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Racanelli Construction earns ABC Platinum Level for safety
September 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
Investment Property Realty Group facilitates two sales totaling $10.125 million
September 27, 2022
New York, NY Investment Property Realty Group (IPRG) handled the following sales: 121 Bowery in Chinatown, Manhattan, sold for $5.15 million. This property is located between Grand & Hester St. The lot is built
REBNY accepting applications for its Fellows Program through Nov. 14
September 27, 2022
New York, NY The Real Estate Board of New York (REBNY), in collaboration with the Coro New York Leadership Center, one of the city’s premier civic leadership training programs, announced the call for the next generation of real estate
Penn Station, transit oriented development and the looming threat of eminent domain - Part 1 - by J...
September 27, 2022
We keep hearing about the Penn Station expansion project in the news. Every day, we see a new article about approvals for the project, what will be built, who will finance it and whether or not it is a good idea. But what about the properties that are
Deborah Smith of The CenterCap Group has built a reputation as a life-cycle advisor, providing custo...
September 27, 2022
New York, NY The New York Real Estate Journal (NYREJ) sat down with Deborah Smith of The CenterCap Group for a question and answer session. Smith is co-founder and CEO of The CenterCap Group and heads the firm’s strategic capital
Architect Ingels to to deliver keynote at CREtech Oct. 12-13
September 27, 2022
New York, NY According to CREtech, a leading community of professionals devoted to technological innovation in the real estate sector, architect and designer, Bjarke Ingels, will take center stage to present a keynote presentation on
Silverstein Properties secures 44,000 s/f expansion with Asana
September 27, 2022
Manhattan, NY According to Silverstein Properties, one of the city’s leading real estate development and management companies, Asana Inc., a leading work management platform, signed a 44,000 s/f office expansion at 3 World Trade Center
Sher of Katz & Associates reps. Lincoln Market for 7th location
September 27, 2022
Manhattan, NY Grocer Lincoln Market has inked a deal for a new store at 501 6th Ave. in Greenwich Village. Katz & Associates’ Scott Sher represented Lincoln Market in a 20-year lease for the 10,621 s/f store that is slated to open
CBRE and JLL handle lease expansion for SSRGA
September 27, 2022
Manhattan, NY Schwartz Sladkus Reich Greenberg Atlas LLP (SSRGA), a leading NYC-based full-service law firm, has expanded its existing 33,000 s/f lease at 444 Madison Avenue by 12,000 s/f, bringing its total presence in the building to a total of
Stenson of Brax Realty sells two Hell’s Kitchen buildings for $10.55 million
September 27, 2022
Manhattan, NY Alan Stenson, senior director of locally-based investment sales brokerage firm Brax Realty has completed the sale of two Hell’s Kitchen buildings in separate transactions. The first sale was a 9,390 s/f
KPG Funds reports 85% occupancy rate throughout its office buildings
September 27, 2022
New York, NY KPG Funds is bucking the trend when it comes to attracting and retaining tenants these days, post pandemic with most office buildings reporting lower occupancy rates. While the pandemic has caused a shift in what the
Jafri Capital arranges $2 million for hotel acquisition financing
September 13, 2022
North Brunswick, NJ Jafri Capital, LLC has successfully arranged a $2 million acquisition loan. Shahid Jafri originated, arranged, & negotiated the terms on behalf of the sponsor with a New
Five critical things to remember when deciding to do a 1031 exchange - by Dwight Kay
September 27, 2022
If you’ve picked up a financial publication recently, chances are you’ve seen references to 1031 exchanges. A 1031 exchange is a legal way for investors to defer their capital gains taxes on the sale of real estate held for investment or
CBRE secures 23,517 s/f on behalf of Savanna at 521 Fifth Ave.
September 27, 2022
Manhattan, NY Savanna, a NYC-based real estate investment manager, owner/operator and developer, announced two new leases totaling 23,517 s/f at 521 Fifth Ave., the 498,711 s/f, 39-story office building located on the corner of
JLL Capital Markets arranges $142m construction loan for Gowanus project
September 27, 2022
Brooklyn, NY JLL Capital Markets arranged $142 million in construction financing for Majestic, a ground-up, class A mixed-use development with 255 multi-housing units and 18,000 s/f of commercial space, located at 540 DeGraw St. in the
The NYC Playground is back - by Shallini Mehra
September 27, 2022
The lights have finally turned green again for the retail, service and entertainment sectors in post-COVID New York City. Although online shopping is here to stay, retailers, restaurants and businesses remain busy removing vacancy signs and replacing them with
Westchester IDA votes preliminary approval of incentives for Yorktown redevelopment project
September 27, 2022
Yorktown, NY The Westchester County Industrial Development Agency (IDA) has voted preliminary approval of financial incentives for the redevelopment of a vacant car dealership on Rte. 202 into a 16,000 s/f school bus storage facility
Taylor and Falzarano of M&T Realty Capital place two loans totaling $24.3 million
September 27, 2022
Melville, NY John Taylor and Donna Falzarano of M&T Realty Capital Corp. placed two permanent loans totaling $24.3 million secured by 510 Broadhollow Rd. and 175 Pinelawn Rd. A long-term life company correspondent lender financed the
Stav Equities and Safdie Realty Group broker $3.35 million
September 27, 2022
Brooklyn, NY Stav Equities alongside Safdie Realty Group, has brokered the sale of 57 Grove St., a 12-unit multifamily building in the Bushwick neighborhood. The brokers were able to assist ownership in buyouts, ultimately delivering 11 out of
RFR Realty and JLL secure 137,660 s/f lease; Cushman & Wakefield reps. tenant, Blue Owl Cap.
September 27, 2022
Manhattan, NY According to RFR Realty, Blue Owl Capital, a global alternative asset manager with more than $119 billion in assets under management, has leased 137,660 s/f of office space at the RFR’s Seagram Building, located at