New York City

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...

Rebuilding Together NYC holds annual She Builds Day; Women in real estate come together to renovate

Bronx, NY 100 members of the NYC real estate industry came together for Rebuilding Together NYC’s annual She Builds Day. Spearheaded by co-chairs Laura Jackson and Laurie Grasso, along with the She Builds Women...

Jewish National Fund holds second real estate panel

New York, NY It was back to business as the Jewish National Fund held its second sold out real estate panel of the year at Doma Land & Sea featuring panelists Meridian Capital Group EVP of sales, Brian Flax; Rosewood Realty Group president, Aaron Jungreis....

LI Company of the Month: Key Civil Engineering: Principals and owners Peranteau and Pilotta set a standard for excellence and service

Holtsville, NY Key Civil Engineering, P.C. (KCE) is a professional consulting firm and a New York State and New York City Certified Woman-Owned Business Enterprise (WBE) borne out of a decade of continual growth and...

Marks, Matheos and Rafter of TerraCRG reps seller in $3.725M sale of 17,600 s/f Brooklyn development site

Brooklyn, NY TerraCRG has completed the $3.725 million sale of 55-61 Summit St. – a 17,600 buildable s/f development site in the Columbia Street Waterfront District. Dan Marks, Peter Matheos and Mike Rafter of the TerraCRG team represented the seller.