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Forever a Zero-Sum Game? - by Michael Ferruggia
December 27, 2022
Over the past several years, New York landlords, developers, investors and lenders have been realizing the impact and market disruptions affected by the Housing Stability and Tenant Protection Act of 2019 (HSTPA). This sweeping legislative initiative
Ariel Property Advisors arrange $33.6 million sale of multifamily portfolio
December 27, 2022
Bronx, NY Ariel Property Advisors (Ariel) arranged the $33.6 million sale of a portfolio comprised of six multifamily elevator buildings located at 111-119 Tudor Pl., 1170-1176 Walton Ave. and 309 East 164th St. in the Concourse
Romer Debbas LLP closes $10.1 million conventional acquisition loan for Greystone Servicing Company ...
December 27, 2022
Indianapolis, IN Romer Debbas, LLP, an award-winning boutique law firm that specializes in all aspects of real estate and general practice, has successfully represented Greystone Servicing Company LLC (Greystone) in the
Newmark facilitates $127 million financing of 575 Broadway
December 27, 2022
Manhattan, NY Newmark has arranged a $127.4 million loan for the refinancing of 575 Broadway, a mixed-use office and retail building. The Newmark team was led by vice-chairmen and co-heads of the Debt & Structured Finance team
Northmarq completes $5 million refinance of student housing property
December 27, 2022
Fredonia, NY Robert Ranieri, senior vice president/managing director of Northmarq’s White Plains-based regional office, arranged the $5 million refinance of Campus Edge at Brigham. The student housing property is a 169-unit apartment complex
ERG Commercial Real Estate complete $2.435 million refinance loan
December 27, 2022
New Rochelle, NY ERG Commercial Real Estate, a Long Island based commercial real estate firm, through an affiliate, delivered a $2.435 million refinance loan to the owner of a fully leased commercial property containing seven tenants
Newmark secures new lease for TUMI at 25 East 34th St.
December 27, 2022
Manhattan, NY Newmark has secured a 5,189 s/f long-term lease for a new concept location for luggage retailer TUMI, located at 25 East 34th St., ground floor retail of 180 Madison Ave. The new showroom and retail space will sit adjacent
Newmark signs three tenants to 185 Broadway
December 27, 2022
Manhattan, NY Newmark Retail has secured three new leases at 185 Broadway on behalf of SL Green Realty Corp. (NYSE: SLG). The leases, to tenants One Medical, Wells Fargo and T-Mobile, total 12,228 s/f. Newmark's vice chairman
Urban Edge signed Ashley Furniture to long-term, 24,211 s/f lease in Union, NJ
December 27, 2022
Union, NJ Urban Edge Properties (NYSE:UE) has signed Ashley Furniture to a long-term, 24,211 s/f lease at West Branch Commons. Replacing an empty Office Depot store, Ashley Furniture will anchor the property alongside
“Green” fashion textile manufacturer Greentex America signs new lease
December 27, 2022
Manhattan, NY According to GFP Real Estate, LLC, Miami-based textile manufacturer and distributor Greentex America has signed a five-year lease for 4,371 s/f on the 17th floor of 247 West 37th St
ATCO Properties & Management renews and expands lease with Betty Buzz
December 27, 2022
Manhattan, NY According to ATCO Properties & Management, Betty Buzz, a sparkling non-alcoholic premium drink mixer line, has renewed its lease and moved into a larger 2,101 s/f space at 381 Park Ave
Bronx Children’s Museum opens first long-term location
December 27, 2022
Bronx, NY Fried Frank acted as pro bono counsel to the Bronx Children’s Museum in negotiating agreements with the NYC Parks Department to provide the Museum with a long-term agreement for the physical location
Racanelli Construction achieves diamond level in the ABC’s national safety program for second cons...
December 27, 2022
Melville, NY Racanelli Construction Company, Inc., a leading construction management, general contractor and design/build resource for commercial, industrial, retail, medical, pre-engineered and multi-unit residential projects, has
RockFarmer Properties expands presence in San Antonio with acquisition of 104-unit rental property
December 27, 2022
San Antonio, TX RockFarmer Properties, a privately held, fully integrated vertical development and investment firm based in New York City—and Old Three Hundred Capital, an Austin, TX-based multifamily operator— have
Meridian’s Schechtman, Pollack, Kassin, and Lieberman sell six-story corner building for $18.7 mil...
December 27, 2022
Queens, NY An entity tied to property manager Jordan Cooper LLC sold a 60-unit apartment building at 108-50 71st Ave. for $18.7 million to a Rockville Centre-based LLC. The six-story, corner building was built
The Agency partners with the Rob Salamida Co. through Made in Broome program
December 27, 2022
Binghamton, NY Shoppers can now find a new product offering from the Rob Salamida Co. in partnership with The Agency both online and in stores. The “Taste of Broome County” box features two 32 oz. bottles of Salamida’s Original
Robert Martin Company completed 586,000 s/f of new leases and renewals in 2022
December 27, 2022
Elmsford, NY Robert Martin Company (RMC), one of the largest real estate management and development firms in Westchester County, has completed approximately 586,000 s/f of new leases, renewals, and expansions at its properties
Turnbridge Equities completes sale of 738,000 s/f warehouse portfolio in Newark, NJ
December 27, 2022
Newark, NJ Turnbridge Equities (Turnbridge), a real estate investment and development firm that invests in commercial and industrial opportunities in high-growth and high barrier-to-entry markets, in partnership with Long Wharf
Adduci elevated to partnership at Certilman Balin Adler & Hyman, LLP
December 27, 2022
East Meadow, NY Carrie Adduci has been elevated to the partnership at Certilman Balin Adler & Hyman, LLP. Adduci, previously an associate, practices in the Real Estate Group
Keystone acquires Walgreens Call Center in Orlando, FL
December 27, 2022
Orlando, FL Keystone National Properties (KNPRE), a real estate and private equity firm that specializes in impact and tax advantaged investment opportunities for accredited investors, has acquired a Walgreens Call Center for their