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JEMB Realty secures three tenants at 75 Broad St.
March 28, 2023
Manhattan, NY JEMB Realty Corp. said that two new tenants have relocated and moved in to 75 Broad St. and a third tenant, Modivcare, has signed a new 13,000 s/f lease. The three new tenants represent a total of 32,000 s/f of new leasing.
Rosenberg & Estis represents Durst Organization in LOOK Cinemas lease transaction at 625 West 57th
March 28, 2023
Manhattan, NY Rosenberg & Estis, P.C. served as legal counsel for The Durst Organization in a lease transaction to bring LOOK Cinemas to VIA 57 WEST, the Bjarke Ingles-designed apartment property at 625 West 57th St.
Denham Wolf sells 134 West 18th St. to Lucille Lortel Theatre - $5.35 million
March 28, 2023
Manhattan, NY Denham Wolf Real Estate Services secured the purchase of a three-story carriage house in Chelsea which will help support emerging artists, the creation of new theatrical works, and bolster the downtown theatre scene.
AmTrust RE signs Pollack, Pollack, Isaac & DeCicco to 16,375 s/f at 250 Broadway
March 28, 2023
Manhattan, NY AmTrust RE completed a 16,375 s/f lease at 250 Broadway, a 648,000 s/f office property. AmTrust RE was represented by Anne Holker, managing director of leasing and acquisitions, and Charles Borrok, Jonathan
Avison Young arranges five lot $22 million sale of development site
March 28, 2023
Long Island City, NY Avison Young has arranged the sale of a property comprising of five continuous lots at 32-43 49th St. to an LLC for $22 million. The assemblage, a two-story 15,700 s/f retail building, a 10,000 s/f
Cushman & Wakefield sells 13,520 s/f development site at 207 Fifth Ave. for $6.45 million
March 28, 2023
Brooklyn, NY Cushman & Wakefield has arranged the sale of a 13,520 s/f development site with approved plans for a 20,504 s/f mixed-use property located at 207 Fifth Ave. in the Park Slope neighborhood. The final sale price was $6.45 million.
GFP Real Estate inks two new leases at 80 Eighth Ave.
March 28, 2023
Manhattan, NY GFP Real Estate, LLC negotiated two new lease transactions totaling 8,958 s/f at 80 Eighth Ave. in Chelsea. Buckle My Shoe Preschool (Tribeca Nursery Center, Inc.), signed a 10-year lease for 6,635 s/f of retail
What’s happening in the NYC metro industrial market? - by Jakub Nowak
March 28, 2023
Industrial real estate has been the undisputed market darling over the last few years. Though it remains one of the best performing and most sought-after asset classes, rising interest rates and economic jitters have slowed down what was once a white-hot sector.
Featured Company: Lakhi General Contractor Inc. - Local Law 11 compliance and structural integrity s...
March 28, 2023
Brooklyn, NY For over 35 years Lakhi General Contractor Inc. (Lakhi GC) has specialized in high-rise façades within the Local Law 11 compliance sector. Founded by Gurcharan Singh, this highly specialized contractor has been
Town of the Month: Cortlandt, New York...Where life works
March 28, 2023
Cortlandt, NY There is a hidden gem nestled along the Hudson River, less than an hour train ride from midtown. It is the town of Cortlandt, where life works at home, work and play and it is prime for investment. Commercial space is often
Piercing the veil - WeWork style - by Thomas Kearns
March 28, 2023
Businesses often set up special purpose entities (SPE) to sign a lease as a tenant. The SPE’s are sometimes referred to as “shell” entities. The SPE is sometimes wholly owned by the ultimate parent company or co-owned with investors.
Catalon and Weiss of Cushman & Wakefield lease 18,850 s/f to Building Service 32BJ Health Fund
March 28, 2023
Manhattan, NY Cushman & Wakefield arranged an 18,850 s/f lease for Building Service 32BJ Health Fund (32BJ) at 22 West 19th St. The nonprofit organization will occupy the entire second floor.
United American Land proposes first project in SoHo/NoHo under new zoning rules
March 28, 2023
Manhattan, NY The first development in SoHo under new zoning rules passed by New York City Council in 2021 is coming to Canal St. and Broadway at 277 Canal St., according to leadership from United American Land (UAL).
BOMA Westchester roundtable focuses on state of county’s big cities
March 28, 2023
White Plains, NY City leaders from New Rochelle, White Plains and Yonkers provided their perspective on the state of their cities and the potential of future development and job growth at a roundtable hosted by BOMA Westchester
Meridian Capital Group arranges $44.5 million
to refinance The Hotel @ Times Square
March 28, 2023
Manhattan, NY Meridian Capital Group arranged $44.5 million in financing to refinance The Hotel @ Times Square. The transaction was negotiated by Meridian senior managing director, Morris Betesh
Local Law 11 is not a façade - by Gabriella Schwalbe
March 28, 2023
The scaffolding that surrounds your current office or apartment building seems like an everlasting nuisance. New Yorkers are fed up with the amount of time scaffolding stays up. Some buildings have been plagued by scaffolding for over a decade. New York City Council members
Simone of Concourse Realty sells four Bronx properties for $33.775 million
March 28, 2023
Bronx, NY Concourse Realty’s broker and owner, David Simone arranged the sale of four properties in three separate transactions. 1351 Jerome Ave., and 1342 Inwood Ave., sold for $20 million on March 1, 2023
The Feil Organization leases 13,809 s/f to HUMAN Security at 841 Broadway
March 28, 2023
Manhattan, NY According to The Feil Organization, HUMAN Security, a cybersecurity company, has signed a 13,809 s/f lease at 841 Broadway, an eight-story office building. The firm will occupy the entire second floor for seven years.
The Upstate New York Chapter of the Appraisal Institute to hold three CE seminars
March 28, 2023
Henrietta, NY The Upstate New York Chapter of the Appraisal Institute has an active education calendar for real estate appraisers again in 2023 for continuing education(CE) with upcoming seminars in April, May and June.
Walker & Dunlop arranges $131 million construction financing for Werwaiss Properties
March 28, 2023
Long Island City, NY Walker & Dunlop Inc., New York Capital Markets team arranged a $131 million construction loan for 23-10 42nd Rd. a 35-story, residential development situated at the convergence of the Court Sq. and Queens Plaza subdistricts.