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Marcus & Millichap closes sale of 21-unit apartment building for $3.8 million
June 9, 2026
Brooklyn, NY Marcus & Millichap negotiated the sale of 665 St. Marks Ave., a 21-unit multifamily property in Crown Heights. The property sold for $3.8 million.
Vasconcellos of Levin Management Corp. signs Wingstop at Rutgers Plaza
June 9, 2026
Somerset, NJ Wingstop, a leading national fast-casual brand, has signed a 1,848 s/f lease at Rutgers Plaza, a 268,000 s/f Stop & Shop-anchored shopping center at the
House of Spells to open 20,000 s/f at 234 West 42nd St.
June 9, 2026
Manhattan, NY Magical adventures and experiences await this summer as NYC’s first multi-fandom retail destination prepares to open in Times Square. Located at 234 West
Hunt commercial real estate question and answer: Lease escalations - by David Hunt
June 9, 2026
Q: What is a fair rent increase in a commercial lease? My firm is negotiating a lease on an industrial building, and the landlord is asking for a 4% escalation every year. Is there a standard rent increase for industrial leases? A: There are no standard or published lease escalations. Escalation terms are essentially whatever two parties can agree upon. An alphabet soup of rent escalators was common in the past,
Industry City expands robotics ecosystem with 10,000 s/f of new leases
June 9, 2026
Brooklyn, NY Industry City (IC), the 35-acre mixed-use innovation campus in Sunset Park, closed 10,000 s/f of new leases with robotics and hard-tech companies Möbius Industries and Alquist Robotics, in
TerraCRG arranges $8.575 million sale of 9,084 s/f restaurant/beer garden
June 9, 2026
Brooklyn, NY TerraCRG negotiated the $8.575 million sale of 76 Ainslie St., a retail building housing Ainslie Brooklyn, a multi-level restaurant and beer garden in Williamsburg.
Grassi signs 41,000 s/f lease renewal at 50 Jericho Quadrangle
June 9, 2026
Jericho, NY Cushman & Wakefield arranged a 41,000 s/f office lease renewal on Long Island, marking the largest office recommitment signed in the market thus far in 2026. Grassi, a leading advisory, tax and
Redevelopment of former Lincoln Correctional facility commences
June 9, 2026
Manhattan, NY LDG Group LLC, Infinite Horizons, L+M Development Partners, and Urbane Development Group closed on over $97 million in financing for the redevelopment of the former Lincoln Correctional facility in Harlem. With a variety of partners spanning both the public and private sectors
SL Green Realty sells 10 East 53rd St. for $312.2 million to Meadow Partners
June 9, 2026
Manhattan, NY SL Green Realty Corp. has sold 10 East 53rd St. for total consideration of $312.2 million to Meadow Partners. The transaction, which is expected to close in the third quarter of 2026, subject to customary closing conditions, will generate net cash proceeds to the company of approximately $100 million that will be used for corporate debt repayment.
Greenport, Long Island BID retains Helmsley Spear to support retail leasing and economic developmen...
June 9, 2026
Southold, NY Helmsley Spear, LLC, America’s oldest continuously operating real estate firm founded in 1866, has been retained by the Greenport Business Improvement District (BID) to support strategic retail leasing, business attraction, and downtown economic development initiatives within the Village of Greenport.
Manhattan Skyline welcomes Wink Pediatric Eye Care to West River House with 1,000 s/f lease
June 9, 2026
Manhattan, NY Manhattan Skyline Management Corp. has secured a long-term lease with Wink Pediatric Eye Care at 424 West End Ave. in the Upper West Side neighborhood. Situated within a street level office at Manhattan Skyline’s 22-story, 230-unit luxury rental apartment building, West River House,
Jack Resnick & Sons signs 8,886 s/f in leases at 15-story office building
June 9, 2026
Manhattan, NY Jack Resnick & Sons has secured four separate lease deals totaling 8,886 s/f at 133 East 58th St., its 15-story office building in the Plaza District. The Parkinson’s Wellness Foundation expanded its commitment at 133 East 58th St. to 9,000 s/f. The Foundation added a 2,256 s/f suite
Related Companies and Sterling Equities hold groundbreaking at Willets Point
June 9, 2026
Queens, NY Queens Development Group (QDG), a joint venture between Related Companies and Sterling Equities, in partnership with the New York City Department of Housing Preservation & Development (HPD), New York City Housing Development Corp. (HDC) and the New York City Economic Development Corp.
IIDA NY honors Polucci the 2026 Leadership Award of Excellence
June 9, 2026
Manhattan, NY The International Interior Design Association’s New York Chapter (IIDA NY) has named Tom Polucci, FIIDA, AIA, LEED GA, firmwide director of interiors at HOK, as the recipient of the chapter’s 2026 Leadership Award of Excellence. Polucci was celebrated among more than 800 attendees
The Refinery at Domino reaches 90% occupancy by Two Trees Management
June 9, 2026
Brooklyn, NY Two Trees Management Co., a Brooklyn-based, family-owned real estate development firm, has released that The Refinery at Domino is at 90% occupancy. Several existing tenant expansions and new leases have contributed to this milestone
Rudin finalizes 40,345 s/f in leases at One Battery Park Plaza
June 9, 2026
Manhattan, NY Rudin has finalized a lease agreements totaling 40,345 s/f with flexible workplace company, Industrious, and global architecture firm and design studio, Woods Bagot, at One Battery Park Plaza. The addition of these tenants
Tavros inks 76,000 s/f lease with Chelsea Piers Fitness at 250 Water St.
June 9, 2026
Manhattan, NY Tavros, a privately-owned real estate investment management and development firm, has signed a long-term lease agreement with Chelsea Piers Fitness at the planned mixed-use tower at 250 Water St. The New York-based fitness and wellness brand will open a five-story 76,000 s/f fitness club
Durst Organization launches 600,000 s/f of headquarter space at 114 West 47th St.
June 9, 2026
Manhattan, NY The Durst Organization introduced the availability of up to 600,000 s/f at 114 West 47th St., one the largest available block of Class A space in Midtown. Built by The Durst Organization, the 26-story tower off Sixth Ave. offers a headquarters-quality
Lonicera Partners, Rabina and Davis Companies begin move-ins at House 55
June 9, 2026
Brooklyn, NY Developers Lonicera Partners and Rabina, alongside partner The Davis Companies (Davis), have begun the first move-ins at House 55, a 43-story residential tower located at 55 Willoughby St. House 55 features 295 units across 41 residential floors
Versant Media Group signs 84,509 s/f lease expansion with Columbia Property Trust
June 9, 2026
Manhattan, NY Columbia Property Trust, Inc. with Versant Media Group, Inc., a new publicly traded modern media company, has entered into a long-term lease extension and a three-floor, 84,509 s/f expansion at 229 West 43rd St. The agreement will establish the property as Versant’s New York City corporate office