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Lidl joining Totowa Commons
February 8, 2024
Totowa Commons, NJ According to Urban Edge Properties, Lidl will be joining the power center’s retail lineup alongside The Home Depot, Staples and Fortunoff Backyard. This new 27,270 s/f store brings a strong value grocery concept
Peck honored with Kapusta Lifetime Heritage Award
February 13, 2024
Stratford, CT Arnold Peck received the Kapusta Lifetime Achievement Award from the Milford Regional Chamber of Commerce on January 25 held at the Riverview Bistro, the location of the former Fagan’s Restaurant formerly owned by Peck.
JLL Capital Markets closes $51 million sale on 17-acre parcel of undeveloped land
February 8, 2024
Brooklyn, NY JLL Capital Markets has closed on the sale of 2731 West 12th St., a nearly 17-acre parcel of undeveloped land located in Coney Island. JLL represented the seller, National Grid. The buyer was Prologis, the global leader
Dickson appointed co-chair of land-use & zoning practice group at Forchelli Deegan Terrana
February 13, 2024
Uniondale, NY Forchelli Deegan Terrana LLP congratulates partner Kathleen Deegan Dickson on being appointed co-chair of the firm’s land use & zoning practice group. She also co-chairs the firm’s Cannabis practice group.
Top food and beverage trends for 2024 - by James Famularo
February 13, 2024
Throughout my career, I’ve witnessed the ebb and flow of many various food trends, from frozen yogurt to poke, omakase sushi to cupcakes, burgers to dessert. While social media continues to amplify the influence of these niche trends, recent market deals indicate a
OPEN Impact Real Estate leases 6,000 s/f to The Barrow Group
February 13, 2024
Manhattan, NY OPEN Impact Real Estate (OPEN) said that The Barrow Group (TBG) — a theatre company and training center — has signed a 12-year, 6,000 s/f lease on the ninth floor of 520 Eighth Ave. in the Penn Station area, located in close
West Side Campaign Against Hunger signs long-term lease for 15,000 s/f
February 13, 2024
Manhattan, NY OPEN Impact Real Estate (OPEN) said that the West Side Campaign Against Hunger (WSCAH) has signed a 20-year lease for 15,000 s/f of ground floor space at 549 W 180th St. in Washington Heights.
Industry City signs three new industrial leases totaling 33,496 s/f
February 13, 2024
Brooklyn, NY Three new industrial deals totaling 33,496 s/f were signed at Industry City, the 35-acre mixed-use complex comprising 16 waterfront buildings in Sunset Park. The new leases include:
Marx signs 24,000 s/f of new office leases and renewals at 10 Grand Central
February 13, 2024
Manhattan, NY Marx Realty (MNPP), signed 23,855 s/f in new leases and renewals at 10 Grand Central. “10 Grand Central continues to thrive and reap the benefits of its pioneering hospitality-inspired repositioning strategy,” said Craig Deitelzweig, president
Silverstein Props. signs two new leases at 1177 Avenue of the Americas totaling 47,929 s/f
February 13, 2024
Manhattan, NY Silverstein Properties negotiated two new leases at 1177 Avenue of the Americas. Mill Point Capital Partners, a private equity firm, has signed a nearly six-year expansion lease on the entire 44th floor of the 47-story tower,
Houlihan Lawrence Commercial sells
former Melrose School for $3 million
February 13, 2024
Brewster, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, negotiated the sale of 100 – 120 Federal Hill Rd. in the town of Southeast in Putnam County. The property is the former campus of the Melrose School, which was run by the Community of the Holy Spirit,
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.
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