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Gibson Dunn adds Weinberger as partner
July 25, 2023
Manhattan, NY Gibson, Dunn & Crutcher LLP said that Michael Weinberger will join the firm’s New York office as a partner. Weinberger will continue his real estate finance practice, which is focused on commercial mortgage-backed securitization (CMBS)
BTEA’s SAFEBUILD forum shines
light on mental health in construction
July 25, 2023
Manhattan, NY The Building Trades Employers Association (BTEA), representing 1,200 union contractors in New York, held its annual SAFEBUILD national industry forum designed to promote worker safety and salute firms with best practices. Noting that the Centers for Disease Control (CDC)...
Loeb joins Benenson Capital Partners as CIO
July 25, 2023
Manhattan, NY Benenson Capital Partners has named former NYC Economic Development Corp. president and CEO Rachel Loeb its chief investment officer. She joins in this role as the 118-year-old firm begins to consider strategic planning of its vast portfolio
Why should you sell your cash cow?
July 25, 2023
Valley Stream, NY Remember when we were kids and our teacher asked, what we wanted to be when we grew up; at the top of our wish list was astronaut, doctor, and Mickey Mantle. Surprisingly 82,171 of us in New York became real estate salesman. It is not
McLaughlin named senior associate at Denham Wolf Real Estate Services
July 25, 2023
Manhattan, NY Denham Wolf Real Estate Services hired Maddie McLaughlin as a senior associate in project management services. As a senior associate, McLaughlin supports Denham Wolf’s clients and project management staff from the project’s onset and
Skanska-led JV with Halmar awarded $1.24b
JFK central terminal reconstruction contract
July 25, 2023
Queens, NY Skanska and joint venture partner, Halmar International, LLC, have been awarded a contract by the Port Authority of New York and New Jersey to carry out the $1.24 billion design and reconstruction of John F. Kennedy International Airport’s Central Terminal area roadways, utilities and ground transportation center (GTC). Parsons Corp. will serve as lead designer to the Skanska Halmar JFK Joint Venture.
Industry CEOs honored at Leonard Litwin New York City Real Estate Tree of Life Gala
July 25, 2023
Manhattan, NY On June 12 several hundred New York real estate leaders attended Jewish National Fund-USA’s annual Leonard Litwin New York City Real Estate Tree of Life Gala at the Rainbow Room to honor two industry icons for their invaluable
LH Charney leases to Miznon and Poke Bowl at 1410 Broadway
July 25, 2023
Manhattan, NY LH Charney said that three new leases have been signed at 1410 Bdwy. in Times Sq., totaling 6,000 s/f. The transactions include new tenants Miznon, a restaurant specializing in Israeli cuisine, and Poke Bowl, a Hawaiian
Ferrara and Stenson of Brax Realty sell $8 million 37-unit Gramercy Park building
July 11, 2023
Michael Ferrara and Alan Stenson of New York City based investment sales brokerage firm Brax Realty has completed the sale of 305 East 21st St. in Gramercy for $8 million. The 50’ wide, +/- 21,356 s/f apartment building was located between 2nd Ave. and 1st Ave. and had a total of 37 units. Ferrara and Stenson represented both the seller, a long term owner and also procured the purchaser, a private investor. This was the
Simone leases 57,544 s/f warehouse and 55,224 s/f of land to Kamco Supply
July 25, 2023
Bronx, NY Simone Development Companies said that building materials distributor Kamco Supply Corp. has signed a long-term lease for 57,544 s/f of warehouse space and 55,224 s/f of land at 1200 Zerega Ave. for the storage and distribution of building materials.
Welkis and Sternschuss of Welco Realty represent SFR Realty in 24,000 s/f lease to HomeGoods
July 25, 2023
New Hyde Park, NY Welco Realty negotiated a lease on behalf of ownership with HomeGoods, a division of TJX Companies to occupy 24,000 s/f, formerly occupied by Walgreens. Jerry Welkis and David Sternschuss of Welco Realty represented the landlord,
How will NYC’s Climate Mobilization Act affect commercial and multi-family residential properties ...
July 25, 2023
Local Law 97, commonly known as the Climate Mobilization Act (CMA), was passed by New York City lawmakers in 2019. The law imposes new environmental regulations on specific buildings covered by the statutes in New York City, with the goal of reducing greenhouse gas emissions
Goulston & Storrs moving to 730 Third Ave.
July 11, 2023
Manhattan, NY Goulston & Storrs, an Am Law 200 firm, announced that it is relocating its New York office to 730 Third Ave. on August 1, 2023. The move will increase the firm’s office footprint to 30,000 s/f (up from 25,000) to accommodate Goulston & Storrs’ growing headcount and continued expansion plans. The firm signed a ten-year lease, with renewal options
Volastra Therapeutics extends its lease at Manhattanville Factory District and Mink Building
July 25, 2023
Manhattan, NY The Janus Property Company said that Manhattanville Factory District and Mink Building tenant, Volastra Therapeutics, has renewed its lease. Volastra is a clinical stage cancer biotechnology company focused on exploiting chromosomal
Slate Property Group acquires 296-unit Queenswood Apartments
July 25, 2023
Queens, NY Slate Property Group closed on the 296-unit Queenswood Apartments complex in Corona. Tenants at 54-09 and 54-39 100th St. had been facing the expiration of their two buildings’ affordable housing program, but will now see that
Silverstein and Greenwood Gaming/Parx Casino to submit proposal for Avenir
July 25, 2023
Manhattan, NY Silverstein Properties plans to develop the Avenir, a hotel, casino, entertainment, and residential complex on the West Side. The 1.8 million s/f project will be located on 92,000 s/f of undeveloped land at 41st St. and 11th Ave.,
Hudson Valley iCampus signs new 57,197 s/f lease with Strides Pharma
July 25, 2023
Pearl River, NY Hudson Valley iCampus, one of New York’s premier research and innovation hubs in the Hudson Valley, signed a new lease with Strides Pharma, Inc., consisting of 57,197 s/f for chemical storage. The lease includes the entirety
Fried Frank advises Olayan Group in 144,000 s/f office lease
July 25, 2023
Manhattan, NY Fried Frank advised the Olayan Group on its 144,000 s/f leasing agreement with Clayton Dubilier & Rice to move the private investment advisory firm’s headquarters to Olayan’s 550 Madison Ave.
GFP Real Estate and Lee & Assocs. lease 2,457 s/f at 505 Eighth Ave.
July 25, 2023
Manhattan, NY Allen Gurevich, senior managing director of GFP Real Estate represented the landlord, GFP Real Estate in Counseling In Schools lease extension at 505 Eighth Ave. in Midtown, signing a seven-year lease for its existing 2,457 s/f
IREON holds Mix & Mingle event
July 25, 2023
Port Washington, NY IREON members, and commercial real estate industry guests gathered together on June 21, for their bi-monthly Mix & Mingle at Louie’s on the waterfront.
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