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Klosed Properties acquires two properties in Brooklyn for $1.2 million
November 17, 2020
Brooklyn, NY Klosed Properties acquired 940 Fulton St. in Clinton Hill, and 277 Nostrand Ave. in Bed-Stuy, at $1.2 million. • 940 Fulton St. is a retail condo, with 950 s/f. The retail space is leased to
Chisholm, Broda and Polsinelli of 60 Guilders sell office condos
November 17, 2020
Manhattan, NY Kevin Chisholm and Bastien Broda, managing partners of 60 Guilders, LLC along with Trystan Polsinelli have successfully sold a package of office condominiums totaling 56,000 s/f at 20 West 33rd St. This sale
Fordham Real Estate Institute, Columbia University and Counselors of Real Estate host CMBS webinar
November 17, 2020
New York, NY The Fordham Real Estate Institute (REI), the New York Metropolitan Chapter of the Counselors of Real Estate, and the Columbia Graduate of School of Architecture, Planning and Preservation hosted a virtual discussion
Largo arranges $16.5 million financing for two properties
November 17, 2020
strong>Montreal, QC Kevin Ross, vice president of originations out of Largo’s Toronto office, has arranged $16.5 million in financing for two Montreal properties. The first was a $10 million loan to
State of the New York City residential development market: What investors want now - by Eran Polack...
November 17, 2020
Investors are increasingly looking to purchase favorably priced residential properties, despite ongoing uncertainty in the Manhattan real estate market due to COVID-19. According to the Olshan Luxury Market Report,
Executive of the Month: David Margolius, EVP at Shawmut Design and Construction is committed to NYC ...
November 17, 2020
New York, NY The New York Real Estate Journal (NYREJ) recently sat down with David Margolius, executive VP of the New York Metro Region at Shawmut Design and Construction, for a question and answer session.
Richter launches KayoCloud cloud-based brokerage
November 17, 2020
New York, NY According to Joe Richter, CEO, KayoCloud, the first virtual, cloud-based commercial real estate brokerage in the U.S., has launched. After partnering with traditional firms over the past two years, KayoCloud is
Black of Horvath & Tremblay handles three retail sales totaling $7.168 million
November 17, 2020
Tully, NY Jeremy Black of Horvath & Tremblay completed the sale of three retail properties. The sales totaled $7.168 million. Black completed the sale of Kinney Drugs at 596 Route 11N. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2.421 million.
Mor and Jordan of Capital Property Partners broker $6 million sale
November 17, 2020
Manhattan, NY The Elo Organization has acquired a six-story mixed use building located at 37 West 46th St. for $6 million. Nir Mor and Rubens Jordan of Capital Property Partners were the brokers on transaction.
Welcome to Webinar Country - by Harry Zlokower
November 17, 2020
Before the pandemic, how many webinars did you view? If you are like many real estate pros, you no doubt prefer the real thing—to attend a breakfast, lunch or reception where you can snack and heavy duty network, while
Empire Commercial Construction building new Smokin’ Hot Chicks BBQ
November 17, 2020
Fairport, NY Empire Commercial Construction, a retail-specific company of regional general contractor Taylor–The Builders, is completing construction of the new Smokin’ Hot Chicks BBQ location at the redeveloped
Midwood Investment & Development brings Whole Foods to Eastgate Plaza
November 17, 2020
Garden City, NY According to Midwood Investment & Development, Whole Foods Market has opened a new location at Eastgate Plaza at 867 East Gate Blvd. The 55,000 s/f store is Whole Foods Market’s fifth location on
RM Friedland celebrates 50th Anniv. with new 8,300 s/f office in Harrison
November 17, 2020
Harrison NY RM Friedland unveiled its new, office suite. As a demonstration of its belief in a resurgence in the office market, RM Friedland has signed a long term lease at this new 8,300 s/f space at 440 Mamaroneck Ave. The company, which is celebrating its 50th anniversary
Ariel Property Advisors closes two sales: $9.2m
November 17, 2020
Bronx, NY Ariel Property Advisors has brokered the sale of two Bronx multifamily buildings at 425 Claremont Pwy. and 756 Fox St. The two assets sold for $5 million and $4.2 million, respectively. 425 Claremont is a 46-unit elevator building in Claremont spanning 56,700 s/f across six stories. Exclusive agents
Gazit Horizons secures 120,000 s/f lease with The Home Depot on the Upper East Side
November 17, 2020
Manhattan, NY According to Gazit-Globe, a leading global real estate company focused on the ownership, development, and management of shopping centers and mixed-use properties in major urban markets, its subsidiary, Gazit Horizons, Inc., has entered into a new lease agreement with
Greenpoint Landing celebrates Riverside Market
November 17, 2020
Brooklyn, NY Greenpoint Landing, a 22-acre development site that stretches for half a mile along the borough’s waterfront, celebrated the opening of Riverside Market, a 24-hour market, at 7 Bell Slip. The market is a
Thor Equities Grp. leases 6,800 s/f to Arc’teryx
November 17, 2020
Manhattan, NY Thor Equities Group has completed a new lease with Arc’teryx, a leading Canadian outdoor fashion retailer, at 139 Fifth Ave., a six-story landmark mixed-use commercial office and retail building for its latest
BFC Partners welcomes Verizon to Empire Outlets on Staten Island
November 17, 2020
Staten Island, NY According to BFC Partners, Verizon Wireless opened a new location inside Empire Outlets, the 350,000 s/f retail complex in the St. George neighborhood. The store opened in late October,
Hook & Reel Restaurant takes 5,656 s/f at Concourse Plaza
November 17, 2020
Bronx, NY Cajun seafood restaurant Hook & Reel has signed a 15-year lease for 5,656 s/f at Concourse Plaza, according to The Feil Organization, the shopping center’s owner and manager. Randall Briskin and Nicholas Dries,
New York City retailers and restaurateurs face unprecedented challenges in today’s market - by Jos...
November 17, 2020
New York City retailers and restaurateurs may, for the first time, see the availability of percentage-of-sales deals on a large scale. In a lease of that sort, the tenant does not pay a base rent, but a percentage of their sales income