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GFI Realty Services sells 499 5th Ave. for $1.95 million

Brooklyn, NY GFI Realty Services, LLC brokered the $1.95 million sale of 499 5th Ave., a single-story net lease asset, located in the Park Slope neighborhood. GFI Realty associate director Kobi Zamir represented the buyer, a local investor. Moshe Goldberger,

RIPCO leases 1,092 s/f to Mure+Grand at KPG’s 155 Spring St.

Manhattan, NY Mure+Grand, a NY-based boutique that offers a unique selection of jewelry, accessories, clothing, gifts and more has expanded and plans to open it’s sixth store at 155 Spring St. in SOHO.

Mandell of GFP Real Estate leases 4,100 s/f to Extron Electronics

Manhattan, NY GFP Real Estate, LLC has signed RGB Systems Inc. (d.b.a.) Extron Electronics, to a five-year lease extension for its existing 4,100 s/f on the 8th floor of 247 West 37th St. in the Garment District.

Invictus Property Advisors and Stav Equities sell 38,259 s/f development site for $3.75 million

Brooklyn, NY Invictus Property Advisors (Invictus) and Stav Equities (Stav) negotiated the sale of a block-through development site on 48 Somers St. in the Bedford Stuyvesant neighborhood for $3.75 million. The property, located within an Opportunity Zone and eligible

Raise Commercial Real Estate inks 4,000 s/f lease for firm’s NYC headquarters

Manhattan, NY aise signed a three-year, 4,000 s/f lease at 184 Fifth Ave.to serve as the firm’s NYC headquarters. Relocating from the firm’s coworking location in Chelsea, the new office space will allow Raise to continue its growth trajectory in the region.

Hempstead IDA gives final authorization to benefits package to assist upgrade of 875 Merrick Ave.

Westbury, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said the agency has given final authorization to a package of economic development incentives that will assist a developer update a more-than-40-year-old office building.

Wehle named executive vice president of the Building Trades Employers Association

Manhattan, NY The Building Trades Employers Association (BTEA) said that Patrick Wehle is joining the organization as executive

Local Law 97 is set for 2024 and building owners are running out of time - by Jim Woods

Passed as part of the 2019 Climate Mobilization Act, Local Law 97 is one of the nation’s most ambitious laws to reduce carbon emissions, and it’s just around

Fordham REI hosts U.S. Rep. Torres to discuss with Bess Freedman on NY’s Affordable Housing Crisis

The Fordham Real Estate Institute (REI) hosted U.S. Rep. Ritchie Torres, D-N.Y. at its Lincoln Center campus for a conversation about affordable housing in New York City, led by Bess Freedman, CEO of real estate firm Brown Harris Stevens and member of REI’s Executive Advisory Council (EAC) of industry and business leaders. The event was part of REI’s “Titan Talks” series

Nassimian of Highcap Group promoted to Director of Investment Sales

Highcap Group, a Manhattan based commercial real estate firm, has announced the promotion of their investment sales associate Rodney Nassimian to Director of Investment Sales, effective immediately