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Roth of Manhattan Skyline Management and Klotsman of Douglas Elliman lease 925 s/f of retail space t...
November 28, 2023
Manhattan, NY According to Manhattan Skyline Management Corp., men’s luxury reseller, 4GSeller, has signed a lease for a new location at 107 Sullivan St. between Prince and Spring Sts. in SoHo.
Durst and Newmark lease 26,292 s/f to ECP at One World Trade Center
November 28, 2023
Manhattan, NY According to The Durst Organization and The Port Authority of New York and New Jersey, ECP, a leading energy transition-focused investor, is expanding its footprint at One World Trade Center to 26,292 s/f,
New York construction activity - by James Ricca
November 28, 2023
With interest rates for commercial loans at levels not seen since the 1990s, origination activity has trickled to a standstill for most commercial real estate and commercial and industrial loans, as credit and underwriting standards have tightened and borrowers are trying to wait it out until interest
Paul and Sam Adler of Rand Commercial receive Hudson Valley Chapter of NYSCAR Economic Development D...
November 28, 2023
New City, NY Rand Commercial, congratulates Paul Adler, Esq., SIOR and Samuel Adler for receiving the Hudson Valley Chapter of the New York State Commercial Association of Realtors Economic Development Dealmakers (HV West) award for 2023.
Bayport Funding provides $6.3 million bridge loan
November 28, 2023
Brooklyn, NY Bayport Funding has provided a $6.3 million bridge loan for a 16-unit multifamily building in Bedford-Stuyvesant. Located on Franklin Ave., the property will comprise 11,500 s/f and offer studios and two-bedroom units.
Koenig of Kislak Company sells 29-unit
multifamily property for $3.4 million
November 28, 2023
Spring Valley, NY The Kislak Company, Inc. negotiated the off-market sale of a 29-unit multifamily property at 15 West Funston Ave. for $3.4 million.
Metro Realty Services negotiates two sales totaling $8.9 million
November 28, 2023
Westbury, NY Mark Timpone of Metro Realty Services sold 25,537 s/f at 120 New York Ave. to Richard Lin for $7 million. Timpone represented the seller, Timothy Beaumont, and Dan Gazzola of Newmark represented the buyer.
George Comfort & Sons inks 300,000 s/f long-term lease with Weill Cornell Medicine
November 28, 2023
Manhattan, NY George Comfort & Sons, on behalf of the ownership of 575 Lexington Ave., finalized a 300,000 s/f lease with Weill Cornell Medicine at 575 Lexington Ave. in the Plaza District.
Shawmut Design and Construction completes Brooklyn Public Library’s new Sunset Park Branch
November 14, 2023
Brooklyn, NY Shawmut Design and Construction, a leading $1.3 billion national construction management firm, has completed Brooklyn Public Library’s (BPL) newest branch at Sunset Park Library and Apartments. The historic project, the first of its kind in New York City, establishes
Thorofare Capital provides $125.9 million senior mortgage loan for mid-Atlantic portfolio
November 28, 2023
Washington, DC Thorofare Capital, Inc., an affiliate of asset management platform Callodine Group, LLC, closed $125.9 million in financing for eight class-A clinical medical facilities totaling more than 705,000 s/f located in the Greater Washington, D.C.
NY State Homes and Community Renewal awards $5.1 million grants to improve and revitalize 23 downtow...
November 28, 2023
Albany, NY New York State Homes and Community Renewal has awarded $5.1 million in grants through Round XIII of the Regional Economic Development Council Initiative have been made to municipalities and nonprofit organizations across New York to support 23
Eastern Union provides $17.49 million loan for acquisition of 392-unit The Lakes at Madera
November 28, 2023
Baytown, TX Eastern Union has delivered a $17,492,188 loan toward the acquisition of The Lakes at Madera apartments, a 392-unit multifamily complex located at 305 West Baker Rd. in, a community situated 26 miles east of Houston.
Marie Selby Botanical Gardens to open net-positive botanical garden complex Jan. 11, 2024
November 28, 2023
Sarasota, FL Marie Selby Botanical Gardens said that phase one of its three-phase master plan for its downtown campus will open to the public on January 11, 2024.
Colliers Mortgage hires Adelson and Mania
November 28, 2023
Los Angeles, CA Colliers Mortgage has hired real estate investment veterans Tommy Adelson to the position of vice president, transactions, and Jessica Mania as vice president, research and marketing. This follows the recent move of Jonathan Lee
NAI DiLeo-Bram leases 3,000 s/f retail and sells 12,607 s/f manufacturing space
November 28, 2023
Kenilworth, NJ NAI DiLeo-Bram & Co. (NAIDB) recently recorded a new retail lease transaction and warehouse property sale. In both instances, the firm’s brokerage professionals exclusively represented ownership
Urban Edge leases to Aldo and Dream Pairs at Bergen Town Center
November 28, 2023
Paramus, NJ According to Urban Edge Properties, two new footwear stores have signed leases at Bergen Town Center. Aldo (1,793 s/f) opened in time for the holiday season, and Dream Pairs (3,619 s/f) will open in early 2024.
PEEK Properties starts leasing at 138-unit multifamily The Highland
November 28, 2023
Orange, NJ PEEK Properties has launched leasing at its newest upscale multifamily community known as The Highland, located at 416 Highland Ave. in the southwest section of the city. Situated at the corner of Highland and Lincoln Aves.
GFP Real Estate renews lease 4,633 s/f to duotone audio group
November 28, 2023
Manhattan, NY GFP Real Estate, LLC said that duotone audio group, Ltd., a music and sound production company signed a three-year extension to its existing lease for 4,633 s/f on the sixth floor of 200 Varick St. in Hudson Sq.
How rentals are shaping the new housing landscape - by Richard Ross
November 28, 2023
The U.S. is in the midst of a housing crisis. Unlike the 2008 housing market collapse, where an abundance of low-quality loans threatened to implode the housing sector, this disruption is different.
Lo hired as director to lead new practice at Empire Valuation Consultants
November 14, 2023
Manhattan, NY Empire Valuation Consultants, one of the nation’s leading independent valuation consulting firms, is launching a new practice group offering real estate valuation services. Under the directorship of Roslyn Lo, a veteran valuation appraiser, the real estate valuation services