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Cushman & Wakefield arranges sale of two retail centers, BJ’s Plaza and McKinley Milestrip - 416,5...
May 16, 2023
Hamburg, NY Cushman & Wakefield arranged the sale of BJ’s Plaza and McKinley Milestrip Center, two retail centers totaling 416,544 s/f located adjacent to each other at 4408 and 4405 Milestrip Rd. Cushman & Wakefield’s Gary Gabriel, David Bernhaut, Brian Whitmer, Frank DiTommaso and Max Helfman, in conjunction with...
Coldwell Banker Commercial Custom Realty and Pyramid Brokerage Company secure 58,535 s/f lease to Ne...
May 16, 2023
Rome, NY Mercedes Brien of Coldwell Banker Commercial Custom Realty and Jeffrey D’Amore, SIOR and James Dylan Furney, of Pyramid Brokerage Company executed a 10-year lease for a multi-building dispatch and maintenance facility in the Griffiss Business and Technology Park, 248 Otis St.
Executive of the Month: A Q&A with Magnusson Architecture and Planning’s newest principal, Brian L...
May 16, 2023
An expert, and advocate for equitable housing, planning and community development, Brian Loughlin is also an adjunct associate professor of Architecture and Real Estate Development at Columbia University, chair of the American Planning Association’s Housing and Community Development Division
Cushman & Wakefield arranges 6,700 s/f lease for Saatva
May 16, 2023
New York, NY Cushman & Wakefield arranged a 6,700 s/f lease for Saatva at 893 Broadway. The tenant, an e-commerce company that specializes in mattresses, will occupy the ground, mezzanine and lower level of the property. The Flatiron location will be
Zara Charitable Foundation and Mannan
Supermarkets fight Queen’s food insecurity
May 16, 2023
Queens, NY Zara Charitable Foundation and Mannan Supermarkets launched a new initiative to confront food insecurity among children in Queens County. This comes on the heels of federal cuts to nutrition programs–mainly Supplemental Nutrition Assistance Program (SNAP)
Ariel Property Advisors Capital Services team
secures $13.5 million acquisition financing
May 16, 2023
Manhattan, NY Ariel Property Advisors (Ariel) Capital Services team arranged $13.5 million in acquisition financing at 65% LTV for three adjacent free-market mixed-use buildings located in Hell’s Kitchen. The value-add buildings were over 40% vacant at close.
Le Botaniste to open at 11 West 42nd St.
May 16, 2023
Manhattan, NY Tishman Speyer said that Le Botaniste, an international restaurant serving plant-based cuisine, will open this spring at 11 West 42nd S. located at Bryant Park. Le Botaniste serves organic, vegan, plant-powered meals. The new location will offer
Over 1,000 attend REBNY Annual - Real Estate Board of New York networking event
May 16, 2023
Manhattan, NY The Real Estate Board of New York (REBNY) hosted more than 1,000 leaders of real estate, business and government at the REBNY Annual – a networking event for New York City’s real estate industry.
Urban Standard Capital provides
$20.1 million loan for 66 Clinton
May 16, 2023
Manhattan, NY Urban Standard Capital (USC) delivered a $20.1 million construction completion and condo inventory loan for 66 Clinton. Vault Development Partners and TLM Equities are developing the 12-unit luxury condominium building located in the Lower East Side.
Hapi Homes donates 10 modular homes to Ukrainian Red Cross and the city of Odessa
May 16, 2023
Manhattan, NY Hapi Homes LLC, a provider of prefabricated tiny homes, donated 10 two-bedroom homes to the Ukrainian Red Cross and the city of Odesa, Ukraine.The fully furnished homes—which will house local city workers and their families displaced by the war—were expected
SL Green Realty leases 17,862 s/f at 919 Third Ave.
May 16, 2023
Manhattan, NY According to SL Green Realty Corp., Cohen Clair Lans Greifer & Simpson LLP has signed a 10-year, 17,862 s/f lease covering a portion of the 34th floor at 919 Third Ave.
Northmarq completes $22 million refinance of 75,697 s/f Village Greens Shopping Center
May 16, 2023
Staten Island, NY Robert Delitsky, senior vice president/managing director, and Dylan Hamer, associate producer, of Northmarq’s New York debt/equity office, secured the $22 million refinance of Village Greens Shopping Center. The 75,697 s/f grocery-anchored retail shopping center
NEW is recipient of 2022 WANTO funding, two-year grant of $714,000
May 16, 2023
Washington, DC NEW is the recipient of 2022 WANTO funding, a two-year grant of $714,000. To continue its support of the Biden-Harris administration’s infrastructure, manufacturing and clean energy investments,
GFP Real Estate inks six leases at 515 Madison Ave.
May 16, 2023
Manhattan, NY GFP Real Estate, LLC negotiated six lease transactions totaling 28,804 s/f at 515 Madison Ave. in the Plaza District. • Zadig & Voltaire, a Paris-based fashion house, signed a 10-year lease for 12,000 s/f on the ground,
JLL leases 35,918 s/f at Tower 45
May 16, 2023
Manhattan, NY JLL has leased 35,918 s/f of office space in a series of transactions at Tower 45, the 458,446 s/f class-A tower located at 120 West 45th St., on behalf of owner Kamber Management Co.
GFI Realty Services sells 499 5th Ave. for $1.95 million
May 16, 2023
Brooklyn, NY GFI Realty Services, LLC brokered the $1.95 million sale of 499 5th Ave., a single-story net lease asset, located in the Park Slope neighborhood. GFI Realty associate director Kobi Zamir represented the buyer, a local investor. Moshe Goldberger,
Invictus Property Advisors and Stav Equities sell 38,259 s/f development site for $3.75 million
May 16, 2023
Brooklyn, NY Invictus Property Advisors (Invictus) and Stav Equities (Stav) negotiated the sale of a block-through development site on 48 Somers St. in the Bedford Stuyvesant neighborhood for $3.75 million. The property, located within an Opportunity Zone and eligible
Hempstead IDA gives final authorization to benefits package to assist upgrade of 875 Merrick Ave.
May 16, 2023
Westbury, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said the agency has given final authorization to a package of economic development incentives that will assist a developer update a more-than-40-year-old office building.
Cushman & Wakefield arranges sale of 552,341 s/f development site for $3.95 million
May 16, 2023
Medford, NY Cushman & Wakefield arranged the sale of a 552,341 s/f development site located at 590 Long Island Ave. The sale price was $3.95 million. Cushman & Wakefield’s Daniel Abbondandolo and Rob Cullen represented the seller, Mary Spina Realty,
Metropolitan Realty Associates completes 128,600 s/f lease extension with Duro Dyne National
May 16, 2023
Bay Shore, NY Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), said that Duro Dyne National Corp. extended its lease at 81 Spence St., leasing the entire facility for an additional 12-year term. The lease pushes Duro Dyne’s occupancy at the 128,600 s/f single-tenant