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Wonder Group and Bleuler sign long-term leases at Heritage Tower

Wonder Group and Bleuler sign long-term leases at Heritage Tower

August 27, 2024
Queens, NY RockFarmer Properties has signed two new long-term leases at Heritage Tower, located at 82-11 37th Ave. in Jackson Heights, totaling 11,199 s/f. The new lease brings the 135,000 s/f mixed-use office building to 95% leased.
Murphy joins Fifth Wall

Murphy joins Fifth Wall

August 27, 2024
Manhattan, NY Devin Murphy has joined Fifth Wall as a senior advisor focused on Fifth Wall’s relationships with its 110 strategic limited partners and the real estate industry.
Rosenberg & Estis promotes attorneys Millington and Floyd

Rosenberg & Estis promotes attorneys Millington and Floyd

August 27, 2024
Manhattan, NY Rosenberg & Estis, P.C. promoted two attorneys. Jeanine Floyd has been elevated from counsel to member, and Stephen Millington has been promoted from associate to counsel.
IREON Insights: 10 hiring mistakes that will destroy your business, part 1 of 4 - by Patrick Brosnan

IREON Insights: 10 hiring mistakes that will destroy your business, part 1 of 4 - by Patrick Brosnan...

August 27, 2024
How do you really know who you’re hiring? How do you know who to trust and what to believe? People with secrets will go to great lengths to hide them. Whether it’s an arrest as a teenager, a stint in rehab, or a bankruptcy they want to forget about. Certain background checks and employer
Cohen of Refined arranges three loans

Cohen of Refined arranges three loans

August 27, 2024
Brooklyn, NY Peter Cohen of Refined closed three loan transactions. These deals consisted of ground-up construction, an acquisition bridge loan and a partner buyout.
Marx Realty signs two leases for MarxReady pre-built suites

Marx Realty signs two leases for MarxReady pre-built suites

August 27, 2024
Manhattan, NY Marx Realty has signed two leases at 10 Grand Central for its MarxRealty pre-built suites, totaling over 6,200 s/f of new office leases at the repositioned midtown tower. TMF Group has signed a 10-year, 3,130 s/f lease on the building’s 9th floor
State of Play leases 10,700 s/f space to open Flight Club

State of Play leases 10,700 s/f space to open Flight Club

August 27, 2024
Manhattan, NY State of Play Hospitality signed a lease in New York City to open Flight Club, an upscale technology-enabled Social Darts concept, at 31 Union Square West. The 10,700 s/f former bank, spanning both the ground floor and basement with a patio on
ATCO Properties & Management inks two lease renewals at 555 Fifth Ave.

ATCO Properties & Management inks two lease renewals at 555 Fifth Ave.

August 27, 2024
Manhattan, NY According to ATCO Properties & Management, current office tenants Telsey Advisory Group (TAG) and Maritime Capital LLC have renewed their leases at 555 Fifth Ave., a 257,000 s/f office building located in Midtown.
Island Assocs. brokers 1,500 s/f lease extension at Strathmore Commons

Island Assocs. brokers 1,500 s/f lease extension at Strathmore Commons

August 27, 2024
Middle Island, NY Island Associates negotiated a long-term lease extension with Capio’s Pizzeria for 1,500 s/f at Strathmore Commons. Capio’s has been a tenant for over 20 years at Strathmore Commons and has agreed to terms for a long-term lease extension
Northgate Real Estate Group to auction 43 unit new-construction building in bankruptcy

Northgate Real Estate Group to auction 43 unit new-construction building in bankruptcy

August 22, 2024
Brooklyn, NY Northgate Real Estate Group, the top bankruptcy, foreclosure & restructuring brokerage firm in New York, has been exclusively engaged to market for sale 2417 Albemarle Rd., under a chapter 11 bankruptcy plan. 2417 Albemarle Rd. is a 38,493 s/f 12-story multifamily building with 43 large residential units and 30 parking spaces in Flatbush.
Bayview PACE closes $3.5 million C-PACE retrofit financing

