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United Federation of Teachers to relocate Bronx office to Co-op City
March 14, 2023
Bronx, NY JLL arranged the United Federation of Teachers (UFT) lease of 45,000 s/f office space at 2100 Bartow Ave., a four-story office building in the Co-op City area. The UFT, which represents nearly 200,000 active and retired teachers and other professionals, will relocate its Bronx office from 2500 Halsey Ave. to occupy a portion of the fourth floor of the building, which was developed by Prestige Properties as part of the two-million-square-feet mixed-use Bay Plaza development.
Good+Foundation expands offices at 307 West 36th St.
March 14, 2023
Manhattan, NY GFP Real Estate, LLC represented the Good+Foundation, a nonprofit founded by Jessica Seinfeld in 2001 that “works to dismantle multi-generational poverty by pairing tangible goods with innovative services for low-income fathers, mothers and caregivers, creating an upward trajectory for the whole family,” in a five-year lease for 10,250 square feet at 307 W. 36th St. in Manhattan’s Garment District.
Progress Capital arranges $60 million acquisition loan for business park
February 28, 2023
Herndon, VA Progress Capital’s partner, Brad Domenico secures $60.5 million in acquisition financing for Fred Arena, CEO of Vision Properties to purchase South Lake at Dulles Corner Business Park
The Olayan Group welcomes Junto Capital Management to 550 Madison Ave. with 25,000 s/f lease
March 14, 2023
Manhattan, NY The Olayan Group represented investment advisory firm Junto Capital Management in a lease for 25,000 s/f at 550 Madison Ave., the landmarked office building located between East 55th and 56th streets.
Helmsley Spear arranges lease For 420 Fifth Ave. with City Souvenirs USA
March 14, 2023
Manhattan, NY Helmsley Spear, LLC has represented City Souvenirs, USA in the new lease located at 420 Fifth Ave. The space covers 2,240 s/f of rentable retail s/f.
Anyword signs 4,924 s/f lease at ATCO Properties & Management’s 240 West 35th St.
March 14, 2023
New York, NY ATCO Properties & Management has arranged a lease for data-driven artificial intelligence (AI) copywriting platform. Anyword has signed a 4,924 s/f lease at 240 West 35th St., an 18-story, 165,000 s/f class A office building in the Garment District.
GFP Real Estate arranges leases at 505 Eighth Ave. totaling 10,857 s/f
March 14, 2023
Manhattan, NY GFP Real Estate, LLC arranges three new lease transactions totaling 10,857 s/f at 505 Eighth Ave. “We’ve seen a lot of leasing activity in the Garment District, including long-term renewals of tenants extending their leases as companies begin looking past COVID, workers return to the office and retail traffic continues to pick up,” said Allen Gurevich, senior managing director of GFP Real Estate.
The Feil Organization signs four leases totaling 19,024 s/f at 261 Fifth Avenue
March 14, 2023
Manhattan, NY The Feil Organization has signed four leases totaling 19,024 s/f with a variety of tenants at 261 Fifth Ave., an unparalleled office building in the NoMad submarket. Biologique Recherche USA (B.R. USA) renewed its lease and expanded its footprint by 70%, while several new tenants, including Grasshopper Bancorp, Inc., Fleurish NYC and Bold PR LLC, were welcomed to the building.
Cresa brings 777 Partners to Posh Penthouse offices at One Madison Avenue
March 14, 2023
Manhattan, NY Cresa Global Inc. (Cresa) managing principal Peter Sabesan and principal Gregg Cohen have arranged a 15-year lease for the new 18,476 s/f New York City headquarters of 777 Partners at One Madison Ave., a premier office tower being developed by SL Green Realty Corp.
