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FirstService Residential appointed property manager of The Axel
January 31, 2023
Brooklyn, NY FirstService Residential has been appointed manager for The Axel, a rental tower in the Clinton Hill neighborhood. Located at 545 Vanderbilt Ave., the 29-story building houses 284 apartments, 30,000 s/f of hotel-inspired amenity spaces, and 60,000 s/f of
Technology is the key driver of tenant experience - by Jeremy Bernard
January 31, 2023
When the office industry started to think about the occupier experience, it focused on occupied spaces. The layout became incredibly important, as did amenities. Investment was poured into ensuring that buildings had the best dining facilities, gyms, yoga, meditation studios, and ambient sound or living walls.
REBNY to host annual event at The Glasshouse on April 20th
January 31, 2023
Manhattan, NY The Real Estate Board of New York (REBNY), one of New York City’s leading real estate trade associations, said that its annual event will take place this year on April 20th. Hosted at The Glasshouse, the event will bring together industry leaders and public officials
Question of the Month: How can landlords avoid pitfalls when litigating against commercial tenants?...
January 31, 2023
Deciding to litigate against a commercial tenant that owes rent can be daunting. There is a minefield to cross between filing the lawsuit and obtaining an eviction or a judgment for the amount owed. It is best to be up to date and knowledgeable of the state and federal law, but the following can
Guilbet of Manhattan Property Group leases 2,237 s/f to Banreservas
January 31, 2023
Manhattan, NY Manhattan Property Group leased a 2,237 s/f retail space on the corner of Amsterdam Ave. and 181st St., on behalf of its client Banreservas (Banco de Reservas de la Republica Dominicana).
TF Cornerstone leases 4,000 s/f to Klarel at 95 Horatio St.
January 31, 2023
Manhattan, NY According to TF Cornerstone (TFC), Klarel has opened a pop-up at 95 Horatio St. Klarel, an Italian sourced, direct-to-consumer furniture company has opened its first brick-and-mortar store at the base of TF Cornerstone’s residential rental building,
Wagner named co-chair of land use practice at Kramer Levin
January 31, 2023
Manhattan, NY Kramer Levin has named Elise Wagner as co-chair of the land use practice with Paul Selver. Wagner succeeds Gary Tarnoff, who was integral to the success of the practice as co-chair and partner and will continue both to share his experience and expertise with colleagues and to provide services
Cosentino and Norris of TerraCRG sell two mixed-use buildings $5.37 million
January 31, 2023
Brooklyn, NY TerraCRG closed on the sale of two individual mixed-use buildings adjacent to each other on Park Slope’s 5th Ave. for a $5.37 million. Partner Matt Cosentino and senior
Benefits of exchanging into Delaware Statutory Trust properties - by Dwight Kay
January 31, 2023
There are a number of potential benefits associated with exchanging into a Delaware Statutory Trust (DST) 1031 property. However, it is important to note that these potential benefits should also always be carefully weighed with the potential risks that are possible with DST
Phillips of The Largo Group refinances 94,100 s/f retail plaza
January 31, 2023
Hamburg, NY Jack Phillips of The Largo Group of Companies arranged refinancing for a 94,100 s/f retail plaza. For decades, the property has served as a shopping destination with a mix of national, regional, and local
MRA and Angelo Gordon complete $31.9 million financing for three Long Island industrial properties
January 31, 2023
Ronkonkoma, NY Metropolitan Realty Associates (MRA) in partnership with Angelo Gordon, has completed a $31.9 million financing with IDB Bank for three Suffolk County industrial properties. The properties are part of a $50 million programmatic venture between MRA
Resolution Real Estate Partners arranges five leases in Midtown West
January 31, 2023
Manhattan, NY Moving five more businesses into Midtown West, Evan Lieberman, senior director/leasing, Resolution Real Estate Partners LLC, a member of NAI Global, and Michael Dylan of Inceptum, Inc. have completed leases for four fashion industry brands and a talent advisory firm,
Piedmont partners with Morris Adjmi Architects on 60 Broad transformation
January 31, 2023
New York, NY Piedmont Office Realty Trust, Inc., has launched a capital improvement program at its 60 Broad St. building. As part of the company’s ongoing investment in the 39-story glass and steel skyscraper, Piedmont has retained New York architect – and building tenant MA | Morris Adjmi
McKissack & McKissack featured at Anchin’s State of the Construction Industry event
January 31, 2023
Manhattan, NY Anchin hosted its 17th annual State of the Construction Industry event at the Harvard club. Industry leaders and executives gathered for a discussion on “What’s Next for NYC.” Hope Knight, president, CEO and commissioner of Empire State Development, was the keynote speaker, and the panel was moderated by Carlos Scissura, president and CEO of the New York Building Congress.
Perfetto and Nikolovienis named to 2022 Super Lawyers list
January 31, 2023
New York, NY Louis Perfetto, managing partner of the real estate law firm of Cohen & Perfetto LLP has been named to the 2022 edition of New York Super Lawyers for the sixteenth
Construction and leasing executives join Simone Development Companies
January 31, 2023
Bronx, NY Simone Development Companies has appointed two real estate industry veterans to senior positions in its construction and leasing departments.
SRS Real Estate Partners promotes Raymond to managing director and market leader
January 31, 2023
Manhattan, NY SRS Real Estate Partners promoted Britt Raymond to managing director and market leader for the New York Capital Markets team. In her new role she will provide guidance to the local brokers through day-to-day leadership, management, and business
F.W. Sims completes central terminal building replacement at the LaGuardia Airport
January 31, 2023
Queens, NY F.W. Sims, a subsidiary of Electra USA, completed a project working on a central terminal building replacement at the LaGuardia Airport. The goal of this project was to complete renovating the airport, including a unified terminal system, spacious gate areas, architecture and modern amenities to deliver a 21st century experience for passengers.
JRM completes new St. Francis College campus for Tishman Speyer
January 31, 2023
Brooklyn, NY JRM Construction Management has completed the new St. Francis College campus, spanning across the lobby, as well as floors 5 through 7 of the Wheeler Building. Located at 181 Livingston St., this property was a JRM core and shell project completed for Tishman Speyer.
Patiently waiting - by Shallini Mehra
January 31, 2023
The combination of the rent laws, inflation and interest rates have put many investors in a stalemate and forced others to make some tough decisions about selling their New York City assets. For some, it’s landlord fatigue with the regulations, rising operating costs and a decreasing bottom line.