Bayview PACE closes $3.5 million C-PACE retrofit financing

August 27, 2024
Yonkers NY Bayview PACE closed $3.5 million in C-PACE financing to fund energy efficiency, HVAC repairs and replacements for 66 Main St., a 17-year-old apartment and retail mixed-use property. Commercial Property-Assessed Clean Energy financing
Taylor of Continuum Commercial Realty awarded CCIM designation

Taylor of Continuum Commercial Realty awarded CCIM designation

August 27, 2024
Albany, NY The Upstate New York CCIM Chapter said that a Ryan Taylor, CCIM of Continuum Commercial Realty has been awarded the CCIM designation. This achievement highlights the hard work and dedication of our members in maintaining the highest standards of
Winstanley acquires 30.74 acre industrial parcel

Winstanley acquires 30.74 acre industrial parcel

August 27, 2024
West Coxsackie, NY Winstanley Enterprises LLC has acquired a 30.74-acre parcel featuring 333,386 s/f of class A industrial space located at 1 Van Bergen Ln. Terms of the deal were not disclosed.
Bayport Funding provides $6.5 million acquisition and construction loan

Bayport Funding provides $6.5 million acquisition and construction loan

August 27, 2024
Brooklyn, NY Bayport Funding closed a $6.5 million acquisition and construction loan for a Williamsburg multifamily property. Upon its Q4 2024 completion, the site will be transformed into a six-story, 10-unit property comprising eight residential units and two commercial
Eastern Union arranges $72 million construction financing for 117-unit condo

Eastern Union arranges $72 million construction financing for 117-unit condo

August 27, 2024
Queens, NY Chaim Greenfeld, a vice president with Eastern Union, has secured $72 million in construction financing toward the development of a 117-unit luxury condo in Long Island City.
Lebor, O’Neill and Marks of TerraCRG sell 10,000 s/f industrial property

Lebor, O’Neill and Marks of TerraCRG sell 10,000 s/f industrial property

August 27, 2024
Brooklyn, NY TerraCRG negotiated the sale of the one-story 10,000 s/f block-through industrial property at 7 Knickerbocker Ave. in East Williamsburg. Daniel Lebor, Jackson O’Neill and Dan Marks of TerraCRG exclusively brokered the transaction for a sales price of $7 million
Blackstone expanding/extending lease at Rudin’s 345 Park Ave.

Blackstone expanding/extending lease at Rudin’s 345 Park Ave.

August 27, 2024
Manhattan, NY Rudin made known that Blackstone, is expanding and extending its long-time global headquarters lease at 345 Park Ave. With this agreement, Blackstone is expanding by 250,644 s/f of office space in the Plaza District tower and extending its existing
Real estate transfer methods - by James Ricca

Real estate transfer methods - by James Ricca

August 27, 2024
There are various methods for the transfer of real estate, whether in the context of arm’s length transfers to third parties, or personal family transfers to one’s heirs for estate planning purposes.
SL Green Realty closes on sale of three properties totaling $691 million

SL Green Realty closes on sale of three properties totaling $691 million

August 27, 2024
Manhattan, NY SL Green Realty Corp. closed on the sale of three properties totaling $691.4 million, including 625 Madison Ave., 719 Seventh Ave. and the Palisades Premier Conference Center, which generated net proceeds to the company of $222.7 million that was used for corporate
Mashihi and Kates of Block Real Estate Group sell 665 Degraw St. for $2.6 million

Mashihi and Kates of Block Real Estate Group sell 665 Degraw St. for $2.6 million

August 27, 2024
Brooklyn, NY 665 Degraw St. a multifamily property in Park Slope consisting of three floor-through apartments sold for $2.6 million. The buyer was Aran Scott and the seller was Mindy Gerbush. The deal was closed all cash.