Manhattan, NY East Greystone has provided a $97.6 million HUD-insured loan to refinance a 272-unit multifamily property in East Harlem. The financing was originated by senior managing director Eric Rosenstock and executive vice president Jeff Englund of Greystone,
Manhattan, NY Fried Frank is advising Moody’s Corp. (Moody’s) on its leasing agreement with Brookfield Place to relocate its global headquarters to 200 Liberty St.at Brookfield Place. The move, which is expected to be completed in 2027, will occupy approximately 460,000 s/f across multiple floors of the 40-story building, strengthening Moody’s ongoing evolution and commitment
strong>Brooklyn, NY William Macklowe Company and GreenBarn Investment Group — joint developers of the new Paseo on Fifth development — have signed a 15,599 s/f lease with Planet Fitness and a 1,362 s/f lease with MD Hyperbaric to operate new fitness
Q: We lease approximately 7,000 s/f of office spacefor our law firm.The space works well and is in a good location for our employees. Our lease expires in a year, and we have an option to renew. Is it really worth the effort to consider moving? A: My answer is a resounding yes, if for no other reason than your present landlord is probably counting on your inertia to renew the lease.
Brentwood, NY NAI Long Island, an office of NAI Global, disclosed that Mario Vigliotta facilitated the sale of a 15,000 s/f office building located at 55 2nd Ave. on behalf of the seller, 157 Cliff Road Partners, LLC. The buyer, Tempwork Staffing Solutions, was represented by Nick Evangelista of New York Space Finders Inc.
Manhattan, NY Tokio Marine Group has signed leases for two full floors at 825 Third Ave. in Midtown. Tokio Marine America (TMA) and Tokio Marine North America Services (TMNAS) will occupy 11,816 s/f on the entire 23rd floor and are relocating from 590 Madison Ave.
Manhattan, NY Cushman & Wakefield arranged a 16,051 s/f lease on behalf of owner and occupier Sullivan & Cromwell at 125 Broad St. Newly formed law firm Harris Trzaskoma, LLP will open its headquarters on a portion of the 10th floor.
Manhattan, NY Jonata Dayan, executive vice president of commercial co-op and condo sales, and Jeffrey Zund, executive director/head of leasing of Resolution Real Estate, a member of NAI Global, represented the owner of Liberty Bagels in the purchase of 5 East 47th St. for $9.4 million.
strong>Manhattan, NY According to Koeppel Rosen LLC, Unity Building Security, Inc. has signed a 3,439 s/f office lease for a portion of the seventh floor at 20 West 36th St. The family-owned NYC-based firm specializes in building protection and life-safety services.
Hempstead, NY Hudson Valley Property Group (HVPG) acquired 100 Terrace Apartments, a 420-unit affordable housing property located at 100 Terrace Ave. The acquisition marks HVPG’s first property in Nassau County and expands the firm’s presence on Long Island, where it also operates a property in Suffolk County. To date, HVPG has preserved 2,300 units of affordable housing throughout state and city.
Rye Brook, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, completed the retail lease-up of 215 South Ridge St. The landlord and tenant was represented by Garry Klein, regional manager of Houlihan Lawrence Commercial.
Manhattan, NY Avison Young’s Brandon Polakoff, James Nelson and Charles Kingsley arranged the $63 million sale of a Hudson Sq. development site, which features 125,900 buildable s/f as-of-right and 226 ft. of wraparound frontage, located at 68-76 King St. on behalf of the seller. The buyer, Avdoo, plans to build a high-end residential project on the site, which features a six-story, 68,476 s/f office building.
Manhattan, NY According to GFP Real Estate, LLC, three tenants, Applause, The Avondale Group Inc. and Hoffman Matlin & Monroy, LLP, have signed leases totaling 18,103 s/f at 505 Eighth Ave., strengthening the building’s mix of professional services
Purchase, NY Choyce Peterson, Inc. completed lease negotiations on behalf of Martin Rosner Eleftherion, Inc. (MRE Insurance) an independent insurance agency, to renew its 2,554 s/f headquarters lease at 2975 Westchester Ave.
Manhattan, NY The New York State Office of the Attorney General has expanded and extended its long-term presence at 28 Liberty St., committing to a total of 378,438 s/f at the office tower. The transaction includes an extension of the existing 342,484 s/f the AG occupies across floors E13–21 and E23. The tenant also signed a long-term lease for an additional 35,954 s/f on the entire twenty-second floor.
Miami Gardens, FL Roger Delisle and Robert Monahan of Island Associates negotiated a new lease with PriceMark Marketplace to occupy the former 8,000 s/f Rainbow Shop space at Dolphin Plaza.
Syracuse, NY Nick Malagisi and Hans Hardisty of National Storage Partners completed the listing and sale of the Planet Self Storage facility at 901 Hiawatha Blvd. West. This facility, established in 1986, contains 62,625 s/f, 484 rental units on 4.86 fenced acres and stand-alone pylon signage.
Manhattan, NY A new report issued by the Real Estate Board of New York (REBNY) finds that New York City is falling behind its goal of producing 500,000 new units of housing by 2034. REBNY’s New Housing Development Pipeline Report provides an in-depth analysis
Queensbury, NY Adirondack Capital Partners represented Dawn Homes Management in the acquisition of Whispering Pines Apartments — a 189-unit multifamily community — for an undisclosed price.
Manhattan, NY Klosed Properties and Namdar Realty Group acquired a fully-leased retail condominium at 140 Essex St. in the Lower East Side for $7.55 million. The property was purchased from Taconic. The 10,193 s/f retail condominium is 100% occupied and features approximately 140 ft. of frontage along Essex St.