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Columbia Pacific Advisors Bridge Lending provides $28 million loan to refinance LIC self-storage dev...
January 21, 2020
Queens, NY Columbia Pacific Advisors Bridge Lending, a platform within Columbia Pacific Advisors, has provided a $28 million loan to refinance
Changing strategies in New York City - by Andrew Dansker
January 21, 2020
The New York real estate industry is facing challenges in 2020. Major regulatory reforms have been enacted which have severe negative impacts on values and cash flows for owners of stabilized multifamily units. Further regulatory reforms are under discussion which
EQ Office and design studio, INC, partner for redesign of 1740 Broadway
January 21, 2020
Manhattan, NY According to EQ Office, it has commenced an extensive reshaping of the tenant experience at 1740 Broadway, which will offer employees more optionality in how they work. The transformation includes a redesign of the
Harbor Group International buys Aragon Holdings national portfolio for $1.85 billion; financing arra...
January 16, 2020
New York, NY According to Newmark Knight Frank (NKF) Aragon Holdings, LLC has sold a national portfolio of apartment properties
Marcus & Millichap completes three sales totaling $21.125 million
January 21, 2020
Brooklyn, NY Marcus & Millichap have completed three sales totaling $21.125 million: 132 54th St., a 35,500 s/f industrial property sold for $15.25 million. Jakub Nowak and Jake Torre, investment specialists at the firm, had the exclusive
Havens and Pardo of TerraCRG lease 1,650 s/f; Spiegel Associates acts for tenant
January 21, 2020
Brooklyn, NY TerraCRG has completed a lease at 105 Court St. Chris Havens and Caroline Pardo of the TerraCRG office leasing division represented the landlord, Chanin Court Associates. Ted Spiegel of Spiegel Associates acted on behalf of
Lowy of Juniper Capital secures $5.15 million loan
January 21, 2020
Brooklyn NY Juniper Capital Group secured a $5.15 million cash out refinance loan from Greystone for a 10-unit multifamily. Juniper Capital’s Nate Lowy negotiated loan terms that included
JLL arranges $63.6 million refinancing for The Umbrella Factory, mixed-use condominium project
January 21, 2020
Brooklyn, NY JLL Capital Markets arranged a $63.6 million loan to refinance The Umbrella Factory at 722 Metropolitan Ave., a mixed-use condominium and retail development in the Williamsburg neighborhood. The group worked on behalf of
Brooklyn MLS releases Bay Ridge sales report
January 21, 2020
Brooklyn, NY Brooklyn MLS issued their latest report focused on sales in Bay Ridge, as well as the overall median days on the market.
Kensington Vanguard National Land Services acquires GRS Title Services
January 21, 2020
New York, NY Kensington Vanguard National Land Services (KV), one of the largest full-service national title insurance and settlement agencies in the U.S., has acquired GRS Title Services, LLC, a national commercial title insurance agency.
Neugeboren and Goetz of Savitt Partners negotiate three leases at 530 Seventh Ave.
January 21, 2020
Manhattan, NY According to Savitt Partners, three new TAMI tenants have committed to leases at 530 Seventh Ave., the Fashion District’s main hub for office, technology and creative media tenants. The 490,000 s/f Midtown office
PM Pediatrics opens first Bronx location – 4,900 s/f
January 21, 2020
Bronx, NY PM Pediatrics has opened its newest location, 4,900 s/f at The Shops on Broadway, at 5740 Broadway in the Riverdale neighborhood. This marks their 19th location in the state, and its 52nd location nationwide.
Ezratty and Ellard of NKF represent Willowen Mgmt. for $21.5 million sale of 24 Woodward Ave., Queen...
January 21, 2020
Queens, NY Newmark Knight Frank (NKF) brokered the sale of 24 Woodward Ave., a last-mile distribution and warehouse on behalf of the seller, Willowen Management Corp. and the buyer, multinational logistics real estate investment trust Prologis,
Top 2019 legal developments affecting New York real estate - by Thomas Kearns
January 21, 2020
Among the numerous legal developments affecting New York’s real estate industry during 2019, the industry-rocking changes to the rent stabilization rules and several other notable developments stand out:
Question of the Month: How can organizations lower energy costs and support a more sustainable futur...
January 21, 2020
First 5: Tips to save energy, drive value and sustainability. In the past 30 years, energy business has changed. In today’s competitive environment, it has become hyper-critical to reduce our organizations’ operating expenses.
Hospitality: State of New York City hotel market - by Anudeep Gosal
January 21, 2020
We are presently witnessing the longest uninterrupted economic growth in modern history, with the hotel industry now 114 months into an expansion cycle. There are growing concerns of geopolitical issues and the risk of impending recession, though
Natter and Fuchs of Collaborative Group sell Hewlett Plaza for $4.1 million
January 21, 2020
Hewlett, NY Collaborative Group has completed the sale of the Hewlett Plaza shopping center. Andrew Natter and Hal Fuchs of Collaborative Group represented the buyer, Adam Parkoff, and seller, the Rinzler family, in the $4.1 million transaction.
Meshil of Royal Props. negotiates 2,500 s/f lease to Taco Bell in Vails Gate
January 21, 2020
Vails Gate, NY According to Royal Properties, Inc., Taco Bell signed a 10-year lease for 2,500 s/f in Big V Town Centre at 374 Windsor Hwy. (Rte. 32). Big V Town Centre is a 241,720 s/f
Norman Bobrow & Co. secures 17,644 s/f at 250 W. 57th St; Cushman & Wakefield act for landlord, Empi...
January 21, 2020
Manhattan, NY Distinguished Concerts International moved into a new 17,644 s/f space on the 19th floor of 250 West 57th St. overlooking Columbus Circle. Norman Bobrow & Co.’s managing director Matt Kashani, with
Orlander and Spielman of GFI Realty broker 288-unit apartment complex sale in Poughkeepsie – $35.3...
January 21, 2020
Poughkeepsie, NY GFI Realty Services, LLC handled the $35.3-million sale of 134 Innis Ave., a 288-unit garden apartment complex. GFI Realty associate director Josh Orlander represented the seller and Sylvia Spielman, also of GFI Realty,