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Blumenfeld Dev. Group renews 20,000 s/f lease for NY Sports Club
July 11, 2023
Syosset, NY The Blumenfeld Development Group (BDG) has renewed NY Sports Club’s lease at their 9901 Queens Blvd. location for another 10 years, beginning in 2024.
Breslin Realty arranges three leases for Wild Fork Foods - 12,200 s/f
July 11, 2023
Lake Grove, NY Breslin Realty has arranged the following signings of three new long-term leases with Wild Fork Foods. Wild Fork Foods is a meat and seafood market with a selection of high quality food products at affordable prices.
Benenson Capital Partners appoints Boehm chief financial officer
July 11, 2023
Manhattan, NY According to Richard Kessler, chief operating officer, Benenson Capital Partners has appointed Suzanne Boehm as chief financial officer of the firm.
Park joins Merchants Capital as sr. vice president
July 11, 2023
Manhattan, NY Merchants Capital has hired Min Park as senior vice president, balance sheet construction. Park joins the firm’s New York office, which celebrated another year of record-breaking success, having closed more than $1.3 billion in debt financing in 2022.
OPEN Impact brokers 11,000 s/f lease for Part of the Solution
July 11, 2023
Bronx, NY OPEN Impact Real Estate LLC (OPEN) represented Part of the Solution (POTS) in a 11,000 s/f lease for a new office location at 2450 Grand Concourse. Stephen Powers and Lindsay Ornstein, founders of OPEN, with vice presidents Alexander Smith and Casey Noel, represented POTS.
JLL arranges $354 million capitalization for 734,000 s/f industrial project
July 11, 2023
Queens, NY JLL Capital Markets arranged the $354 million total capitalization for 28-90 Review Ave., a 4.03-acre, industrial development totalling 734,000 s/f in Long Island City.
Evin, Nelson and Peele promoted to Skanska USA Building’s sr. executive teams; Farland steps down
July 11, 2023
Manhattan, NY Skanska, a leading global construction and development firm, has made leadership shifts within its USA Building senior executive team. Kerim Evin, Anita Nelson and Greg Peele will apply their extensive industry expertise to new regional executive officer (REO) leadership
Hempstead Industrial Development Agency approves economic benefit incentives for 138,245 s/f project...
July 11, 2023
Inwood, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA) has approved a package of economic development incentives for a proposed warehouse that will boost revenues for taxing jurisdictions, especially the Lawrence School District.
G2D Group introduces Station One - a five-story mixed-use building
July 11, 2023
Riverhead, NY G2D Group is debuting Station One, a five-story mixed-use building located at 205 Osborn Ave. This development, following the launch of The Shipyard luxury apartment building in downtown last August, showcases G2D Group’s commitment to
Vargas of Gilco Realty negotiates two laundromat leases
July 11, 2023
Bronx, NY Gilco Realty LLC negotiated two leases with laundromats. Gilco Realty was the sole broker and Epifanio Vargas was the sole salesperson involved in both transactions.
Bayport Funding provides $4.95 million acquisition loan
July 11, 2023
Brooklyn, NY Bayport Funding has provided a $4.95 million acquisition loan for a Williamsburg site containing two existing mixed-use buildings that will each be converted into four-story residential rental buildings with ground-floor retail space.
Doshi and Mehra of Meridian sell two elevator buildings for $9.1 million
July 11, 2023
Brooklyn, NY Meridian Capital Group’s Amit Doshi and Shallini Mehra closed on their exclusive listing located at 288 and 295 Maple St. The two six-story elevator buildings are located in the Prospect-Lefferts Gardens neighborhood, span 74,622 s/f, and are currently configured with
Getting into ready position - by Shallini Mehra
July 11, 2023
The ever-changing rent regulations continue to pose challenges for New York City landlords. The combination of these laws with the higher interest rate environment has reduced values in some cases by 20 to 40%, with some assets now worth sub-debt levels. Many of the shorter-term loans coming due will
Benefits of NYSCAR membership - by Ira Zucker
July 11, 2023
Advocacy at the state capitol
NYSCAR is passionate about the laws that affect all of us, on local, state and national levels. Our affiliations with NYSAR and NAR give us a voice in opposing legislation that would hurt our industry as well as in supporting positive legislation. This political “watch dog” function of our organization
Ariel Property Advisors hires Schwartz, Schlegel, Yuhjtman and Brody; expands investment sales and ...
July 11, 2023
Manhattan, NY Ariel Property Advisors (Ariel) made several new hires, expanding the commercial real estate services and advisory firm’s investment sales and capital advisory teams.
Cushman & Wakefield leases 5,700 s/f at 360 Madison Ave.
July 11, 2023
Manhattan, NY Cushman & Wakefield arranged a long-term, 5,700 s/f lease for Mori Hamada & Matsumoto at Stawski Partners’ 360 Madison Ave. The full-service international law firm will occupy the 24th floor.
JLL represents landlord in Eton relocation to 330 Madison Ave.
July 11, 2023
Manhattan, NY MEAG, Munich Re’s asset manager, said that Swedish men’s shirts brand Eton has leased a ground floor retail space at 330 Madison Ave., the class A, 852,000 s/f tower that is 95% leased to tenants including Guggenheim Partners, JLL and Munich Re Group.
Weisbard joins Seyfarth Shaw as partner
July 11, 2023
Manhattan, NY Neil Weisbard has joined Seyfarth Shaw LLP as a partner, enhancing its real estate department in New York. Weisbard brings to Seyfarth extensive experience in land use, zoning, and administrative law matters, and securing construction
Feil Organization leases 7,896 s/f to First Look Media
July 11, 2023
Manhattan, NY The Feil Organization signed a five-year, 7,896 s/f lease with First Look Media across the entire 10th floor at 853 Bdwy. First Look Media’s new 10th-floor space is a new pre-built
Fordham Real Estate Institute honors
Gilmartin, Levine, and Fusco
July 11, 2023
Manhattan, NY Top industry professionals came together to celebrate three real estate colleagues who are changing New York City’s landscape and to support the real estate leaders of tomorrow at an event hosted by Fordham University’s Real Estate Institute (REI).
September Promotion
