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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.
S3 Capital originates $79 million construction
loan for 138-unit 250 W 49th St.
February 11, 2025
Manhattan, NY S3 Capital originated a $79 million construction loan for the acquisition and development of a premier 28-story, mixed-use rental building at 250 W 49th St., located at the corner of 8th Ave. and 49th St. in Midtown West. This marks S3’s fourth $50 million+ loan originated
Platinum Properties names new chief executive officer
February 11, 2025
Manhattan, NY Platinum Properties named co-founder and chief operating officer Dezireh Eyn has been named the company’s new chief executive officer. Co-founder Khashy Eyn, who has served as the firm’s chief executive officer since 2005,
ARD Capital Group closes $6.7 million refinance for 24-units
February 11, 2025
Brooklyn, NY ARD Capital Group, the capital advisory and brokerage firm headed by Simon Dilmanian, closed a $6.7 million refinance for a 24-unit multifamily property in Bushwick on behalf of clients Daniel Yaghoubi and Dr. Jeremy Nikfarjam.
BHI serves as senior lender for $99 million loan to renovate 95 Madison Ave.
February 11, 2025
Manhattan, NY BHI, the U.S branch of Bank Hapoalim, B.M. will serve as the senior lender for a $99 million construction loan to renovate the 17-story office building at 95 Madison Ave., also known as The Emmett Building, for residential use. Under the terms,
Riley of Cushman & Wakefield to head Upstate New York Chapter of the Appraisal Institute
February 11, 2025
Syracuse, NY The Upstate New York Chapter of the Appraisal Institute (AI) will be led by Shawn Riley, MAI of Cushman & Wakefield as president for 2025. Other officers include Thomas LaBelle, MAI, AI-GRS as vice president, Robert Chelus, AI-GRS as
Resolution RE finishes 2024 with three back-to-back commercial condo sales
February 11, 2025
Manhattan, NY The commercial condo/co-op sales division of Resolution Real Estate, a member of NAI Global, said goodbye to 2024 with fourth quarter closings of a retail condominium at 5 East 16th St., and two office condominium sales at 32 West
Cresa arranges 10-year lease renewal for S. Rothschild at 1407 Broadway
February 11, 2025
Manhattan, NY Cresa managing principal Peter Sabesan and senior vice president Matthew Feigen have arranged a 10-year lease renewal for S. Rothschild at 1407 Broadway. The firm, which has manufactured men’s, women’s, and children’s luxury coats and outerwear for more than 135 years,
Cronheim Hotel secures $40
million refinance for Chelsean New York
February 11, 2025
Manhattan, NY Beau Williams and Drew Gilligan of Cronheim Hotel Capital (CHC) have secured a $40 million permanent loan on behalf of the Lam Group to refinance the existing debt and capitalize a modernization refresh on the 158-room Chelsean New York Hotel.
Maintaining an “A” is essential - by Shallini Mehra
February 11, 2025
Navigating the real estate scene continues to be no small feat for NYC multifamily landlords. The increasing costs from additional regulations, high interest rates and higher operating expenses continue to tighten the bottom line. When it comes to selling, the market demands nothing short of exceptional property management
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