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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?
Just how much has COVID changed us? - by Joe Aquino
October 5, 2020
I believe we have 18 more months of this pandemic. The word is that the vaccine should be out soon and that it will take nine months of distribution to reach everyone. Nine months. While that’s certainly music to our ears and sounds optimistic, what if they are wrong?
SSRGA welcomes Alin and Watkins as partners; Augenbaum, Sin, Stavis and Ulmann are associates
October 6, 2020
Manhattan, NY Schwartz Sladkus Reich Greenberg Atlas LLP, (SSRGA) a full-service law firm, has added six new team members. David Alin and Samuel Watkins have joined the firm as partners, while
Rock the Bricks: Copacabana/Lenox Hill Neighborhood - by Larry Ross
October 6, 2020
This month we look at the original location of the Copacabana nightclub which opened in 1940 at 10 East 60th St. in the Lenox Hill Neighborhood of New York City. The club, when first opened, had questionable mob ties and
Cushman & Wakefield arranges 30,000 s/f lab lease
October 6, 2020
Manhattan, NY Cushman & Wakefield has arranged a 30,000 s/f sublease on behalf of Opentrons at the Alexandria Center for Life Science, located at 430 East 29th St. This space serves as Opentrons’ first location in the area and will allow the biotechnology company to operate a Pandemic Response Lab
Exec. of the Month: Goldwasser of FIA Capital Partners, cuts through complexity to find opportunitie...
October 6, 2020
New York, NY The New York Real Estate Journal (NYREJ) sat down with David Goldwasser of FIA Capital Partners, our executive of the month, for a question and answer session. Goldwasser is the founder and principal of FIA Capital Partners, a diverse real estate company that specializes in