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Squires, Roth and Berniker of Cushman & Wakefield arrange $3.2 million sale of two-building, 8,842 s...
June 18, 2019
Bronx, NY Cushman & Wakefield has arranged the sale of 2542-2550 Boston Rd., an 8,842 s/f retail property. The final closing price is $3.2 million equating to $361 per s/f. Cushman & Wakefield’s Jonathan Squires, Eric Roth and Addison Berniker represented the seller, 2550 Boston Post Road Corp.
Isa and Franco of ISA Realty Group handle three retail leases totaling 7,600 s/f
June 18, 2019
Manhattan, NY Isa Realty Group has brokered three leases totaling 7,600 s/f in the borough. In the first lease, Louis Franco and Joseph Isa of Isa Realty Group represented the landlord (517-525 West 45 LLC)
Kook of Marcus & Millichap brokers $13 million sale of 9,000 s/f Rego Park retail building; Represen...
June 18, 2019
Queens, NY Marcus & Millichap has completed the sale of a four-tenant retail building located at 96-41 Queens Blvd., Rego Park, according to John Krueger, vice president and regional manager of firm’s
London: The best gets better! The retail picture remains strong despite economic cycles - by Joseph...
June 18, 2019
Despite the inevitable economic cycles that have recently impacted some London neighborhoods, the overall retail picture appears strong. Thirty international retailers made their Central London débuts last year. This trend continues in 2019, with a further 20 retailers committing to open their first London locations year-to-date.
The demand for development in Queens: 88% of neighborhoods to see an increase in activity - by Isak ...
June 18, 2019
Queens has been in the national press a lot in the past few months, with the news that Amazon would bring their headquarters here, then backing away due to political nonsense. Thankfully, due to the growing New York City population, the advent of the new Opportunity Zone law coupled with developer appetite...
REBNY celebrates honorees at 16th Annual Leadership Breakfast; Trimboli of CBRE receives Riguardi aw...
June 18, 2019
New York, NY Among the 10 awards presented to commercial property management professionals at the Real Estate Board of New York's (REBNY) 16th Annual Commercial Management Leadership Breakfast, Louis Trimboli was honored with The Edward A. Riguardi Commercial Management Executive of the Year Award.
Zegen of MRC arranges $50 million first mortgage
June 18, 2019
Brooklyn, NY Madison Realty Capital (MRC) has provided a $50 million first mortgage loan collateralized by a development project across 58 and 66 Gerry St. and coupled with an existing office building and additional development site at 25 and 33 Bartlett St. in the Broadway Triangle neighborhood.
Hayum and Hingson of Meridian arrange $15.7 million construction loan for a 64-unit mixed-use proper...
June 18, 2019
Queens, NY Meridian Capital Group arranged $15.7 million in construction financing for a mixed-use property in the Jamaica neighborhood. The 24-month construction loan, provided by a balance sheet lender, features a prime-based floating rate and full-term interest-only payments.
Papathomas joins Greystone Labs division as chief technologist
June 18, 2019
New York, NY Greystone has appointed Alex Papathomas as chief technologist for its Greystone Labs division to oversee the continued development and rollout of proprietary software serving Greystone’s commercial real estate clients.
GCP Capital Group arranges nine mortgages totaling $105.938 million
June 18, 2019
New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $105.938 million for the following nine deals: $34 million for a 32-story multifamily apartment building containing 250 units in Kew Gardens, Queens. Alan Perlmutter, managing member of GCP, arranged the financing.
Moreno of CPC arranges $6 million Fannie Mae Multifamily loan
June 18, 2019
Manhattan, NY The Community Preservation Corp. (CPC), Project FIND, the Joint Ownership Entity New York City (JOE NYC), and the NYC Department of Housing Preservation and Development (HPD) have closed on a $6 million Fannie Mae Multifamily Affordable Housing (MAH) loan
Cole Schotz advises G4 Capital in $94 million loan to HAP Investments
June 18, 2019
Manhattan, NY Cole Schotz P.C. has advised G4 Capital Partners on a $94 million loan to HAP Investments for construction of a 41-unit condominium in TriBeCa. The 19-story complex will be located at 65 Franklin St., which is currently home to a five-story building set for demolition.
Appel, Gaines, Sastri and Fagella of JLL secure $75 million loan on behalf of Moinian
June 18, 2019
Manhattan, NY JLL Capital Markets experts have arranged a $75 million loan on behalf of the Moinian Group to refinance 450-460 Park Ave. South. The group worked on behalf of Moinian Group to place the 10-year commercial mortgage backed securities refinancing loan with Wells Fargo.
Celebrating 30 years
with the New York Real Estate Journal
June 18, 2019
New York, NY The New York Real Estate Journal is celebrating it's 30th anniversary with a special spotlight edition. This special distribution will be published on July 30th, to commemorate 30 years of promoting New York's biggest and brightest real estate professionals and their deals.
Lenchner of Sage Realty brokers 4,805 s/f lease expansion
June 18, 2019
Manhattan, NY According to The William Kaufman Org. (WKO), commodities trader/private equity firm ACT Commodities Inc. is expanding to take a full floor at 437 Madison Ave., a 40-story, 850,000 s/f office tower in the Plaza District. ACT is adding 4,805 s/f to its office space on the building’s 17th floor.
Fiddle, Haskell, Gerla, Caperna and Tighe of CBRE lease 270,000 s/f; Helgesen, Trivelas, Hrobsky and...
June 18, 2019
Manhattan, NY Justworks has committed to a long-term headquarters lease at 55 Water St. In a transaction arranged by CBRE, Justworks signed a 270,000 s/f lease at the 3.8 million s/f downtown office complex, relocating and doubling its office space to account for continued growth.
Court of appeals decision holds that lease terms alone may impose liability upon landlords for mecha...
June 18, 2019
Commercial leasing in New York often involves improving the leased premises for the tenant’s specific use. This process, known in the industry as the tenant build-out, is frequently the subject of negotiations between landlords and tenants. In some situations, the landlord keeps direct control
Dayan and Weiss of HSP arrange 2,901 s/f lease to The Design Gym
June 18, 2019
Manhattan, NY The Design Gym, a corporate consultancy focused on innovation, creativity, team building, training and facilitation, has signed a lease for a 2,901 rentable s/f suite at Brause Realty, Inc.'s 320 Fifth Ave. Located on the 10th floor, the new suite features hardwood floors, exposed ceilings, LED lighting and glass-fronted rooms.
Bow, Romeo and Grimaldo of Durst Org. lease 37,768 s/f to Vevo LLC; Berke and Ortiz of Newmark Knigh...
June 18, 2019
Manhattan, NY According to The Durst Org., Vevo LLC signed a five-year lease for 37,768 s/f on the 25th floor of One Five One West 42nd St. Vevo has sub-leased the floor from law firm Skadden Arps for the past seven years.
Jungreis of Rosewood completes $9.6 million sale of 54-unit Fordham Heights building
June 18, 2019
Bronx, NY Rosewood Realty Group has completed the $9.6 million sale of a 54-unit Fordham Heights multifamily building. The five-story walk-up at 2474 Valentine Ave. (between East Fordham Rd. and East 188th St.), sold for 11 times the total rent roll. All of the apartments are rent stabilized.