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Meshil of Royal Properties represents Domino’s in 2,686 s/f lease at The Stanton on the Lower East...
April 2, 2019
Manhattan, NY According to Royal Properties, Inc., Domino’s signed a five-year lease with three five-year options for 2,686 s/f at The Stanton, 196 Stanton St.
Schechtman, Kassin & Lieberman of Meridian sell 2,200 s/f retail condo – $6.5M; Developed by Sumai...
April 16, 2019
Manhattan, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold a retail condominium in the Lower East Side for $6.5 million. Senior executive managing director, David Schechtman, and managing directors,
Ismael Leyva wins Interior Designer of the Year
April 16, 2019
New York, NY Architecture and Interior Design firm Ismael Leyva Architects is the winner of the 2019 Interior Design of the Year Award, presented at the New York Build Expo held at the Javits Center.
NYWCC hosts annual State of Women in Business breakfast
April 16, 2019
New York, NY On March 15th, the New York Women’s Chamber of Commerce (NYWCC) hosted its annual State of Women in Business breakfast at the Faculty House of Columbia University. Subtitled, “It is all about the money!”
GCP Capital Group arranges seven mortgages totaling $62.26 million
April 16, 2019
New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $62.26 million for the following seven deals: $11.075 million for a six-story multifamily apartment building containing 66 units in the Midwood section...
Appel, Schwartz, Diaz and Cotter of JLL Capital Markets secure $66.7 million loan at 141 East Housto...
April 16, 2019
Manhattan, NY JLL Capital Markets experts have completed a $66.7 million loan to finance the construction of 141 East Houston St., a class A, 63,000 s/f office building. The group worked on behalf of East End Capital and K Property Group LLC
How technology has changed and continues to change the commercial real estate industry - by Michael ...
April 16, 2019
Over the past 18 years of my commercial real estate career, I have witnessed technology dramatically change the way our industry does business. Real time market data is available at the press of a button, accounting systems are digitized and transparent,
Self Storage Association’s Spring Conference: Valet storage industry continues to be a hot topic -...
April 16, 2019
We have returned from the national Self Storage Association Spring Conference and valet storage continues their market penetration. Our SVN Storage Realty self storage team just completed a very successful three days of "meet and greet" with...
Real Property Income & Expense filing – The not so fun spring task on the horizon - by Peter Blon...
April 16, 2019
After discovering my raccoon ravaged garbage pail this morning, it reminded me of another not so fun spring task on the horizon, the legally mandatory Real Property Income & Expense (RPIE). The RPIE is required every year because New York City employs...
What does a qualified intermediary do during a 1031 exchange? What to look for when hiring one? - by...
April 16, 2019
To complete a valid and successful 1031 exchange, investors acquiring taxpayer-owned properties need the services of a qualified intermediary (QI), also known as an “exchange facilitator.” During a 1031 exchange, the individual obtaining an investment or business
Campbell of Berkadia completes $19.6 million in financing for 46-unit Brooklyn mid-rise multifamily...
April 15, 2019
Brooklyn, NY Berkadia has completed $19.6 million in financing for 240 Meeker Ave., a mid-rise multifamily property. Senior managing director Stewart Campbell of Berkadia’s Manhattan office secured the financing on behalf of borrower,
Daniel and Sullivan of Knighthead arrange $22 million
for Cayuga to convert warehouse into fitne...
April 16, 2019
Brooklyn, NY Knighthead Funding LLC has provided Cayuga Capital Management with $22 million in short-term debt to finance the conversion of a vacant warehouse into a 46,000 s/f retail facility.
Smith of Capital One closes $120 million loan for 150,000 s/f office condominium
April 16, 2019
Manhattan, NY Capital One has served as administrative agent for a $120 million loan to the Durst Org. to provide permanent financing for a class A office condominium at 855 Avenue of the Americas. The five-floor, 150,000 s/f condominium is leased to Nike USA.
Preuss of Cushman & Wakefield completes four sales totaling $6.535 million
April 16, 2019
Queens, NY Cushman & Wakefield has arranged the sale of four properties totaling $6.535 million. A team led by senior managing director Stephen Preuss represented the sellers in all marketing efforts.
Tolman joins Armstrong Teasdale as a partner
April 16, 2019
Manhattan, NY Armstrong Teasdale has added partner Steven Tolman to the firm’s financial and real estate services practice group. He has 40 years of experience focusing on construction law and litigation in both the public construction and private
Marcus & Millichap brokers two Brooklyn sales totaling $3.48M; Includes a $2.5M sale by Riney and Gr...
April 16, 2019
Brooklyn, NY According to John Horowitz, first vice president - regional manager of the Marcus & Millichap’s Brooklyn office, the firm has arranged two sales totaling $3.48 million. The deals include the following: The $2.5 million sale of 151 Quincy St.
EQ Office leases 17,337 s/f to SMCP Brands at 44 Wall Street
April 16, 2019
Manhattan, NY According to EQ Office, SMCP Brands signed a new 17,337 s/f lease at 44 Wall St., its 24-story modernized office tower in the Financial District. Under the 10-year lease, the company will move its North American...
Stacom and Shanahan of CBRE rep SL Green in $381 million sale; 521 Fifth Avenue in agreement to be s...
April 16, 2019
Manhattan, NY A joint venture between SL Green Realty Corp. and an institutional investment partner, entered into an agreement to sell 521 Fifth Ave. to Savanna, a New York City based real estate investment manager, owner/operator, and developer.
Cannold and Bloom of Helmsley Spear arrange 6,824 s/f lease extension for China Ting Fashion Group
April 16, 2019
Manhattan, NY According to Kent Swig, president of Helmsley Spear, LLC, the firm has brokered a second lease extension for China Ting Fashion Group (USA) LLC in the Garment District totaling 6,824 s/f at 525 Seventh Ave.
Costanzo of Fosun Hive Holdings leases 75,000 s/f to SCOR at 28 Liberty Street
April 16, 2019
Manhattan, NY According to Fosun Hive Holdings, SCOR, an independent, global reinsurance company, has leased 75,000 s/f on the 53rd and 54th floors of 28 Liberty St., a landmarked office tower. The Paris-based global reinsurance company is relocating its NYC headquarters from 199 Water St.