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SWBR and PARKlets for the People of Syracuse partner to celebrate National PARK(ing) Day
October 20, 2020
Syracuse, NY SWBR and PARKlets for the People of Syracuse partnered to mark National PARK(ing) Day on Friday, Sept. 18th. This is the third year SWBR has turned parking spaces on South Franklin St. into a
Marx Realty signs Target and H&M to Cross County Center in Yonkers
October 20, 2020
Yonkers, NY According to Marx Realty, a New York-based owner, developer and manager of office, retail and multifamily property across the U.S. and division of Merchants National Properties, Target and H&M have signed new retail leases at the rebranded Cross County Center
Lantern Real Estate arranges $41 million in bridge financing on behalf of Double U Realty
October 20, 2020
Brooklyn, NY Lantern Real Estate arranged $41 million in bridge financing for 56 North 9th St., also known as 87 Kent Ave., a mixed-use multifamily and commercial property in the Williamsburg neighborhood on behalf of
Urban Design Forum names WIP Collaborative winner of “Care for Hudson Sq.” design competition
October 20, 2020
Manhattan, NY According to Urban Design Forum, WIP Collaborative is the winner of “Care for Hudson Sq.,” a recovery initiative in partnership with Hudson Square Properties and Hudson Square Business Improvement District to reactivate the public realm with a site-specific installation. On King St. between Hudson and Greenwich Sts., WIP Collaborative’s installation is designed to act as a new interactive destination in Hudson Sq., a place for residents, office tenants, and the broader public to come together around a range of activities.
EW Howell Construction Group completes restoration of palm dome at NY Botanical Garden Conservatory
October 20, 2020
Bronx, NY EW Howell Construction Group completed renovation work on the palm dome of the Enid Haupt Conservatory at The New York Botanical Garden (NYBG), which reopened to the public on Sept. 22nd. The $18 million restoration project, which began in April 2019, upgraded the
Klövern AB and GDS Development top out Manhattan office building
October 20, 2020
Manhattan, NY According to Klövern AB of Sweden and locally based GDS Development (GDSNY), headed by architect Michael Kirchmann and Alan Rudikoff, 28 & 7, the new 12-story class A boutique office building located at 322-326 7th Ave., in the Chelsea neighborhood, has topped out. Kirchmann describes this topping out, which took place ahead of schedule, as, “A culmination of incredible teamwork.
Take measures to prevent cyber breaches - by Joseph Saracino
October 6, 2020
October is cyber security month and an excellent time for members of the real estate industry to review their current cyber security plan and take important steps to protect against cyber breaches. According to a KPMG report, over 50% of real estate businesses are not prepared for preventing a
Are you ready for the “new normal?” - by Paul Fetscher
October 6, 2020
The “new normal”… isn’t. We try to peer over the horizon to see what is ahead of us in the next quarter, next year and beyond. The picture is not very pretty. Retail real estate is different from any other type of
The value proposition of sustainable marine lumber - by Charles Zimmerman
October 6, 2020
Among New York’s greatest attributes are its many waterfront areas. Surrounded by the Atlantic Ocean, Long Island Sound and with countless rivers, lakes and arteries, it is a marine lover’s paradise. Striking the balance between conscientious commercial and
SIOR Snapshot Sentiment Survey shows rebound in market confidence
October 6, 2020
Washington, DC The Society of Industrial and Office Realtors (SIOR), has completed its August Snapshot Sentiment Survey, the fifth in a monthly series that began in April 2020. Designed to assess the impact of the COVID-19 pandemic on the
LERA opens new office in Seoul, South Korea
October 6, 2020
Seoul, South Korea LERA Consulting Structural Engineers (LERA), a structural engineering consulting firm based in New York, has opened a new office in the city. The office is
Darouvar and Oskar of Venture Capital Properties close East Harlem development site sale – $9.6 mi...
October 6, 2020
Manhattan, NY Kevin Darouvar and Roy Oskar of Venture Capital Properties represented both parties in the $9.6 million sale of a 60,000 s/f development site in East Harlem. The buyers, Certes Partners and Hakimian Organization, acquired
TerraCRG executes 11,226 s/f lease with Datacubed in Brooklyn; Stahl Organization is landlord
October 6, 2020
Brooklyn, NY TerraCRG completed an 11,226 s/f lease at 384 Bridge St., downtown. The tenant, Datacubed Health, a patient engagement and data collection company, signed a
Fish of Suffolk named chair-elect for 2021 Real Estate Roundtable Board of Directors
October 5, 2020
New York, NY The Real Estate Roundtable’s 24-member Board of Directors has approved John Fish, CEO and chairman of Suffolk, as the organization’s chair-elect, to begin his term as chairman of the Roundtable in mid-2021. The board also approved
Yellowstone injunctions in the era of COVID-19 - by Josh Sohn, Daniel Lewkowicz and Kerry Cooperman
October 5, 2020
The economic devastation wrought by COVID-19 has profoundly disrupted landlord-tenant relations across New York State. Thousands of businesses that were thriving just eight months ago have been forced to close permanently. Many commercial tenants bound by long-term leases, often
Norman Bobrow and Co. brokers 11,137 s/f lease for Atelier Ten USA; Samco Properties is landlord
October 5, 2020
Manhattan, NY Atelier Ten USA is doubling its space with a new 11,137 s/f office space at 104 West 29th St. in Chelsea. The international environmental design firm signed a 10-year, full-floor lease for
Cook Properties acquires 488-pad mobile home park portfolio in the Rochester MSA
October 5, 2020
Rochester, NY On September 17th, Cook Properties acquired the interests in a four-park portfolio consisting of 488 pads in the Rochester NY MSA. The four parks are located in the towns of Canandaigua, Farmington, and Batavia.
Ross of Largo secures $9.5 million in financing for TX industrial property
September 22, 2020
San Antonio, TX Kevin Ross, vice president of originations out of Largo’s Toronto office, has arranged a $9.5 million loan for the acquisition of a
Delisle of Island Associates negotiates $14.45m sale with Yukins of Marcus & Millichap
September 22, 2020
Miami Gardens, FL Roger Delisle of Island Associates Real Estate Inc. negotiated and closed the purchase and sale of the shopping center located at 17201 NW 27th Ave. for a purchase price of
Better ventilation = greater health and safety - by David Sachs
October 5, 2020
Wearing a mask, washing our hands, and social distancing are clear precautions we can take in the face of the COVID-19 pandemic. And many have taken refuge from the virus by spending more time outdoors in the safety of fresh air. But how can we protect ourselves when we’re indoors?