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West Elm, Kohler and Hilti sign retail leases at Industry City
May 30, 2023
Brooklyn, NY Industry City, the 35-acre mixed-use complex comprising sixteen waterfront buildings, said that multiple lease signings were completed with design and construction brands, including West Elm, Kohler, and Hilti, totaling 37,106 s/f
Bellwether Enterprise Real Estate Capital secures $26.6 million in capital for Village Green assiste...
May 30, 2023
Levittown, NY Bellwether Enterprise Real Estate Capital LLC (BWE), secured a $26,661,800 loan to refinance Village Green, an assisted living and memory care community.
Delancey Street Associates signs lease with Queen of Queens at Essex Crossing
May 30, 2023
Manhattan, NY Delancey Street Associates, a joint venture of Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group, and the Urban Investment Group within Goldman Sachs Asset Management,
GFI Realty Services sells 36-unit multifamily in Richmond Hill for $5.095 million
May 30, 2023
Queens, NY GFI Realty Services, LLC negotiated the $5.095 million sale of 86-21 112th St., a multifamily building comprised of 36 units, located in the Richmond Hill section of the borough. GFI Realty director Ohad Babo, and
Handler Real Estate Organization signs retail anchor Wasabi to long-term renewal at 561 7th Ave.
May 30, 2023
Manhattan, NY Handler Real Estate Organization has completed a long-term renewal with anchor retail tenant Wasabi — a London-based sushi and bento chain — at its 561 7th Ave. property. Wasabi has
Edelkopf and Rosenfeld of Schuckman Realty broker two sales
May 30, 2023
Brooklyn NY Schuckman Realty brokered the sale of two free-market multifamily walk-up buildings. The sale was facilitated by Baruch Edelkopf and Joseph Rosenfeld of Schuckman Realty, who exclusively represented the sellers
The Feil Organization expands MillerKnoll lease at 251 Park Ave. South
May 30, 2023
Manhattan, NY The Feil Organization said that MillerKnoll expanded its footprint by 15,331 s/f on the sixth and seventh floors of 251 Park Ave. South in the Gramercy neighborhood. MillerKnoll is credited with inventing the office cubicle
Ariel Property Advisors sells nine-unit
5,483 s/f multifamily for $4.75 million
May 30, 2023
Brooklyn, NY Ariel Property Advisors (Ariel) has sold a five-story, 5,483 s/f multifamily building at 170 Clinton St. in Brooklyn Heights for $4.75 million.
Walker & Dunlop arranges $81.7 million financing and equity for development of multifamily propertie...
May 30, 2023
Bronx, NY Walker & Dunlop has completed $50.8 million in financing and $30.9 million in LP equity for the development of three affordable, multifamily properties at 2710 Creston Ave., 2250 Aqueduct Ave. and 1751 Monroe Ave.
Cosentino, Norris, and Zimin of TerraCRG sell four buildings for $13.5 million
May 30, 2023
Brooklyn, NY TerraCRG said that partner Matthew Cosentino has closed on four commercial buildings totaling $13.5 million over the last thirty days. Cosentino and his sales team, including senior associate Rémi Norris
Helweil joins Loeb & Loeb as partner in real estate investments & transactions
May 30, 2023
Manhattan, NY Brian Helweil has joined Loeb & Loeb as a partner in the real estate investments & transactions department. Helweil represents a variety of clients in commercial real estate transactions covering
Rosenberg & Estis negotiates deal for Revel relocation to 7,000 s/f at 275 South 5th St.
May 30, 2023
Brooklyn, NY Rosenberg & Estis, P.C. represented Charney Companies and Tavros Capital in a lease agreement with electric vehicle company, Revel, to relocate its corporate headquarters and install an electric vehicle supercharging
JLL arranges $350 million debt and equity capitalization for construction of 363-unit The Italic
May 30, 2023
Queens, NY JLL’s Capital Markets group has arranged a $350 million debt and equity capitalization for the development of The Italic, a to-be-built, 363-unit, mixed-use community located at 26-32 Jackson Ave. in Long Island City.
Alternative lenders are busy filling the void created by banks exiting the lender finance space
May 30, 2023
Greenwich, CT Lancewood Capital closed over $100 million of new credit facilities for alternative real estate lenders as the family office begins to fill the void created among banks exiting the lender finance space.
Gross of Avison Young and Riley of JLL broker X-Golf lease for 8,840 s/f at 870 Central Park Ave.
May 30, 2023
Scarsdale, NY P. Lawrence Enterprises LLC has signed a sublease at 870 Central Park Ave. The agreement will bring X-Golf, a golf simulator experience, to the 8,840 s/f retail space. X-Golf Scarsdale is owned and operated by
Guaranty law held unconstitutional - by Thomas Kearns and Joseph Weiner
May 30, 2023
On March 31, 2023, in Melendez v. City of New York, the Southern District of New York declared N.Y.C. Admin. Code § 22-1005 unconstitutional. That COVID-era law – enacted in May 2020 – rendered personal guaranties for certain kinds
Shachnow and Snow join Adler & Stachenfeld as partners in the finance practice group and tax practic...
May 30, 2023
Manhattan, NY Attorneys Barbara Shachnow and Mitchell Snow have joined the Adler & Stachenfeld LLP (A&S) as partners in the finance practice group and tax practice group.
Fordham Real Estate Institute hosts U.S. representative Torres; led by Freedman of Brown Harris Stev...
May 30, 2023
Manhattan, NY The Fordham Real Estate Institute (REI) hosted U.S. representative Ritchie Torres, at its Lincoln Center campus for a conversation about affordable housing in New York City, led by Bess Freedman, CEO of Brown Harris Stevens (BHS) and member
VTS launches new tenant experience technology - VTS Activate
May 30, 2023
Manhattan, NY VTS has launched a new tenant experience technology offering, VTS Activate, which builds upon the proptech leader’s existing history in the TenEx space. VTS Activate goes beyond the strengths of both
Cuddy and Maurer-Hollaender of CBRE renew Mercy College's 125,522 s/f lease at Simone’s 1200 Water...
May 30, 2023
Bronx, NY Simone Development Companies has signed a long-term lease renewal with Mercy College for 125,522 s/f of classroom, administrative and amenities space at 1200 Waters Place, renewing the institution’s commitment