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IKEA leases 88,500 s/f at Destiny USA
August 12, 2025
Syracuse, NY IKEA, the Swedish retailer, will open its very first location in Central and Upstate New York at Destiny USA! Shoppers will soon have access to one of the most sought-after retail brands. IKEA decided to choose Destiny USA because of the center’s
AHR Development, CPC and local officials celebrate ribbon cutting for three affordable homes
August 12, 2025
Buffalo, NY Amun Ra, CEO of AHR Development, was joined by The Community Preservation Corp. (CPC) and local officials to celebrate the completed gut rehabilitation of three properties on Riley St. and Florida St. within the Hamlin Park and Cold Spring communities.
Adirondack Capital Partners arranges sale of
McGregor Village Apartments for $30.75 million
August 12, 2025
Wilton, NY Adirondack Capital Partners (ACP) sold McGregor Village Apartments, a 212-unit multifamily community located at 1 Mountain Ledge Dr. The property was acquired by Elar Group from Bruce Tanski Construction for a purchase price of $30.75 million.
Rockefeller Group’s The Dupont surpasses 50% leased
August 12, 2025
Brooklyn, NY Rockefeller Group, in a joint venture partnership with Park Tower Group, said that more than 50% of the 381 residences at The Dupont have been leased. This milestone underscores demand for the newly launched rental tower, which is situated along
Fairstead invests $20 million to renovate 710 affordable housing residences
August 12, 2025
Bronx, NY Fairstead, a national, vertically integrated real estate company, has finalized a $20 million investment to renovate 710 affordable housing residences across 19 buildings. The effort utilizes the New York City Department of Housing Preservation and Development’s (HPD) HUD Multifamily 420-c program, in partnership with HPD.
The Feil Organization leases 5,348 s/f
August 12, 2025
Manhattan, NY The Feil Organization said that Foundry Learning Center has expanded its footprint at Four Park Ave. by an additional 5,348 s/f and extended its existing lease, now occupying the entire third floor for a total of 20,600 s/f. This expansion marks a
Brown Altman secures site plan approval for Hartz Mountain project
August 12, 2025
Melville, NY According to Brown Altman, LLP, Keith Brown, founding partner of Brown Altman, LLP, and partner Matthew Ingber secured site plan approval for Hartz Mountain from the Town of Huntington Planning Board for the construction of two, one-story warehouse
MAG Partners launches leasing
at Anagram Turtle Bay and Mabel
August 12, 2025
Manhattan NY Woman-owned real estate company MAG Partners, in partnership with Global Holdings, the international real estate development and investment firm founded and led by Eyal Ofer, launched leasing at Anagram Turtle Bay, located at 300 East 50th St. in the Turtle Bay
SCALE Lending issues $305 million loan
for new residential development by Beitel Group
August 12, 2025
Bronx, NY SCALE Lending, the debt financing arm of Slate Property Group, has issued a $305 million construction loan for a new multifamily project located at 355 Exterior St. in Mott Haven. Led by Ben Beitel, the Beitel Group will utilize the funds for the ground-up construction of connected 40-story and 26-story residential towers totaling 515,000 s/f and 755 rental units.
LRC Props. buys 209,000 s/f resource center
August 12, 2025
Oviedo, FL In a joint venture, LRC Properties and an institutional partner bought a resource center at 5700, 5707 and 5712 Dot Com Ct. The sale includes three shallow bay buildings totaling 209,000 s/f that are 80% leased. LRC Properties
Koeppel Rosen leases 6,850 s/f to
Publicolor at 20 West 36th St.
August 12, 2025
Manhattan, NY Koeppel Rosen LLC said that Publicolor, Inc. has signed a multiple-year lease extension for 6,850 s/f at 20 West 36th St. The innovative educational youth development organization works with students facing immense life challenges, empowering
Yonkers IDA presents Parkledge Breakthrough Scholarship awards to 10 high school seniors
August 12, 2025
Yonkers, NY The Yonkers Industrial Development Agency (YIDA) has presented 10 Yonkers high school students with 2025 Parkledge Breakthrough Scholarship awards totaling $25,000. The awards were presented at City Hall on June 23rd.
The Business Council of Westchester’s State of the Economy series discusses healthcare
August 12, 2025
White Plains, NY Westchester County’s healthcare landscape is undergoing a transformation, according to panelists at the Business Council of Westchester’s (BCW) State of the Economy series.
Ten ways a smart boiler system can improve your multifamily dwelling’s operations - by Simon Solof...
August 12, 2025
Apartment complexes and other multifamily dwellings are substantial consumers of energy, as they require continuous cooling, heating, and lighting to maintain resident comfort. Boilers play a crucial role in this energy demand, as they support a building’s space heating, heated
The Housing Summit to be held on September 18 in New York City
August 12, 2025
Manhattan, NY The Housing Summit will be held in New York City on September 18, 2025, bringing together the nation’s leaders in housing, finance, and public policy. This half-day summit aims to reimagine housing as a catalyst for economic power, community
Ariel Property Advisors arranges $9 million sale of 21,600 s/f development site
August 12, 2025
Brooklyn, NY Ariel Property Advisors arranged the sale of two adjacent lots totaling 21,600 s/f at 544-550 Union St. in Gowanus for $9 million, or $417 per s/f, marking the firm’s third development site transaction in the neighborhood this year.
Arrow Real Estate Advisors expands team with addition of Schmuckler, Serebrowski and Schlusselberg
August 12, 2025
New York, NY Jacob Schmuckler, Eli Serebrowski, and Meir Schlusselberg have joined Arrow Real Estate Advisors. Morris Betesh, founder of Arrow Real Estate Advisors said, “We are thrilled to welcome Jacob, Eli, and Meir to the team and look forward
Turnbridge Equities leases 52,100 s/f to Sky Zone
August 12, 2025
Brooklyn, NY Sky Zone has signed a long-term lease for 52,100 s/f at single-story warehouse 2350 East 69th St. in the Bergen Beach section of the city for a new indoor trampoline park, according to Ryan Nelson, managing principal of Turnbridge Equities, the
Lee joins Merchants Capital as senior vice president of originations
August 12, 2025
New York, NY Merchants Capital has added Serah Lee as senior vice president of originations. Based in the company’s New York office, Lee joins the sales team of Andrew Weil and Justin Ginsberg, both executive vice presidents of originations, and senior vice president
Namdar Realty and Klosed Properties
acquire 128,410 s/f for $54 million
August 12, 2025
Brooklyn, NY Namdar Realty, in a joint venture with Klosed Properties, has acquired the full-block retail and parking condominium at Front & York, located at 85 Jay St. in DUMBO for $54 million. The asset comprises 128,410 s/f of retail space beneath a 21-story