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The Rosenblum Cos. opens third ValuSpace self-storage facility
December 3, 2019
Halfmoon, NY Public officials, business owners, and community leaders joined local real estate developer, The Rosenblum Cos., to celebrate the grand opening of ValuSpace Personal Storage facility, located at 1607 Rte. 9.
C&W|Pyramid Brokerage leases 262,347 s/f in seven deals, closes three sales totaling $4.17 million
December 3, 2019
Syracuse, NY Cushman & Wakefield|Pyramid Brokerage Co. (C&W|Pyramid) has completed the following sales and leases: MacKenzie-Childs leased 200,931 s/f at 123 Great Bear Rd., in Fluton. The subject is an industrial warehouse
Forte, Cruz and Peck of JLL arrange $8.3m industrial sale; Pagniucci leads JLL team to place $5.1m a...
December 3, 2019
Depew, NY JLL closed the $8.3 million sale of and arranged $5.1 million in acquisition financing for Bunzl Distribution Center, a fully leased, 152,000 s/f industrial warehouse and distribution center at
Bouck Bouck Real Estate facilitates sale of Auburn industrial property – 110,000 s/f
December 3, 2019
Auburn, NY According to John Bouck, broker/owner of Bouck Real Estate, an industrial building at 2 Willey St. has been sold for $250,000. The building, owned by Two Willey Street, Inc. is a four-story
Henrietta Public Library honored with ACEC NY engineering award; Team includes: Passero Assocs., EC4...
December 3, 2019
Henrietta, NY The new Henrietta Public Library, the latest addition to the Town Campus on Calkins Rd., has been recognized with a Gold Award in the ACEC New York 2020 Engineering Excellence Awards.
Meridian Investment Sales closes $47 million sale of 29-28 41st Ave. and places $32 million in acqui...
November 15, 2019
Queens, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, closed on the sale and financing for a multifamily building in Queensboro Plaza. The property sold for $47 million, (just under $500 per s/f) $408,000 per unit, a
A lawyer discusses interior design contracts: Addressing all major issues that can arise - by C. Jay...
November 19, 2019
Interior designers these days are working on increasingly large, complex projects with very large budgets. They may work directly for buildings or for individual co-op and condominium apartment clients. They may also be retained by
Business interest expense – The practical impact of Section 163(j) of the 2017 Tax Act - by Sandy...
November 19, 2019
Much has been written and discussed about the Tax Cuts and Jobs Act signed by the President on December 22nd, 2017 which made significant changes to deductions for business interest paid or accrued post December
Threats and opportunities for multifamily owners in a post rent-reform world - by Victor Sozio and D...
November 19, 2019
The passage of the Housing Stability and Tenant Protection Act of 2019 (HSTPA) was one of the most consequential developments to ever emerge in the NYC multifamily property market. While the new laws undoubtedly present a
Columbia Property Trust to acquire Normandy Real Estate Management
November 19, 2019
New York, NY Columbia Property Trust, Inc. has signed a definitive agreement to acquire Normandy Real Estate Management, LLC, a leading developer, operator and investment manager of office and mixed-use
New anchors are making a big splash in today’s retail real estate market - by Steve Gilman
November 19, 2019
In the evolving world of retail real estate, the supermarket has always been the ‘must have’ anchor tenant for a community center. Supermarkets controlled the largest spaces, they drove daily traffic day, night and weekends. Such deals came with
Fried Frank represents Brookfield Asset Mgmt. in $1.2 billion portfolio sale
November 19, 2019
New York, NY Fried Frank is counsel to a private fund controlled by Brookfield Asset Management in its $1.2 billion sale of a portfolio of five residential assets consisting of 2,800 rental apartment units
ICSC: Physical retail expected to fuel strong holiday spending
November 19, 2019
New York, NY ICSC forecasts a 4.9% increase in holiday spending over last year for a total of $832.3 billion, with the average adult spending $683 on holiday-related items. The annual Holiday Shopping Intentions Survey found
Glanzrock launches a new group known as “A Seat at the Table”
November 19, 2019
Manhattan, NY Cindy Farkas Glanzrock, a commercial real estate broker and curator, with a focus on gallery leasing and an art lobbyist who founded and operates Glanzrock Curatorial Services, has launched
Flatiron/23rd St. Partnership issues “Trending in Flatiron” report
November 19, 2019
Manhattan, NY The Flatiron/23rd St. Partnership issued “Trending in Flatiron,” a report showcasing the significant development and growth of the commercial and residential sectors in the
Question of the Month: What is the “Next Act” for struggling shopping centers and malls? - by A...
November 19, 2019
What better opportunity to create an affordable community than our existing retail centers? Many of these centers already have the criteria for success – a large land area, well-located in suburban locations, flexible zoning and vacancies to enable a complementary mix of uses. The
Royal Properties signs Planet Fitness for 20,769 s/f
November 19, 2019
Vails Gate, NY According to Royal Properties, Inc., Planet Fitness signed a 10-year lease with two five-year options for 20,769 s/f at Big V Town Centre, 374 Windsor Hwy., Rte. 32. Big V Town Centre is a 241,720 s/f shopping center with
Winick Realty Group brings seafood concept to 940 Columbus; Marchuk of Harvest International Commerc...
November 19, 2019
Manhattan, NY Seafood restaurant Mighty Catch has signed a lease for its first location in the borough, bringing the Oceanside, NY-based concept to the Columbia University market. The restaurant signed a lease at
Savanna completes two retail leases totaling 4,522 s/f at The Lee Building, 1825 Park Ave.
November 19, 2019
Manhattan, NY Savanna has leased over 4,522 s/f of retail space at 1825 Park Avenue, also known as The Lee Building: Zaro’s Bakery has signed a new 15-year lease for 1,387 s/f on the ground floor and 735 s/f of sub-level space. Jedd Horn and Chris Mombello of
Reasons why businesses or organizations choose to rent versus own their offices - Stephen Lasser
November 19, 2019
Few businesses or organizations in New York own their office space versus renting. There are many reasons why businesses or organizations, including real estate investment, management and brokerage companies, choose to rent versus own. However, the primary reason is probably