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2021 Ones to Watch: Maia Butterfield, Alan Margolin & Associates
April 20, 2021
How do you keep your team motivated despite conflicts and obstacles? If I were asked this question 12 months ago, I’d likely have a different answer. NYC has faced some of the biggest challenges and obstacles our team has seen due to COVID-19. We’re ultimately experiencing an industry shift, provoking certain trends to emerge
NYC’s construction industry is building the future by looking at the city’s COVID limitations - ...
April 20, 2021
It’s often said that COVID didn’t change the industry as much as it accelerated longer-term changes that were already underway. There is a lot of truth to this. In the past year, we’ve seen new industries growing
Manhattan, one year later - by Joseph Aquino
April 20, 2021
One year after COVID-19 hit the world, it’s obvious that the virus has affected the real estate sector more than we wish to admit. The buzz about vaccination has created some hope that things will return to normal quickly—but don’t place your bets on a roaring 20s rebound.
New York City is making changes to income and expense annual reporting - by Peter Blond
April 20, 2021
While much of life continues to be a forced “new normal,” some things never change. The annual New York City requirement of reporting your prior year income and expenses contains a new poison pill; full rent roll data (including both commercial and residential units) must now be provided online by June 1st, 2021.
Greenspan and Kaufman of Kaufman Org. arrange 5,045 s/f lease to RTP Global
April 20, 2021
New York, NY According to Clarion Partners, LLC and The Kaufman Organization, RTP Global has signed a 5,045 s/f lease on the 17th floor at 100-104 Fifth Ave. Grant Greenspan and Michael Kaufman, partners of Kaufman, represented the landlord, Clarion Partners
RFR completes six new leases comprising 28,111 s/f at 17 State St. in Downtown
April 20, 2021
New York, NY RFR has completed six new leases at 17 State St., a 42-story, 571,000 s/f trophy office tower in Lower Manhattan. Ranging from financial services to healthcare technology and accounting firms, the six firms will account for a total of 28,111 s/f
JLL Capital Markets completes $32.325m sale of 1303-1309 Third Ave.
April 20, 2021
New York, NY JLL Capital Markets has completed the $32.325 million of 1303-1309 Third Ave., a premier corner development site on the Upper East Side. JLL worked on behalf of the seller Gastonia, LLC to complete the sale to the buyer EJS Group.
Helmsley Spear handles 43,542 s/f lease to Quest
April 20, 2021
New York, NY Helmsley Spear, LLC has represented the ownership of 48 Wall St. in a new long-term lease with Quest Workspaces for the entire 10th, 11th and 12th floors for a total of 43,542 s/f.
Industrious partners with Resolution Real Estate to operate 23,000 s/f coworking space
April 20, 2021
New York, NY Industrious has partnered with Resolution Real Estate Partners LLC to operate three floors of coworking space in the real estate company’s building at 251 West 30th St. Industrious will take over 23,000 s/f of space
Polakoff of Avison Young arranges $13.25m sale of 100 Second Ave.
April 20, 2021
New York, NY The New York City office for Avison Young completed the sale of 100 Second Ave., an eight-unit mixed-use asset located on 1st Ave. between East 5th St. and East 6th St. in the East Village
NYC real estate market update - by Romer and Harris
April 20, 2021
From all different angles, real estate can look different for everyone involved. Buyers see the tangible, brokers focus on facilitating the transaction to the satisfaction of the buyers and sellers, and the attorneys cross the proverbial t’s and dot the i’s to ensure that all interests are protected.
Bestreich Realty Group brokers $1.65 millikon sale
April 20, 2021
Brooklyn, NY Bestreich Realty Group (BRG) completed the sale of 94 Herbert St. in Williamsburg, for $1.65 million. This property is a three-family renovated and converted to a two-family with an owner’s duplex
DePasquale of Katz & Associates facilitates five leases totaling 9,338 s/f
April 20, 2021
New York, NY Daniel DePasquale, director, Katz & Associates, has closed five lease deals. He has two signed leases in Brooklyn, two in Jackson Heights, and one in Harlem. On behalf of Greystone Development, DePasquale’s signed leases:
Bideawee purchases building to serve as its NYC headquarters for $7.68 million - project’s archite...
April 20, 2021
Manhattan, NY Bideawee, one of the country’s oldest and most respected animal welfare and pet adoption organizations, has purchased a building to serve as its NYC headquarters for $7.68 million.
Mayo joins KZA Realty Group as sales agent
April 20, 2021
Bronx, NY KZA Realty Group has welcomed Westchester County, NY based Karen Mayo as the newest sales member to their team. Mayo has a wide range of client-facing skills that add value to the company’s goal of providing top
HUNT Real Estate fundraises for Foodlink
April 20, 2021
Rochester, NY The local branches of HUNT Real Estate ERA, through a Valentine’s Day-inspired event called “Share the Love,” collected $1,100 in donations and over 700 food items in support of Foodlink.
Rock the Bricks: L’Amour/Bensonhurst, Brooklyn - by Larry Ross
April 20, 2021
This month we feature legendary music venue L’Amour, formerly located at 1546 62nd St. in the Bensonhurst section of Brooklyn. It originally opened as a disco in 1978 and was converted into a rock club in 1981, in a rough area that was occupied
Question of the Month: How can you solve the “split-incentive” challenge through a green lease? ...
April 20, 2021
Over 70% of all energy consumed in major cities is attributed to buildings. To combat this high consumption, city governments have implemented energy reduction plans and regulations that require building owners and operators to reduce energy consumption and greenhouse gas emissions across the board.
Executive of the Month: As CEO of LMC, Harding leads the pioneering CRE services firm with an integr...
April 20, 2021
New York, NY The New York Real Estate Journal (NYREJ) recently sat down for a question-and-answer session with Matthew Harding, CCIM, CEO of Levin Management Corp. (LMC). The commercial real estate services firm leases and manages properties primarily in the New York/New Jersey regional market.
What we can learn from Westchester’s evolving office market - by Chris O’Callaghan
April 20, 2021
Famed American Bandstand host Dick Clark once clarified his multi-decade influence over the music industry. “I don’t set trends,” he offered, “I just find out what they are and exploit them.” Much the same can be said of Westchester County,