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DH Property Holdings received a $53.8 million construction loan for the PhilaPort Logistics Center
July 16, 2024
Philadelphia, PA Dov Hertz’s New York-based DH Property Holdings, LLC (“DHPH”) has received a $53.8 million construction loan for the PhilaPort Logistics Center, a 282,250 s/f last-mile warehouse and distribution center, currently under development. Located
Analyzing quarter 1: 2024 sales for New York City - by Robert Khodadadian
July 16, 2024
As we dive into the first quarter of 2024, the latest sales transactions provide a clear picture of the current real estate market in New York City. While the data highlights significant challenges, it also reveals opportunities that we can seize. Here’s a closer
Newmark signs 53,281 s/f of leases at 1040 Avenue of the Americas
July 16, 2024
Manhattan, NY Newmark leased 53,281 s/f of office space at Skyline Developers’ 1040 Avenue of the Americas. This series of leases, initiated since Q1 2024, includes new leases, expansions, extensions and relocations, resulting in 97% occupancy.
Rosenberg & Estis hosts Metropolitan Black Bar Association symposium provides platform for discussio...
July 16, 2024
Manhattan, NY Rosenberg & Estis, P.C., (R&E) celebrating its 50th year, welcomed members of the Metropolitan Black Bar Association (MBBA) as host of its inaugural Elevate & Empower: Black Real Estate Development
The Moinian Group inks 3,000 s/f renewal with Oden Technologies at 10 West 18th St.
July 16, 2024
Manhattan, NY The Moinian Group have signed a 3,000 s/f lease renewal with Oden Technologies, at 10 West 18th St. in the Flatiron district. The company will continue to utilize its 5th floor space at the building
Silverstein Properties names Katz president of Silverstein Capital Partners
July 16, 2024
Manhattan, NY Development firm Silverstein Properties has promoted Shawn Katz to lead its lending platform, Silverstein Capital Partners. Katz takes over from Michael May, who is stepping down from his role as president of the company to pursue
OPEN Impact Real Estate and Pinnacle Realty lease 63,000 s/f to Imagine Me Leadership Charter School...
July 16, 2024
Brooklyn, NY According to OPEN Impact Real Estate (OPEN), Imagine Me Leadership Charter School (IMLCS), a pre-K through eighth grade charter school, signed a 30-plus-year lease for 63,000 s/f building at 39 Truxton St. Stephen Powers, Lindsay Ornstein, and Jake Cinti of OPEN
Q&A: Dain Drake on breaking the status quo on steel procurement at DeSimone Consulting Engineering ...
June 25, 2024
DeSimone Consulting Engineering recently launched a steel procurement service to offer enhanced cost and delivery efficiencies for clients. Principal Dain Drake outlines how this new model of service will have a long-term impact on how the construction
Hudson Gateway Association of Realtors and six other Realtor associations host northeast’s leadin...
July 16, 2024
White Plains, NY The Hudson Gateway Association of Realtors (HGAR), along with six other Realtor associations, recently held their third annual Diversity, Equity & Inclusion (DEI) Summit at the Newark Liberty International Airport Marriott in Newark, NJ.
Watkins and Algarin of The Oak & Avery Group sell 144-unit The Amberlands Apartments - $31 million
July 16, 2024
Croton on Hudson, NY The Oak & Avery Group sold The Amberlands Apartments, a 144-unit multifamily complex. This off-market transaction marks the first sale of the assets since their construction in the 1970s. Anthony Watkins, president, and David Algarin, vice president, represented
Polsinelli and Sachmechi of Compass sell former Bideawee Animal Shelter
July 16, 2024
Manhattan, NY Adelaide Polsinelli, vice chairman of Compass, along with Natalie Sachmechi, also of Compass, sold Bideawee Animal Shelter. Located along the Medical Mile corridor, facing the United Nations, this property, located at 410 East 38th St., has been sold for
JLL represents Rubenstein in 23,000 s/f lease with VESPER at 25 Kent
July 16, 2024
Brooklyn, NY Rubenstein Partners’ 25 Kent, a mixed-use office, retail and light manufacturing building located in Williamsburg, has signed a 15-year, 23,000 s/f lease with La Sirena Events d/b/a VESPER, an event and catering venture created by Room 11 Hospitality.
Avenue Law Firm signs 3,977 s/f office lease expansion at 505 Park Ave.
July 16, 2024
Manhattan, NY Avenue Law Firm has expanded with new headquarters. The firm, founded by managing partner, Peter Zinkovetsky, is relocating from its previous office at 360 Madison Ave. Avenue Law Firm’s new office will provide an ideal environment for the firm’s continued
Stavsky of Stav Equities sells 6,800 s/f walk-up for $2.2 million
July 16, 2024
Bronx, NY A local private investor has purchased a newly-constructed four-story walk-up building at 1232 Fulton Ave., between East 168th St and East 169th St. in the Morrisania neighborhood for $2.2 million. The 6,800 s/f building consists of eight
Getting to the Finish Line in Today’s Market - by Shallini Mehra
July 16, 2024
“R&R” in the current investment property market doesn’t stand for “rest and relaxation” but rather “rates and regulations.” These factors are making it difficult to get an investment property sale across the finish line today.
Vinett joins Savills as vice chairman in the New York City office
July 16, 2024
strong>Manhattan, NY Savills has appointed Scott Vinett as vice chairman in its New York City office. Vinett brings over 20 years of experience in tenant and landlord representation to Savills.
Realtors rally against NYC council bill to halt broker fees on rentals
July 16, 2024
Manhattan, NY Members of the Hudson Gateway Association of Realtors, (HGAR) and the New York State Association of Realtors (NYSAR) addressed the New York City Council, in opposition to City Council Bill Int. 360, which would prohibit real estate brokers and agents
Bright Start, Club Pilates and Glowbar join Jaspera
July 16, 2024
Long Island City, NY According to The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group three new retail leases totaling about 7,600 s/f were signed at Jasper, a $370 million mixed-use development in Hunter’s Point. Along with the 13,800 s/f lease to Dumbo Market announced
Fried Frank Real Estate Dept. together with Project Destined launch real estate law and development ...
July 16, 2024
Manhattan, NY Fried Frank’s Real Estate Department is partnering with Project Destined, a leading social impact platform that provides students with training in financial literacy, entrepreneurship and real estate, to launch a multiweek, virtual program on September 10, 2024
Allied Irish Banks relocating NYC headquarters to Durst’s 825 Third Ave.
July 16, 2024
Manhattan, NY The Durst Organization said that Allied Irish Banks PLC of New York (AIB) is relocating its New York City headquarters taking a full floor at 825 Third Avenue. The Irish bank will occupy 11,054 s/f on the 14th floor of the newly renovated LEED Gold-certified