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Feintuch of Refined arranges $4.75 million financing
May 16, 2023
Manhattan, NY Alec Feintuch of Refined arranged financing for two properties located in New York. The transaction featured $4.75 million in permanent financing for a commercial property located in Manhattan.
VITAL leases 45,000 s/f at Essex Crossing
May 16, 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, executed a 45,000 s/f lease with VITAL,
Yonkers IDA approves incentives for
$11.5 million transit-oriented development
May 16, 2023
Yonkers, NY The Yonkers Industrial Development Agency (YIDA) voted at its monthly meeting final approval of financial incentives for 70 Pier St., a $11.5 million mixed-use transit-oriented development in the Ludlow neighborhood.
Madison Realty Capital begins leasing for Woodside Central
May 16, 2023
Queens, NY Madison Realty Capital has launched leasing for the first of two towers at Woodside Central, a 478-unit residential property located at 46-09 69th St. and 46-10 70th St. in Woodside. In connection with the launch of leasing at the
Avison Young sells multifamily at 20 East 22nd St. for $10.25 million
May 16, 2023
Manhattan, NY Avison Young has arranged the sale of a multifamily property at 20 East 22nd St. for $10.25 million. The 10,512 s/f property is a 100% free market elevator property with 23 total units. The buyer, Danny Hakakian, president of Allied Realty Group, purchased the
Rosewood Realty Group sells 52,598 s/f for $12 million
May 16, 2023
Manhattan, NY Rosewood Realty Group brokered the sale of a mixed-use residential building in Washington Heights, with 54 rental apartments and five commercial spaces for $12 million.
Lilker Associates Consulting Engineers joins IMEG, expands regional footprint
May 16, 2023
New York, NY Lilker Associates Consulting Engineers joined IMEG, a national engineering firm on May 1, 2023. The announcement follows another recent IMEG merger with Long Island-based Cameron Engineering and expands the firm’s footprint in the state of New York
HKS Real Estate Advisors and Lee & Associates of NY negotiate $15.488 million sale of 354 West 52nd ...
May 16, 2023
New York, NY HKS Real Estate Advisors and Lee & Associates of NY negotiated the $15.488 million sale of a prime development site at 354 West 52nd St. in the historic Clinton neighborhood. The block-thru parking lot has 75 ft. of frontage
Why media coverage should be a constant in your marketing plan - by Harry Zlokower
May 16, 2023
Building credibility and awareness are two major principles of sound real estate marketing. But even more essential and difficult in today’s uncertain market are maintaining those challenging goals. Real estate professionals are often easily thrilled by the prospects
Hodges Ward Elliott arranges $77.5 million sale of 37 West 57th St.
May 16, 2023
Manhattan, NY Hodges Ward Elliott (HWE) has arranged the $77.5 million sale of 37 West 57th St., a 13-story, 80,000 s/f office building in the Plaza District. The property was purchased by Sedesco, who acquired the building in a fee simple interest transaction. An HWE
JLL Capital Markets brokers sale of three-building package for $20 million
May 16, 2023
Manhattan, NY JLL Capital Markets brokered the $20 million sale of a three-building, mixed-use, multi-housing and retail portfolio at the 42nd St. corridor. 321-325 West 42nd St. is a collection of three contiguous properties with a combined 75 ft.
WinnCompanies secures funding for $137m rehabilitation of 508-unit Pines of Perinton housing communi...
May 16, 2023
Fairport, NY WinnCompanies secured the funding for a comprehensive, $137 million rehabilitation of the Pines of Perinton, preserving the 508-unit, 43-acre community as a key source of affordable housing in greater Rochester for decades to come.
Why New York City could start to see more industrial sale-leaseback transactions - by Jakub Nowak
May 16, 2023
In recent years, sale-leaseback transactions have gained popularity across the United States. On the other hand, New York City has seen few such deals over the last decade relative to other markets. Given the current lending environment however, this trend is likely to change
BOMA NY Energy Action Day
May 16, 2023
Manhattan, NY Following its yearly participation with Earth Day, BOMA New York produced its annual signature event – Energy Action Day. On April 26th, the breakfast seminar at midtown’s Club 101 attracted the most notable CRE owners, managers, and service providers.
IREM NYC members tour the New York Life Building
May 16, 2023
Manhattan, NY Sharon Hart, CPM, senior director, New York Life Investors; Bob Sweeney, senior account director, Cushman & Wakefield and Anthony Greco, chief engineer, Cushman & Wakefield took IREM members on a basement to roof tour of the magnificent New York Life Building.
PWC New York's MWBE committee to host annual MWBE Connect Summit on May 18
May 16, 2023
Manhattan, NY On May 18th, Professional Women in Construction’s (PWC) Minority and/or Women-owned Business Enterprise (MWBE) Committee is hosting their annual MWBE Connect Summit at the Shaw Showroom. Panelists will be discussing current projects and opportunities
Laser cleaning: The safer and more effective solution for large-scale restoration - by Ron Fanish
May 16, 2023
Large-scale restoration projects are major undertakings — indeed, in severe cases restoring a property or other structure can be more time consuming than simply building a new one. There are many elements and techniques that go into a large-scale restoration project,
Do you need to prepare for Local Law 97? What does that mean to your building... and bottom line? -...
May 16, 2023
New York City enacted Local Law 97 (LL97) as part of the Climate Mobilization Act with the goal of an 80% emissions reduction by the year 2050. Starting in 2024, there will be annual energy related fines, or prescriptive measures for your buildings that need to be completed to be in compliance
Jonathan Rose Cos. restructures leadership team
May 16, 2023
Manhattan, NY Jonathan Rose Companies has created three new positions on its leadership team. Nathan Taft has been promoted to chief investment officer, Caroline Vary to chief operating officer, and Chris Edwards to chief construction officer. Following several years of significant growth,
Rudin appoints Yuksel as senior vice president
May 16, 2023
Manhattan, NY Rudin said that Sevinc Yuksel has joined the firm as senior vice president, head of design and construction. In this position, Yuksel will direct and oversee capital planning and design and construction activities