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Steven Kratchman Architect embraces vertical expansions
June 16, 2020
New York, NY During the past 20 years, Steven Kratchman Architect, PC (SKAPC), has completed over 50 vertical expansions to existing buildings. While adding upward is certainly not a new concept, its desirability has increased in tandem with
Spacesmith commissioned to design large-scale production facility for Upriver Studios – 104,000 s/...
June 16, 2020
Saugerties, NY Expanding its presence in Upstate New York, the international architecture and interiors firm Spacesmith has been commissioned to design Upriver Studios.
COOKFOX Architects completes Chelsea Thicket office building with biophilic design principles
June 16, 2020
Manhattan, NY COOKFOX Architects completed 512 West 22nd St., a new office building on the High Line at a spot known as the Chelsea Thicket. Like all COOKFOX projects, the building was designed via principles of biophilia, for human health and well-being, for high energy
EW Howell Construction Group earns Willis Towers Watson Construction Safety Excellence Award
June 16, 2020
New York, NY EW Howell Construction Group, a leading education, retail, cultural, government and healthcare builder, took third place in its category at the Willis Towers Watson Construction Safety Excellence Awards (CSEA).
DXA studio honored for design of Midtown Viaduct 2020 NYCxDESIGN Awards by Interior Design and ICFF
June 16, 2020
Manhattan, NY According to DXA studio, their design of the Midtown Viaduct has been awarded the grand prize in the category of “Commercial” in the 2020 NYCxDESIGN Awards by Interior Design and ICFF. The awards celebrate
EFG/Saber Heritage SC moves forward on Hudson Heritage project in Poughkeepsie
June 16, 2020
Poughkeepsie, NY Developers are undertaking demolition and renovation work as they move forward with the Hudson Heritage mixed-use community being developed on 156 acres on Rte. 9
Urban Edge Properties launch Grab n’ Go program
June 16, 2020
New York, NY Urban Edge Properties has launched dedicated Grab N’ Go parking spaces at select New York, New Jersey and Puerto Rico properties to allow flexibility for those customers looking to pick up items
Somm Cellars Wine & Spirits takes space at Waterline Sq. development
June 16, 2020
Manhattan, NY According to GID Development Group, Somm Cellars Wine & Spirits, a wine store concept crafted by two sommeliers, has signed a retail lease at Waterline Sq., the three-building residential development
Meridian Capital Group secures $5.5 million financing
June 16, 2020
Baltimore, MD Meridian Capital Group arranged $5.5 million in financing to refinance Printers Sq., a multifamily community, on behalf of Matt Teichman, founder of BCI Management LLC.
GCP Capital Group arranges four deals totaling $17.905 million
June 16, 2020
New York, NY GCP Capital Group LLC has arranged mortgage financing for the following properties: $6.16 million for a five-story multifamily apartment building containing 53 units, located on Morris Ave. in
Eastern Union hires 75 brokers to handle agency refinancings
June 16, 2020
Brooklyn, NY Eastern Union has hired 75 new brokers to accommodate demand for its newly introduced quarter-point fee for refinancing multifamily properties backed by Fannie Mae or Freddie Mac, transactions known as “agency refinancings.
JLL closes $102.38m development site sale for Rosenberg; Naftali Group acquires 470 Kent Ave., fundi...
June 16, 2020
Brooklyn, NY According to JLL Capital Markets, it has closed on the sale of a development site at 470 Kent Ave. on the Williamsburg waterfront for Abraham Rosenberg. Naftali Group LLC acquired the property. The sale price was $102.38 million.
Savitt Partners signs lease with Hickory Lane Capital Management at 530 Seventh Ave.
June 16, 2020
Manhattan, NY According to Savitt Partners, a full service commercial real estate firm, Hickory Lane Capital Management has signed a lease at 530 Seventh Ave., located between 38th and 39th Sts., in the Garment District.
Polakoff of Avison Young leads team in $4.5 million sale
June 16, 2020
Manhattan, NY The Tri-State Investment Sales group for Avison Young completed the sale of 198 Prince St., a 5,000 s/f, four-unit boutique residential property in the SoHo neighborhood.
Haynes, Bestreich, Sproviero, Flaherty, and Lecky of Bestreich Realty Group sell development site in...
June 16, 2020
Brooklyn, NY Bestreich Realty Group (BRG) brokered the sale of 258 Eckford St. in the Greenpoint neighborhood, for $1.67 million, equating to $334 per buildable s/f.
RIPCO Real Estate handles $7.35m sale of Woolsey Station Post Office
June 16, 2020
Queens, NY RIPCO Real Estate (RIPCO) completed the sale of the 7,668 s/f, Woolsey Station Post Office Building located at 2268 31st St. (between 23rd Ave. and Ditmars Blvd.) in the Astoria neighborhood for
Cushman & Wakefield arranges $5 million sale of mixed-use property
June 16, 2020
Manhattan, NY Cushman & Wakefield arranged for the sale of 159 Bowery, a 4,252 s/f mixed-use property in the Lower East Side. The final sale price was $5 million.
How to deal with landlords in the age of COVID-19 - by Paul Fetscher
June 16, 2020
How is a retailer supposed to survive when he is restricted from opening? How should he deal with his landlord in these unprecedented times?
RELA NYC donates $5,000 to NYC Health & Hospitals
June 16, 2020
New York, NY The Real Estate Lenders Association (RELA) NYC Chapter donated $5,000 to NYC Health & Hospitals, one of the largest public health care systems in the nation. This donation will help to
Plus972 launches Plus972Cares to help businesses in COVID-19 recovery and creates relief network
June 16, 2020
New York, NY Plus972, a creative agency specializing in strategy, branding, marketing, and web services, has joined in COVID-19 recovery efforts with the launch of Plus972Cares. An initiative to aid businesses in recovery from