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Benenson Capital Partners completes three strategic promotions
March 12, 2024
Manhattan, NY Benenson Capital Partners (Benenson), one of the nation’s oldest real estate investment, development and asset management companies, has elevated three professionals within its investment and asset management teams as the firm reorganizes
Metropolitan Realty Assocs. leases 75,000 s/f cold storage/freezer distribution facility
March 26, 2024
Bayport, NY According to Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), the company executed a 15-year lease agreement with Bakery Process Solutions for the entire single-story cold storage/freezer facility and distribution center located at 33 Rajon Rd.
Team Betesh arranges $38.25 million in financing for a land acquisition
March 12, 2024
Long Island City, NY Meridian Capital Group has arranged $38.25 million in financing for a land acquisition on behalf of United Construction. The financing was provided by a debt fund and was negotiated by Meridian senior managing director, Morris Betesh
Marcus & Millichap’s IPA Capital Markets Division expands into Canada
March 12, 2024
Toronto, ON According to IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), Jeff Wagner joins as senior managing director, capital markets in Toronto. Wagner has over 20 years of commercial real estate experience
Cronheim secures $6 million permanent financing for 74-unit mid-rise apartment building
March 12, 2024
Hackensack, NJ Cronheim Mortgage has arranged $6 million of long-term financing for the Grand Imperial Apartments, a 74-unit mid-rise apartment building. Andrew Stewart, Dev Morris, and Allison Villamagna placed the loan with Farm Bureau Life Insurance Company
Shawmut Design and Construction advances vital role of women leadership in construction
March 12, 2024
Manhattan, NY Shawmut Design and Construction, a leading $1.6 billion national construction management firm, built on its year-round commitment to workplace equity by hosting impactful programming for Women in Construction (WIC) Week. The firm’s WIC Week activities were curated to align with this year’s theme, celebrating
LKMA welcomes next generation of leadership, adds
services, expands throughout the northeast
March 12, 2024
Brookhaven, NY Among Long Island’s prominent design and engineering firms, L.K. McLean Associates (LKMA) stands out as a success story of longevity, innovation, stability and loyal clients. The venerable engineering
What is a Yellowstone Injunction and when is this relief not available to a commercial tenant? - by ...
March 12, 2024
In New York, when a commercial tenant breaches the terms of its lease, the landlord generally must serve a notice to cure on the commercial tenant to provide the tenant an opportunity to timely cure the default, or face the possibility
Fried Frank relocates to 535 Madison Ave.
March 12, 2024
Manhattan, NY Fried Frank has officially moved into its new Midtown conference center at 535 Madison Ave., a class A office tower in the Plaza District owned by real estate developer and manager Park Tower Group.
Legacy Fund surpasses $1 million in lending capital
March 12, 2024
Tarrytown, NY A month after wrapping up a year-long 40th anniversary celebration, the Leviticus Fund said that its Legacy Fund has surpassed $1 million in lending capital.
Island Assocs. brokers 20,000 s/f lease for Crunch Fitness
March 12, 2024
West Babylon, NY Island Associates negotiated two lease agreements for retail space. Island was able to negotiate a long-term lease extension for Crunch Fitness at 369 Little East Neck Rd. This Crunch Fitness
Rudin inks Kilpatrick Townsend & Stockton to 27,667 s/f at 3 Times Sq.
March 12, 2024
Manhattan, NY Rudin has finalized a lease with Kilpatrick Townsend & Stockton LLP to relocate to 3 Times Sq. The law firm, which will move from its location in the third quarter of this year, will occupy 27,667 s/f
Investment Property Realty Group sells nine units at 305 Tompkins Ave.
March 12, 2024
Brooklyn, NY Investment Property Realty Group (IPRG) brokered the closing of 305 Tompkins Ave. This property is located between Tompkins Ave. and Quincy St. in Bedford–Stuyvesant.
Advent International leases 34,000 s/f office at RFR’s Seagram Building
March 12, 2024
Manhattan, NY Private equity firm Advent International has leased 34,000 s/f of office space at RFR’s Seagram Building. Seagram continues to attract and retain tenants with certain spaces pre-leasing even before they become available.
The Feil Organization signs three leases at 551 Fifth Ave.
March 12, 2024
Manhattan, NY The Feil Organization signed three leases spanning 15,000 s/f at 551 Fifth Ave., also known as the Fred F. French Building. Each lease encompasses the property’s pre-built space
Chopt signs 2,148 s/f lease at One Boerum Place
March 12, 2024
Brooklyn, NY One Boerum Development Partners, led by Avery Hall, has completed a lease at One Boerum Place to Chopt. One Boerum Place is a mixed-use new development
TruArc Partners signs extension at Marx Realty’s 545 Madison
March 12, 2024
>Manhattan, NY According to Marx Realty (MNPP), private equity firm TruArc Partners has signed a seven-year, 10,000 s/f lease extension on the 10th floor at 545 Madison. A Cushman & Wakefield team
ERG Commercial brokers $2.15m sale of 26 units in Fordham
March 12, 2024
Bronx, NY ERG Commercial brokered the distressed sale of a five-story multifamily building in the Fordham neighborhood for $2.15 million. The 26-unit fully rent stabilized building at 54 East 182nd St.
Simone signs UrgentWay to 2,000 s/f lease
March 12, 2024
Bronx, NY According to Simone Development Companies, UrgentWay, a leading provider of walk-in medical services with locations throughout New York City and Long Island, has signed a long-term, 2,000 s/f lease for