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Ariel Property Advisors’ Capital
Services Group arranges two loans
July 16, 2024
East Harlem, NY The Capital Services Group for Ariel Property Advisors (Ariel) arranged two loans totaling over $14 million for an affordable housing complex in New York and an industrial outdoor storage site in Florida. Matt Swerdlow and Matt Dzbanek, both senior directors with Ariel Property
3650 REIT originates $50m loan for completion of 1 Park Row
July 16, 2024
Manhattan, NY 3650 REIT (3650)has originated a $50 million loan to facilitate the completion of and upgrades to 1 Park Row, a 24-story condominium project located at the southern end of City Hall Park, on the border of Tribeca and the Financial District. The loan
Tishman Speyer completes 129,500 s/f of new
leases and expansion at The Spiral
July 16, 2024
Manhattan, NY Tishman Speyer negotiated five lease agreements totaling 129,500 s/f at The Spiral, its West Midtown office tower at 66 Hudson Blvd. HSBC Bank has agreed to expand its 20-year, U.S. headquarters lease at The Spiral to over 300,000 s/f, via a 35,400 s/f expansion
Brownfield Cleanup Program: An underutilized tool on Long Island - by Jesse Hiney and Derek Ersbak
July 16, 2024
Long Island is home to about 15% of New York state’s overall population, but only accounts for about two percent of the state’s overall area. With the small footprint, land is a precious commodity. While development can be seen across the island, there are many properties lying vacant,
JLL sells Baylis 495 Business Park
July 16, 2024
Melville, NY JLL Capital Markets arranged the sale of Baylis 495 Business Park totaling 103,500 s/f. JLL represented the seller, Creation Equity.
Federal Realty signs five tenants at Huntington Shopping Center as redevelopment nears completion
July 16, 2024
Huntington, NY According to Federal Realty Investment Trust, Clothes Horse, European Wax, Pacfe Nails, Häagen-Dazs and Street to Table have all signed leases to join Huntington Shopping Center as part of a $75 million redevelopment program. Also opening
Hunt Corp. Commercial Real Estate Q&A: Caring for a vacant building - by David Hunt
July 16, 2024
Q: We are moving to a new location, and are vacating an industrial building that is currently on the market for sale. It is not practical for us to have an employee stay on site, or regularly travel to the building. Do you have
Fetscher of Great American Brokerage sells former The Salt Grill to Alam
July 16, 2024
Glen Cove, NY Paul Fetscher, CCIM, CRX, CLS, president of Great American Brokerage Inc. brokered the sale of the former 160-seat The Salt Grill at 75 Cedar Swamp Rd. Rehan Alam heads the purchasing restaurant
Forchelli Deegan Terrana grows with addition of Cronin, Harris & Associates
July 16, 2024
Uniondale, NY Jeffrey Forchelli and John Terrana, co-managing partners of Forchelli Deegan Terrana LLP (FDT), said that the attorneys and staff of Cronin, Harris & Associates, P.L.L.C. (CHA), have joined the firm. The addition of CHA to FDT’s existing Tax Certiorari practice group further
McGuire and Crawford of NAI Long Island
negotiate three sales totaling $6.695 million
July 16, 2024
Islandia, NY NAI Long Island negotiated three sale transactions totaling $6.695 million. Senior director Brian McGuire facilitated the sale of a 30,000 s/f industrial building located at 15 Middle Ave., Holtsville. McGuire
NYSCAR Professional Development 2024 Upcoming Courses
July 16, 2024
This session will provide the latest information for New York licensed brokers, managers and agents. NYSAR’s legal counsel, Anthony Gatto, will cover a wide array of legal issues including legal obligations of the licensee and an in-depth look at recent laws, rules, regulations,
Rohlin of Mission Commercial Realty honored as Realtor of the Year for NYSCAR
July 16, 2024
Rochester, NY The New York State Commercial Association of Realtors have named Mark Rohlin of Mission Commercial Realty LLC, as the recipient of the NYSCAR Realtor of the Year award. The award was presented to Rohlin on June 25, at NYSCAR’s 22nd annual conference held
July 2024 NYSCAR president's message: Annual conference a success! - by Robert Strell
July 16, 2024
It was great to see many of you at the annual conference at Rivers Casino in Schenectady, June 24th! The conference, chaired by Mercedes Brien (Rochester) was sponsored by the NYS Commercial Association of Realtors, the Upstate NY CCIM Chapter
McGuire joins NAI Global
July 16, 2024
Buffalo, NY James McGuire said that his commercial real estate services and advisory company has joined NAI Global as a new office under the name NAI McGuire. NAI McGuire offers its clients a range of services.
JF Real Estate leases 1,300 s/f to Cake Bar
July 16, 2024
Syracuse, NY Duyen Nguyen, owner of Cake Bar, leased a 1,300 s/f retail space in the White Memorial Building, 108 E Washington, formerly occupied by 210 Teas. JF Real Estate, represented the landlord,
Phillips of Largo Real Estate arranges
$6.3m first mortgage
July 16, 2024
Buffalo, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., has secured a $6.3 million permanent first mortgage to refinance two multi-tenanted industrial buildings. Both are located near the Buffalo Niagara International Airport
Cowing of C&W/Pyramid Brokerage Co. Buffalo brokers sale of 129,344 s/f industrial facility
July 16, 2024
Cheektowaga, NY 1370 William Street Property LLC has purchased 3500 Genesee St., from Niagara Chocolates Inc. for $6.5 million. The 129,344 s/f industrial warehouse building is on 8.6 acres.
Roth, Snyder and Murphy of University Hill Realty facilitate $8.871 million sale of Temple Concord s...
July 16, 2024
Syracuse, NY University Hill Realty Ltd. brokered the sale of the historic Temple Concord site at 910 Madison St. The property was sold for a total of $8,871,667, marking a milestone in the local real estate landscape.
Navigating new legislation: BOMA New York’s insight on CRE safety and economic growth - by Patric...
July 16, 2024
Recent legislative developments are poised to redefine safety standards and economic growth in the dynamic commercial real estate landscape of New York City. As an advocate for the CRE industry, BOMA New York is deeply invested in understanding and navigating these changes, ensuring they serve the best interests of the community and the commercial real estate market.
IREM NYC webinar and meet n’ greet - July 10, 2024
July 16, 2024
Manhattan, NY On July 10th, IREM NYC hosted complimentary webinar: Get the Lead Out! Complimentary webinar by IREM NYC industry partner Neal Altman of NAJO delivered an update on NYC HPD's Lead-Based Paint inspection requirements and dove into the intricacies of Local Law 31, specifically outlining the upcoming August 2025 deadline for XRF inspections in buildings constructed before 1960.