Front Section

Ariel Property Advisors arranges $15.875 million
sale of development site

Manhattan, NY Ariel Property Advisors (Ariel) has negotiated the sale of a development site offering nearly 50,000 buildable s/f at 250 West 30th St. in the Chelsea neighborhood. The property traded for $15.875 million. An Ariel team comprised of founding partner Victor Sozio; director Howard Raber

Duncan, Coudert and Bermingham of George Comfort & Sons lease 31,000 s/f to Taylor Dance Co.

Manhattan, NY The Paul Taylor Dance Company and George Comfort & Sons finalized an agreement for the dance organization to relocate its headquarters to George Comfort & Sons’ 307 West 38th St. tower in Midtown’s Times

Cronheim Hotel Capital secures loan
to refinance Sheraton Brooklyn

Brooklyn, NY Cronheim Hotel Capital (CHC) has secured a permanent loan on behalf of The Lam Group to refinance the existing note on the 321-room Sheraton Brooklyn New York Hotel. The fixed-rate, non-recourse, loan was executed with Deutsche Bank.

Cuartas and Rackenberg of Houlihan Lawrence
Commercial broker two sales - $4.725 million

Somers, NY Houlihan Lawrence Commercial negotiated two commercial sales in Westchester County totaling $4.725 million. In Somers, Houlihan Lawrence Commercial completed the sale of 12,723 s/f medical building

HUNT Mortgage marks 40th anniversary in mortgage industry

Buffalo, NY HUNT Mortgage, a leading name in the mortgage industry, is celebrating its 40th anniversary since its founding in 1984. Created to provide personalized home financing options to its customers and sales

The Feil Organization inks 10-year 210,334 s/f lease extension
with LaGuardia Community College at Queen’s Atrium

Queens, NY The Feil Organization recognized that City University of New York’s LaGuardia Community College has extended its lease for 10 years at 30-20 Thomson Ave. within Queen’s Atrium, an eight-story office building in

Buckle up, it’s 2024 - by Brian Sahn

Welcome to 2024! Turbulent times is an understatement, with interest rate fluctuations, inflation, rising vacancy rates, and stretched municipal budgets. Think goal line adjustments.The Fed Sentiment says we are at peak rates, but staying put is problematic. Rates remain elevated, and even if more predictable

PWC accepting applications for scholarship program for students earning a degree in AEC

New York, NY The New York Chapter of Professional Women in Construction (PWC NY) has launched its 2024-2025 scholarship program. Submissions are due by March 31st and the recipients will be notified in early May. The PWC NY Scholarship Program will

SL Green signs four new leases at 1185 Avenue of the Americas

Manhattan, NY SL Green Realty Corp. negotiated three new office leases totaling 42,000 s/f and a new retail lease covering 14,000 s/f at 1185 Avenue of the Americas. Slatebrook, LP, which signed a new 14,428 s/f, 11-year lease on the 23rd floor. The firm was

David joins Forchelli Deegan Terrana as tax, trusts & estates partner

Uniondale, NY Forchelli Deegan Terrana LLP (FDT) welcomes Johanna David to the firm’s tax, trusts & estates practice group as a partner. She is an adjunct professor at the Maurice A. Deane School of Law at Hofstra University. David