New York City

Marks, Lebor and Garrett of TerraCRG complete $3.225M sale; Raza and Gordon of We R New York rep buyer

Brooklyn, NY TerraCRG has completed the sale of the commercial building at 15 Vanderbilt Ave. in Clinton Hill. Dan Marks, Daniel Lebor and Garrett Allen of TerraCRG represented the seller in the $3.225 million closing. “We’re happy to announce the sale...

Camhi of RFR arranges two leases totaling 20,739 s/f at 477 Madison Avenue

Manhattan, NY RFR has signed two new financial firm leases totaling 20,739 s/f at 477 Madison Ave., 60 days after acquiring the property and subsequently launching a comprehensive capital improvement program to elevate the quality  of the building.

Central Brooklyn’s development market is booming as affordability lures institutional investors - by Lawrence Sarn and Remi Mandell

Real estate developers have long been smitten with Brooklyn, with their sights set on the upside potential offered by its eclectic neighborhoods, such as Flatbush. As construction continues on several high-profile projects, the cost of land in central Brooklyn is poised to climb as investors take advantage...

Int. No. 1472-B: A cyber-watchdog for commercial and mixed-use landlords - by Peter Blond

After over twenty years in New York City real estate, I would have never dreamed the city’s own legislators would endeavor to amputate the multi-billion dollar hand that feeds it. As if the recent rent law transformations in Albany weren’t damaging enough to owners of multifamily...

Why the next real estate downturn might have less distressed opportunities than the 2008 and 1986 downturns - by Michael Zysman

Why the next real estate downturn might have less distressed opportunities than the 2008 and 1986 downturns. The real estate crash that occurred in 2008 marked the end of a real estate super-cycle that began 22 years prior, in the aftermath of the 1986 real estate crash.

Silver of NKF and Abdo of Lee NYC arrange 68,760 s/f sublease for Fareportal

Manhattan, NY Newmark Knight Frank (NKF) and full-service commercial real estate brokerage Lee & Associates NYC (Lee NYC) have arranged a 68,760 s/f sublease on the entire 11th and 12th floors at....

Antebi and Yankelovich of GFI broker $7.225 million sale

Brooklyn, NY GFI Realty Services, LLC has brokered the $7.225 million sale of 8678 Bay Pwy., a four-story walk-up, 30-unit multifamily property in the Bath Beach section. GFI senior director Shlomo Antebi represented the...

Ponte of Stonegate Real Estate arranges 1,800 s/f lease

Manhattan, NY Anthony Ponte of Stonegate Real Estate represented the landlord in a 1,800 s/f retail condominium lease at 440 Washington St., TriBeCa. The tenant, Mathieu Lustrerie, was represented by Brett Weinstock of The F+B Group.

Steinman of Rudin Mangement arranges 10-year, 8,200 s/f lease to La Prairie; Mambrino, Farmakis and Bertini of Savills rep tenant

Manhattan, NY According to The Rudin Family, Swiss luxury skincare brand La Prairie has finalized a 10-year lease at 41 Madison Ave., a location in one of the Flatiron District’s most heavily-trafficked corridors.

Okun and Taormina of Cresa complete 5,000 s/f lease for Octave; Koeppel of Koeppel Rosen LLC reps owner

Manhattan, NY Cresa’s Michael Okun, principal, and Daniel Taormina, vice president, have arranged a new location for Octave at 45 East 20th St., between Broadway and Park Ave. South...