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Marcus & Millichap arranges $4.65 million sale of Walgreens site
September 10, 2024
Amityville, NY Marcus & Millichap brokered the sale of a Walgreens property for $4.65 million. “This location’s lease was recently extended for an additional 12 years, showing the tenant’s commitment to the submarket,” said
Metropolitan Realty Assocs. and TPG Angelo Gordon sell 5-building industrial portfolio for $96 milli...
September 10, 2024
Bayshore, NY Metropolitan Realty Associates LLC (MRA), in partnership with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, has completed the sale of a five-building industrial portfolio located in Suffolk County, Long Island,
Crescent College and Career Preparatory Academy expands to 66,000 s/f facility
August 27, 2024
Southfield, MI According to OPEN Impact Real Estate (OPEN), a leading woman-owned commercial real estate services company specializing in nonprofit and impact real estate, Crescent College and Career Preparatory Academy, a charter school network, has
Loeb Enterprises signs 18,056 s/f lease renewal at 712 Fifth Avenue
August 27, 2024
Manhattan, NY In a transaction arranged by CBRE, Loeb Enterprises, a venture collective and entrepreneurial hub that supports innovative companies from seed investment through execution and exit, has signed an 18,056 s/f lease renewal at 712 Fifth Ave. The firm, which
JLL leases over 40,000 s/f at 680 Fifth Ave
August 27, 2024
Manhattan, NY JLL has leased over 40,000 square feet at Josef Buchmann’s 680 Fifth Ave. in the Plaza District, including a 18,800 s/f lease for investment management firm Christofferson, Robb & Company (CRC). Situated nearby Central Park, the 27-story, 205,000 s/f building
Cronheim arranges $20 million life-co financing for Shopping Center
August 27, 2024
Clifton, NJ Cronheim Mortgage has secured $20 million for the refinancing of the Styertowne Shopping Center, a 236,000 s/f grocery-anchored retail property. Andrew Stewart, Dev Morris, and Brandon Szwalbenest of Cronheim Mortgage placed the financing with Reinsurance
TruAmerica Multifamily secures new equity in multifamily communities totaling nearly $150 million
August 27, 2024
Los Angeles, CA TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, has completed $146.7 million in asset recapitalizations in two U.S. markets. The transactions include Tesoro Ranch Apartments, a 400-unit community in the Las Vegas
Waterfront restaurant Blue Anchor Bar + Kitchen now open in Newport
August 27, 2024
Newport, NJ According to LeFrak Commercial, Newport Associates Development Company and the owners of Downtown Brooklyn’s Japanese restaurant Teppan Territory, the opening of Blue Anchor Bar + Kitchen, the newest culinary offering to debut in
Burgdorf of Capstone closes $1.3 million sale of 7-unit multifamily property
August 27, 2024
Denver, CO Capstone has closed the sale of 3733 Decatur St, a 7-unit multifamily property for the sale price of $1.3 million. Christian Burgdorf of Capstone brokered the transaction
BKM Capital Partners executes $110 million recapitalization with global investment manager
August 27, 2024
Newport Beach, CA BKM Capital Partners (BKM), a vertically integrated institutional fund manager, has executed a $110 million recapitalization of a five-property light industrial portfolio. The transaction also marks an expansion of BKM’s partnership
Coordination, Communication, and Planning Failures: Unraveling the attempted assassination of Donald...
August 27, 2024
The attempted assassination of former President Donald J. Trump on July 13, 2024, was one of the most shocking acts of political violence since the 1981 shooting of President Ronald Reagan. Captured on video, the attempt was thwarted not by the robust security contingent but by sheer luck
CIBS Designation graduates Class of 2024
August 27, 2024
Melville, NY The Commercial and Industrial Brokers Society of Long Island (CIBS) celebrates the first graduating class of the CIBS Designation program, a new designation that includes only the most qualified and experienced brokers throughout Long Island
Elevating careers in commercial real estate: The power of professional development with BOMA NY - by...
September 10, 2024
In today’s dynamic commercial real estate industry, continuous professional development is essential for staying relevant and effective throughout every stage of one’s career. The ever-evolving nature of the industry demands that professionals at every level continually hone their skills, expand their knowledge, and stay ahead of emerging trends. Recognizing this need, BOMA NY
Welcome IREM’s new industry partners
September 10, 2024
New York, NY BlueTeam, a U.S.-based service provider specializing in commercial restoration, construction and roofing.
IREM NYC has a lot going on this fall!
September 10, 2024
Bronx, NY On Saturday, September 14th IREM is headed to Forest Houses Eco-Hub in the Bronx to volunteer with Green City Force (GFC), an organization that enlists and trains young people from low-income housing communities for a new and more equitable green economy. GFC equips young people with the tools to change the trajectory of their lives and access good jobs.
PWC NY Salutes Women of Achievement in AEC Industry
September 10, 2024
Manhattan, NY The New York Chapter of Professional Women in Construction (PWC NY) will hold its annual Salute to Women of Achievement, which honors professionals at the highest levels of the AEC industry, on Wednesday, September 18th. The dinner will take place in NYC at The View at Battery Park from 5:30pm-8:30pm. The honorees are selected for their impressive career accomplishments
New York City announces updates to Local Law 126: Mandatory parking garage inspections - by Joe DiPo...
September 10, 2024
New York City has officially announced updates to Local Law 126, which mandates regular inspections of parking garages across the five boroughs. As part of the city’s ongoing effort to ensure structural safety and protect the public, the revisions focus on inspection frequency, reporting requirements, and the qualifications of licensed engineers involved in these assessments.
Seven software features New York property owners and managers should look out for - by Miguel Lopes...
September 10, 2024
Tired of tech that doesn’t cater to the unique needs of New York real estate? You’re not alone. This article will cover seven ways software can make property management challenges a thing of the past. 1. Simplify charge codes Many property managers struggle to clearly delineate charges, such as defining legal rent versus preferential rent credits.
The vision and “back story”: What NYC can still learn from the development of the NY Marriott at...
September 10, 2024
Recently, the NY Marriott At The Brooklyn Bridge celebrated the 25th anniversary of its grand opening. While today there are many vibrant hotels throughout Brooklyn, just over a quarter century ago, to many, the idea of hotel development in Brooklyn was a lot more far-fetched. The notable exception was real estate developer Joshua Muss and Muss Development,
Taconic Partners and National Real Estate Advisors launch leasing at The Ellery
September 10, 2024
Manhattan, NY Taconic Partners and National Real Estate Advisors have launched leasing at The Ellery, a new luxury rental residential offering at 312 West 43rd St. Reaching 32 stories high, the development spans two connected towers. Designed by Handel Architects, The Ellery features 330 studio to two-bedroom luxury residences with sun-lit layouts and far-ranging views of the city and the Hudson River even on the lower floors.