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Kingsley, Karmitz and Edeen of Avison Young sell 15 West 36th St. for $21.5m
January 28, 2025
Manhattan, NY Avison Young has arranged the sale of the 81,082 s/f office property at 15 West 36th St. on behalf of seller Daval 36 Associates for $21.5 million. The property was managed by Walter & Samuels and, together with existing vacancies
Walls up, steel underway at Crow Holdings Golden Triangle Logistics Center
January 28, 2025
Wallkill, NY With walls up and steel installation underway, construction is progressing on track at Golden Triangle Logistics Center according to Crow Holdings Development. The class A, two-building warehouse/distribution property sits on 92 acres in Orange
SMPS-NY names board of directors for 2025
January 28, 2025
New York, NY Society for Marketing Professional Services New York Chapter (SMPS-NY) has named its board of directors for the 2025 term. This team aims to advance marketing and business development in the AEC industry.
Six lender “cash trap” scenarios investors can avoid by investing in debt-free Delaware Statutor...
January 28, 2025
Since our inception, Cove Capital has taken a contrarian approach to real estate investing in that we believe today’s current macroeconomic picture does not bode well for investors who are pushing for increased returns with the use of leverage. Cove Capital believes
IREON Insights: Giving back: Finding the best fit for your business to make an impact - part 1 of ...
January 28, 2025
While the past few years have seen difficult tidings for the New York real estate market, 2024 ended on a strong note. In New York, optimism is high that 2025 will be a year of growth as mortgages mature and as we see rate cuts from the Federal Reserve. This optimism has held true for
Cresa arranges renewal for The HOPE Program
January 28, 2025
Brooklyn, NY Cresa senior advisors Waite Buckley and Michael Herz have arranged a 10-year renewal lease for 7,500 s/f at 1 Smith St. for The Hope Program a non-profit organization that provides training and job placement for green jobs throughout New York City,
Kennedy Funding closes $1.445m loan to renovate Old Mill Guest House venue
January 28, 2025
Wallkill, NY A Hudson Valley retreat is expanding its footprint in the wedding events space, with help from Kennedy Funding. The N.J.-based, direct private lender closed a $1.445 million loan to 323 Old Mill LLC for Old Mill Guest House,
Jafri Journal forms joint venture with London-based The Property Network
January 28, 2025
New York, NY The Property Network (LPN) has formed an international partnership with Jafri Journal, known for their New York-based property networking events. This collaboration highlights London’s global significance as a real
Westchester LDC votes preliminary approval of
$20.6m financing of Kendal on Hudson renovations
January 28, 2025
Sleepy Hollow, NY The Westchester County’s Local Development Corp. (LDC) voted preliminary approval of $20.6 million tax-exempt bond financing for renovations of Kendal on Hudson, a life plan community located at 1010 Kendall Way.
March of Dimes honors Rechler of RXR
January 28, 2025
Purchase, NY March of Dimes NY/NJ Market honored Todd Rechler, founding partner, chief construction & development officer, RXR, with the March of Dimes Real Estate Award at the 2024 Westchester/Fairfield Real Estate Awards Breakfast held at Brae Burn
Brooks Brothers to open flagship at L&L Holding’s 195 Broadway
January 28, 2025
Manhattan, NY According to L&L Holding Company and Brooks Brothers, the American clothing retailer will open a new flagship store at L&L’s 195 Broadway, re-establishing a footprint in the Lower Manhattan neighborhood where the brand
Sher of Katz & Assocs. leases 35,809 s/f to Lincoln Market
January 28, 2025
Manhattan, NY Lincoln Market continues to expand in New York City with their largest store yet. Lincoln Market signed a 20-year-term lease for a 35,809 s/f store at River Place (660 W 42nd St). The store is among the largest street-level grocery
Derby Copeland Capital closes $33.75 million loan to AYA Acquisitions
January 28, 2025
Manhattan, NY Derby Copeland Capital (DCC) closed a loan – totaling $33.75 million – to provide acquisition financing to AYA Acquisitions to acquire a leasehold interest in the property located at 225 East 63rd St.
Frost joins Withers as commercial real estate partner
January 28, 2025
Manhattan, NY Arielle Frost has joined international law firm Withers as a commercial real estate partner. Frost joins the firm from Rosenberg & Estis, where she was a partner and led the firm’s real estate joint ventures team.
Kleinberg of Tri-State Properties sells 13,000 s/f Syosset office for $2.1 million
January 28, 2025
Syosset, NY Ron Kleinberg, president of Tri-State Properties, exclusively brokered the $2.1 million sale of the Syosset Professional building located at 40 Underhill Blvd. The 3-story commercial building totaled 13,000 s/f which included the lower level.
SL Green Realty sells 11% interest of One Vanderbilt Ave.
January 28, 2025
Manhattan, NY SL Green Realty Corp. closed on the sale of an 11% interest in One Vanderbilt Ave. to Mori Building Co., Ltd., Japan’s leading urban landscape developer. The investment was completed at a gross valuation of $4.7 billion for the property
ASG Equities achieves two milestones in redevelopment of Lower Manhattan retail block
January 28, 2025
Manhattan, NY ASG Equities, the real estate family office of the Gindi family, have made two advancements in its reimagination of the Lower Manhattan retail block once fully occupied by Century 21, the institution that the Gindi family founded and continues
Ariel Property Advisors arranges
two loans totaling $11.75 million
January 28, 2025
Manhattan, NY The Capital Services Group for Ariel Property Advisors arranged two loans totaling $11.75 million for two properties. Ben Schlegel, a director in the capital services group at Ariel, and Paul McCormick, partner, sales management, represented separate borrowers in the two transactions
Case histories should be part of your new year - by Harry Zlokower
January 28, 2025
Make case history development essential in 2025, It is one thing to say you are very good and another to prove it. Good case histories are more likely to win credibility, media coverage, and clientele than self-extolling ads or releases.
Phillips of Largo R.E. arranges $1.7m first mortgage for educational property
January 28, 2025
Orchard Park, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., secured a $1.7 million permanent first mortgage to refinance the existing debt on a 50,000 s/f educational property. Phillips utilized his relationship with a federal credit union