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The Broe Group and Hudson Valley Parking Trust acquire ICON Parking
August 13, 2024
New York, NY The Broe Group, a multi-billion-dollar, privately-held investment company with holdings in strategic markets across the United States, has joined Hudson Valley Parking Trust to acquire 100% of New York City’s largest parking company, ICON Parking. Led by industry
Q2 2024 CRE market snapshot shows signs of rebound - by Robert Khodadadian
August 13, 2024
In the second quarter of 2024, the commercial real estate (CRE) market displayed encouraging signs of recovery. Despite ongoing challenges such as fluctuating occupancy and rental rates, price uncertainty, and high operational and financing costs, the market demonstrated
Goldblum and Young join The Feil Organization
August 13, 2024
Manhattan, NY Jordan Goldblum and Kyle Young have joined The Feil Organization, as director of retail leasing and director of commercial leasing, respectively. They will amplify leasing efforts for the firm’s retail and commercial portfolios across the five boroughs, Long Island,
Retail by Mona leases 4,000 s/f to Cadar
August 13, 2024
Manhattan, NY According to Retail by MONA, jewelry brand Cadar has signed a long-term lease in the Meatpacking District at 875 Washington St. This is MONA’s third long-term lease at 875 Washington St. following Breitling’s lease of the corner space
SL Green Realty signs new 10,820 s/f lease with Willow Tree Credit Partners
August 13, 2024
Manhattan, NY SL Green Realty Corp. has signed a new five-year, 10,820 s/f lease with Willow Tree Credit Partners covering the entire 29th floor at 450 Park Ave.
SCALE Lending and Harel Finance form lending platform partnership
August 13, 2024
Manhattan, NY SCALE Lending, the debt financing arm of Slate Property Group, has formed an initial partnership with Harel Finance to support the deployment of construction and bridge loans on multifamily and condo projects in the United States
Daiwa Capital Markets America inks 44,100 s/f lease at Mitsui Fudosan America's 1251 Avenue of the A...
August 13, 2024
Manhattan, NY Daiwa Capital Markets America Inc. (DCMA) and Mitsui Fudosan America (MFA) said that financial services company DCMA has signed a 20-year lease for 44,100 s/f spanning the 49th floor of 1251 Avenue of the Americas. DCMA will relocate its New York headquarters
Regional Plan Association recognizes Google’s St. John’s Terminal
August 13, 2024
Manhattan, NY Each fall Regional Plan Association (RPA) hosts the “Celebrate the Tri-State” benefit, bringing together civic, business, public and elected leaders to recognize three outstanding contributors to the region’s public realm and support
Central Construction forms rope access services division
August 13, 2024
New York, NY Central Construction has formed Central Access, a new division providing rope access services for buildings of all sizes and complexities. The group is headed by T.J. Lueddeke, a Society of Professional Rope Access Technicians (SPRAT) certified professional
Adler of Rand Commercial sells 4.88 acre site for $3.25 million
August 13, 2024
Garnerville, NY Rand Commercial negotiated the sale of a development assemblage on West Ramapo Rd., aka NYS Rte. 202, Rockland County. An assemblage of five separate tax lots along Ramapo Rd. sold for $3.25 million. The seller
Commercial real estate takes to podcasting - by Harry Zlokower
August 13, 2024
“Although they’ve been around for about 20 years now, podcasts seem to have exploded in popularity over the last few years,” notes Susan Lichtman, associate professor of mass communication at Miami Dade College Homestead Campus. “Statista estimates that some 70 million
Hercules Mulligan opens 800 s/f tasting room at 220 Front St.
August 13, 2024
Manhattan, NY Hercules Mulligan, a bespoke, ready-to-serve cocktail and spirits brand named for the tailor, spy, and unsung hero of the American revolution, will open its first taproom at The Durst Organization’s historic Front St., located at 220 Front St. in the South
Schertz of Schuckman Realty completes $25.2m sale of multi-family buildings in Harlem
August 13, 2024
Manhattan, NY Schuckman Realty brokered the sale of two multi-family buildings located at 111 and 148 W 141st St. The sale closed on July 18, 2024, with a sale price of $25,210,891.
Lionheart Strategic Mgmt. and Apollo Global Mgmt. provide $129.6m in funding for Madison Realty Capi...
August 13, 2024
Manhattan, NY Lionheart Strategic Management LLC (Lionheart), an affiliate of Fisher Brothers that manages capital on behalf of third-party investors, provided a $27.6 million loan to Madison Realty Capital for the ground up construction of 644 East 14th St., a 24-story multi-
Watkins and Algarin of The Oak & Avery Group sell 48-unit multifamily for $8 million
August 13, 2024
Pleasant Valley, NY The Oak & Avery Group negotiated the sale of Pleasant Valley Estates, a 48-unit multifamily complex. Anthony Watkins, president, and David Algarin, vice president, represented the seller and the buyer in the $8 million all-cash transaction.
JLL completes 151,169 s/f industrial
lease for Ranger Design
August 13, 2024
Webster, NY JLL has completed a 151,169 s/f industrial lease for Ranger Design at 700 Resende Rd., a two-building property that was part of the former Xerox campus. JLL represented the landlord, locally based Tessy Plastics Corp., which acquired
United Group breaks ground on new mixed-use development
August 13, 2024
Troy, NY United Group developers were joined by city and state officials, development partners, business leaders and more to celebrate the start of the construction for City Station North II, LLC, downtown’s mixed-use, class A development consisting of multi-family apartments
Time Equities acquires 44,635 s/f Big Flats Commons from NNN REIT for $6.5 million
August 13, 2024
Elmira, NY Time Equities, Inc. (TEI) acquired Big Flats Commons, a 44,635 s/f shopping center located at 950 Rte. 64, from NNN REIT, a real estate investment trust, for $6.5 million. “In a strategic move aimed at expanding our presence in underserved
August 2024 New York State Commercial Assn. of Realtors president’s message - by Robert Strell
August 13, 2024
Many thanks to Katheryn DeClerck who taught “Realtor Hunger Games” in July. Katheryn kept the participants very engaged and the course fulfilled the two hour requirement for implicit bias training to renew your New York real estate license. We have two upcoming courses, via Zoom
Vivian of Largo Capital secures permanent first mortgage to refinance extended stay property for $7....
July 30, 2024
Warminster, PA Katie Vivian, hotel loan originator at Largo Capital, Inc. secured a permanent first mortgage to refinance the existing debt on an extended stay property, Home2 by Hilton, for $7.3 million. The 106-key hotel has consistently outperformed its competitive