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Merchants Capital secures $320 million financing
September 12, 2023
Bronx, NY Merchants Capital has provided $320 million in financing to support comprehensive renovations at Edenwald Houses. The second largest New York City Housing Authority (NYCHA) property in the state and the largest in the borough, Edenwald Houses dates back to the 1950s and
Fried Frank advises RXR Realty in Davis Polk & Wardwell lease extension at 450 Lexington Ave.
September 12, 2023
Manhattan, NY Fried Frank advised RXR Realty on its 25-year lease extension with global law firm Davis Polk & Wardwell LLP at its 450 Lexington Ave. office building and related modifications to the building’s existing financing.
Society for Marketing Professional Services New York Chapter inaugurates new executive committee and...
September 12, 2023
Manhattan, NY The Society for Marketing Professional Services New York Chapter (SMPS-NY) has appointed its new executive committee and board of directors for the 2023-2024 term. This year marks the chapter’s momentous 40th anniversary.
Clear Height Advisors: Pioneering industrial real estate solutions
September 12, 2023
Manhattan, NY Clear Height Advisors, a boutique advisory firm, has emerged as a force in the industrial real estate market. Founded by principal Guy Hananya, the company’s approach, and expertise position it as a sought-after partner for sourcing
ArtBridge and The Durst Org. unveil 600 ft. long multimedia exhibit
September 12, 2023
Queens, NY ArtBridge, in partnership with The Durst Organization, has made public, A City in Motion, an art exhibition and augmented reality (AR) experience created by Astoria-based artist Zeehan Wazed. This 600-foot-long exhibition is installed on the construction fencing of The Durst
George Comfort & Sons inks multiple leases at 44 Wall St.
September 12, 2023
Manhattan, NY George Comfort & Sons, on behalf of the 44 Wall St. ownership, said that lease agreements totaling 18,600 s/f have been signed with both existing and new tenants at the boutique downtown tower.
O’Connor, Scher and O’Toole of Lee & Associates NYC lease 6,500 s/f at 31 East 32nd St. to Prest...
September 12, 2023
Manhattan, NY Lee & Associates NYC represented Prestige Health & Wellness (Prestige), a chiropractor, in a 10-year lease for 6,500 s/f at 31 East 32nd St. in NoMad. Prestige will occupy 4,500 s/f on the ground floor and 2,000 s/f on the lower-level and is expected
Newmark Retail leases 4,167 s/f for Terra Mediterrania
September 12, 2023
Manhattan, NY Newmark Retail secured a new 4,167 s/f retail lease on behalf of 124 Seventh Ave. ownership, HUBB NYC, at their single-story retail property in the Chelsea neighborhood. The lease welcomes tenant Terra Mediterrania (Terra) – an efficient service restaurant (ESR)
Highcap Group sells 48,000 s/f development site for $3.25 million
September 12, 2023
Bronx, NY Josh Goldflam, co-founder & principal of Highcap Group, along with director Anthony Volman have arranged the sale of 650 Southern Blvd. for $3.25 million. The property is located in the Woodstock neighborhood. The seller was a family LLC represented by attorney Marc
Adler of Rand Commercial completes $9.3 million sale of 522 acres
September 12, 2023
West Park, NY Rand Commercial has completed the $9.3 million sale of 522+/-acres at 2054-2055 Rte. 9W in Ulster County. This property was home to the Missionary Sisters of the Sacred Heart and the site of Mother Cabrini’s miracle. Paul Adler, Esq., SIOR,
IPA Capital Markets hires Herzog and Kazanjian
September 12, 2023
Manhattan, NY Max Herzog and Marko Kazanjian have joined IPA Capital Markets (IPA), a division of Marcus & Millichap. Herzog will serve as executive managing director, capital markets, and Kazanjian as senior managing director, capital markets at IPA
Gopan and Hansen of Simone Development Companies negotiate two leases at Boyce Thompson Center
September 12, 2023
Yonkers, NY Simone Development Companies has signed two new leases totaling 3,552 s/f of retail space at the Boyce Thompson Center at 1086 North Bdwy. Enbu Asian Fusion, a Japanese/Asian fusion restaurant, is leasing 2,580 s/f at the mixed-use center. SoYo Nails,
Short Term Capital finances $4.5 million acquisition loan
September 11, 2023
Manhattan, NY Short Term Capital has funded a $4.5 million one-year, interest-only acquisition loan secured by a five-story Midtown office building. The 13,000 s/f building with ground floor retail at 150 W 36th St., is located
Westchester County’s Local Development Corp. votes approval of $195 million bond for 162,626 s/f P...
September 12, 2023
Valhalla, NY The Westchester County’s Local Development Corp. (LDC) voted on final approval of $195 million in tax-exempt bond financing for the development of a new 162,626 s/f Patient Care Tower on the campus of Westchester Medical Center.
Colliers hospitality practice group adds Johnson as analyst
September 12, 2023
Manhattan, NY Colliers has hired Marc Johnson as an analyst to join the firm’s hospitality practice group. In his new role, Johnson will work alongside group leader Mark Owens, who is one of the foremost experts in the sector, to help
Yahn, Brooks and Organ of Cushman & Wakefield represent Hyundai Motor America in $22.5 million acqui...
September 12, 2023
Manhattan, NY Cushman & Wakefield advised Hyundai Motor America (HMA) in the acquisition of a boutique commercial building located at 500 West 14th St. in the Meatpacking District. The multinational automotive company acquired the three-story building
Improve your commercial real estate marketing using data - by Kimberly Zar Bloorian
September 12, 2023
In times of market uncertainty, data-driven decision-making isn’t just a luxury—it’s a necessity. By leveraging data analytics, you can uncover market trends, measure campaign efficacy, and confidently make strategic choices for your commercial real estate business. As you
Gural and Lapidus of GFP Real Estate broker 11,743 s/f lease at 40 Worth St.
September 12, 2023
Manhattan, NY GFP Real Estate, LLC said that Acumen Fund, Inc., a non-profit impact investment organization, has signed an 11-year lease extension for its 11,743 s/f of office condominium space at 40 Worth St. in TriBeCa.
MKDA founder, Kleinberg, passes away at age 97
September 12, 2023
Manhattan, NY Architecture and interior design firm MKDA said that Milo Kleinberg, the firm’s founder, has passed away at the age of 97. The firm’s partners Michael and Jeffrey Kleinberg issued the following statement: “We are deeply saddened
Houlihan Lawrence Commercial leases
12,600 s/f at 270 North Ave.
September 12, 2023
New Rochelle, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, has brokered the lease of 12,600 s/f of office space located at 270 North Ave. The landlord was represented by Mike Rackenberg, associate broker, with Houlihan Lawrence Commercial