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Industry City grows biotech footprint with over 61,000 s/f of new and expanded leases
July 8, 2025
Brooklyn, NY Industry City, the 35-acre, six million s/f mixed-use campus in Sunset Park, signed 61,510 s/f of new and expanded leases. Biotechnology company Cresilon has signed a 55,000 s/f, 10-year expansion lease for its U.S. headquarters and lab space, more than doubling its footprint
NYC Accelerator June Expo gathers building owners, service providers
July 8, 2025
Brooklyn, NY About 900 building owners, service providers, registered design professionals, and city representatives came together for “LL97 Compliance: Service Provider Expo” at the Brooklyn Navy Yard to pave the way forward on implementing the carbon emissions law.
Perlman of Largo secures $41.79m construction loan for 246-unit project
July 8, 2025
Getzville, NY Ned Perlman, vice president of upstate originations at Largo Real Estate Advisors, Inc. closed a $41.79 million multi-family construction loan. The proposed facility will feature 246 units, with a mix of studio, one-, two-, and three-bedroom units, as well as a variety of community amenities.
KM Associates welcomes Espinosa as director of major projects
July 8, 2025
Manhattan, NY KM Associates of New York has appointed construction industry veteran Roz Espinosa as director of major projects. Espinosa brings 30 years of experience in construction project management and expertise with NYC Department of Buildings approvals to the role.
Conway Property Advisors brokers $3m mixed-use sale
July 8, 2025
Brooklyn, NY Conway Property Advisors negotiated the sale of 272 Driggs Ave., a mixed-use property located in Greenpoint,. The asset, which sold for $3 million in an all-cash transaction, consists of four residential apartments above a ground-floor retail space.
Goldflam of Highcap Group sells
three retail condos for $2.55m
July 8, 2025
Manhattan, NY Josh Goldflam, co-founder & principal of Highcap Group, arranged the sale of the three retail condos at the base of the high-rise condominium located at 111 Murray St., which sold for $2.55 million. The seller was a partnership of the sponsor developers Witkoff Group
Fried Frank advises borrower in $720 million loan
July 8, 2025
Manhattan, NY Fried Frank advised the borrower in connection with Madison Realty Capital’s $720 million loan origination to finance a joint-venture between Metro Loft Developers and David Werner Real Estate Investments for the development and conversion of the former Pfizer headquarters, located
Vestian secures 17,000 s/f headquarters lease for TickPick at One Penn Plaza
July 8, 2025
Manhattan, NY Vestian represented TickPick in securing a new 17,000 s/f lease at One Penn Plaza for its new corporate headquarters. The move marks a milestone for TickPick, doubling the size of its previous office to accommodate its team and business operations. The new office represents a substantial
Greystone closes $901.3 million multifamily commercial real estate collateralized loan obligation
July 8, 2025
Manhattan, NY Greystone, a leading national commercial real estate finance company closed Greystone CRE Notes 2025-FL4, LLC, a $901.3 million commercial real estate collateralized loan obligation (CRE CLO) backed by bridge loans on multifamily properties.
Raffa of Island Associates closes 1,700 s/f lease and
relocation for National EAP at 490 Wheeler...
July 8, 2025
Hauppauge, NY Bob Raffa of Island Associates negotiated a relocation and new lease for National EAP for 1,700 s/f at 490 Wheeler Rd. National EAP relocated within the building and extended their term. National EAP is a consulting and human resources firm that has been in the building
Cohen of Leviathan Capital arranges $3.14m construction loan
July 8, 2025
Brooklyn, NY According to Leviathan Capital, senior capital markets advisor and licensed salesperson Peter Cohen has closed a $3.14 million construction loan for a condominium development project located in the Greenpoint neighborhood.
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
July 8, 2025
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
Sunrise Multifamily Summit returns October 30 with top industry leaders and Economic Insight
July 8, 2025
Latham, NY After a six-year hiatus, the Sunrise Multifamily Summit returns on Thursday, October 30, 2025, bringing together multifamily real estate professionals from across the capital region for a morning of expert insight, industry dialogue, and community impact. Organized by Sunrise Management & Consulting, the event will take place
Black Bear Capital, The Crest Group finalize $42.5m
CMBS loan to refinance Long Island office p...
July 8, 2025
Islandia, NY Black Bear Capital Partners (BBCP), a real estate financial advisory firm and subsidiary of Black Bear Asset Management (BBAM), arranged $42.5 million in financing on behalf of The Crest Group to refinance the 400,000 s/f Crossroads office portfolio.
Tishman Speyer finalizes acquisition of
148 Lafayette St. for $105.5 million from EPIC
July 8, 2025
Manhattan, NY Tishman Speyer has acquired 148 Lafayette St., a fully-leased, 12-story boutique office building in SoHo. Tishman Speyer purchased 148 Lafayette from EPIC for $105.5 million.
Designing for the return: How interior design can inspire a thriving office comeback - by Megan Ball...
July 8, 2025
As the workplace continues to evolve post-pandemic, the conversation has shifted from whether employees should return to the office to how we can make that return meaningful. While hybrid and remote work remain popular
HIA-LI and Long Island Economic Development Task Force spotlight South Bay Village project
July 8, 2025
Hauppauge, NY HIA-LI’s Economic Development Task Force held an exclusive “The Process and The Project” presentation highlighting the proposed South Bay Village project from Rechler Equity Partners. The event brought together regional business leaders, elected officials, and community stakeholders to discuss the vision for the shuttered Island Hills Golf Course in Sayville.
Successfully challenged your taxes? Don’t forget about the exceptions - by Robert Renda and Laure...
July 8, 2025
It is no secret that New York State, and Long Island in particular, has some of the highest property taxes in the country. As a result, the majority of property owners on Long Island challenge their real estate tax assessments annually. In most taxing jurisdictions on Long Island, the real estate tax assessment
The Feil Organization secures lease with Nationwide Mortgage Bankers, Inc. at 1305 Walt Whitman Rd....
July 8, 2025
Melville, NY The Feil Organization negotiated a new lease agreement with Nationwide Mortgage Bankers, Inc. (NMB). NMB will occupy 28,552 s/f office at 1305 Walt Whitman Rd., a class A office property in the town’s business district on Long Island.
Hunt Corp. Commercial Real Estate Q&A: Lease options - by David Hunt
July 8, 2025
Q: Our company is negotiating a long-term lease for a new manufacturing facility. How important is an option to renew or purchase? A: The definition of an option is a provision in an agreement that gives one party the right, but not the obligation, to exercise a right of some kind. This is important to keep in mind when negotiating tenant options in a lease.