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Cauldwell Wingate renovates 100,000 s/f office
March 19, 2019
White Plains, NY Cauldwell Wingate has completed an office renovation at the Sumitomo Mitsui Banking Corp. building at One North Lexington Ave. The construction fit-out included three full floors amounting to 100,000 s/f.
Brookfield/Park Tower unveil OMA’s design of Greenpoint Landing; Designed in collaboration with Be...
March 19, 2019
Brooklyn, NY Brookfield Properties and Park Tower Group has unveiled two new towers at Greenpoint Landing designed by OMA New York. The two towers, in conjunction with a lower seven-story building, will bring 745 units of housing—30% of which will be affordable
MBB names Aikin associate partner and Arcaro as senior associate
March 19, 2019
New York, NY Murphy Burnham & Buttrick Architects (MBB) has promoted two key team members. According to firm leaders, these professionals embody MBB’s longstanding reputation for design solutions, technical knowledge, and a humanistic, user-centered approach to design.
Christa Construction promotes three employees
March 19, 2019
Rochester, NY Christa Construction has promoted the three following employees: Gail Morelle was appointed as a VP, business development.
City Tech opens Perkins Eastman-designed academic complex; 365,000 s/f project built by Sciame Const...
March 19, 2019
Brooklyn, NY The New York City College of Technology (City Tech) celebrated the official opening of its new 365,000 s/f academic complex, following a $410 million project drawing together the latest educational technology with the downtown area’s renaissance.
Garlock named partner at LERA Consulting Structural Engineers
March 19, 2019
New York, NY According to LERA Consulting Structural Engineers, Richard Garlock has been named a partner of the firm. With the firm since 1994, he currently leads many of LERA’s residential, mixed-use and office developments in the northeast and internationally
CetraRuddy chosen to design 806 Ninth Avenue project developed by Hudson Cos. and Housing Works
March 19, 2019
Manhattan, NY CetraRuddy has been selected as architect for a new affordable housing complex located at 806 Ninth Ave. in Hell’s Kitchen. The vacant city-owned site will be transformed into a mixed-used building with 100 units of affordable and supportive housing
Sunset Park Library/affordable housing project breaks ground in Brooklyn; Designed by MAP
March 19, 2019
Brooklyn, NY According to the architects for the redevelopment of the Sunset Park Library, Magnusson Architecture and Planning (MAP) a ground breaking was held for the new mixed-use building. The new development will be completed in December 2020
CTA-designed 54 Bond Street project receives SARA National Award; Project team includes D+DS
March 19, 2019
Manhattan, NY A façade preservation and restoration project at 54 Bond St. received the Society of American Registered Architects’ National Award of Excellence. The international project team for this complex exterior restoration included architect CTA Architects P.C.
Twena and Akiva of Tri State Commercial negotiate 800 s/f lease
March 19, 2019
Brooklyn, NY Yummy Extensions has signed 800 s/f lease for a newly renovated retail space at 675 Grand St. in East Williamsburg. Jacob Twena, a director at Tri State Commercial, represented the tenant. Avi Akiva, vice president at Tri State Commercial represented the landlord, Nate Dweck, FSMR, LLC.
Kapnick and Watson of Lee NYC broker 1,700 s/f lease
March 19, 2019
Manhattan, NY Mark Kapnick, executive vice president/principal, and Michael Watson, associate director, of Lee & Associates NYC (Lee NYC)have negotiated a ground-floor, 1,700 s/f lease at 820 Broadway, between 11th and 12th Sts., for Bite Food & Coffee Co. The tenant has been known as Mirage Café for the past 27 years at Tishman Speyer’s 11 West 42nd St. building, on the 43rd St. side.
Zar of Zar Property NY arranges 4,000 s/f lease to Motion P/T; Doetsch of Cresa New York represents ...
March 19, 2019
Manhattan, NY Motion P/T, a national physical therapy chain has signed a 4,000 s/f commercial lease at 250 West 54th St., Midtown.
Schubert and Cheng of TerraCRG represent HANA MAKGEOLLI in 2,500 s/f lease
March 19, 2019
Brooklyn, NY TerraCRG has completed a long-term commercial lease with HANA MAKGEOLLI, a producer of Korean rice wine called makgeolli, that uses traditional methods for its hand-crafted brews. HANA MAKGEOLL will occupy 2,500 s/f at 201 Dupont St.
Welkis of Welco Realty leases 10,400 s/f to MadRag
March 19, 2019
Queens, NY MadRag has signed a lease for 10,400 s/f space, the former Annie Sez space at 92-10 Rockaway Blvd., Ozone Park. 618 Main Clothing Corp., doing business as 10 Spot/MadRag stores, owns and operates stores that offer women’s clothes and shoes. It offers runway sportswear, lingerie, and accessories.
Neugeboren and Goetz of Savitt Partners renews 27,450 s/f lease for Crunch Fitness at 1385 Broadway ...
March 19, 2019
Manhattan, NY Known for fusing fitness and entertainment and pioneering a philosophy of “No Judgments,” Crunch Fitness has renewed its multi-level retail 27,450 s/f lease at 1385 Broadway. The long-term renewal encompasses 1,911 s/f on the ground floor, 1,170 s/f on the mezzanine, 23,500 s/f on the second floor, and 900 s/f in the lower level. Savitt Partners serves as the exclusive leasing and managing agent for the property and negotiated the transaction on behalf of the building ownership.
Kadosh and Rubackin of CBRE arrange 20,000 s/f retail lease to Lululemon; Ezra of RKF represents ten...
March 19, 2019
Manhattan, NY According to CBRE, Lululemon signed a 20,000 s/f lease at 592 Fifth Ave., a newly renovated, boutique building located on 48th St. and Fifth Ave. in Midtown. The athleisure retailer will double its flagship footprint on this coveted corner of Fifth Ave. when it relocates to the building from the Scribner Building across the street.
Why have the retail rents fallen, and why do they continue to decline? - by Joseph Aquino
March 19, 2019
Why have retail rents fallen, and why do they continue to decline? It can’t be because sales are off. Young people’s closets are still full of designer shirts, khakis, and sneakers—for which they’re still paying top dollar. However, the way they buy their merchandise has changed dramatically.
The Queens multifamily market: 2019 proposed rent laws, transactions and insight - by Rubin Isak an...
March 19, 2019
In June on this year, the current rent laws will expire. Given the current political climate in the state senate, a complete overhaul of these regulations appears to be on the horizon. The passage of any combination of the proposals on the table will lead to greater difficulty in managing multifamily properties, to what degree remains to be seen.
NYC development – 10 years after the Great Recession’s bottom: How will NYC look in 2029 - by Mi...
March 19, 2019
It’s hard to fathom, but on March 6th we mark the 10-year anniversary of the Great Recession’s stock market bottom and the subsequent plunge in New York City’s investment property prices and sales volume. This anniversary is a unique point in time to recognize where the market for New York City
Weissleder joins Meringoff as senior vice president
March 19, 2019
New York, NY According to Himmel + Meringoff Properties, Adam Weissleder has joined Meringoff Properties, Inc. as senior vice president and director of leasing. In his new role, Weissleder will report to president and CEO, Jason Vacker, and will be responsible for overseeing and implementing leasing strategy across the portfolio.