East Harlem, NY The Capital Services Group for Ariel Property Advisors (Ariel) arranged two loans totaling over $14 million for an affordable housing complex in New York and an industrial outdoor storage site in Florida. Matt Swerdlow and Matt Dzbanek, both senior directors with Ariel Property
Bronx, NY A local private investor has purchased a newly-constructed four-story walk-up building at 1232 Fulton Ave., between East 168
th St and East 169
th St. in the Morrisania neighborhood for $2.2 million. The 6,800 s/f building consists of eight
Brooklyn, NY According to OPEN Impact Real Estate (OPEN), Imagine Me Leadership Charter School (IMLCS), a pre-K through eighth grade charter school, signed a 30-plus-year lease for 63,000 s/f building at 39 Truxton St. Stephen Powers, Lindsay Ornstein, and Jake Cinti of OPEN
Manhattan, NY Newmark leased 53,281 s/f of office space at Skyline Developers’ 1040 Avenue of the Americas. This series of leases, initiated since Q1 2024, includes new leases, expansions, extensions and relocations, resulting in 97% occupancy.
Valley Cottage, NY Rand Commercial has completed the sale of 400 Corporate Court, a 50,000+/-s/f building on 16.9+/-acres to Realterm for $11.8 million. Realterm owns and manages transportation real estate and infrastructure assets
Manhattan, NY Tishman Speyer negotiated five lease agreements totaling 129,500 s/f at The Spiral, its West Midtown office tower at 66 Hudson Blvd. HSBC Bank has agreed to expand its 20-year, U.S. headquarters lease at The Spiral to over 300,000 s/f, via a 35,400 s/f expansion
Manhattan, NY 3650 REIT (3650)has originated a $50 million loan to facilitate the completion of and upgrades to 1 Park Row, a 24-story condominium project located at the southern end of City Hall Park, on the border of Tribeca and the Financial District. The loan
Manhattan, NY The Durst Organization said that Allied Irish Banks PLC of New York (AIB) is relocating its New York City headquarters taking a full floor at 825 Third Avenue. The Irish bank will occupy 11,054 s/f on the 14
th floor of the newly renovated LEED Gold-certified
Manhattan, NY Fried Frank’s Real Estate Department is partnering with Project Destined, a leading social impact platform that provides students with training in financial literacy, entrepreneurship and real estate, to launch a multiweek, virtual program on September 10, 2024
Long Island City, NY According to The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group three new retail leases totaling about 7,600 s/f were signed at Jasper, a $370 million mixed-use development in Hunter’s Point. Along with the 13,800 s/f lease to Dumbo Market announced
