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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,
The Catskill Project’s passive house development
receives two Certificates of Occupancy
September 26, 2023
Livingston Manor, NY The Catskill Project (TCP), an innovative community development project committed to redefining luxury living through sustainable building practices, has received Certificates of Occupancy for its first two homes. The homes are part of TCP’s collection of
GFP Real Estate extends The Tailor Public House lease at 505 Eighth Ave.
September 26, 2023
Manhattan, NY GFP Real Estate, LLC said that The Tailor Public House, a restaurant and bar near Madison Square Garden, has signed a five-year lease extension through 2038 for its existing 12,600 s/f corner retail space at 505 Eighth Ave. at the corner of 35th St.
Institutional Property Advisors publishes national multifamily construction report
September 26, 2023
New York, NY Institutional Property Advisors (IPA), a division of Marcus & Millichap, published a new national report, “Pullback in Multifamily Construction Starts”. The Multifamily Construction Starts research report provides investors with the latest apartment construction research and analysis, including key findings such as:
JLL secures $132.3 million refinancing for 22 property industrial outdoor storage portfolio
September 26, 2023
New York, NY JLL Capital Markets arranged a $132.3 million refinancing for a 22-property industrial outdoor storage portfolio located in nine states and totalling 230 acres. JLL worked on behalf of the borrower, a joint venture between Criterion Group and Columbia
Project designers Alsaedi and Latona of SWBR earn Construction Documents Technology certifications
September 26, 2023
Rochester, NY SWBRs’ project designers Ali Alsaedi and Sarah Latona earned their certification in Construction Documents Technology (CDT) from the Construction Specifications Institute. CDT certification reflects comprehensive knowledge of managing and delivering projects from conception through occupancy. CDT professionals are highly respected for their understanding of project delivery and ability to provide effective client services and deliver successful projects.
Crystal Window & Door supplies Admirals Cove luxury housing development
September 26, 2023
Haverstraw, NY Situated on the Hudson River in Rockland County, the residents of the new Admirals Cove housing development will benefit from the views and energy efficiency afforded by Crystal Window & Door products. The national manufacturer supplied the project with almost
New Empire Corporation and Tang Studio Architect break ground on 12-story residence
September 26, 2023
Queens, NY New Empire Corp., in partnership with Tang Studio Architect serving as the agency of record for façade designs and layouts, held a groundbreaking ceremony to mark the construction of its newest project, located at 58-01 Queens Blvd. The full-service 12-story residential building
Ariel Property Advisors negotiate sale of 75,750 s/f development site for $4.9 million
September 26, 2023
Bronx, NY Ariel Property Advisors (Ariel) arranged the sale of the Concord Ave. assemblage, a large-scale development site offering 75,750 s/f at 431-439 Concord Ave. in the Mott Haven section of the city. The site sold for $4.9 million.
Newmark arranges $90m refinancing for Aurora Capital, Midtown Equities and ACHS Management’s JV
September 26, 2023
Brooklyn, NY On behalf of a joint venture led by Aurora Capital Associates, Midtown Equities and ACHS Management, Newmark arranged the $90 million refinancing for 240 Bedford Ave., a 181,000 s/f class-A grocery-anchored mixed-use asset located in the Williamsburg neighborhood.
CBRE brokers $146 million sale of light industrial portfolio to Onyx Acquisition IV, LLC and Starwoo...
September 26, 2023
Queens, NY CBRE completed the $146 million sale of a portfolio of light industrial properties located adjacent to JFK International Airport. A partnership of Onyx Acquisition IV, LLC and Starwood purchased the assets from the respective LLC’s controlled by the Elias family.
Brescia of Hellman Electric LLC promoted to project executive
September 26, 2023
Bronx, NY Hellman Electric LLC has promoted John Brescia, senior project manager, to project executive of Hellman Electric’s JFK operations. This new position is a result of Brescia’s unwavering dedication to excellence, efficiency, and outstanding project management. With a background as a journeyman electrician, Brescia quickly rose, demonstrating strong leadership and organizational skills.
Tankhouse and SO-IL to construct 9 Chapel - 14-story condo tower
September 26, 2023
Brooklyn, NY Development firm Tankhouse and architecture firm SO-IL are collaborating to bring 9 Chapel, a new condo tower, to the corner of Chapel and Jay Sts. The 14-story tower will be home to 27 residences spanning from one- to four-bedroom homes. Each home is designed like a corner unit, with at least two exposures and oversized picture windows.
WSP welcomes Huell as northeast diversity transformation lead
September 26, 2023
Manhattan, NY Jermaine Huell has been named diversity transformation lead for the Northeast district at WSP, a leading engineering, environment and professional services consultancy. In his new role, Huell will facilitate the growth of meaningful partnerships between WSP and minority, women and disadvantaged business enterprises; and service-disabled veteran-owned small businesses.
Property of the Month: Wesbuilt Construction Managers and architect THIRLWALL complete 54D flagship ...
September 26, 2023
Manhattan, NY Wesbuilt Construction Managers and Miami Beach, FL-based architectural firm THIRLWALL have completed a $2.2 million fit-out of the ground floor of 125 West 25th St. as the location of the New York flagship fitness club of 54D, the international fitness brand headquartered in Mexico City. Former professional soccer player Rodrigo Garduño founded 54D in Mexico City in 2012 and expanded to its first US location in 2019.
COOKFOX provides design for Hines’ Daymark at Edge-on-Hudson
September 26, 2023
Sleepy Hollow, NY Edge-on-Hudson, the mixed-use, transit-oriented community rising along the banks of the Hudson River, has achieved a series of milestones as the project expands construction to meet demand. Four years since home sales began on the 70-acre site along the waterfront, the development has proved to be among the most sought-after in the Metro New York region.
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