Verada leases 1,200 s/f to So Gold Studios

Brooklyn, NY Verada Real Estate has signed So Gold Studios to a 10-year lease for 1,200 s/f relocating to 448 Humboldt St., two blocks from their current home. The landlord, Investmates, a privately-held real estate investment and development company headquartered in Williamsburg, and a local boutique development company put their desire for exceptional design to fruition by bringing this exciting new addition to the neighborhood.

CBRE brokers 38,257 s/f 10-year lease for ESPRIT

Manhattan, NY Hudson Square Properties has arranged the 10-year lease for global fashion brand ESPRIT, a 38,257 s/f office on the 11^th and 12^th floors of 160 Varick St. in the Hudson Sq. neighborhood. The space will serve as the headquarters for the brand’s global design, branding, creative, and marketing efforts.

Cushman & Wakefield arranges $12.1 million sale of The Whitestone Assemblage

Whitestone, NY Cushman & Wakefield has arranged the sale of The Whitestone Assemblage for $12.1 million. Whitestone Assemblage is located at 151-11 6^th Rd., the site is an industrial outdoor storage (IOS) asset with a total lot footprint of 4.6 acres, including 1.5 acres of riparian water rights.

Okada & Company hires Fleischman, Mareddy, and Reavill

New York, NY Okada & Company (Okada & Co.) has hired three new team members: Alex Fleischman as director of business development, Kanuka Mareddy as assistant construction manager, and Avery Reavill as associate director. Fleischman is responsible for setting goals and developing strategic plans for both new business opportunities and revenue growth for the company.

Cantor Fitzgerald and Silverstein Properties close $165 million loan for 44-01 Northern Boulevard multi-family project

Queens, NY Affiliates of Cantor Fitzgerald, L.P. and Silverstein Properties have completed the latest closing of construction financing for 44-01 Northern Blvd., a project that Cantor Silverstein Opportunity Zone Trust, Inc. is invested in. Cantor Fitzgerald and Silverstein arranged a $165 million construction loan from Banco Inbursa for the development of a 354-unit multifamily property located on a 63,000 s/f lot in the Astoria neighborhood.

Cronheim arranges $9.1 million in financing for two mixed-use properties

New York, NY Cronheim Mortgage has secured $9.1 million in permanent financing for two mixed-use buildings in NYC. Andrew Stewart, Dev Morris, and Allison Villamagna placed the financings with Farm Bureau Life Insurance Company, whom Cronheim represented as correspondent and servicer.

HGAR appoints 2023 president and board of directors at installation gala

White Plains, NY The Hudson Gateway Association of Realtors (HGAR) inaugurated Tony D’Anzica, owner of Dynamax Realty NYC Inc. in Manhattan, as its 2023 president. HGAR also appointed its 2023 executive officers and directors at its Installation Gala, held at Marina Del Rey. The Tito Puente Jr. Band provided entertainment for the event.

Olayan Group leases 15,000 s/f to Kim for new restaurant space

Manhattan, NY The Olayan Group has partnered with Gracious Hospitality Management’s (GHM) founder and visionary restaurateur Simon Kim, who created Michelin-starred COTE Korean Steakhouse, to bring a new, multi-faceted dining concept to 15,000 s/f of space across three levels at the base of Olayan’s 550 Madison Ave.

L&L Holding Company signs Polsinelli PC to 10-year lease

Manhattan, NY L&L Holding Company has finalized an agreement with Polsinelli PC to expand and extend its NYC headquarters lease at 600 Third Ave., L&L’s 42-story office tower in the Midtown East District. Polsinelli signed a 10-year lease extension that will keep it at 600 Third Ave. through at least 2036, while also expanding by 13,129 s/f across the entire 33^rd floor.

Ariel honors employees with multiple awards, recognitions, and promotions

New York, NY Ariel Property Advisors (Ariel) has been honored with multiple internal recognition awards to its top producers, leaders and rising stars for their achievements throughout 2022. In addition, Ariel announced several internal promotions as the company continues to elevate and grow its leading team of professionals.