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Kanney of KW Commercial Hudson Valley North awarded CCIM designation
September 22, 2020
Kingston, NY Nathan Kanney, CCIM, advisor at KW Commercial Hudson Valley North, has received the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute. The designation
Finiki of Largo arranges $2.7 million financing
September 22, 2020
Los Angeles, CA Tim Finiki, vice president of originations at Largo Capital, arranged $2.7 million in financing for an office building. The single-tenant property, located in
Wiesenberg and Caruso of CBRE act for Stillman Management Realty in 12,900 s/f lease
September 22, 2020
Harrison, NY CBRE arranged a 12,900 s/f lease for Stillman Management Realty at 440 Mamaroneck Ave. The property management firm, which was established following Garthchester Realty’s acquisition of Stillman Property Management, renewed its
Opportunities abound in commercial real estate, even now - by Matt Bordwin
September 22, 2020
The COVID-19 pandemic has turned the commercial real estate market upside down. Distressed properties are coming to market daily; tenants are seeking drastic rent reductions or trying to get out of their
Ground leased hotels - by Thomas Kearns
September 22, 2020
Because of my firm’s extensive ground lease practice, I have been involved in several default scenarios since the Coronavirus first started to affect New York City hotels. First, it’s important to remember that the city’s hotel market had been
Romano of Metro Realty and Pietrofere of NAI Long Island lease 7,400 s/f
September 22, 2020
West Babylon, NY Nick Romano of Metro Realty Services, LLC leased 7,400 s/f at 511 Sheffield Ave. Terms of the lease were
JLL completes 120,720 s/f lease for FTI Consulting at 1166 Avenue of the Americas
September 22, 2020
Manhattan, NY According to Edward Minskoff Equities Inc. and JLL, FTI Consulting, Inc. has signed a long-term lease for 120,720 s/f on three floors at 1166 Avenue of the Americas. With the completion of
Boulder Group arranges sale of net leased Dunkin’ – $654,000
September 22, 2020
Poughkeepsie, NY The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant ground leased Dunkin’ located at 2580 South Rd. The property traded for $654,000.
Bestreich and Reynolds of BRG sell development site for $1.03 million
September 22, 2020
Brooklyn, NY Bestreich Realty Group (BRG) completed the sale of 676 Halsey St. for $1.03 million. This development site is located between
Lincoln Property Co. renews 3,243 s/f lease for Mendham Capital Management
September 22, 2020
Basking Ridge, NJ According to Michael Taylor, senior vice president of Lincoln Property Co., on behalf of CIG Properties, Mendham Capital Management, Inc. has signed a long-term lease extension for 3,243 s/f on
DeSimone Consulting Engineers completes asset purchase of RRC Engineering
September 22, 2020
Plainville, MA DeSimone Consulting Engineers, a leading full-service engineering firm with offices worldwide, has completed the asset purchase of RRC Engineering, a Massachusetts-based structural engineering firm
Eastern Union launches new small loans division, Steinhardt appointed to lead new division
September 22, 2020
Brooklyn, NY Eastern Union has launched a new Small Loans Division. Sarah Steinhardt has been named director of the new Small Loans Division, which will primarily focus on multifamily deals valued at
Law: COVID-19 kicks public assembly uses to the curb - by Judy Simoncic
September 22, 2020
COVID-19 has left its mark on numerous sectors of our economy in ways we never would have imagined prior to March of 2020. The real estate sector is among one of those hit hardest by COVID-19. Under usual circumstances,
NKF secures 19,500 s/f showroom for Wren Kitchens
September 22, 2020
Levittown, NY Newmark Knight Frank (NKF) handled U.S. showroom leases for the UK’s Wren Kitchens within the tri-state region.
Buroni of Sutton Real Estate Co. brokers $170,000 sale
September 22, 2020
Syracuse, NY Matt Buroni of Sutton Real Estate Co. brokered the sale of 1001 N. State St. The sale price was $170,000.
Westchester County’s Local Development Corp. board approves $340 million bond financing
September 22, 2020
White Plains, NY The Board of Directors of Westchester County’s Local Development Corp. (LDC) has voted to approve $340 million in bond financing for two major not-for-profits.
SL Green completes $600 million refinancing
September 22, 2020
Manhattan, NY SL Green Realty Corp. closed on a new $600 million construction facility for 410 Tenth Ave., the company’s 636,000 s/f office redevelopment anchored by Amazon and First Republic Bank.
RFR acquires 575,000 s/f Midtown office tower for $350 million
September 22, 2020
Manhattan, NY According to RFR, it has acquired 522 Fifth Ave. in a $350 million transaction. The 23-story office tower is centrally located at 44th St., near some of the city’s transportation hubs
Rosewood Realty Group closes 528-unit multifamily portfolio; expands investment sales team
September 14, 2020
New York, NY Rosewood Realty Group completed the sale of two large new construction multifamily properties totaling 528-units in Texas as the company’s new National Investment Sales Division spreads out to states across the country closing deals beyond
Finding the solution: Mobile and in-office working in the post-COVID environment - by Thomas Vecchio...
September 11, 2020
Commercial property owners and office tenants in New York and cities throughout the nation have been on a roller coaster ride since shutdowns began in March. Anyone planning for re-entry into the workplace has endured psychological whiplash as the thinking on health, safety and