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Consolidated-Tomoka Land Co. acquires 15,500 s/f retail for $7.1 million
October 15, 2019
Oceanside, NY Consolidated-Tomoka Land Co. acquired a 15,500 s/f store long-term leased to Party City Corp. Situated on 1.24 acres at 3098 Long Beach Rd. on Long Island’s South Shore, the property traded for
Brick Capital Partners secures three loans totaling $7.15 million
October 15, 2019
Queens, NY Brick Capital Partners LLC has secured three loans totaling $7.15 million: Through an affiliate entity, Brick Capital provided a $1.3 million blanket first mortgage to a private real estate owner. Located in the
Peck, Goldstein and Knapp of JLL arrange $386 million refinance for DTH Capital and Rose Associates ...
October 15, 2019
Manhattan, NY JLL has arranged $386 million in financing for 70 Pine St., a 66-story, 1.03 million s/f, mixed-use, Art Deco-style tower in the Financial District. JLL worked on behalf of the borrower, a joint venture between
Featured Development: Hastings Capital begins 25,560 s/f industrial development project for Queue So...
October 15, 2019
Bohemia, NY According to Hastings Capital, LLC, development is underway for a 25,560 s/f industrial warehouse for Queue Solutions, a PRM Group Co., at 175 Knickerbocker Ave. Queue Solutions has two current warehouses
Syracuse Realty Group brokers $950,000 sale and two leases totaling 17,600 s/f
October 15, 2019
Utica, NY According to Syracuse Realty Group, the firm has completed a $950,000 sale, and two leases totaling 17,600 s/f. Orazio Crisalli of Syracuse Realty brokered this sale of
Axiom Capital arranges $6.5 million permanent financing to refinance retail plaza in Greece
October 15, 2019
Greece, NY Axiom Capital Corp. has arranged $6.5 million in permanent financing for the refinance of a grocery anchored retail plaza. The non-recourse loan was for 10 years at a fixed rate amortized over
Yonkers IDA gives final financial incentives approval for $177.3 million development by Rose Associa...
October 15, 2019
Yonkers, NY The Board of Directors of the Yonkers Industrial Development Agency (IDA) has approved financial incentives for a development that will transform an industrial property into a new waterfront residential neighborhood with
Governor Cuomo names 16 new Certified Climate Smart Communities
October 15, 2019
Albany, NY Governor Andrew Cuomo named a record number of awardees for the Climate Smart Community Certification program, including the city of Buffalo and Erie County. In total, 16 local governments were recognized for
Investment Sales: Finding value in a new regulatory environment - by Justin Conway
October 15, 2020
The sweeping rent regulation changes enacted in Albany this June are forcing investors to seek new ways to find or create value. The business model has been changed from value-add, future cash flow investments to present cash flow investments, driving prices down to meet higher
DASNY and SUNY complete $19 million Plattsburgh Residence Hall
October 15, 2019
Plattsburgh, NY The Dormitory Authority of the State of New York (DASNY) and The State University of New York (SUNY), celebrated the on-time completion of the $19 million project to renovate SUNY Plattsburgh’s Whiteface Hall.
Roth of Manhattan Skyline signs 2,400 s/f retail lease
October 15, 2019
Manhattan, NY Manhattan Skyline Management Corp. has signed a long term 2,400 s/f lease agreement bringing Japanese eatery, Flippers, to 337 West Broadway in SoHo. Serving up specialty, soufflé-style pancakes – marked by their fluffy...
Soutendijk, Moran, Sandza and O’Rourke of Cushman & Wakefield rep landlord in 3,280 s/f lease
October 15, 2019
Manhattan, NY Cushman & Wakefield has arranged a long-term, 3,280 s/f lease for Wells Fargo at 1300 Third Ave. in the Upper East Side. The financial services company will occupy a portion of the ground retail property.
Hubner of Corporate Commercial Realty and Kontakis of Century 21 AA Realty broker $2.3 million sale
October 15, 2019
West Babylon, NY Anvil Ironworks a manufacturer and installer of custom made metal products serving the New York metropolitan area has purchased a 13,600 s/f building at 120 Otis St. for $2.3 million.
Sagamore Hill Partners officially launches
October 15, 2019
New York, NY Sagamore Hill Partners LLC, a real estate investment firm born out of a strategic partnership with the leading independent retail leasing and management company in the region, has launched. Led by partner and CIO Alex Janoff...
ERA Decker Real Estate joins HUNT Real Estate ERA, expands into Southern Tier
October 15, 2019
Whitney Point, NY HUNT Real Estate ERA has expanded its presence in the Southern Tier region by acquiring ERA Decker Real Estate, a locally-owned real estate firm. ERA Decker has served the region for nearly
Famularo and Goldberg of Meridian Retail Leasing complete 1,200 s/f lease for Koko Wings
October 15, 2019
Manhattan, NY Meridian Retail Leasing, the retail leasing division of Meridian Capital Group, has arranged a long-term lease for Koko Wings at 192 First Ave. in the East Village neighborhood. Meridian president of New York retail leasing, James Famularo, and director...
SL Green Realty to sell The News Building for $815 million
October 15, 2019
Manhattan, NY According to SL Green Realty Corp., it has entered into a contract to sell 220 East 42nd St. in Midtown for total consideration of $815 million, or $715 per s/f. The
Cain International places $750m for Aman and OKO Grp. project; construction financing provided by Ba...
October 15, 2019
Manhattan, NY According to Aman and OKO Group, they have obtained a $750 million construction loan from Cain International to finance the development of Aman New York which will occupy the
Aaron of Durst and Sutro/Kave of Lee NYC arrange 6,855 s/f lease; Hopscotch represented by Bokk of V...
October 15, 2019
Manhattan, NY According to The Durst Org., Hopscotch Montessori School signed a 20-year lease for 6,855 s/f on the ground floor at VIA 57 WEST. This will be the school’s second New York City location; the first is on the Upper East Side. The school is taking the last remaining retail space...
Trock and Parisi of CBRE lease 9,685 s/f to Buy Buy Baby
October 15, 2019
Manhattan, NY In a transaction arranged by CBRE, Buy Buy Baby, a division of Bed Bath & Beyond devoted to children’s merchandise and baby gifts, has signed a long-term 9,685 s/f lease for their second borough location on the ground floor of the Hotel...