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IPRG sells Tompkins Square portfolio for $29 million
January 17, 2023
Manhattan, NY Investment Property Realty Group (IPRG) negotiated the sale of Tompkins Sq. portfolio (five buildings) for $29 million.
MAG Partners closes transaction to develop mixed-income residential building
January 17, 2023
Manhattan, NY MAG Partners, the woman-owned development firm, closed on the leasehold acquisition for 335 Eighth Ave. with Penn South, an affordable housing cooperative located in Chelsea.
Meridian’s Schechtman, Pollack, Kassin and Lieberman sell 60 units for $18.7 million
January 17, 2023
Flushing, NY An entity tied to property manager Jordan Cooper LLC sold a 60-unit apartment building at 108-50 71st Ave. in Forest Hills for $18.7 million to a Rockville Centre-based LLC.
Cohen & Perfetto named to U.S. News Best Law Firms
January 17, 2023
New York, NY Cohen & Perfetto has been included in the 2023 edition of U.S. News Best Law Firms.
Mallon and Thrappe of Verada Retail lease 4,000 s/f to Baker Pediatrics
January 17, 2023
Brooklyn, NY Verada Retail said that Baker Pediatrics has signed a new long-term lease for 4,000 s/f at 510 Driggs Ave.
Sozio, Mahfar, Gold, and Shkury of Ariel sell six buildings for $33.6 million
January 17, 2023
Bronx, NY In partnership with Peter Hungerford of PH Realty Capital and Shlomo Tajerstein, David Kaye and Joe Listhaus of Rockledge purchased six elevator buildings in the Concourse Village area.
Resolution Real Estate leases at 45 West 34th St.
January 17, 2023
Manhattan, NY Dana Moskowitz, partner, and Jeffrey Zund, executive director/head of leasing of Resolution Real Estate Partners LLC arranged three new leases comprising 12,470 s/f and a 2,000 s/f office expansion at 45 West 34th St.
IREON’s winter mix-and-mingle
January 17, 2023
Long Island City, NY IREON members, along with their colleagues and friends, gathered together for a pre-holiday celebration of the winter season!
Stanley of Bobrow & Company leases 7,150 s/f to NY Foundation for Arts
January 17, 2023
Brooklyn, NY The New York Foundation for the Arts signed a 10-year deal to relocate from 20 Jay St. to 7,150 s/f offices across the entire ninth floor of 29 West 38th St.
Philipps of Katz & Associates leases 7,400 s/f
January 17, 2023
Manhattan, NY Katz & Associates’ Sean Philipps represented Housing Works Cannabis Co. in a lease at 750 Broadway (at 8th St.) for a recreational cannabis retail store.
Robert Martin Company completes 586,000 s/f new leases/renewals
January 17, 2023
Elmsford, NY Robert Martin Company (RMC) negotiated 586,000 s/f of new leases, renewals, and expansions at its properties in Westchester for 2022.
Featured Columnist: NYC CRE 2023 ramp up - by Jakub Nowak
January 17, 2023
As the curtain closes on another year, it’s time to take a look at what the crystal ball holds for New York City’s commercial real estate market in 2023.
Fry of Elegran Real Estate closes two unit sales at 111 West 57th St. for $34 million to Chinese buy...
January 17, 2023
New York, NY Chris Fry, a licensed associate real estate broker with Elegran Real Estate, has closed on two residences at 111 West 57th St. totaling $34 million. The residences were both sponsor units and purchased by the same individual.
JLL Capital Markets sells 298 Mulberry St. for $115 million to Empire State Realty Trust
January 17, 2023
Manhattan, NY JLL Capital Markets negotiated the $114.9 million sale of 298 Mulberry St., a 96-unit, market-rate, mixed-use rental apartment property on the corner of East Houston and Mulberry Sts. in the Noho neighborhood.
Lendlease closes $360 million construction loan for 1 Java St. - the 36-story, 834-apartment multifa...
January 17, 2023
Brooklyn, NY Lendlease and joint venture partner Aware Super closed a $360 million construction loan for the development of 1 Java St. The 36-story, 834-apartment multifamily development will rise along the Greenpoint waterfront.
Newmark arranges $535.8 million acquisition and redevelopment financing of 25 Water St.
January 17, 2023
Manhattan, NY Newmark has arranged a $535.8 million loan on behalf of GFP Real Estate (GFP), Metro Loft Management and Rockwood Capital for the acquisition and redevelopment of 25 Water St.
Question of the Month: 2022 a year to remember and recession concerns heading into 2023 - How will f...
January 17, 2023
As we end 2022 inflation reached its highest levels since the early 1980s. As a result, elevated inflation, supply chain disruptions, and higher interest rates have contributed to the global downturn.
Balardi, Boland, Calcagni, Moran, Price and Schneid promoted at Moritt Hock & Hamroff
January 17, 2023
Garden City, NY Moritt Hock & Hamroff have elevated Vincent Balardi, Brian Boland, Michael Calcagni, Jacquelyn Moran, Christine Price and Kelly Schneid to partner, and Lauren Bernstein, Alex Litt, Caitlyn Ryan and Jodi Zimmerman have been elevated to counsel, effective January 1, 2023.
Commercial classroom: Selling today’s customer - by Edward Smith
January 17, 2023
Today’s commercial real estate customer knows more about real estate than ever before, internet resources provide them with the ability to educate themselves about market conditions and available space.
Fetscher of Great American Brokerage sells 40,000 s/f Jericho Terrace
January 17, 2023
Mineola, NY Paul Fetscher CCIM, president of Great American Brokerage, sold Jericho Terrace a 40,000 s/f function and catering facility, located at 249 Jericho Tpke.