For decades in New York City commercial real estate, landlords acted like Lords. Tenants were expected to feel fortunate simply to occupy space in their buildings. The
Manhattan, NY Savills represented consulting firm Council Advisors in the renewal of its 17,685 s/f headquarters lease at 685 Third Ave. The 10-year lease extension
Manhattan, NY Cushman & Wakefield made known that POP MART has signed a long-term lease for 7,600 s/f at 680 Fifth Ave. The location will serve as POP MART’s
Brooklyn, NY Marcus & Millichap brokered the sale of 863 Dean St., a development site in the Prospect Heights neighborhood. The asset sold for $16 million. “By strategically launching post-AAMUP rezoning, we capitalized on critical price discovery to maximize asset value.
Queens, NY The Mastronardi family has operated a concrete business on a 55,079 s/f lot in Jamaica for over half a century. Last November, the zoning changed. The New York City Council approved the Jamaica Neighborhood Plan, a rezoning of nearly 230 blocks in and around Jamaica Center, described as the largest Mandatory Inclusionary Housing
Brookyln, NY New York City Economic Development Corp. (NYCEDC) has added five new tenants at the Brooklyn Army Terminal (BAT) and MADE Bush Terminal, marking another major
Brooklyn, NY The Capital Services Group of Ariel Property Advisors (Ariel) has closed three loans from private lenders totaling over $17 million to finance condominium
Bronx, NY Cushman & Wakefield has arranged a $26.35 million loan on behalf of the JCAL Development Group to refinance The Bridgeline, a 91-unit Class A multifamily
Queens, NY In late October 2025, Prosper Property Group acquired the partially completed development at 36-45 31st St. in Long Island City. At the time, the project was approximately 60% complete and facing a compressed timeline
Long Island City, NY Marcus & Millichap Capital Corp. (MMCC) arranged $3.375 million in financing for the acquisition of two 16-unit multifamily properties located at
Queens, NY Cord Meyer Development, the sleeping giant of Queens, is wide awake and energized, ramping up its pipeline with more than 400 residential units underway and the opportunity to develop thousands more.
Queens, NY NYCEEC provided an $800,000 Multifamily Express Green (MEG) Loan to support a 373-kW rooftop solar project at Southridge Cooperative Section I, a 360-unit residential co-op in Jackson Heights. Spanning six buildings, this project is part of ongoing efforts to manage operating costs and improve building performance at this property.