JLL arranges 40,240 s/f lease at Minskoff’s Midtown trophy
March 14, 2023
Manhattan, NY JLL has arranged a 40,240 s/f lease of premier office space at 1166 Ave. of the Americas,for Axis Insurance. The 44-story skyscraper occupies the entire block front of Ave. of the Americas between 45th and 46th St. in Midtown. Axis Insurance will relocate from 1211 Ave. of the Americas in Q4 2023, to occupy the entire 17th floor of the property.
JRM Construction Management completes construction in Woodland Park, NJ
February 28, 2023
Woodland Park, NJ JRM Construction Management has successfully completed a major construction project for a confidential client’s Headquarters office building. The project totaled approximately 24,000 s/f and was
OPEN Access expands its reach to close the racial knowledge and access gap in community development...
March 14, 2023
New York, NY After two successful years, Open Access, an independent 501(c)3 aimed at increasing diversity, equity & inclusion in community development finance, an industry that serves many Black and Latinx communities but remains grossly underrepresented by diverse professionals, is expanding its reach in terms of career focus, geography, and sponsorships as it launches its third annual program.
Short Term Capital buys $3.9 million non-performing loan - 16,907 s/f
March 14, 2023
Hempstead, NY Short Term Capital, a New York-based family office, has purchased a $3.9 million non-performing note from the lender of a commercial property owner. The 16,907 s/f property, located at 999 Hempstead Tpke.
Ariel honors employees with multiple awards, recognitions, and promotions
March 14, 2023
New York, NY Ariel Property Advisors (Ariel) has been honored with multiple internal recognition awards to its top producers, leaders and rising stars for their achievements throughout 2022. In addition, Ariel announced several internal promotions as the company continues to elevate and grow its leading team of professionals.
L&L Holding Company signs Polsinelli PC to 10-year lease
March 14, 2023
Manhattan, NY L&L Holding Company has finalized an agreement with Polsinelli PC to expand and extend its NYC headquarters lease at 600 Third Ave., L&L’s 42-story office tower in the Midtown East District. Polsinelli signed a 10-year lease extension that will keep it at 600 Third Ave. through at least 2036, while also expanding by 13,129 s/f across the entire 33rd floor.
Olayan Group leases 15,000 s/f to Kim for new restaurant space
March 14, 2023
Manhattan, NY The Olayan Group has partnered with Gracious Hospitality Management’s (GHM) founder and visionary restaurateur Simon Kim, who created Michelin-starred COTE Korean Steakhouse, to bring a new, multi-faceted dining concept to 15,000 s/f of space across three levels at the base of Olayan’s 550 Madison Ave.
HGAR appoints 2023 president and board of directors at installation gala
March 14, 2023
White Plains, NY The Hudson Gateway Association of Realtors (HGAR) inaugurated Tony D’Anzica, owner of Dynamax Realty NYC Inc. in Manhattan, as its 2023 president. HGAR also appointed its 2023 executive officers and directors at its Installation Gala, held at Marina Del Rey. The Tito Puente Jr. Band provided entertainment for the event.
Larkin to instruct March 21st course
March 14, 2023
Verona, NY On March 21st, NYSCAR will feature Joseph Larkin, CCIM, MCR, SIOR teaching Real Estate Investment Measurements Using Excel. Time: 11:00 am – 1:00 pm via Zoom
Kelly of Hanna Commercial Real Estate named NYSCAR Realtor of the Year
March 14, 2023
Albany, NY James Kelly, CCIM, Hanna Commercial Real Estate, Syracuse, was named NYSCAR’s Realtor of the Year for 2022 during the February 7 NYSCAR board meeting. The NYSCAR Realtor of the Year award is given each year to recognize an outstanding active member of the New York State Commercial
Cronheim arranges $9.1 million in financing for two mixed-use properties
March 14, 2023
New York, NY Cronheim Mortgage has secured $9.1 million in permanent financing for two mixed-use buildings in NYC. Andrew Stewart, Dev Morris, and Allison Villamagna placed the financings with Farm Bureau Life Insurance Company, whom Cronheim represented as correspondent and servicer.