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Cleeman Realty completes successful off-market sale of net lease Winn Dixie
September 10, 2024
Chalmette, LA Cleeman Realty Group is pleased to announce the off-market sale of a single tenant Winn Dixie Supermarket. The 56,912 s/f building is located at 3300 Paris Rd. The Winn Dixie is part of a larger center called Park Plaza Shopping Center
Crystal Canada meets with MP Vuong on manufacturing
September 10, 2024
Toronto, ON Leading Toronto area window manufacturer Crystal Canada, an affiliate of US manufacturer Crystal Window & Door Systems, recently was invited by Kevin Vuong, Canadian Member of Parliament (MP), to discuss business challenges and possible government programs
Vita Coco sign 22,530 s/f office lease at 111 Fifth Avenue
September 10, 2024
Manhattan, NY In a transaction arranged by CBRE, Vita Coco, a publicly traded American beverage company (NASDAQ: COCO) and the largest brand globally in coconut/plant waters, has signed a 22,530 s/f office lease at 111 Fifth Avenue. Vita Coco will relocate
Institutional Property Advisors brokers $95 million multifamily sale
September 10, 2024
Simi Valley, CA Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), has completed the sale of The Landing at Arroyo, a 212-unit multifamily property. The asset traded for $95 million, or $448,113 per unit
Vivian of Largo Capital secures financing for 92-room hotel
September 10, 2024
Warminster, PA Katie Vivian, hotel loan originator of Largo Capital, secured a permanent first mortgage to refinance the existing debt on a 92-room Holiday Inn Express & Suites. Vivian utilized one of Largo’s trusted lending partners to arrange a five-year
The Cotocon Group launches Carbon Shield energy monitoring platform
September 10, 2024
Hicksville, NY The Cotocon Group has launched a new mobile app, the Carbon Shield, an energy monitoring platform designed to help building owners, managers, and board members oversee their carbon usage in real-time. The mobile app from one of New York City’s leading sustainable consulting firm
Vestian present new global brand identity
September 10, 2024
Chicago, IL Vestian, a leading global corporate real estate services firm, has launched its new brand identity. This rebrand reflects the company's rapid international growth
September 2024 NYSCAR president’s message - by Robert Strell
September 10, 2024
The New York State Commercial Association of Realtors will hold their annual meeting on September 30, 2024, 10:00 am at the Turning Stone Resort and Casino in Verona. All NYSCAR members are invited to attend to hear updates from the NYSCAR officers and chairs of the various committees and to elect board members.
Empire Commercial Construction nears completion of new 1,600 s/f Tim Hortons restaurant site
September 10, 2024
Hornell, NY Empire Commercial Construction is well underway with the construction contract for Tim Hortons. Empire partnered with RBI franchisee and regional developer, TAR Holdings out of Jamestown, as well as Mosure LLC and MS Consultants for all architecture and engineering of the 1,600 s/f restaurant
Toyota Material Handling North America and The Raymond Corp. expand energy solutions operations in ...
September 10, 2024
Kirkwood, NY The Agency said that The Raymond Corp., a leader in material handling equipment and intralogistics solutions, continues to deepen its roots in the Southern Tier of New York. Through Toyota Material Handling North America (TMHNA), comprised of two main companies Toyota Material Handling, Inc. and The Raymond Corp.
LaDuke of CBRE Upstate NY earns SIOR designation
September 10, 2024
Syracuse, NY Cory LaDuke of CBRE Upstate NY has earned the SIOR designation awarded by the Society of Industrial and Office Realtors (SIOR). LaDuke is a licensed associate real estate broker with nine years of experience advising business owners and investors across Upstate New York with their commercial real estate needs.
Struzzi joins Cushman & Wakefield | Pyramid Brokerage as R.E. salesperson
September 10, 2024
Albany, NY Michael Struzzi has joined Cushman & Wakefield|Pyramid Brokerage Co. as a real estate salesperson. Struzzi brings experience in talent acquisition, sales, and a foundation in commercial real estate.
Phillips of Largo Real Estate Advisors closes
$9.3m first mortgage for 97,740 s/f plaza
September 10, 2024
Orange County, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., secured a $9.3 million permanent first mortgage with earn-out to refinance a 97,740 s/f grocery anchored retail plaza including two outparcels. The property is 85% leased with additional leasing pending.
Rosewood Realty sells 275 Park Ave.
September 10, 2024
Brooklyn, NY Rosewood Realty Group has brokered the sale of a mixed-use building consisting of 123 apartments and five commercial spaces. The seven-story elevator building at 275 Park Ave. was built in 1920 and renovated in 2024.
Slate Property Group secures $210m refinancing for transitional and affordable housing portfolio
September 10, 2024
New York, NY Slate Property Group, in partnership with Fundamental Advisors, closed on a $210 million refinancing for the joint venture’s Transitional and Affordable Housing Portfolio. The transaction was designated as a Social Bond and was made possible by Freddie Mac in a first-of-its kind engagement
StubHub signs 100,000 s/f
sublease at 4 World Trade Ctr.
September 10, 2024
Manhattan, NY Savills represented StubHub, in a sublease totaling 100,000 s/f at Silverstein Properties’ 4 World Trade Center. Savills facilitated StubHub’s sublease, allowing StubHub to immediately take possession of one floor in the location.
Moore and O’Toole of Lee & Associates NYC sell 10,395 s/f retail/office for $6.5m
September 10, 2024
Manhattan, NY Lee & Associates NYC completed the $6.5 million sale of 150 West 36th St., a 10,395 s/f retail and office commercial building in the Garment District. Stephanie Moore and Catherine O’Toole from Lee & Associates NYC represented the buyer and seller in this transaction.
Ariel Property Advisors hosts Coffee and Cap Rates event
September 10, 2024
Manhattan, NY Ariel Property Advisors (Ariel) presented its mid-year Coffee and Cap Rates event on July 31st, sharing the latest trends in investment sales market and capital services in New York City. The event was hosted by TD Bank.
Kay Properties & Investments unveil
1031 DST Digest magazine
September 10, 2024
New York, NY Kay Properties & Investments, a national leader in Delaware Statutory Trust equity placements and 1031 exchange investor education, has published its exclusive 1031 DST Digest magazine. This specialized publication is crafted to offer in-depth education on 1031 exchange
Marchese and Choudhury join Cassin & Cassin
September 10, 2024
Manhattan, NY Samuel Marchese and Farhana Hassan Choudhury have joined Cassin & Cassin LLP. Marchese has joined the firm as a partner. Choudhury joins the affordable housing and agency lending practice as an associate. Marchese joins Cassin from a New York-based law firm, where he served as partner. He brings with him substantial experience in representing property owners, developers, purchasers,