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Newmark secures $500 million investment for cold storage platform, Envision
August 15, 2023
Newmark has recently raised $500 million from an institutional investor to capitalize a new cold storage operating and development platform, Envision Cold (Envision). This investment allows Envision to acquire and develop over $1.5 billion of cold storage assets. Newmark advised on the equity raise and formation of the company. The team was led by Newmark's co-presidents of Debt & Structured Finance, Jordan Roeschlaub and Dustin Stolly
Commercial classroom: 1031 Exchanges: Part 1 - by Edward Smith
August 15, 2023
We will begin this article by looking at the history of 1031 Exchanges, next month we will illustrate the procedure and rules. Congress, in an effort to pay for the American Civil War, imposed the first income tax in 1861
Compass Development Marketing Group expands into Long Island market
August 15, 2023
Long Island, NY Compass Development Marketing Group (CDMG) announced it is expanding its marketing and sales expertise into New York’s Long Island luxury market. CDMG has established itself as one of New York City’s premier luxury new residential development sales and marketing teams, having helmed successful sellout campaigns at some of the City’s top buildings, including
Mayor and Densen of Island Associates broker lease with IM=X Pilates
August 15, 2023
Roslyn Heights, NY Lawrence Densen and Christopher Mayor of Island Associates brokered a 10-year lease agreement with IM=X Pilates, for approximately 3400 s/f+/- located at 43-53 Mineola Ave
Racanelli Construction Company, Inc.’s Spirit Squad Helps Build A Habitat for Humanity of Long Is...
August 15, 2023
Melville, NY Racanelli Construction Company, Inc., a leading construction management, general contractor, and design/build resource for commercial, industrial, retail, medical, pre-engineered, and multi-unit residential projects, recently participated in a Habitat for Humanity of Long Island house build. On June 21, 2023, 14 Racanelli Construction employees volunteered their time to help
Fourteen Forchelli Deegan Terrana LLP attorneys named to The Best Lawyers in America 2024 & Best Law...
August 15, 2023
Uniondale, NY Forchelli Deegan Terrana LLP’s (“FDT”) chairman and co-managing partner, Jeffrey Forchelli, was selected by his peers for inclusion in the 30th Edition of The Best Lawyers in America for Land Use & Zoning Law. He has been recognized annually since 2018
Adler of Rand Commercial completes $9.3 million sale of 522 acres in West Park, NY
August 15, 2023
West Park, NY Rand Commercial has completed the $9.3 million sale of 522+/-acres at 2054-2055 Rte. 9W in Ulster County, NY.
Dottid upgrades insights with portfolio performance
August 15, 2023
Dottid announced that the leading proptech solution is now offering upgraded insights with the release of their holistic and customizable portfolio performance visualizer. Dottid users can now get a snapshot of potential risks, occupancy trends, target industries, important tenants, and more for even smarter portfolio decision-making. Portfolio performance is the newest product added to Insights, next to dynamic projections and leasing performance
Real Estate Rockers in Relief returns to Irving Plaza for 10th annual night of live music and networ...
August 15, 2023
Manhattan, NY Real Estate Rockers in Relief is returning for its 10th annual benefit concert, bringing down the house once again at Irving Plaza on September 13th. This annual event will bring together the most prominent real estate moguls in New York for a night featuring multiple bands
HKS Real Estate Advisors has completed the sale of a development site at 360 West 52nd St.
August 15, 2023
Manhattan, NY HKS Real Estate Advisors announced the successful sale of the development site at 360 West 52nd Street for $3.35 million ($362 per s/f). This transaction, led by Cadence Development in partnership with HOH Capital Partners and Deal Lake Capital, marks a significant expansion
Horner joins AMA Group as principal of ALD Lighting
August 15, 2023
Manhattan, NY AMA Group, an industry leading engineering firm dedicated to providing best-in-class design and implementation for a variety of project types nationwide, announced that Stephen Horner has joined the team as principal of the East Coast Lighting Design Business Unit
The Paradox Museum, built by JRM Construction Management, has opened to the public
August 15, 2023
East Rutherford, NJ The Paradox Museum has finally been completed and is ready for visitors. Built out by JRM Construction, the museum features over 70 interactive exhibits for guests to immerse themselves in and enjoy. Located at The American Dream Mall
From Chaos To Clarity: Multifamily Property Managers Streamline Operations With End-To-End Solution ...
August 15, 2023
Managing multifamily properties has never been more complex, with ever-changing regulations, apartment repairs, and resident demands forcing property managers to become adept jugglers. Yet the industry has mostly lagged when it comes to automation and technology in general, with most offices still mired in excessive paperwork, inefficiencies, and separate systems for different tasks
Nominate someone for the 2023 Women in Commercial Real Estate Spotlight TODAY!
August 15, 2023
We are now accepting nominations and reservations for our WOMEN IN COMMERCIAL REAL ESTATE Spotlight! Scheduled to publish in our September 26th issue, this annual spotlight will recognize noteworthy accomplishments and praiseworthy contributions of women currently working in New York's commercial real estate industry. Don't miss this opportunity to highlight a rising star, trailblazer
DeSimone Consulting Engineering acquires UK structural engineering firm DP Squared
August 15, 2023
Boston, MA Leading full-service engineering firm, DeSimone Consulting Engineering, with offices worldwide, has acquired structural engineering firm, DP Squared Ltd. The acquisition builds upon the company’s United Kingdom
Institutional Property Advisors closes $61 million multifamily asset sale
August 15, 2023
Goodyear, AZ Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Cabana Encanto, a 286-unit attainable housing asset. The $61 million sale price represents $213,287 per unit and $354 per s/f.
Slate Property Group secures $85 million refinancing for Dutch House
August 15, 2023
Long Island City, NY Slate Property Group (“Slate”), an owner, operator, developer and lender, primarily focused on multifamily in the New York metropolitan area, has closed on an $85 million
The Feil Organization signs 19,326 s/f lease with Lockton Re at 261 Fifth Ave.
August 15, 2023
Manhattan, NY The Feil Organization, a premier national real estate investment firm, announced that it has signed a 10-year, 19,326 s/f lease with Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker across the entire 10th floor of
ATCO Properties & Management completes six new renewals totaling 30,000 s/f
August 15, 2023
Manhattan, NY ATCO Properties & Management announced that six of its current office tenants have signed lease renewals totaling 29,668 s/f across three midtown properties: 555 Fifth Ave., 630 Third Ave
Crown Heights Building sold by ERG Commercial Real Estate
August 15, 2023
Brooklyn, NY ERG Commercial Real Estate announced the sale of a six-unit multifamily building for $800,000. The 7,308 s/f three-story building at 1251 Lincoln Pl. is a fully rent stabilized building built in 1908. It sold for a cap rate of 7.9%; $133,333 price per unit and $109 price
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