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IREON Insights: Issues with heating oil tank conversions in New York - by Scott Yanuck and Nicholas Kideris

Starting in 2011, New York City Department of Environmental Protection began passing laws banning the use of No. 4 and No. 6 heating oil in New York City (NYC), phasing out the use altogether by 2030. As a result, building owners and managers find themselves having to decide how to keep

Milstein Properties closes five new leases at
22 Vanderbilt totaling over 460,000 s/f

Manhattan, NY According to Milstein Properties, five lease signings  closed at 22 Vanderbilt totaling more than 460,000 s/f. The five leases bring the building to 91% occupancy. The leases include:

Chef Michael Mina’s Bourbon Steak opens at the JW Marriott Essex House New York

Manhattan, NY Acclaimed chef and restaurateur, Michael Mina is opening Bourbon Steak New York, a reimagined modern take on the American steakhouse, inside the JW Marriott Essex House New York. Designed by award-winning global interior design

Stenson of Brax Realty sells Murray Hill building for $6.1 million

Manhattan, NY Alan Stenson, senior director of Manhattan based Brax Realty is pleased to announce the sale of 27 East 37th Street in Murray Hill for $6,100,000. Stenson exclusively represented the

Lancewood Capital provides a $60 million credit facility to a New York-based alternative commercial real estate lender

New York, NY Lancewood Capital, a Greenwich, CT-based family office focused on senior real estate credit opportunities, provided a $60 million senior credit facility to a New York-based commercial real estate lender. Lancewood Capital has emerged as a sizeable provider

H2M Architects + Engineers named 2024 New York Design Firm Of The Year

Melville, NY Long Island consulting and design firm H2M architects + engineers was recently named as the 2024 New York Design Firm of the Year by Engineering News-Record. Engineering News-Record, or ENR, is a publications of the architecture, engineering

Report: Office building visitations in Manhattan jump from 66% in February to 74% in March and 75% in April

Manhattan, NY The Real Estate Board of New York (REBNY) released its latest monthly analysis of Placer.ai location data in 350 Manhattan office buildings for March and April. These reports track mobile data of office tenants and their employees, and, where applicable

Portelli & Gallishaw of Highcap Group sell East Village property

Manhattan, NY Christen Portelli, co-founder & principal and Ty Gallishaw, investment sales associate, of Manhattan based Commercial Real Estate firm Highcap Group, have completed the sales transaction located at 234 East 7th St.

SL Green Realty signs five leases at
485 Lexington Ave. - 64,303 s/f

Manhattan, NY SL Green Realty Corp. has signed four new office leases and one renewal lease at 485 Lexington Ave. totaling 64,303 s/f. “Leasing activity has rapidly improved over the first three months of the year,” said Steven Durels, SL Green’s executive vice president and director

GFP Real Estate closes on $54 million refinance loan from Apple Bank for 594 Broadway

Manhattan, NY GFP Real Estate, LLC has closed on a $54 million loan from Apple Bank to refinance 594 Broadway, a 12-story, 250,000 s/f office tower in SoHo. The new 10-year floating-rate permanent loan matures in 2034 and replaces a 2013