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Toco Warranty launches extended auto repair coverage offered directly as an employee workplace benef...
September 27, 2022
New York, NY Toco Warranty now offers plans directly to employers as an employee workplace benefit, in addition to their direct-to-consumer line. Toco Warranty’s expanded offering, called
Jack Kulka, founder of Kulka Construction Corp. and HIA-LI, dies
September 27, 2022
Hauppauge, NY Jack H. Kulka, PE, LEED AP, the founder of Kulka Construction Corp and founding member of the Hauppauge Industrial Association (HIA-LI), has died at the age of 79. The news was announced by his son, Devin
JLL represents landlord in 27,000 s/f full floor lease at 875 Third Ave.
September 27, 2022
New York, NY According to JLL, law firm Kaufman Borgeest & Ryan, LLP, has leased a full floor at Global Holdings Management Group’s Class A Midtown East office tower at 875 Third Ave.
Brookfield Properties complete three new office leases at Brookfield Place
September 27, 2022
New York, NY According to Brookfield Properties, three new office lease transactions totaling over 67,000 s/f have been completed at 225 Liberty St. in Brookfield Place. The three leases bring the building to 94% occupancy
Ferrara and Stenson of Brax Realty sell 126-unit SRO building for $6.7 million
September 27, 2022
New York, NY Michael Ferrara and Alan Stenson of Brax Realty brokered the sale of a 126-Unit SRO building for $6.7 million. The property, 342 West 71st St., was a 7-story elevator building with 34,312 s/f and had
Waypoint Residential closes on sale of Luma Headwaters, garden-style community in Orlando
September 27, 2022
Orlando, FL Waypoint Residential closed on the sale of Luma Headwaters, a garden-style apartment community to Houston-based Venterra Realty. The 328 -unit community is located on the I-9 corridor. The property is adjacent to Darden Restaurants headquarters, as well as two of the city’s most prestigious
Top brokers join Serhant and Chen at The Westly on Manhattan’s Upper West Side
September 27, 2022
New York, NY More than 50 top brokers joined Ryan Serhant, founder of real estate brokerage SERHANT. and Eran Chen, founding principal of ODA, on September 13th for an event at The Westly, a boutique condo development located at 251 West 91st St. on Manhattan’s Upper West Side. The event was held in The Westly’s latest
JRM Construction Management completes interior renovation of WebMD offices in Newark
September 27, 2022
Newark, NJ JRM Construction Management has completed the full interior renovation of the upcoming WebMD/Internet Brands Office located at Two Gateway Center at 283 Market St. The 99,000 s/f project entailed renovations across the third and fourth floors to accommodate new private offices, conference rooms, unique workstations
JRM Construction Management delivers boutiques for Peloton and Versace at The Mall at Short Hills
September 27, 2022
Millburn, NJ JRM Construction Management, LLC, (JRM) was selected to fit out two retailers within The Mall at Short Hills at 1200 Morris Tpke. The first retailer is a repeat client of JRM, Peloton, an exercise equipment and media company. JRM worked with CBRE, Howell Belanger Castelli Architects, and Thorson Baker & Associates to deliver Peloton
GFP Real Estate launches exclusive NFL ticket giveaway contest for tenants this fall
September 27, 2022
New York, NY As a means of celebrating and rewarding employees returning to work this Fall, GFP Real Estate has launched an exciting new ‘Fall NFL 2022 Giveaway’ contest, giving its tenants an opportunity to win VIP tickets to a Giants or Jets game at MetLife Stadium.
Enterprise Community Partners grants $4 million to Maryland and Michigan organizations to support ag...
September 27, 2022
New York, NY Enterprise Community Partners(Enterprise) announced the 16 recipients of the 2022 Thome Aging Well grants, which are part of a four-year, $19 million program to help older adults living in affordable communities age safely and securely at home.
Ariel Property Advisors arranges $14 million refinancing for Chesterfield Village
September 27, 2022
Chesterfield, MI Ariel Property Advisors has arranged a $14 million loan to refinance Chesterfield Village, a 156,960 s/f shopping center. The loan featured a 5.25% interest rate, 25-year amortization schedule and 5+5-year term with no prepayment penalty.
The Praedium Group completes Fund X fundraising
September 27, 2022
New York, NY The Praedium Group (Praedium) completed fundraising for its tenth fund. In total, Fund X raised more than $728 million in equity to invest in multifamily housing in suburban growth markets, primarily in the South and West. Fund X attracted new and existing investors including public and corporate pension funds, insurance companies
Urban Edge Properties signs David’s Bridal and Wren Kitchens at Wilkes Barre Commons
September 27, 2022
Wilkes Barre, PA Urban Edge Properties signed David’s Bridal for a new 8,108 s/f store at Wilkes Barre Commons. Slated to open later this year, the bridal store is relocating from a nearby mall location and will be adjacent to Marshall’s and Ross. This is Wren Kitchens’ first location in the region, where they have
JLL Capital Markets arranged the loan for Denholtz Properties’ Edgeboro Corporate Center in East B...
September 27, 2022
East Brunswick, NJ JLL Capital Markets arranged a refinancing for Edgeboro Corporate Center, a fully leased, two-building light industrial complex totaling 84,000 s/f. JLL worked on behalf of the borrower, Denholtz Properties, to place the 10-year, fixed-rate loan with a life insurance company.
Commercial classroom: Commercial fair housing laws - by Ed Smith
September 27, 2022
Do Fair Housing Laws apply to commercial real estate? The answer is yes. This is apparent when dealing with multi-family residential properties. But what about retail, office and industrial? Any type of discrimination is a violation of the Fair Housing Act. Specifically, federal law has seven protected classes: race, color, national origin, religion, sex,
Wright joins Avison Young as principal and director of land development services
September 27, 2022
Morristown, NJ Avison Young appointed Adam Wright as principal and director, land development services to provide clients with end-to-end development solutions across the northeast region and nationally. His diversified background includes more than 20 years of experience in architecture, entitlements, ground-up development and construction management
Kriss Capital provides $100 million loan for El-Ad's Alina Condos in Boca Raton
September 27, 2022
Boca Raton, FL Kriss Capital provided a $100 million construction loan to finance the second phase of El-Ad National Properties’ luxury 300+unit Alina Residences condominium project. The pair of condo buildings, already under construction, comprise the final portion of the project, which spans nine acres between Southeast Mizner Blvd.
Fordham University to host "Sustaining the Future of Real Estate"
September 27, 2022
New York, NY As climate change reshapes the landscape and our lifestyles, the real estate industry is facing difficult questions about adaptive reuse and building for a sustainable tomorrow.?What are the rules, and which construction designs, methods and materials are most effective??Where can
Avison Young team named construction manager for 74,000 s/f The Legacy in Orange, NJ
September 27, 2022
Orange, NJ A new 74,000 s/f residential building, dubbed The Legacy, has begun construction at 751 Vose Ave. Avison Young will provide construction management services and act as the general contractor over the course of the projected 12-month construction period. The ground-up, 5-story building, developed