Williams Equities and Citi Real Estate Funding close
$155 million CMBS refinance of 28-40 West 23rd St.

Manhattan, NY Williams Equities has completed a $155 million CMBS loan for the group’s 28-40 West 23^rd St. property. Citi Real Estate Funding Inc. is the lender on the five-year loan.

KeyPoint Partners leases 80,000 s/f
to Apple Cinemas at City Center

White Plains, NY KeyPoint Partners (KPP) negotiated a new lease for its expanding cinema client Apple Cinemas for a location at City Center. Apple Cinemas will replace the former Showcase Cinema Deluxe. Vice president of retail brokerage Don Mace

SL Green signs leases totaling
104,110 s/f at One Madison Ave.

Manhattan, NY SL Green Realty Corp. made known three new tenants have signed leases covering 104,110 s/f at One Madison Ave. The 1.4 million s/f, new office tower located in the Midtown South submarket is now 63.6% leased with the lease up of all tower

Project EATS expands with office at Essex Crossing

Manhattan, NY Delancey Street Associates, a joint venture of Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group, and the Urban Investment Group within Goldman Sachs Asset Management

Convene signs 22,519 s/f expansion at 360 Madison Ave. - total 68,000 s/f

Manhattan, NY Convene has signed the entire 22,519 s/f level six floorplate of 360 Madison Ave., growing to 68,000 s/f across the fourth, fifth, and sixth floors.

The impact of rent regulation - by Robert Khodadadian

For landlords, the playbook had long been simple and lucrative: buy run-down buildings that are, in New York lingo, rent-stabilized, fix them up, pass along the expense to tenants by raising rents (allowed under the regulations), cash out, and repeat.

Island Associates brokers two long-term retail leases

Middle Island, NY Island Associates negotiated a long-term lease extension with Lemon Tree Salon for 1,200 s/f at Strathmore Commons. Lemon Tree has been a tenant for over a decade.

Town of the Month: Cortlandt, New York...Where
life works at home, work and play

Cortlandt, NY How many developers, businesses and commercial Realtors located in southern Westchester and New York City are aware of a hidden gem nestled along the Hudson River, less than an

Hiney and Butler join Forchelli Deegan Terrana as partners

Uniondale, NY Forchelli Deegan Terrana LLP (FDT) welcomes Jesse Hiney to the firm as a partner and chair of the firm’s environmental practice group and Philip Butler to the firm’s land

Igloo brokers Dumbo Market’s 13,500 s/f lease at Jasper

Long Island City, NY The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group released that Dumbo Market, a grocery store, has signed a lease for 13,500 s/f of retail space at Jasper,