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The Feil Organization expands MillerKnoll lease at 251 Park Ave. South
May 30, 2023
Manhattan, NY The Feil Organization said that MillerKnoll expanded its footprint by 15,331 s/f on the sixth and seventh floors of 251 Park Ave. South in the Gramercy neighborhood. MillerKnoll is credited with inventing the office cubicle
Ariel Property Advisors sells nine-unit
5,483 s/f multifamily for $4.75 million
May 30, 2023
Brooklyn, NY Ariel Property Advisors (Ariel) has sold a five-story, 5,483 s/f multifamily building at 170 Clinton St. in Brooklyn Heights for $4.75 million.
Walker & Dunlop arranges $81.7 million financing and equity for development of multifamily propertie...
May 30, 2023
Bronx, NY Walker & Dunlop has completed $50.8 million in financing and $30.9 million in LP equity for the development of three affordable, multifamily properties at 2710 Creston Ave., 2250 Aqueduct Ave. and 1751 Monroe Ave.
Cosentino, Norris, and Zimin of TerraCRG sell four buildings for $13.5 million
May 30, 2023
Brooklyn, NY TerraCRG said that partner Matthew Cosentino has closed on four commercial buildings totaling $13.5 million over the last thirty days. Cosentino and his sales team, including senior associate Rémi Norris
Helweil joins Loeb & Loeb as partner in real estate investments & transactions
May 30, 2023
Manhattan, NY Brian Helweil has joined Loeb & Loeb as a partner in the real estate investments & transactions department. Helweil represents a variety of clients in commercial real estate transactions covering
Rosenberg & Estis negotiates deal for Revel relocation to 7,000 s/f at 275 South 5th St.
May 30, 2023
Brooklyn, NY Rosenberg & Estis, P.C. represented Charney Companies and Tavros Capital in a lease agreement with electric vehicle company, Revel, to relocate its corporate headquarters and install an electric vehicle supercharging
JLL arranges $350 million debt and equity capitalization for construction of 363-unit The Italic
May 30, 2023
Queens, NY JLL’s Capital Markets group has arranged a $350 million debt and equity capitalization for the development of The Italic, a to-be-built, 363-unit, mixed-use community located at 26-32 Jackson Ave. in Long Island City.
Alternative lenders are busy filling the void created by banks exiting the lender finance space
May 30, 2023
Greenwich, CT Lancewood Capital closed over $100 million of new credit facilities for alternative real estate lenders as the family office begins to fill the void created among banks exiting the lender finance space.
Gross of Avison Young and Riley of JLL broker X-Golf lease for 8,840 s/f at 870 Central Park Ave.
May 30, 2023
Scarsdale, NY P. Lawrence Enterprises LLC has signed a sublease at 870 Central Park Ave. The agreement will bring X-Golf, a golf simulator experience, to the 8,840 s/f retail space. X-Golf Scarsdale is owned and operated by
Guaranty law held unconstitutional - by Thomas Kearns and Joseph Weiner
May 30, 2023
On March 31, 2023, in Melendez v. City of New York, the Southern District of New York declared N.Y.C. Admin. Code § 22-1005 unconstitutional. That COVID-era law – enacted in May 2020 – rendered personal guaranties for certain kinds
Shachnow and Snow join Adler & Stachenfeld as partners in the finance practice group and tax practic...
May 30, 2023
Manhattan, NY Attorneys Barbara Shachnow and Mitchell Snow have joined the Adler & Stachenfeld LLP (A&S) as partners in the finance practice group and tax practice group.
Fordham Real Estate Institute hosts U.S. representative Torres; led by Freedman of Brown Harris Stev...
May 30, 2023
Manhattan, NY The Fordham Real Estate Institute (REI) hosted U.S. representative Ritchie Torres, at its Lincoln Center campus for a conversation about affordable housing in New York City, led by Bess Freedman, CEO of Brown Harris Stevens (BHS) and member
VTS launches new tenant experience technology - VTS Activate
May 30, 2023
Manhattan, NY VTS has launched a new tenant experience technology offering, VTS Activate, which builds upon the proptech leader’s existing history in the TenEx space. VTS Activate goes beyond the strengths of both
Cuddy and Maurer-Hollaender of CBRE renew Mercy College's 125,522 s/f lease at Simone’s 1200 Water...
May 30, 2023
Bronx, NY Simone Development Companies has signed a long-term lease renewal with Mercy College for 125,522 s/f of classroom, administrative and amenities space at 1200 Waters Place, renewing the institution’s commitment
Understanding the 485-b tax exemption when planning construction or improvements - by Julia Lee
May 30, 2023
Commercial property owners often need to invest in building improvements to attract and maintain tenants. This cost is exacerbated by the inevitable increase in taxes due to physical change. Fortunately, the State of New York offers
Podell and Shalom of Cushman & Wakefield lease 9,655 s/f to MINISO at 5 Times Sq.
May 30, 2023
Manhattan, NY Cushman & Wakefield arranged a 9,655 s/f lease for MINISO at 5 Times Sq. The global lifestyle retailer will occupy space on the ground and second floors.
Royal Properties and Charter Realty lease 17,588 s/f to Sierra Trading Post at Poughkeepsie Plaza
May 30, 2023
Poughkeepsie, NY According to Royal Properties, Inc., Sierra Trading Post signed a 10-year lease with four five-year options for 17,588 s/f and is now open for business at Poughkeepsie Plaza, 2600 South Rd.
Mann and Newell of Friedman-Roth Realty Services sell 405 West 45th St. for $8.5 million - 30 apartm...
May 30, 2023
Manhattan, NY Jim Mann and Wells Newell of Friedman-Roth Realty Services have brokered the sale of 405 West 45th St. in the Hell’s Kitchen area.
Innovo Property Group and Affinius Capital close $334 million recapitalization of 2505 Bruckner Blvd...
May 30, 2023
Bronx, NY Innovo Property Group (IPG) with Affinius Capital LLC (Affinius Capital) closed a $334 million recapitalization of 2505 Bruckner Blvd., a one million s/f, urban industrial facility. The existing
Why promotional products work - by Carlton Cooper
May 16, 2023
Promotional products, also known as advertising specialties, are an effective marketing tool because they generate goodwill, increase brand recognition, and create a lasting impression on customers. Promotional merchandise is any item branded with a logo or message that is gifted to promote a brand, product, service, or message.
September Promotion
