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Ariel Property arranges $16.5 milliion sale of two multifamily buildings
October 15, 2024
Manhattan, NY Ariel Property Advisors (Ariel) has brokered the sale of two 6-story elevator buildings totaling 109,530 s/f at 226 & 259 West 144th St. in Harlem for $16.5 million. The buildings house 110 residential units and one ground floor commercial unit.
IREON Insights: 10 hiring mistakes that will destroy your business, part 3 of 4 - by Patrick Brosnan...
October 15, 2024
The Problem Has the applicant ever been a defendant in a civil lawsuit? The probability is that they will not volunteer this information; however, this information can often provide significant insight into their character and credibility as well as offering many new leads. Civil transcripts will provide details regarding
Heritage Affordable Communities acquires 242-unit Low-Income Housing Tax Credit portfolio
October 15, 2024
Bronx, NY Heritage Affordable Communities (HAC) acquired 242 Low-Income Housing Tax Credit (LIHTC) units spread across three buildings. This acquisition strengthens HAC’s presence in the NYC affordable housing market and demonstrates the company’s commitment to preserving affordability for communities in need.
Odyssey Retail Advisors names Chambers Powell and Paisner vice presidents of retail
October 15, 2024
Manhattan, NY Odyssey Retail Advisors has expanded its leadership team with the addition of two new vice presidents of retail, Gabriel Paisner and Logan Chambers Powell. Chambers Powell has over a decade of experience and more than 225 retail deals totaling $670 million in transaction
Kanata joins Compass as executive director of New York commercial division
October 15, 2024
Manhattan, NY According to Adelaide Polsinelli, vice chairman of Compass, the firm has added Eric Kanata as an executive director in their New York commercial division. Kanata joins the Polsinelli-Graff team, bringing with him experience in investment sales and leasing.
REBNY and The Durst Organization
celebrate LEED Platinum certification
October 15, 2024
Manhattan, NY The Real Estate Board of New York (REBNY) and The Durst Organization said that the trade association’s office renovation at 570 Lexington achieved LEEDv4 Interior Design and Construction certification at the Platinum level, the highest level of LEED certification.
Question of the Month: The shrinking apartment: A call for creative space solutions
October 15, 2024
Long Island City, NY As New York City’s apartments continue to rise in price and shrink in size — with some newly built units barely exceeding 300 s/f — the efficient use of every available square foot in a building has become more critical than ever. As apartment dwellers continue to participate in lifestyle
Investment Property Realty Group closes eight sales totaling $28.18 million
October 15, 2024
Brooklyn, NY Investment Property Realty Group (IPRG) negotiated eight closings in the last month totaling $28,189,500. • 714 Grand St. sold for $2.15 million. This property is located between Manhattan Ave. and Graham Ave. in Williamsburg. The building offers 4,500 s/f (4,125
Manhattan Skyline welcomes Medium Rare to 488 Third Ave
October 15, 2024
Manhattan, NY Manhattan Skyline Management Corp. has signed a lease with steakhouse Medium Rare to open a new location at 488 Third Ave. in the Murray Hill neighborhood. Situated at the base of Manhattan Skyline’s apartment building Murray Hill Manor, Medium Rare will operate out of a 2,000 s/f
Newmark leases 4,089 s/f to Pura Vida Miami at Rubenstein’s 25 Kent
October 15, 2024
Brooklyn, NY Rubenstein Partners’ 25 Kent in Williamsburg, has signed a 10-year, 4,089 s/f lease with Pura Vida Miami, the all-day café and wellness lifestyle brand. With over 20 locations in South Florida, 25 Kent will be Pura Vida’s second New York location following the brand’s opening at NoMad
Simone Development Companies leases 10,189 s/f medical space to New York-Presbyterian
October 15, 2024
Bronx, NY According to Simone Development Companies, New York-Presbyterian has signed a 10,189 s/f long-term lease at Simone Dev.’s medical office property at 2510 Westchester Ave. Simone Dev. was represented by in-house leasing and legal teams
New York City Council approves Long Island City Business Improvement District expansion
October 15, 2024
Long Island City, NY The New York City Council has officially approved the expansion of the Long Island City Business Improvement District (LIC BID), following a 48-1 vote. This landmark decision comes at the end of a three-year process, allowing the expansion of services to commence on January 1, 2025.
Staying nimble: Adapting and improvising is essential to continued success - by Shallini Mehra
October 15, 2024
At Meridian Capital, we always emphasize the importance of staying nimble in our ongoing success across various fronts, whether financing, leasing, or sales. Dovid Ostrov of Meridian Capital is seeing robust activity with bridge financing for construction deals in the lease-up period. The shorter-term financing allows the
Ahamed of Helmsley Spear leases 800 s/f
October 15, 2024
Manhattan, NY Helmsley Spear, LLC represented Express Printing Copy in a 800 s/f lease at 260 West 39th St. Helmsley Spear’s Showket Ahamed, associate broker, represented the tenant. The company signed a lease for a term of five years with a five-year option to renew. Okada & Co. represented the
Cove Capital Investments fully subscribes its Rogers Business Park Opportunity 73 DST offering in Fu...
October 9, 2024
Fulshear, TX Cove Capital Investments, LLC, a DST sponsor company that specializes in providing accredited investors access to debt-free investment options for their 1031 exchange and direct cash investments, announced its Rogers Business Park Opportunity 73 DST, a Regulation D, Rule 506(c)
New Jamaica residential building honored by Queens Chamber of Commerce
October 15, 2024
Jamaica, NY A new environmentally conscious residential development has been recognized by the Queens Chamber of Commerce as the top sustainable residential building at the Chamber’s 2024 Building Awards, set to take place October 10 at JFK International Airport’s TWA Hotel.
REBNY announces honorees for the 129th REBNY Annual
September 24, 2024
Manhattan, NY The Real Estate Board of New York (REBNY) announced the industry and civic leaders who will be honored at the REBNY Annual, New York City real estate’s signature event, on Thursday, January 16
EV Infrastructure and associated risks for property owners Webinar
September 24, 2024
Manhattan, NY Over the past decade, the global demand for electric vehicles (EVs) has seen exponential growth, necessitating significant infrastructure adaptations to support widespread adoption. One critical
Gridtech company David Energy relocates,
signs new lease for 7,955 s/f at 200 Varick St.
September 24, 2024
Manhattan, NY According to GFP Real Estate, LLC, David Energy (d.b.a. David Energy Systems, Inc.), a technology-driven retail electricity provider (REP) on a mission to run the power grid on
The Broadway Company acquires two manufactured-housing communities, Hillside Village and Sherwood Vi...
September 24, 2024
Long Valley, NJ The Broadway Company (TBC) has acquired two manufactured-housing communities, Hillside Village and Sherwood Village, in Northern New Jersey. Hillside Village is in Oxford, NJ, in Bergen County
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