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Denham Wolf Real Estate Services promotes Davis and Stander to directors
September 26, 2023
Manhattan, NY Denham Wolf Real Estate Services has promoted Lauren Davis to director of occupier services and Jessica Stander to director of design. Davis has been a member of the Denham Wolf team for nearly a decade, where she has worked with the firm’s clients to provide a range of services,
Rosewood Realty Group sells HK Organization’ Morrisania multifamily building and adjoining develop...
September 26, 2023
Bronx, NY The HK Organization, has sold a 31-unit multifamily building and adjoining buildable lot in the Morrisania section of the borough for $3 million to a private investor. The sale includes two contiguous five-story walk-up buildings at 988-992 Boston Rd., between
Non-imputation title insurance - by Thomas Kearns and Hyman Kindler
September 26, 2023
Real estate investors often purchase ownership interests in existing entities that own commercial real estate rather than acquiring the property by deed. Reasons for this include more favorable transfer or income tax consequences. Sometimes, if the price is large enough, the purchaser would like to have title insurance coverage
The Real Estate Board of New York names winners for the Retail Deal of the Year Awards
September 26, 2023
Manhattan, NY The Real Estate Board of New York (REBNY), named winners for its annual Retail Deal of the Year Awards at a ceremony and cocktail party held on September 13th. In its 25th year, the event attracted 150 members and guests, and was held at The Starbucks Reserve Roastery
Marx Realty finalizes 5,000 s/f lease with Green Street Advisors at 10 Grand Central
September 26, 2023
Manhattan, NY According to Marx Realty, Green Street Advisors has signed a long-term lease for 5,000 s/f of office space at 10 Grand Central. The firm, known for its commercial real estate research platform and exclusive news outlets, has provided trusted industry insights for over 35 years
Seven tenants sign at The Durst Organization and The Port Authority of New York and New Jersey’s O...
September 26, 2023
Manhattan, NY The Durst Organization and The Port Authority of New York and New Jersey said that seven tenants have signed leases totaling nearly 50,000 s/f at One World Trade Center. The transactions consisted of three new leases and four renewals.
Yagoda of GFP Real Estate renews Adaptive Design Association's 3,600 s/f lease at 307 West 36th St.
September 26, 2023
Manhattan, NY GFP Real Estate, LLC said that Adaptive Design Association (ADA), a NYC-based nonprofit that uses an innovative approach to disability services, has signed a five-year lease renewal for its 3,600 s/f office on the ground floor of 307 West 36th St.
Many landlords are struggling to rationalize their increased tax bills relative to their reduced or ...
September 26, 2023
While a clear majority of New Yorkers have reached their boiling point over the “no end in sight” migrant crisis, property owners are merely wondering when real estate taxes might at least mirror their declining collections and property values. With history and simple economics as a guide, it is unlikely the city
Fried Frank represents Vornado in 266,000 s/f development at Pier 94
September 26, 2023
Manhattan, NY Fried Frank represented Vornado Realty Trust in connection with the authorizations and other entitlements needed to develop a 266,000 s/f, film, television and media production studio and public open space overlooking the Hudson River on Pier 94. Fried Frank further represented Vornado
The Real Estate Institute at Stony Brook University College of Business to hold fall luncheon on Oct...
September 26, 2023
Farmingdale, NY The Real Estate Institute (REI) at Stony Brook University (SBU) College of Business will hold a joint panel event on October 20th. The fall luncheon, titled “Reimagining the Modern Office Space,” promises an exploration of the evolving landscape of work environments.
Invictus Property Advisors and Stav Equities sell 1362 Pacific St. vacant brownstone for $2.475 mill...
September 26, 2023
Brooklyn, NY A European co-living fund purchased 1362 Pacific St., a vacant four-story 3,600 s/f brownstone in Crown Heights. The building was sold with DOB approved plans to expand the building horizontally and extend it in the rear.
Simone Development Companies and RIPCO lease 2,957 s/f to Chipotle at Hutchinson Metro Center Atrium...
September 26, 2023
Bronx, NY According to Simone Development Companies, Chipotle Mexican Grill has signed a long-term, 2,957 s/f lease at the firm’s Metro Center Atrium, located at 1776 Eastchester Rd. within the Hutchinson Metro Center complex.
Hastings Capital progressing on 30,000 s/f multi-tenant office/industrial building, Leonardo Place, ...
September 26, 2023
Bohemia, NY In January 2023, Hastings Capital broke ground at what will be known as Leonardo Place, an office/industrial space located at 25 DaVinci Dr. Hastings has owned the land for approximately twenty years.
Real Estate Board of New York plans to holed REBNY Annual event on January 18, 2024
September 26, 2023
Manhattan, NY The Real Estate Board of New York (REBNY) will host the REBNY Annual on Thursday, January 18, 2024. Now in its 128th year, the REBNY Annual once again welcomes the biggest names in real estate – as well as elected officials
Hach of Refined facilitates $8.4 million senior participation loan
September 26, 2023
Brooklyn, NY Joe Hach, partner at Refined, arranged a senior participation loan of $8.4 million.
Delavale of Breslin Realty leases 2,300 s/f to Chipotle Mexican Grill
September 26, 2023
Yorktown, NY Breslin Realty signed a long-term lease with Chipotle Mexican Grill. Chipotle will be occupying 2,300 s/f with a drive-through, at the Lowe’s shopping center at the northwest corner of the intersection
Hamilton of Helmsley Spear represents Flatbush Adult Daycare in 8,000 s/f lease
September 26, 2023
Brooklyn, NY According to Kent Swig, president, Helmsley Spear, LLC, has represented Flatbush Adult Daycare, in a new location for the service provider. The new space is located at 885 Flatbush Ave. and covers 8,000 s/f on the second floor.
Bayport Funding provides $4 million
acquisition/construction loan
September 26, 2023
Queens, NY Bayport Funding provided a $4 million acquisition and construction loan for the development of a four-story mixed-use building in Ozone Park. The property will comprise nearly 10,000 s/f, 8,600 s/f of which will be designated as residential space, with the remaining 1,400 s/f as retail.
Rosewood Realty Group brokers $36.5 million
sale of 159-161 West 54th
September 26, 2023
Manhattan, NY Rosewood Realty Group negotiated the $36.5 million sale of 159-161 West 54th St., a 15-story, mixed-use building on the corner of West 54th and Seventh Ave. in Hell’s Kitchen. Rosewood Realty’s Aaron Jungreis, Ben Khakshoor and Alex Fuchs represented the buyer, Duc Huang,
Local Law 97: Financially sustainable? - by Ron Cohen
September 26, 2023
Local Law 97 is one of the most ambitious plans for reducing emissions in the nation. Local Law 97 was included in the Climate Mobilization Act, passed by the City Council in April 2019 as part of then mayor De Blasio’s NYC Green New Deal. Buildings are responsible for about 70% of NYC’s greenhouse gas emissions,