Brooklyn, NY ERG Commercial Real Estate announced the sale of a six-unit multifamily building for $800,000. The 7,308 s/f three-story building at 1251 Lincoln Pl. is a fully rent stabilized building built in 1908. It sold for a cap rate of 7.9%; $133,333 price per unit and $109 price
Manhattan, NY ATCO Properties & Management announced that six of its current office tenants have signed lease renewals totaling 29,668 s/f across three midtown properties: 555 Fifth Ave., 630 Third Ave
Manhattan, NY The Feil Organization, a premier national real estate investment firm, announced that it has signed a 10-year, 19,326 s/f lease with Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker across the entire 10th floor of
Managing multifamily properties has never been more complex, with ever-changing regulations, apartment repairs, and resident demands forcing property managers to become adept jugglers. Yet the industry has mostly lagged when it comes to automation and technology in general, with most offices still mired in excessive paperwork, inefficiencies, and separate systems for different tasks
Manhattan, NY AMA Group, an industry leading engineering firm dedicated to providing best-in-class design and implementation for a variety of project types nationwide, announced that Stephen Horner has joined the team as principal of the East Coast Lighting Design Business Unit
Manhattan, NY HKS Real Estate Advisors announced the successful sale of the development site at 360 West 52nd Street for $3.35 million ($362 per s/f). This transaction, led by Cadence Development in partnership with HOH Capital Partners and Deal Lake Capital, marks a significant expansion
Newmark has recently raised $500 million from an institutional investor to capitalize a new cold storage operating and development platform, Envision Cold (Envision). This investment allows Envision to acquire and develop over $1.5 billion of cold storage assets. Newmark advised on the equity raise and formation of the company. The team was led by Newmark's co-presidents of Debt & Structured Finance, Jordan Roeschlaub and Dustin Stolly
Clay, NY SRS Real Estate Partners announced it has completed the $9 million off-market sale of Great Northern Mall. The shuttered property is situated on 120 acres and is slated for a major mixed-use town center redevelopment to encompass hundreds of apartments and townhomes, entertainment venues, restaurants, medical offices
Manhattan, NY The CoreNet Global New York City Chapter (CoreNet NYC) said that the organization hosted its Annual Women’s Leadership Summer Networking event on Tuesday, August 8 from 5:30 - 8:00 PM at the exclusive Steelcase Showroom. The event consisted of a networking and cocktail reception and was attended by over 100 leading professionals
Poughkeepsie, NY Birchwood Commons, Lagrange’s newest multifamily development, with contractors Mid Hudson Construction Management (MHCM), announced the beginning of leasing efforts. Named as a nod to the property’s surrounding grove of birch trees, Birchwood Commons’ four buildings – the Jackson, Hudson, Taconic, and Admiral — each host five two-story walkup apartments, each containing
