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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
Fuchs of GFI Realty arranges $4.7 million sale of 8-unit 411 State St.
August 29, 2023
Brooklyn, NY GFI Realty Services negotiated the $4.7 million sale of 411 State St., a multifamily building located in the Boerum Hill section of the city. Zachary Fuchs, associate director of GFI Realty, represented the seller, Eric Orlofsky, and the buyer,
Greystone provides $18.3 million in Fannie Mae DUS financing
August 29, 2023
Brooklyn, NY Greystone has provided a $18.296 million Fannie Mae Delegated Underwriting & Servicing (DUS) loan to refinance a 154-unit multifamily property. The financing was originated by Anthony Cristi, managing director at Greystone.
Douglas Elliman celebrates 108 Leonard rooftop
August 29, 2023
Manhattan, NY Brokers gathered to celebrate the opening of the rooftop at 108 Leonard, the neoclassical landmark restored and reimagined to comprise 167 homes in TriBeCa. The landscaped rooftop is the final installment in 108 Leonard’s 20,000 s/f of amenity spaces.
Tishman Speyer secures three leases totaling 112,000 s/f at The Spiral
August 29, 2023
Manhattan, NY Tishman Speyer has secured agreements with three investment firms to occupy a combined 112,000 s/f at The Spiral, its recently-completed 66-story office tower on the West Side of Midtown.
Supreme Court calls real property tax foreclosure into question - by Gabriella Botticelli
August 29, 2023
A recent United States Supreme Court opinion has significant impact on New York’s Real Property Tax Law. Tyler v. Hennepin County, Minnesota, decided on May 25, 2023, ruled it unconstitutional for a taxing authority to foreclose upon and sell property based upon a failure to pay taxes without a procedure for the property owner
Durst, Newmark and Manhattan Boutique Real Estate lease 117,181 s/f to Empire State Development at 6...
August 29, 2023
Manhattan, NY The Durst Organization said that Empire State Development (ESD) has chosen 655 Third Ave. for its New York City headquarters. ESD, New York State’s economic development and financing agency, is taking five full floors of the building totaling 117,181 s/f
Wells Fargo closes $780.3 million for affordable housing projects
August 29, 2023
Bronx, NY Marking the largest first-half cycle in Wells Fargo history, Wells Fargo’s Community Lending and Investment (CLI) group closed $780.3 million in financing for five New York City-area affordable housing projects in the month of June. See below for a summary of each project
Elder and Ackerman of RXR negotiate 700,000 s/f
lease at 450 Lexington Ave.
August 29, 2023
Manhattan, NY RXR brokered a 25-year lease extension with global law firm Davis Polk & Wardwell LLP (Davis Polk). As part of the renewal, Davis Polk will be expanding its footprint at 450 Lexington Ave. by an additional floor, adding 30,000 s/f. The firm’s new footprint at the building
DeSimone Consulting Engineering acquires UK's DP Squared Ltd.
August 29, 2023
Manhattan, NY Full-service engineering firm, DeSimone Consulting Engineering, with offices worldwide, has acquired of structural engineering firm, DP Squared Ltd. The acquisition builds upon the company’s United Kingdom headquarters in central London.
Michael Graves Architecture appoints Yurasek as international director of interior design
August 29, 2023
Princeton, NJ Michael Graves Architecture (MG) has appointed Julie Yurasek as international director of interior design. With a prior tenure at MG, which commenced in 1996, Yurasek held the positions of senior interior designer and director. This valuable context provides her with a distinct
BXP and Fogarty Finger complete renovation of GM Building’s amenity center
August 29, 2023
Manhattan, NY BXP has completed the General Motors (GM) Building’s amenity center. Named Savoy Club, the 35,000 s/f amenity experience designed by Fogarty Finger, offers building clients access to a fitness and health center, a food and beverage concept, and a fully appointed conferencing suite.
Tishman Speyer begins construction of second all-affordable residential building at Edgemere Commons...
August 29, 2023
Queens, NY Tishman Speyer’s TS Communities has begun construction on a 13-story, 100% affordable apartment building at Edgemere Commons in Far Rockaway. Located at the corner of Beach Channel Dr. and Beach 52nd St., the 247,000 s/f building will encompass 237
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