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Finding the $10 Bill: Applying Howard Marks' Value Investing to Real Estate - by Todd McIndoo
January 28, 2025
Imagine finding a $10 bill on the sidewalk. You'd pick it up, right? Howard Marks, co-chairman of Oaktree Capital Management, argues that successful investing is much the same: finding undervalued assets – that $10 bill – and capitalizing
Ginsburg joins with officials for grand opening of Haverstraw Commuter Ferry Terminal
February 11, 2025
Haverstraw, NY Martin Ginsburg, founder and principal of Ginsburg Development Companies (GDC), joined with Rockland County executive Ed Day, Haverstraw Village mayor Mike Kohut and Metro-North president Catherine Rinaldi for a ribbon-cutting ceremony
Braverman Greenspun acquires Zingman & Associates
February 11, 2025
Manhattan, NY Braverman Greenspun P.C., a leading law firm in condominium, cooperative, and real estate matters in New York for more than 50 years, announced today that it has acquired Zingman & Associates PLLC, a highly regarded real estate boutique law
BOMA Westchester elects 2025 officers and directors
February 11, 2025
White Plains, NY The Building Owners and Managers Association of Westchester County has elected its slate of officers for the 2025 term. Stephanie Manfredi was re-elected president. Manfredi is a property manager at Colliers International.
Leasing starts at 20 and 30 Halletts Point
February 11, 2025
Queens, NY The Durst Organization started leasing for 20 and 30 Halletts Point. 20 and 30 Halletts Point offer 647 modern studio, one, and two-bedroom homes with views, amenities, and green spaces in Astoria. The first move-ins and the opening of the new
Chipotle to open at L&L Holdings’ 600 Third Ave.
February 11, 2025
Manhattan, NY L&L Holding Company reached an agreement with Chipotle to open a new location at 600 Third Ave., L&L’s 42-story office tower in the Grand Central district.
Tishman Speyer completes $2.85 billion refinancing of 2.8 million s/f The Spiral
February 11, 2025
Manhattan, NY Tishman Speyer has refinanced The Spiral, its new office tower, with a $2.85 billion CMBS loan. The Spiral is 94% leased two years after its opening. The five-year, fixed-rate loan is led by JPMorgan Chase with Bank of America, Goldman Sachs, and Wells Fargo serving as co-lenders. Tishman Speyer has now secured nearly $6.4 billion in refinancings on two marquee
The Moinian Group inks 27,500 s/f lease renewal at 535 Fifth Ave.
February 11, 2025
Manhattan, NY The Moinian Group has signed a 27,500 s/f, five-year lease renewal with Gardiner & Theobald, an independent construction and property consultancy for the built environment at 535 & 545 Fifth Ave. in Midtown East. Gardiner &
Andover Lending exceeds $250 million in transaction volume since launching
February 11, 2025
Manhattan, NY Andover Lending originated $250 million in bridge and construction loans since launching less than a year ago. The platform combines Andover Properties’ 20-year track record of investing in self storage and other niche sectors with TPG
Fisher Brothers signs two leases totaling over 40,000 s/f at 1345 Avenue of the Americas
February 11, 2025
Manhattan, NY Fisher Brothers signed two new leases at 1345 Avenue of the Americas. Canyon Partners, LLC, a $26 billion global alternative investment manager, signed a nearly 22,000 s/f, 11-year lease on the 28th floor. In addition, law firm
Guszack joins Houlihan Lawrence
February 11, 2025
Rye Brook, NY Catherine Guszack has joined Houlihan Lawrence. A Virginia native, Guszack has been a Rye resident since 2010. With ten years as an interior designer of custom new-construction and
Williams Equities caps 56,728 s/f leasing wave at 136 Madison Ave. with Impact.com renewal
February 11, 2025
Manhattan, NY Williams Equities leased 56,728 s/f in 2024 at 136 Madison Ave. In the most recent transaction at the Midtown South building, the ownership group completed an 18,364 s/f renewal with technology firm Impact.com, which re-upped for the entire
Marx Realty signs 22,000 s/f in
leases at 10 Grand Central
February 11, 2025
Manhattan, NY Marx Realty shared that telemedicine giant Teladoc Health has expanded and extended its lease at 10 Grand Central. The firm will more than double its footprint at the repositioned office tower taking a total of 15,000 s/f in a 10-year deal as it
Giaccio joins Cole Schotz P.C.
February 11, 2025
Manhattan, NY Evelyn Giaccio has joined Cole Schotz P.C. as a member of the firm’s real estate department. Giaccio’s practice focuses on matters pertaining to real estate finance, acquisition and disposition, joint venture, leasing,
How to use Delaware statutory trusts and 1031 exchanges for diversification - by Dwight Kay
February 11, 2025
For those readers who are not familiar with DSTs: They are a legal real estate ownership structure that allows multiple investors to each hold an undivided beneficial interest in the trust. The term “beneficial interest” means that investors hold a percentage of the
Braverman Greenspun promotes Peterson and Pakett
February 11, 2025
Manhattan, NY Braverman Greenspun P.C. has promoted Tracy Peterson to principal and Drew Pakett to partner. “I’m still thankful for the day that Tracy joined us more than 17 years ago,” said Robert Braverman, managing partner
OPEN Impact assists Kwenda Collegiate Girls Charter School
February 11, 2025
Brooklyn, NY OPEN Impact Real Estate (OPEN) shared that Kwenda Collegiate Girls Charter School has signed a 10-year lease for 44,114 s/f of turnkey school space at 2520 Church Ave. in Flatbush. The new space, previously occupied by St. Gregory The Great
Lim joins Rosenberg & Estis, P.C. as member of transactions department
February 11, 2025
Manhattan, NY Lisa Lim has joined Rosenberg & Estis, P.C., as a member within the transactions department. Lim will contribute her experience in real estate finance and development, affordable housing, and economic development as part of the firm’s
Marcus & Millichap arranges sale of 373-unit self-storage
February 11, 2025
New Windsor, NY Marcus & Millichap negotiated the sale of Lock Around the Clock, a 373-unit self-storage property. “It’s great to have sold another stabilized asset to an out-of-state buyer for top dollar in New York’s Mid-Hudson
Manhattan Skyline Management welcomes Empire Cake to 450 Sixth Ave.
February 11, 2025
Manhattan, NY According to Manhattan Skyline Management Corp., bakery Empire Cake has opened its second location at 450 Sixth Ave. between West 10th and West 11th Sts. in the West Village.