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Realterm acquires 32-door truck terminal on five-acres at 80 W Nyack Rd. in Nanuet
February 13, 2024
Nanuet, NY Realterm has added to its transportation logistics real estate portfolio with the acquisition of 80 W Nyack Rd., a 32-door truck terminal. The low-coverage property is on five acres.
Bayport Funding provides $7.75m bridge loan for four-unit apartment building
February 13, 2024
Brooklyn, NY Bayport Funding provided a $7.75 million bridge loan to support the refinancing of a mixed-use property in Boerum Hill. Located on Atlantic Ave., this four-family apartment will include ground-floor retail and stand at six stories tall. It also
Banner year for Yonkers IDA voting financial incentives for projects representing $802 million
February 13, 2024
Yonkers, NY The Yonkers Industrial Development Agency (IDA) continued its key role as a force in the borough’s economic renaissance with another record year of voting approvals of financial incentives for residential and commercial projects representing
Bilt Rewards receives $200 million equity investment; Chenault named chairman of board
February 13, 2024
New York, NY Bilt Rewards (Bilt) received a $200 million equity investment, led by General Catalyst, with contributions by Eldridge, alongside existing investors Left Lane Capital, Camber Creek and Prosus Ventures. This puts the company’s valuation to $3.1
Development Site Advisors opens enrollment to training program
February 13, 2024
Manhattan, NY Development Site Advisors opened its enrollment for its Development Site Academy class, set to kick off this spring. Graduates will jump-start their CRE brokerage careers while setting themselves apart from other brokers.
The Feil Organization completes $23.5 million refinancing of Home Depot Shopping Center
February 13, 2024
Elmont, NY The Feil Organization completed a $23.5 million refinancing of Home Depot Shopping Center provided by Principal Asset Management. Estreich & Company represented the Feil Organization in the transaction. “We are pleased to have secured this refinancing for Home Depot
BOMA NY elects new officers with Dolan of The Durst Organization as chair
February 13, 2024
Manhattan, NY BOMA New York, the city’s most influential commercial real estate trade organization, is proud to announce that Patrick Dolan, RPA, senior property manager at The Durst Organization and head of operations at One World Trade Center is the new chair of BOMA New York.
IREM NYC hosts Accredited Residential Manager education course
February 13, 2024
Brooklyn, NY IREM NYC hosted an Accredited Residential Manager (ARM) educational track at Long Island University January 29 to February 2. Eighteen students learned the many different aspects of being an effective residential property manager
Can communications help spur market revival? - by Harry Zlokower
February 13, 2024
During a recent walk on the Brooklyn Promenade — its memorable skyline of downtown and Midtown Manhattan in full view — I wondered how things will turn out in New York’s latest and arguably most severe commercial real estate crisis in history.
IREM NYC 2024 Annual Dinner & Awards to honor Dawning RE
February 13, 2024
Manhattan, NY Dawn Carpenter, CPM has a lot to celebrate. This year marks the 25th anniversary of her company, Dawning Real Estate, a full service property and asset management firm located in Staten Island. Dawning Real Estate is also being honored as IREM NYC’s AMO
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PWC New York hosts panel at New York Build 2024 Expo
February 13, 2024
Manhattan, NY PWC New York Chapter is partnering with the New York Build for their annual New York Build Expo on Tuesday, February 13 and Wednesday, February 14. Attendees gain access to speakers across 13 conference tracks, AIA CES workshops, exhibitors,
Pratt Institute leases 62,570 s/f
at BXP and Rudin’s Dock 72
February 13, 2024
Brooklyn, NY BXP and Rudin have released that Pratt Institute, an internationally ranked, private college with programs in art, design, architecture, liberal arts and sciences, and information studies, will relocate its graduate facilities in fine arts and photography to Dock 72
Wren Kitchens and Penn Fabricators form partnership
February 13, 2024
Medford, NY Wren Kitchens and Penn Fabricators have formed a collaboration, a transformative endeavor aimed at revolutionizing commercial kitchen and bath solutions across New York City and Long Island.
Innovo Property Group unveils 330,000 s/f Borden Studios to be operated by MBS Group
February 13, 2024
Queens, NY Innovo Property Group (IPG) unveiled its purpose-built film and television studio, Borden Studios. Occupying the top floors of The Borden Complex, at 23-30 Borden Ave. in Long Island City, the studio offers a ground-level facility with direct, drive-up access and parking
Evercore expands by 95,000 s/f at Fisher Brothers’ Park Ave. Plaza
February 13, 2024
Manhattan, NY Fisher Brothers said that Evercore has expanded its presence by 95,000 s/f across floors 39 through 41 at Park Ave. Plaza. Growing its existing footprint by nearly 25%, Evercore will now occupy over half a million s/f. The midtown tower remains
Portal Warehousing opens newest location at The Whale - 58,500 s/f
February 13, 2024
Brooklyn, NY Portal Warehousing, a leading provider of flexible co-warehousing solutions, is opening its new location in Sunset Park, at The Whale, a historic building. This expansion reflects Portal’s commitment to supporting the growing demands of e-commerce and logistics for small businesses
Del Frisco’s Double Eagle renews lease
at 1221 Avenue of the Americas
February 13, 2024
Manhattan, NY According to Rockefeller Group, property developer and owner of 1221 Avenue of the Americas in Rockefeller Center, Del Frisco’s Double Eagle Steakhouse has renewed its lease for an additional 20 years.
Ariel Property Advisors arranges $26 million
sale of 237-unit 1500 Noble Ave.
February 13, 2024
Bronx, NY Ariel Property Advisors (Ariel) negotiated the $26 million sale of a 237-unit high-rise multifamily building at 1500 Noble Ave. An Ariel team comprised of Victor Sozio, founding partner; Shimon Shkury, president and founder; Jason Gold,
Monadnock Development completes
300 Huntington - 136,000 s/f
February 13, 2024
Brooklyn, NY Monadnock Development has completed 300 Huntington, a six-story, 136,000 s/f mixed-use commercial development in Gowanus/Carroll Gardens, and the neighborhoods’ only new ground-up office/commercial building.
Great expectations: Crafting the ideal New York renter lifestyle - by Sarah Yaussi
February 13, 2024
Whether you’re a multifamily developer planning the next great neighborhood, an owner looking to maximize a property’s performance, or a property manager seeking to create an exceptional experience for residents, understanding what’s going on in the mind of the renter