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Coleman and Kaufman of Hanley represents GoldenTree in 60,000 s/f lease
February 25, 2025
Manhattan, NY According to BXP, GoldenTree Asset Management has signed a 15-year, 60,000 s/f lease at the GM Building. The lease, which spans the 43rd and 44th floors, is an expansion of GoldenTree’s New York City operations.
National Association of Minority Contractors (NAMC) New York Tri-State chapter hosts annual Unity Ga...
February 25, 2025
Manhattan, NY The National Association of Minority Contractors (NAMC) New York Tri-State chapter hosted its annual Unity Gala bringing together top industry leaders, advocates, and professionals committed to fostering diversity in the real estate and construction sectors. Under the theme “Building
Retail by MONA secures Cremieux to 1,200 s/f at Vornado Realty Trust’s 650 Madison Ave.
February 25, 2025
Manhattan, NY According to Retail by MONA, menswear brand Cremieux has signed a long-term lease at Vornado Realty Trust’s 650 Madison Ave. The 1,200 s/f space, located on East 60th St. between Madison and Fifth Aves., will serve as Cremieux’s New York City flagship store.
ISS North America appoints Stolarski president of Eastern U.S. Division
February 25, 2025
Manhattan, NY ISS has appointed industry veteran Joe Stolarski as president of its newly-established East Division for ISS North America. As ISS continues to grow its foothold in the U.S. market, this move underscores ISS’ commitment to curated, client-centric facility management and food service
Cornell Tech opens The Bridge - new flexible workspace
February 25, 2025
Manhattan, NY Cornell Tech, the campus of Cornell University dedicated to developing leaders and technologies for the AI era, has opened The Bridge, a new flexible workspace for entrepreneurs, early and mid-stage ventures, and more established companies. Located in the Tata Innovation Center on Cornell
Marcus & Millichap brokers $4.6 million sale of 10-unit multifamily
February 25, 2025
Queens, NY Marcus & Millichap negotiated the sale of a 10-unit multifamily property for $4.6 million. “We extend our congratulations to both the buyer and seller on completing a successful transaction,” said Sean Fopeano. “The property sol
Xing Fu Tang leases 15,085 s/f industrial space
February 25, 2025
Brooklyn, NY According to Madison Capital and Salmar Properties, Xing Fu Tang signed a lease for 15,085 s/f of industrial space on the 4th floor of Liberty Bklyn. at 850 3rd Ave. Casal San Andres of The Buckley Organization represented Xing Fu Tang. David Junik, Mark Caso,
North Bridge names Martinez as vice president
February 25, 2025
Manhattan, NY North Bridge ESG LLC (North Bridge) has appointed Caissa Martinez as vice president. Martinez brings extensive expertise in real estate finance and development, further strengthening North Bridge’s ability to deliver innovative capital solutions.
SL Green Realty signs 92,663 s/f
expansion lease with IBM
February 25, 2025
Manhattan, NY SL Green Realty Corp. signed a 92,663/f expansion lease with IBM at One Madison Ave., increasing IBM’s total footprint at the property to 362,092 s/f. The 15-year lease covers the entire 7th floor and brings the building to 72% leased. This lease follows the strong 2024
Forever chemical risk in by-product of wastewater treatment - by Jesse Hiney
February 25, 2025
On January 14, 2025, the U.S. Environmental Protection Agency (EPA) issued a draft risk assessment to evaluate the disposal of sewage sludge containing the forever chemicals PFOA and PFAS. Sewage sludge refers to the nutrient-rich biosolids that remain after wastewater is sent to a wastewater treatment plant
Avdoo & Partners purchases 242 East 71st St. development site for $52 million
February 25, 2025
Manhattan, NY Avdoo & Partners Development closed on 242 East 71st St. on the Upper East Side. Avdoo purchased the site for $52 million and Valley Bank provided the loan for the deal. As the firm grows its portfolio across Manhattan and Brooklyn, this acquisition signifies Avdoo’s first
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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