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Custom glass from Bendheim solves challenges for Lincoln Center’s new David Geffen Hall
July 25, 2023
Manhattan, NY Architects specified a wall of custom glass from Bendheim to meet complex challenges at David Geffen Hall, the newly renovated home of the New York Philharmonic Orchestra.
Goldflam and Volman of Highcap Group complete $3.25 million sale of 10,000 s/f warehouse
August 29, 2023
Queens, NY Josh Goldflam, co-founder & principal of commercial real estate firm Highcap Group, along with director Anthony Volman, have arranged the sale of 650 Southern Blvd. for $3.25 million. The seller of the property was a family
Molloy joins JLL’s Value and Risk Advisory platform
August 29, 2023
Manhattan, NY JLL’s Value and Risk & Advisory platform announced today that it has expanded its New York office team with the hiring of James Molloy as asenior director for institutional accounts. Molloy will work with senior managing director Steven Schleider to expand the platform’s institutional and financial services/lender coverage in Manhattan and the greater Tri-state region.
Roth of Manhattan Skyline Management leases to Madame Bonté Café
August 29, 2023
Manhattan, NY According to Manhattan Skyline Management Corp., New York City independent coffee shop Madame Bonté Café has opened at 205 East 66th St. on the Upper East Side.
Dayan of Resolution Real Estate Partners leases 3,097 s/f at Brause Realty’s 320 Fifth Ave. - 100%...
August 29, 2023
Manhattan, NY Brause Realty Inc.’s 320 Fifth Ave. is 100% occupied. Long-time tenant Mevram Services LLC, a national hotel services company, has doubled its footprint to 2,008 s/f on the sixth floor. Design and branding firm Marine Lane has locked in a five-year renewal lease for its 1,089 s/f offices on
Brand Urban brings Caffè Panna to 34 Norman Ave.
August 29, 2023
Brooklyn, NY Brand Urban said that Caffè Panna, the Italian-inspired ice cream brand helmed by Hallie Meyer, will open its second location early next year, expanding to 34 Norman Ave. Caffè Panna Greenpoint is slated to open in the spring of 2024, targeting as early as
Keidan of Cresa arranges 5,000 s/f lease for Timberlake Studios
August 29, 2023
Manhattan, NY Cresa Global Inc. (Cresa) vice president Leslie Keidan has arranged a 10-year lease for a 5,000 s/f workspace at 545 Eighth Ave. for Timberlake Studios, a theatrical costume production company. Founded in 1959 by costume maker Betty Williams, her protégé Sarah Timberlake
Axiom Capital funds $22 million refinance
loan for mixed-use multifamily
August 29, 2023
Manhattan, NY Axiom Capital has structured and arranged a $22 million permanent loan (five years, fixed rate, three years I/O, five years ext. opt., non-recourse) for the refinance of a mixed-use multifamily property in the Financial District.
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
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