Court of appeals decision holds that lease terms alone may impose liability upon landlords for mechanic’s liens filed as a result of a tenant build-out - by Maurizio Anglani

Commercial leasing in New York often involves improving the leased premises for the tenant’s specific use. This process, known in the industry as the tenant build-out, is frequently the subject of negotiations between landlords and tenants. In some situations, the landlord keeps direct control

Fiddle, Haskell, Gerla, Caperna and Tighe of CBRE lease 270,000 s/f; Helgesen, Trivelas, Hrobsky and Ceder of C&W rep tenant

Manhattan, NY Justworks has committed to a long-term headquarters lease at 55 Water St. In a transaction arranged by CBRE, Justworks signed a 270,000 s/f lease at the 3.8 million s/f downtown office complex, relocating and doubling its office space to account for continued growth.

Corbin joins Rosewood Realty Group as executive managing director: Will be accompanied by Kline, Serota and Milworn

New York, NY Investment sales broker Greg Corbin has joined Rosewood as executive managing director after a decade with Besen & Associates. He will continue to lead The Corbin Group at Rosewood and will be accompanied by brokers Aaron Kline, Brandon Serota and Chaya Milworn.

Max and Doug Omstrom and Crennan of JLL represent tenant in 103,000 s/f lease

Syosset, NY According to JLL, One Stop Properties, a Long Island City-based real estate development company, has leased 103,000 s/f at 225 Underhill Blvd. The company, which specializes in flexible warehouse, office and land rentals throughout the tri-state area,

Swig of Swig Equities to be honored by Big Brothers
Big Sisters of New York City on June 17^th

New York, NYSwig Equities president Kent Swig will be among a number New York City real estate executives to be honored at the annual Big Brothers Big Sisters annual event that will take place on June 17th from 6-9:30 p.m.

Executive of the Month: Mancini, principal and head of asset management at Innovo Property Group

New York, NY Frank Mancini, principal and head of asset management at Innovo Property Group, oversees all aspects of the administrative, financial, leasing, capital and operations of the IPG portfolio. Mancini has a 30-year track record of success working on asset management and operations...

An attorney discusses retail leases: Avoiding renovation payment issues - by Berger

One of the biggest challenges in retail is getting a new store open on time, with the design you intended and with no mechanic’s liens. People lease retail space with great enthusiasm for the product they are going to sell, but often are not sufficiently organized to have the store ready...

East Harlem’s real estate to benefit from opening of Proton Center & Development Pipeline - by Marko Agbaba and Remi Mandell

East Harlem has experienced a revival in recent years, with an ambitious rezoning plan paving the way for an uptick in development activity. Builders have been breaking ground at a swift pace, but the neighborhood is about to undergo yet another transformation with the opening of a truly unique property:

Marcus & Millichap brokers two Brooklyn sales totaling $3.29 million; Includes $1.09 million sale by Riney and Greenblatt

Brooklyn, NY According to John Horowitz, first VP - regional manager of Marcus & Millichap, the firm has completed two sales totaling $3.29 million. The first sale was of 230 Saratoga Ave., a 3,361 s/f mixed-use property.The asset sold for $1.09 million.

Kaplan and Arzi of CBRE handle $8.7 million Lower East Side sale

Manhattan, NY CBRE has arranged the $8.7 million sale of 66 Clinton St. and an adjacent land parcel on the Lower East Side. The three-story, 4,340 s/f building and vacant lot were purchased by Vault Development and TLM Equities for planned development of a boutique residential property.