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Marx Realty leases to Hillcrest Financial and Peel Hunt at 10 Grand Central
November 12, 2024
Manhattan, NY Marx Realty signed Hillcrest Finance and Peel Hunt to new leases at 10 Grand Central. Real estate investment management firm Hillcrest Finance has signed a five-year, 3,200 s/f lease on the building’s 9th floor while investment bank Peel Hunt has signed a six-year,
One quality a broker must have to stay successful - creativity - James Famularo
November 12, 2024
As we near year end and take a look at how the leasing market shifted throughout 2024, it’s important to note yet another trend that has come to an end – the smoke shop trend. Brokers have always worked on assignments for convenience stores, gift shops, grab ‘n go shops alike, but it wasn’t until
Cross County Center kicks off 2024 holiday season on Nov. 15
November 12, 2024
Yonkers, NY The 2024 holiday season is fast approaching and Cross County Center, a destination for holiday shopping and entertainment for the last 70 years, is checking its list – twice! Family-friendly events, extended shopping hours, a new holiday pop up market and other festivities
Rosenberg & Estis, P.C. forms new distressed real estate group
November 12, 2024
Manhattan, NY Rosenberg & Estis, P.C. formed a distressed real estate group to provide legal solutions for clients facing challenges from the distress facing the real estate market.
Wiener and Driscoll of The Feil Organization renew 22,000 s/f lease with Mount Sinai West at 200 We...
November 12, 2024
Manhattan, NY The Feil Organization said that Mount Sinai West has renewed its 22,000 s/f space for 15 years at 200 West 57th St. Mount Sinai West was represented by Chris Mongeluzo of Newmark, and Feil was represented in-house
Gold and Elyaszadeh of Ariel Property Advisors arrange $9.85 million sale of development site
November 12, 2024
Bronx, NY Ariel Property Advisors (Ariel) arranged the sale of 36 Bruckner Blvd., a corner development site in the Mott Haven neighborhood, for $9.85 million, or $131 per buildable s/f (BSF). An Ariel team led by senior director Jason Gold and associate director
Lee & Associates NYC assists Telecom relocation
November 12, 2024
Manhattan, NY Lee & Associates NYC represented Telecom Infrastructure Corp (Telecom) in its relocation to 2 West 45th St. in Midtown, from 8 E 41st St. Telecom signed a five-year and four-month, 3,944 s/f lease and is expected to move in this month.
Vornado welcomes Five Iron Golf to 1290 Avenue of the Americas
November 12, 2024
Manhattan, NY Vornado Realty Trust negotiated a lease with Five Iron Golf for a new location at 1290 Avenue of the Americas, its 2.1 million s/f office building in Midtown. Five Iron Golf will be an integral component to Vornado’s new amenity program at 1290 Avenue
Jack Resnick & Sons leases 3,500 s/f to Bauman Rare Books at 485 Madison Ave.
November 12, 2024
Manhattan, NY According to Jack Resnick & Sons, antiquarian book company Bauman Rare Books is opening a new street-level gallery at 485 Madison Ave., its Midtown tower. Founded by Natalie and David Bauman in 1973, Bauman Rare Books
S3 provides $48 million construction loan for 27-unit condo development
November 12, 2024
Brooklyn, NY S3, the lending arm of Spruce Capital, originated a $48 million construction loan for the development of a 27-unit residential condominium building at 1214 Ocean Pkwy. in the Midwood neighborhood. This new project is set to offer a full suite of amenities and private outdoor spaces
Music in the air... and real estate - by Harry Zlokower
November 12, 2024
While music has been employed for years in segments of commercial real estate, it does not always come to mind when one thinks of marketing showrooms to brokers and high-end designer space, restaurants, and commercial real estate to users. Now a former retail broker with music industry experience is introducing
Arrow Real Estate Advisors launches, led by managing partner Betesh
November 12, 2024
Manhattan, NY Arrow Real Estate Advisors has officially launched under the leadership of managing partner Morris Betesh. With over two decades of experience, Betesh has financed over 1,000 buildings and closed transactions exceeding $20 billion. He is known for representing developers across the country
Blue Owl Capital inks 238,673 s/f
lease at RFR’s Seagram Building
November 12, 2024
Manhattan, NY Blue Owl Capital has extended its 168,597 s/f lease on the second through sixth floors by 70,076 s/f to include the 16th-19th floors. The firm will occupy 238,673 s/f at Seagram bringing the building to nearly 100% occupancy.
WX hosts 2024 Woman of the Year Gala, honoring DaSilva of PIMCO Prime Real Estate
November 12, 2024
Manhattan, NY WX New York Women Executives in Real Estate (WX) hosted its Annual 2024 Woman of the Year Gala on Thursday, October 10th at The Plaza. The sold-out gala honored Peggy DaSilva, head of asset management, U.S., for PIMCO Prime Real Estate, who
Tishman Speyer completes $3.5 billion
refinancing for Rockefeller Center
November 12, 2024
Manhattan, NY Tishman Speyer has refinanced its iconic Rockefeller Center campus via a $3.5 billion CMBS loan, the largest issuance ever for a single office asset. Bank of America and Wells Fargo served as co-lead managers on the five-year Single Asset Single Borrower
November 2024 NYSCAR president’s message - by Robert Strell
November 12, 2024
The New York State Commercial Association of Realtors held their 2024 annual meeting on September 30th at the Turning Stone Resort and Casino in Verona. The following officers were elected for 2025: President, Robert Strell (WNY); first vice president, Mercedes Brien (RAC); second vice president,
Phillips of Largo Real Estate Advisors secures $2.6 million first mortgage to refinance 190,000 s/f ...
November 12, 2024
Penn Yan, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc. secured a $2.6 million permanent first mortgage to refinance the existing debt on a 190,000 s/f multi-tenant industrial/distribution facility. The property features 2000A, 440V 3-phase power and is
Capitalize Albany Corporation votes unanimously, Mohl president
November 12, 2024
Albany, NY The City of Albany’s economic development organization Capitalize Albany Corporation has named Ashley Mohl as its next permanent leader. Its board of directors voted unanimously during its October board meeting to name Mohl president, who has been serving as its interim
Landmark Properties partners with Peninsula Investments to begin construction of 161-unit The Retrea...
November 12, 2024
Vestal, NY Landmark Properties has started construction on a new community 0.6 miles south of the State University of New York (SUNY) Binghamton campus. The Retreat at Bunn Hill will be the first true cottage-style project in the Binghamton market, a product type that offers lower density
EW Howell Construction and H2M architects + engineers celebrate grand opening of 48,000 s/f Oceansid...
November 12, 2024
Oceanside, NY EW Howell Construction Group completed a renovation/addition project for the Oceanside Library. The project was started in 2022 and was completed in October 2024. On October 27th the Oceanside Library at 30 Davison Ave., held a grand opening,