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JLL completes 123,516 s/f lease for TransPerfect global headquarters with global holdings management...
March 19, 2019
Manhattan, NY JLL has completed a 15-year lease totaling 123,516 s/f with TransPerfect for Global Holdings Management Group’s NOMAD Tower, 1250 Broadway.
TransPerfect will relocate from 3 Park Ave. to occupy space on five full floors, including
Twena of Tri State Commercial leases 800 s/f retail
space to Lips Cafe and Coffee House in East...
March 18, 2019
Brooklyn, NY Lips Cafe and Coffee House has inked an 800 s/f retail lease for a new glass storefront in East Flatbush. The space is located in an 8,707 s/f building at 1412-1414 Nostrand Ave. The is the cafe's first location and the first business venture for owner Jamane Weekes.
Futterman of Newmark Knight Frank speaks at February 12th YM/WREA lunch
March 19, 2019
Manhattan, NY The Young Mens/Womens Real Estate Association (YM/WREA) held their monthly luncheon at The University Club, One West 54th St., College Hall (Main Floor) on February 12th.
The speaker was Robert Futterman, chairman, Retail Leasing Division, Newmark Knight Frank (RKF).
Sciara of Nelson & Pope honored by LIBN as one of the Top 40 under 40 Professionals
March 19, 2019
Melville, NY According to Nelson & Pope (N&P), Michael Sciara, RA, a partner in their Architectural Division, has been named one of Long Island Business News top 40 under 40 Professionals.
Sciara is an executive (and N&P’s youngest partner) with over 20 years of experience in the design, planning and implementation of…
NYC Dept. of Buildings commissioner Chandler speaks at Long Island City Partnership’s Business Bre...
March 19, 2019
Queens, NY On January 29th, NYC Department of Buildings commissioner Rick Chandler spoke at the Long Island City Partnership’s Business Breakfast. The commissioner discussed the new DOB NOW portal that standardizes processes for filing various applications and permits online…
MacRae and Williams join Macro Consultants as directors, project management
March 19, 2019
Manhattan, NY According to Macro Consultants, Rory MacRae and Dodie Williams have joined the firm as directors, project management.
MacRae joins Macro following his tenure at NYU Langone Health as the assistant director of construction, Kimmel Program.
Williams will be based in Philadelphia.
SCG Retail expands tenant and landlord representation with new hires Masson and Wray
March 19, 2019
Manhattan, NY SCG Retail, a division of The Shopping Center Group, has expanded their tenant and landlord representation with two new hires, Nick Masson and Nick Wray.
MBAofNY hosted its Annual Winter Networking Event and Whiskey Tasting February 7th
March 19, 2019
Manhattan, NY On February 7th, the MBAofNY hosted its Annual Winter Networking Event and Whiskey Tasting with premier event sponsor Loeb & Loeb LLP.
On the 30th floor of the Graybar Building, with views of the Chrysler Building and city lights, real estate professionals came together to exchange ideas, build creative solutions for clients, and enjoy spirits from Widow Jane Distillery.
Meatpacking Business Improvement District appoints LeFrancois new executive director
March 19, 2019
Manhattan, NY According to the Meatpacking Business Improvement District (BID), it has appointed longtime BID leader Jeffrey LeFrancois as its new executive director.
LeFrancois was unanimously approved to replace Lauren Danziger on the BID’s board of directors…
The Agency | Broome County IDA/LDC holds “Opportunity Zones Primer” Jan. 22nd
March 19, 2019
Binghamton, NY The Agency| Broome County IDA/LDC provided a first glimpse of Broome County, NY’s six Opportunity Zones during a presentation on January 22nd, 2019.
An “OZ Primer” was provided by Harris Beach, PLLC and Insero & Co. CPAs, LLP. Over 100 developers, community members and investors attended the event.
Difference between market value and assessed value? - by David Wilkes
March 19, 2019
The determination of one of the largest annual costs of New York real estate ownership, the property tax, is often poorly understood by even the most sophisticated real estate professionals. The result is that many property owners inadvertently pass on opportunities to reduce their operating expenses.
Famularo and Bisconti of Meridian Retail Leasing arrange 2,000 s/f long-term lease for Irish pub, St...
March 15, 2019
Manhattan, NY Meridian Retail Leasing, the retail leasing division of Meridian Capital Group, has arranged a long-term lease for St. Dymphna’s at 117 Avenue A in the East Village neighborhood. President of Meridian's New York Retail Leasing, James Famularo, and director, Kevin Bisconti…
Upstate CCIM to offer Foundations for Success course Apr. 15-16 – 14 hours CE
March 19, 2019
Albany, NY The Upstate New York Chapter of CCIM will be presenting the Foundations for Success in Commercial Real Estate, an introduction to commercial and investment real estate.
Using LLCs for succession planning - by Thomas Kearns
March 19, 2019
The banks that give commercial mortgages and the institutions that invest equity into commercial real estate transactions always impose controls over the identity of the individuals who manage the borrower/joint venture. The controls include restrictions on transfers of controlling economic interests and on which individuals can exercise the management rights of the developer in the deal.
Westchester County IDA approves financial incentives to transform vacant building
March 19, 2019
Harrison, NY The Westchester County Industrial Development Agency (IDA) has approved a resolution of intent to provide financial incentives for a $61 million development project to transform a vacant corporate office building into a medical facility.
Simone Healthcare Development, an affiliate of Simone Development Cos., plans to renovate a four-story office building…
Helmsley Spear and Imperial Capital broker $10.25 million sale of a 5,000 s/f TD Ameritrade in Scars...
March 19, 2019
Scarsdale, NY According to Helmsley Spear, LLC and Imperial Capital Co., they have collaborated in the sale of a single-tenant net lease bank building. The subject is occupied by TD Ameritrade, and located at 880 Central Park Ave. The property is a two-story structure comprising 5,000 s/f. The sale price was $10.25 million.
Cohen of Besen sells 3,760 s/f Bronx mixed-use property for $1.034 million
March 19, 2019
Bronx, NY Besen & Associates completed the sale of 2507-2513 East Tremont Ave., located between Hone Ave. and Lurting Ave. in the Westchester Sq. neighborhood. This property sold for $1.034 million which translates to $275 per s/f. Ron Cohen of Besen exclusively represented the seller and procured the purchaser.
Bestreich, Sproviero, Flaherty, and Lecky of Bestreich Realty Group facilitate $15.5 million sale
March 19, 2019
Brooklyn, NY Bestreich Realty Group (BRG) has completed the sale of 331 Keap St. in the Williamsburg neighborhood for $15.5 million.
This 36-unit multifamily unit is 21,740 s/f priced at $713 per s/f. The sellers were Terrence Lowenberg and Todd Cohen and the buyer was Soonbin Kim from West 8th Street Associates. The brokers who facilitated this transaction was Derek Bestreich, Luke Sproviero, Donal Flaherty, and Hakeem Lecky.
Doshi, and Mehra of Meridian Investment Sales broker $8.6 million sale; Schmuckler of Meridian assis...
March 19, 2019
Bronx, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold 215 East 197th St., a multifamily property in the Bedford Park neighborhood for $8.6 million.
Juniper Capital Group arranges four loans totaling $26.8 million
March 19, 2019
New York, NY Juniper Capital Group arranged four loans totaling $26.8 million across four states.
Classic American, a 150-unit rental garden apartment style multifamily complex in Syracuse, New York received a $6 million cash-out refinance 10-year loan that features a two-year interest-only period.