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Gopan and Schwartz of Simone Development sign Fastenal Co. to long-term lease at 1448 Ferris Pl.
August 29, 2023
Bronx, NY Simone Development Companies said that the largest fastener distributor in North America, Fastenal Company, has signed a 7,100 s/f, long-term warehouse lease at 1448 Ferris Pl.
Marx Realty signs LeafHome to 10,000 s/f at 10 Grand Central
August 29, 2023
Manhattan, NY Marx Realty said that LeafHome has signed a long-term lease for 10,000 s/f at 10 Grand Central. The 15th floor space is the first NYC office for the Ohio-based developer of the LeafFilter gutter protection technology and will serve as the headquarters
Cushman & Wakefield arranges $30 million refinancing for 27-01 Queens Plaza N.
August 29, 2023
Long Island City, NY Cushman & Wakefield served as the exclusive advisor to Brause Realty in the procurement of $30 million in refinancing for Brewster LIC, a 700,000 s/f office property located at 27-01 Queens Plaza North. The loan was provided by Apple Bank.
Jack Resnick & Sons finalize two leases - 108,086 s/f at One Seaport Plaza
August 29, 2023
Manhattan, NY Jack Resnick & Sons has finalized two lease renewals totaling 108,086 s/f of office space with two social service organizations at One Seaport Plaza, its 1.1 million s/f property located downtown at 199 Water St.
Delaware Statutory Trusts and the anchor and buoy investment theory - by Dwight Kay
August 29, 2023
For investors currently considering a Delaware Statutory Trust (DST) investment for either their 1031 exchange or direct-cash investment, one of the first things to consider is what investment strategy should be pursued? For example, is the goal to achieve greater appreciation, even if it means investing
GFP Real Estate inks four leases totaling 12,924 s/f at 515 Madison Ave.
August 29, 2023
Manhattan, NY GFP Real Estate, LLC negotiated three lease transactions totaling 12,924 s/f at 515 Madison Ave. in the Plaza District. Weiss Wellness, a physiatrists group, signed a new 10-year lease for 6,536 s/f on the fifth floor. Martin McGrath of GFP Real
Koukou and Newton of Lee & Assocs. represent American Outcomes Management in 13,614 s/f lease at Ind...
August 29, 2023
Brooklyn, NY Industry City, the 35-acre mixed-use complex comprising sixteen waterfront buildings in Sunset Park, said that American Outcomes Management LP (AOM), a leading specialty infusion provider focused on intravenous immunoglobin (IVIG) infusion therapy, signed a seven-year lease for
Oster, Galligan and Garvin of JLL Capital Markets sell 175-177 East 3rd St. for $10.8 million to Loc...
August 29, 2023
Manhattan, NY JLL Capital Markets brokered the sale of 175-177 East 3rd St., two contiguous, five-story, walk-up buildings located between avenues A and B in the East Village neighborhood. The primarily free-market properties were sold for $10.8 million, or $802 per s/f.
Rockabill secures $89 million for Catholic Homes NY to build housing
August 29, 2023
Bronx, NY Rockabill has secured $89 million on behalf of Catholic Homes New York, a division within Catholic Charities of the Archdiocese of New York, to finance the creation of 126 affordable homes, including 63 units with supportive services, in the Mott Haven section of the borough.
IREON INSIGHTS: New Jersey implements a new benchmarking law for buildings with first deadline appr...
August 29, 2023
As part of the New Jersey (NJ) Clean Energy Act, beginning October 1, 2023, buildings over 25,000 s/f are required to benchmark their building’s aggregate energy and water usage data to the NJ Board of Public Utilities (BPU) on an annual basis. Logical Buildings is certified by the NJBPU to fulfill
Waterman, Kesseler, Gosin, and Rosenblum of Newmark lease 22,725 s/f
August 29, 2023
Long Island City, NY Newmark has arranged a 22,725 s/f lease renewal on behalf of ownership Atlas Capital Group, LLC, at their office building, The Factory, located at 30-30 47th Ave. The tenant, Transel Elevator & Electric, Inc. (TEI Group), signed an early, 10-year lease extension
Yonkers IDA votes final and prelim approvals for two projects
August 29, 2023
Yonkers, NY The Yonkers Industrial Development Agency (YIDA) has voted final and preliminary approvals of financial incentives for residential projects representing a total private investment of $22.4 million. The developments are projected to create 35 construction jobs
The Boulder Group completes sale of net lease 7-Eleven property for $5 million
August 29, 2023
Haverstraw, NY The Boulder Group completed the sale of a single tenant net leased 7-Eleven property located at Gurnee Ave. and Rte. 9 West for $5 million. The 7-Eleven is located at the corner of a signalized intersection along U.S. Rte. 9 West
Wolf, Turner, and Hrobsky of Denham Wolf sell 26,700 s/f office - $18.95 million
August 29, 2023
Manhattan, NY 137 Second Ave., a 26,700 s/f office space located in the East Village, has been sold for $18.95 million. The space has 11,664 s/f above grade and 15,052 s/f including the basement.
Savills and Newmark lease 30,000 s/f to Joint Industry Board of the Electrical Industry at Herald Ce...
August 29, 2023
Manhattan, NY JEMB Realty said that the Joint Industry Board of the Electrical Industry (JIBEI) has signed a lease for 30,000 s/f at Herald Center (1293 Broadway at 34th St.) to establish a new training and education center for the Electrical Industry Apprentice Training Program and
Invictus Property Advisors closes sale of “Blue Flame” buildings
August 29, 2023
Manhattan, NY Invictus Property Advisors negotiated the closing of the “Blue Flame” buildings adjacent to the Columbia University Expansion Project at 523-525 West 125th St. in Manhattanville. The two three-story buildings were owned by the same partnership for over 50 years.
Ariel Property Advisors brokers sale of
three NYC properties - $10.98 million
August 29, 2023
Brooklyn, NY Ariel Property Advisors has arranged the sale of three properties in Northern Manhattan, Brooklyn and the Bronx for $10.98 million. The transactions included the following:
Hastings Capital completes development of 25,560 s/f office/warehouse at 175 Knickerbocker Ave., Boh...
August 28, 2023
Bohemia, NY Hastings Capital is delighted to unveil a remarkable achievement: amidst the challenges posed by the global pandemic, the construction of the new building located at 175 Knickerbocker Ave. has been completed. The tenant, Zippboxx is now in the final stages of refining tenant modifications,
Open Access celebrates 85% of alumni placed in community development finance or real estate in first...
August 29, 2023
Washington, DC Open Access, a 501 (c)3 organization offering paid fellowships to advance Black and Latinx leadership and representation in community development finance (CDF), has a rate of achievement in the three years since its launch: 85% of the graduates have been placed in positions
Naftali Credit Partners closes on pre-development financing loan for 8 Carlisle
August 29, 2023
Manhattan, NY After closing an $86 million construction loan for 64 University Place, Naftali Credit Partners, a subsidiary of Naftali Group – closed a pre-development financing loan for 8 Carlisle St. marking the second deal of its closed second credit fund. Naftali Credit Partners