Front Section

Highcap Group sells 22,000 s/f Flamingo Furniture store - $11.5 million

Brooklyn, NY Josh Goldflam, co-founder & principal of Highcap Group, along with broker Zach Mishaan have arranged the sale of 5105-5111 5th Ave. for $11.5 million. The property is located in the Sunset Park neighborhood. The seller was the Mitrani family,

Pacific Retail Capital Partners, Cappelli Organization, SL Green Realty file rezoning request for multi-billion dollar Galleria site redevelopment

White Plains, NY In what would be one of the largest conversions of an enclosed shopping mall into open space, mixed-use residential and retail in the New York metropolitan tri-state region, Pacific Retail Capital Partners (PRCP), The Cappelli Organization,

Rand Commercial leases 2,394 s/f office space

Nanuet, NY Rand Commercial negotiated a five-year lease for 8 College Ave. with an option to purchase with D & J Industries, LLC. The 2,394 s/f professional office off Rte. 59, features

SL Green Realty signs 31,916 s/f renewal and expansion with Howden Tiger

Manhattan, NY SL Green Realty Corp. said that Howden Tiger, a reinsurance brokerage, has signed a 10-year, 31,916 s/f renewal and expansion lease at 1350 Avenue of the Americas. Howden Tiger’s footprint now includes its currently occupied 13,287 s/f

McAllister of Statewide Abstract rides 142 miles to raise funds for Hudson Gateway Realtor Foundation

White Plains, NY Matt McAllister, COO of Statewide Abstract, participated in a 142-mile bike race in Colorado to raise money to benefit the Hudson Gateway Realtor Foundation (HGRF). McAllister, who is also an agent with Corcoran Baer & McIntosh in Nyack, is chair of the HGRF Project

Ananthanathan joins Denham Wolf Real Estate as director of development services

Manhattan, NY Priya Ananthanathan has joined Denham Wolf Real Estate Services as director of development services. With a decade of experience guiding nonprofits through acquisition, renovation, and new construction projects, Ananthanathan brings an innovative approach to development

Simone of Simone Development Companies named chair of 2024 American Heart Association’s Heart of New York City

Manhattan, NY Joe Simone, president of Simone Development Companies, has been named centennial chair of the American Heart Association’s Heart of New York City, a year-round effort aimed at investing in and saving and improving lives in the five boroughs.

GFP Real Estate signs three tenants at 630 Ninth Ave. totaling 5,492 s/f

Manhattan, NY GFP Real Estate, LLC signed three leases at 630 Ninth Ave., also known as The Film Center Building, totaling 5,422 s/f. Zoic Studios, a visual effects company with offices in Los Angeles, New York and Vancouver, signed

Silver linings - by Shallini Mehra

There is no sugar coating that NYC landlords are operating in challenging times with high interest rates, increasing operating expenses and over-regulation as it pertains to housing. Silver linings are few and far between, though one recent positive Court of Appeals decision

REBNY names honorees for 2024 REBNY Annual

Manhattan, NY The Real Estate Board of New York (REBNY) named the industry and civic leaders who will be honored at the REBNY Annual on January 18th, 2024 at The Glasshouse.