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Strobel joins DeSimone Consulting Engineering as senior associate
September 24, 2024
Manhattan, NY DeSimone Consulting Engineering has welcomed industry wind engineering expert, Kurt Strobel, P.E., as senior associate. Strobel will lead and expand DeSimone’s services related to wind engineering and structural dynamics — including vibration analysis,
BOMA New York selects 42 nominees for upcoming Pinnacle Awards
September 24, 2024
Manhattan, NY The Building Owners and Managers Association of Greater New York (BOMA New York) has chosen a total of 42 nominees across 17 categories for its upcoming annual Pinnacle Awards celebration at Pier Sixty on Thursday, September 26, 2024 beginning at 5:30 PM. The
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Pasqualini breaks ground on 13,000 s/f
renovation and expansion of Le Setai resort space
September 24, 2024
Hawthorne, NY After being vacant six years, the old Gasho of Japan space on Saw Mill River Rd. has a new owner. Michael Pasqualini, an entrepreneur with experience in the restaurant and hospitality industry, has purchased the 2.8-acre estate and broke ground
Center for Architecture to commence Built by New York October 1st
September 24, 2024
Manhattan, NY The Center for Architecture is presenting the Built by New York, opening Tuesday, October 1, 2024 at 6:00 p.m. Past, current, and future work from members of AIA New York, AIA Brooklyn, AIA Bronx, AIA Staten Island, and AIA Queens will take over three floor
JT Magen completes 32,000 s/f
private space - Paramount Club
September 24, 2024
Manhattan, NY JT Magen, construction firm, has delivered the Paramount Club, a 32,000 s/f, private space on the concourse level of 1301 Avenue of the Americas that is open to all corporate employees of any tenant within Paramount’s New York portfolio.
RXR and LRC Construction top out housing, academic
and office space; design by Perkins-Eastman
September 24, 2024
Brooklyn, NY RXR, alongside LRC Construction, celebrated the topping out of 89 Dekalb Ave., a 324-unit, mixed-use development on August 7, 2024. The all-electric tower will deliver 324 multifamily units with 98 designated for middle-income housing
Brennan and Ellis of Marcus & Millichap sell 48-unit building for $6 million
September 24, 2024
Brooklyn, NY Marcus & Millichap brokered the sale of a 48-unit apartment property for $6 million. “Despite a noticeable market adjustment with rent-stabilized apartment buildings since 2019, there is still a healthy appetite
Newmark and Greystone secure $560m refi. on behalf of Ares Mgmt. and Douglaston Dev. for 3ELEVEN
September 24, 2024
Manhattan, NY Newmark Group, Inc. and Greystone Capital Advisors have arranged $560 million in floating-rate debt on behalf of Ares Management and Douglaston Development for 3ELEVEN, a 60-story, 938-unit luxury apartment tower located south of Hudson Yards district.
Gammino and Donahue of Lee & Assocs. sell 75 Pierrepont St. for $6.8 million
September 24, 2024
Brooklyn, NY Lee & Associates NYC has completed the $6.8 million sale of 75 Pierrepont St., a 25,800 s/f, six-story, rent stabilized, residential building in Brooklyn Heights at a 6.2% cap rate. Thomas Gammino and Patrick Donahue from Lee & Associates NYC repr
Koeppel Rosen leases 11,000 s/f at 389 Fifth Ave.
September 24, 2024
Manhattan, NY Koeppel Rosen LLC announced the latest wave of tenant leases at 389 Fifth Ave., a mix of office, retail, and specialty spaces. The 140,000 s/f building continues to attract a range of businesses. For Koeppel Rosen LLC, Max Koeppel negotiated the new office
Houlihan Lawrence Commercial sells two properties totaling $2.8 million
September 24, 2024
Tarrytown, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, negotiated the sale of two commercial properties totaling $2.8 million. 100 White Plains Rd., a 6,768 s/f Federal style office building was purchased by a
Developer’s thoughts to the recent changes to the NYS Rent Laws - by Francis Greenburger
September 24, 2024
The recent changes to the NYS Rent Laws regarding rent stabilized apartments, included in the 2024 budget legislation and signed into law by governor Hochul, are a step in the right direction. Unfortunately, the step is so small that the effect will be the same as standing still.
The CSC Organization holds second Networking & Learn event at Porcelanosa
September 24, 2024
Manhattan, NY On September 12th, The CS Organization in collaboration with Porcelanosa hosted its second Network & Learn event. The event was held at Porcelanosa’s 202 Fifth Ave. store and had over 50 guests from many facets of the real estate
Alex Mill leases 1,752 s/f
September 24, 2024
Manhattan, NY Fashion brand Alex Mill has signed a lease at Rockefeller Center, slated to open holiday season 2024. Alex Mill’s new location at 1 Rockefeller Pl. will be the brand’s third brick and mortar store and span 1,752 s/f.
TF Cornerstone signs lease with Warby Parker
September 24, 2024
Manhattan, NY TF Cornerstone (TFC) negotiated a new lease signing with Warby Parker at the ground floor of The Fairfax at 69th St. and 3rd Ave. The eye care lifestyle brand opened its doors at The Fairfax in August.
The Feil Organization renews 11,300 s/f lease with Jonathan Rose Cos. at 551 Fifth Ave.
September 24, 2024
Manhattan, NY The Feil Organization has signed an 11,300 s/f renewal with Jonathan Rose Companies at 551 Fifth Ave. The deal extends their lease on the 23rd floor for 10 years.
Control provisions in mezzanine loans - by Thomas Kearns and Sari Kreutzer
September 24, 2024
Mezzanine loans are loans secured by a pledge of the membership interests in the property owner or its 100% owner. Over the last couple of decades mezzanine loans have revolutionized the lending market by permitting a property owner to obtain both a mortgage on the real estate and a
Central Construction nears completion of façade restoration at 30 Broad St.
September 24, 2024
Manhattan, NY Central Construction is finishing an all-encompassing project at the historic Financial District office tower, 30 Broad St. For nearly two years, the work on the 50-story building has encompassed extensive corner and parapet rebuilding, structural steel
Two Trees Management and KSR lease 16,761 s/f to Aveda Arts & Sciences Institutes at 35 Pearl St.
September 24, 2024
Manhattan, NY Aveda Arts & Sciences Institutes will relocate its campus from SoHo to 16,761 s/f in DUMBO in the summer of 2025. The deal was brokered in house by Alyssa Zahler and Jarad Winter of Two Trees, and Eli Yadid of KSR represented
Denham Wolf and CBRE lease 20,000 s/f to The New School at 151 Bank St.
September 24, 2024
Manhattan, NY According to Westbeth Artists Housing, the artists housing complex in the West Village, The New School signed a 10-year lease to remain in its 20,000 s/f space. The School of Drama at The New School has been located within Westbeth’s complex