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GFP Real Estate and Lee & Assocs. lease 2,457 s/f at 505 Eighth Ave.

Manhattan, NY Allen Gurevich, senior managing director of GFP Real Estate represented the landlord, GFP Real Estate in Counseling In Schools lease extension at 505 Eighth Ave. in Midtown, signing a seven-year lease for its existing 2,457 s/f

Volastra Therapeutics extends its lease at Manhattanville Factory District and Mink Building

Manhattan, NY The Janus Property Company said that Manhattanville Factory District and Mink Building tenant, Volastra Therapeutics, has renewed its lease. Volastra is a clinical stage cancer biotechnology company focused on exploiting chromosomal

Matheos Realty sells six residential units in Flatbush for $775,000

Brooklyn, NY Matheos Realty Group closed on the $775,000 sale of 1827 Nostrand Ave. in the neighborhood of Flatbush. Matheos Realty Group founder & CEO, Peter Matheos and director, Isaiah Thomas represented the buyer and seller in

Online real estate auctions - by Thomas Kearns

After years of reading about online auctions I finally had a client win one last week. The experience was a bit unnerving as, by design, the bidder and the bidder’s counsel have very limited insight or input into the auction process. A non-negotiable purchase and sale

McLaughlin named senior associate at Denham Wolf Real Estate Services

Manhattan, NY Denham Wolf Real Estate Services hired Maddie McLaughlin as a senior associate in project management services. As a senior associate, McLaughlin supports Denham Wolf’s clients and project management staff from the project’s onset and

Morrison Foerster advises Mori Trust in SL Green Realty’s sale of 49.9% interest in 245 Park Ave.

Manhattan, NY SL Green Realty Corp. sold a 49.9% interest in 245 Park Ave. to a U.S. affiliate of Mori Trust Co., Ltd. at a gross asset valuation of $2 billion.

JLL Capital Markets arranges loan from Santander Bank and City National Bank and JV equity from The Davis Cos. for 268,000 s/f 55 Willoughby

Brooklyn, NY JLL Capital Markets has arranged the capitalization of 55 Willoughby, a 268,000 s/f, mixed-use development that will feature 295 apartments and 3,500 s/f of retail space.

The Oak & Avery Group brokers two office sales totalling $3.925 million

New Paltz, NY The Oak & Avery Group negotiated the sale of two mixed-use properties in Ulster County totaling $3.925 million: • 71 Main St., New Paltz, a 6,600 s/f office-retail building purchased by a local owner-user,

Greyhill Group expands portfolio with $22.5
million acquisition of Mill Hollow Apartments

Altamont, NY Greyhill Group has acquired Mill Hollow Apartments, an 84-unit multifamily property at 48 Bavarian Way. The class-A apartment complex is located about 20 miles west of Albany.

What does the second half of the year hold for CRE? - by Jakub Nowak

With summer now in full swing, it’s time to reflect on the first half of 2023. It has been one heck of a ride. The CRE news cycle during the last six months has been dominated by rising interest rates, predictions of a looming recession, a regional banking crisis, office