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Klosed Properties completes $950,000 Queens acquisition
September 22, 2020
Queens, NY According to Adam Hajibai, vice president of acquisitions at Klosed Properties, the firm closed the sale of
Syska Hennessy promotes Noel to director of information technology
September 22, 2020
New York, NY Engineering firm Syska Hennessy has promoted Frederick Noel, an information technology professional with more than 17 years of corporate experience, to director of information technology.
Tiffany & Co. unveils plans for contemporary glass addition
September 22, 2020
New York, NY Tiffany & Co. revealed exterior renderings of the transformation underway at its Fifth Ave. flagship store. The upper addition (floors 8, 9 and 10) of the 10-story property at 727 Fifth Ave.
Korren of Avison Young arranges 35,643 s/f for City National Bank
September 22, 2020
Manhattan, NY Avison Young has arranged a long-term, 35,643 s/f early lease renewal for City National Bank at 1140 Avenue of the Americas, a
Battery Park City Authority launches ten-year sustainability plan
September 22, 2020
New York, NY The Battery Park City Authority launched the Battery Park City Sustainability Plan, a comprehensive pathway of strategies, goals, and specific actions to achieve progressive
M.C. O’Brien handles four deals for Brooklyn Community Services
September 22, 2020
Brooklyn, NY M.C. O’Brien, Inc. completed leasing and disposition of several leases on behalf of its long term client, Brooklyn Community Services (BCS).
Camhi and Milunec of RFR broker leases at 375 Park totaling 25,069 s/f
September 22, 2020
Manhattan, NY According to RFR, Clayton, Dubilier & Rice (CD&R) signed a lease to expand its presence at the Seagram Building by 12,773 s/f. The firm now controls three full floors on a long-term
Sage Realty and JLL complete lease expansion for Cambridge Associates
September 22, 2020
Manhattan, NY According to Sage Realty Corp., the leasing and management division of the William Kaufman Organization (WKO), global investment firm Cambridge Associates is relocating and expanding
Schuckman Realty facilitates two sales totaling $4.425 million
September 22, 2020
New York, NY Schuckman Realty handled two sales totaling $4.425 million. Schuckman Realty facilitated the sale of a 6,069 s/f lot, with a two-family home that is being redeveloped into a 39,274 s/f building. The sale price was
Turnbridge Equities recapitalizes Bronx Logistics Center with joint venture partner Dune Real Estate...
September 22, 2020
Bronx, NY Turnbridge Equities, a vertically integrated real estate investment and development firm, announced the recapitalization of the Bronx Logistics Center, a class-A industrial development site
SMPS-NY names 2020-21 Executive Committee and Board of Directors
September 22, 2020
New York, NY SMPS-NY named a new Executive Committee and Board of Directors for the 2020-2021 chapter year.
Adduci of Certilman joins St. Johns University as an adjunct law professor
September 22, 2020
New York, NY Carrie Adduci, associate in the Real Estate Practice Group at Certilman Balin, is teaching a course in Applied Legal Analysis as an adjunct professor at
T. Weiss Realty Corp. staff participate in beach cleanup
September 22, 2020
strong>Melville, NY Members of T. Weiss Realty Corp. staff participated in the removal of invasive plants and assisted in a beach cleanup
Marcus & Millichap appoints DeGennaro CFO
September 22, 2020
Calabasas, CA Marcus & Millichap appointed Steve DeGennaro as CFO. DeGennaro will succeed Marty Louie, CFO since 2010. Louie will
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