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Pyramid Management Group secures extensions on $400 million of debt
February 25, 2025
Syracuse, NY Pyramid Management Group has worked with its lenders to secure three-year extensions on the loans on Holyoke Mall in Holyoke, Mass. and Sangertown Sq. in New Hartford, N.Y. A one-year extension has also been secured for Poughkeepsie Galleria in Poughkeepsie. These extensions will allow Pyramid to
Southern Land Co. opens 150-unit
apartment community, Florent
February 25, 2025
Garden City, NY Southern Land Company (SLC) celebrated the opening of Florent, its new luxury apartment community at 555 Stewart Ave. Florent represents a transformative addition to the Village, marking its first multifamily apartment home community in more than half a century.
Stenson of Brax Realty sells 8-unit
Williamsburg building for $8.5 million
February 25, 2025
Brooklyn, NY Alan Stenson, senior director of Brax Realty, negotiated the sale of 150 North 9th St. in Williamsburg for $8.5 million. Situated in one of Williamsburg’s most sought-after neighborhoods, the building benefits from close proximity
Fisher Brothers and Alaska Permanent Fund
secure $500 million refinancing for 299 Park Ave.
February 25, 2025
Manhattan, NY Fisher Brothers together with Alaska Permanent Fund Corp. have completed a $500 million refinancing of 299 Park Ave. provided by Citi and J.P. Morgan. The 1.17 million s/f class A office tower is 95% leased and anchored by industry-leading tenants such as Capital One, King Street Capital and
Blanton of Largo Capital arranges $14 million refinance
February 11, 2025
Lutz, FL Ben Blanton of Largo Capital, Inc. arranged a permanent first mortgage to refinance the existing debt on a 110-key Hilton Garden Inn. The five-year, fixed-rate loan, amortized over 25 years, included cash-out
Ross of Largo Capital arranges $11.9 million permanent refinance of an office building
February 11, 2025
Montreal, QC Kevin Ross, managing director at Largo Capital, Limited, arranged an ESG-driven permanent first mortgage to refinance the existing debt on a recently renovated two-story office building. The property offers over
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Building a more affordable suburbia: Governor Hochul’s bold plan for housing growth - by Paul Adle...
February 11, 2025
As New York grapples with a generational housing crisis, Governor Kathy Hochul has once again demonstrated a firm commitment to tackling affordability, accessibility, and equity in housing development. Last year, her administration broke
InspireDesign Creative Studio recently completes two projects
February 11, 2025
Garden City, NY InspireDesign Creative Studio, a full-service artwork, design consulting and management firm, has recently completed two Long Island offices. “We are excited to cap a year of projects that make our clients’ spaces more exciting and welcoming
Commercial Classroom: Back to Basics Triple Net Investments - by Edward Smith Jr.
February 11, 2025
Today many clients are revising investing in Triple Net (NNN) properties. Buying properties with NNN leases where the tenant or tenants are responsible for paying all the expenses of the property including taxes, insurance, utilities, repairs and all maintenance
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Perlman of Largo Real Estate secures $2.3 million refinancing
February 11, 2025
Lexington, NC Ned Perlman, vice president of originations at Largo Real Estate Advisors, Inc. secured a permanent first mortgage to refinance a 30-unit multifamily property. The property maintains strong occupancy levels, benefiting
SMPS-NY Panel Discussion: Supplier Diversity – navigating diversity and compliance on public & pri...
February 11, 2025
New York, NY Society for Marketing Professional Services (SMPS-NY) will be hosting an upcoming information and networking session focused on enhancing diversity and inclusion in public and private sector projects. This event aims to provide knowledge and strategies for meeting New York City
Navigating NYC’s Local Law 97: Paul Soames warns of “costly oversight” as compliance deadlines...
February 11, 2025
As New York City’s groundbreaking Local Law 97 (LL97) takes center stage in the fight against urban emissions, Paul Soames, owner of Ryan Soames Engineering and a leading expert in energy efficiency solutions, is calling on commercial property
Houlihan Lawrence names winners of annual Emerald Awards
February 11, 2025
Rye Brook, NY Houlihan Lawrence named this year’s recipients of the annual Emerald Awards, an honor awarded to the top 1.5% of more than 1,450 Houlihan Lawrence sales associates, by gross commission income or units sold. Individuals were recognized from across the firm’s offices in Westchester, Connecticut and
Ariel Property Advisors’ report shows Queens investment sales totaled $2.95 billion in 2024
February 11, 2025
Queens, NY Investment sales in Queens totaled $2.95 billion in 2024, a 7% year-over-year decline, while transactions rose 5% to 507 over this period, according to Ariel Property Advisors’ Queens 2024 Year-End Commercial Real Estate Trends report.
Soloviev Group collaborates with Kent Hospitality Group for Vista Restaurant and Bar at 9 West 57th ...
February 11, 2025
Manhattan, NY Soloviev Group has formed a new collaboration with Kent Hospitality Group (KHG) to continue to enhance the suite of luxury amenities at its office property, 9 West 57th St. (9W57). The new food and beverage amenities — available
Soloviev Foundation partners with the Museum of the American Revolution to create immersive film exp...
February 11, 2025
Manhattan, NY The Soloviev Foundation has formed a collaboration with the Museum of the American Revolution and Donna Lawrence Productions to produce an immersive film experience that will introduce guests to Path of Liberty: That Which Unites US, the newest
Fried Frank advises Citadel on 504,000 s/f lease at 660 Fifth Ave.
February 11, 2025
Manhattan, NY Fried Frank advised Citadel on its agreement to lease 504,000 s/f of office space at 660 Fifth Ave. Citadel’s leasing agreement in the 39-story office building comes as the financial services firm is building its new headquarters at
The Moinian Group inks 16,129 s/f lease with Pixida at 245 Fifth Ave.
February 11, 2025
Manhattan, NY The Moinian Group signed a 16,129 s/f, 20-year lease with Pixida, a Mediterranean-style restaurant at 245 Fifth Ave. in the city’s NoMad neighborhood. “The addition of Pixida symbolizes a number of significant milestones
BioLife Plasma Services leases 12,000 s/f at Blumenfeld’s The Crossings retail center
February 11, 2025
Bronx, NY The Blumenfeld Development Group (BDG) said that BioLife Plasma Services, part of the Takeda Pharmaceutical Company, has signed an 11-year lease becoming the most recent tenant at The Crossings retail center.
TF Cornerstone signs first retail leases within Malt Dr. residential project in Hunter’s Point Sou...
February 11, 2025
Queens, NY TF Cornerstone (TFC) make known the first lease signings at its new Malt Dr. development in the Hunter’s Point South section of the city. Four notable tenants across a variety of industries - Stepping Stone Café by Maman,