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Eastman Cooke renovates 4,500 s/f space for Greystone Management
January 16, 2024
Manhattan, NY Eastman Cooke & Associates (ECA), a preeminent New York-based general contracting firm, has completed another turnkey renovation for Greystone Management Corp. at 75 Spring St., a 10-story, circa 1905 commercial property, at the corner of Crosby Street.
Forchelli Deegan Terrana promotes Comiskey and Castronovo
January 16, 2024
Uniondale, NY Forchelli Deegan Terrana LLP promoted two attorneys effective January 1, 2024: • John Comiskey to partner and
Bronsteen, Riney and Farese of Marcus & Millichap broker $4.1m sale of 8-units
January 16, 2024
Brooklyn, NY Marcus & Millichap brokered the sale of 533 Bergen St. for $4.125 million. “This is a deal we have been working on for several years,
IMA New York leases 10,000 s/f at The Durst Organization’s 1155 Avenue of the Americas
January 16, 2024
Manhattan, NY The Durst Organization said that IMA New York has chosen 1155 Avenue of the Americas, for its first New York City office. IMA New York is taking over 10,000 s/f on the 33rd floor
Colliers arranges $38 million sale of
13,580 s/f 560 Fifth Ave.
January 16, 2024
Manhattan, NY Colliers has arranged the $38 million sale of 560 Fifth Ave. At nearly $2,800 per s/f, this sale represents the highest post-pandemic price per s/f for a full building on Fifth Ave. This is the the first time the property has sold in over 50 years
Simone Development’s 63,000 s/f Post Road Plaza fully leased
January 16, 2024
Port Chester, NY Simone Development Companies has signed two new leases totaling 4,485 s/f of retail space at Post Road Plaza at 260-262 Boston Post Rd. (US Rte. 1). The 63,000 s/f retail center is now fully
Ariel Property Advisors closes five Bronx deals - $20.175 million
January 16, 2024
Bronx, NY Ariel Property Advisors (Ariel) has arranged the closing of five transactions totaling $20.175 million. The deals encompass the sale of two industrial warehouses and three development sites and include the following
SCALE Lending provides $46 million bridge loan for Arris Grand
January 16, 2024
Brooklyn, NY SCALE Lending, the debt financing arm of Slate Property Group, has finalized a $46 million bridge loan for Arris Grand, a newly-completed apartment building in the Clinton Hill neighborhood.
Fordham Real Estate Institute names Harris executive director
January 16, 2024
Manhattan, NY The Fordham Real Estate Institute (REI) has named Joshua Harris, Ph.D., CRE, as the executive director of REI at the Lincoln Center campus in New York City. Harris is responsible
Sabal, Bsafal and Argo R.E. form joint venture to provide $64.5 million loan to refinance LaGuardia ...
January 16, 2024
Queens, NY Sabal Investment Holdings (Sabal), Bsafal Inc. (Bsafal), and Argo Real Estate (Argo), formed a joint venture partnership to provide a $64.5 million fully-funded loan to finance the conversion of the LaGuardia Plaza Hotel
Momentive Performance opens at Hudson Valley iCampus
January 16, 2024
Pearl River, NY According to Hudson Valley iCampus, Momentive Performance Materials, Inc.(MPM), celebrated the opening of its 66,430 s/f innovation center located in Building 180 at the campus. The space consists of 38 co-located
Cracking the code: Understanding the pros and cons of Delaware Statutory Trusts for 1031 Exchange R....
January 16, 2024
In the realm of real estate investing, the 1031 exchange Delaware Statutory Trust can provide savvy real estate investors a unique opportunity to achieve passive management, the potential for regular monthly distributions, and a way to enter one
CM&B opens new office location
January 16, 2024
Manhattan, NY Construction Management and Builders, Inc. (CM&B) has been building in New York City and the surrounding boroughs since 2011. Their journey in the city began with the 56,000 s/f LEED
Camber Property Group closes on first phase of $1 billion development
January 16, 2024
Bronx, NY Camber Property Group has kicked off the first two phases of a $1 billion mixed-use 100% affordable development known as Stevenson Sq. The first two closings total $125.5 million in total development cost and will create 117 units of affordable senior
Finkler joins Besen Partners as senior director
January 16, 2024
Manhattan, NY Samuel Finkler, formerly a senior vice president of TrueRate investment sales, has joined Besen Partners as a senior director, national investment sales. Finkler has sold over 50
Progress Capital arranges $19.7 million construction loan for self-storage facility
January 16, 2024
Rockaway, NY Kathy Anderson and Caillin Boles of Progress Capital secured a $19.725 million construction loan for the development of a self-storage facility on Rockaway Beach Blvd., owned by Dino Tomassetti, Jr. of Asset Realty & Construction Group.
Keep McGuinness running or keep McGuinness safe? How about both? - by Magal Gabay
January 16, 2024
As a resident of McGuinness Blvd. and being a new father, I get to walk around the neighborhood quite often. During the past few months, anyone who walks in Greenpoint couldn’t miss the signs supporting and opposing the new plan to redesign McGuinness Blvd.
Highcap Group and Meridian Capital sell
40,000 s/f for $22 million
January 16, 2024
Manhattan, NY The original Barney’s flagship location at 115 7th Ave., has been sold, from the lender Argentic Management who took over the property after foreclosure to an undisclosed group of investors for $22 million in a closing
Eastern Union secures loans from 126 lenders in 2023
January 16, 2024
Manhattan, NY Eastern Union placed and closed loans with 126 lenders in 2023. Additionally, reflecting the company’s geographic reach, Eastern Union closed transactions in
Houlihan Lawrence Commercial sells two warehouses - $18.5 million
January 16, 2024
Brewster, NY Houlihan Lawrence Commercial brokered the sale of 18-19 Fields Ln. This exclusive listing was represented by John Ravetto.