New York, NY Rose Associates, Inc. (Rose), the New York-based multifamily real estate manager and developer, has announced that Marc Ehrlich has been promoted to the position of president. Ehrlich has acted as Rose’s chief investment officer since 2018. Amy Rose will continue to oversee the firm’s activities as its chief executive officer. Ehrlich’s appointment marks the first time someone outside of the Rose family has acted as president of the
strong>Manhattan, NY According to Cushman & Wakefield, the firm’s Austin-based Equity Debt & Structured Finance (EDSF) team of Chase Johnson and Caleb Riebe has closed $24 million in acquisition financing for The Plant, a 246,343 s/f office building
Manhattan, NY Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, have completed the sale of 133 Eldridge St., a five-story mixed-use building for
Manhattan, NY The Real Estate Board of New York (REBNY) and The Durst Organization said that the trade association’s office renovation at 570 Lexington achieved LEEDv4 Interior Design and Construction certification at the Platinum level, the highest level of LEED certification.
Manhattan, NY Ariel Property Advisors (Ariel) has brokered the sale of two 6-story elevator buildings totaling 109,530 s/f at 226 & 259 West 144
th St. in Harlem for $16.5 million. The buildings house 110 residential units and one ground floor commercial unit.
Manhattan, NY Vornado Realty Trust has secured a new lease with Weaver and Tidwell, L.L.P. (Weaver) at PENN 1. Weaver, which occupies 8,000 s/f on a portion of the 32
nd floor, will now occupy 36,500 s/f across the entire 28
th floor. Buchbinder Tunick & Co., a firm that
Amherst, NY Ned Perlman, of Largo Real Estate Advisors, Inc., has successfully secured acquisition financing for a value-add multi-family project located. The property consists of 15 duplexes, broken into fifteen two-bedroom units and fifteen three-bedroom units.
Manhattan, NY Helmsley Spear, LLC represented Express Printing Copy in a 800 s/f lease at 260 West 39
th St. Helmsley Spear’s Showket Ahamed, associate broker, represented the tenant. The company signed a lease for a term of five years with a five-year option to renew. Okada & Co. represented the
At Meridian Capital, we always emphasize the importance of staying nimble in our ongoing success across various fronts, whether financing, leasing, or sales. Dovid Ostrov of Meridian Capital is seeing robust activity with bridge financing for construction deals in the lease-up period. The shorter-term financing allows the
Long Island City, NY The New York City Council has officially approved the expansion of the Long Island City Business Improvement District (LIC BID), following a 48-1 vote. This landmark decision comes at the end of a three-year process, allowing the expansion of services to commence on January 1, 2025.
