Front Section

BBVA relocates to 74,000 s/f at Brookfield Properties’ Two Manhattan West

Manhattan, NY According to Brookfield Properties, BBVA will relocate its local headquarters to Two Manhattan West, the office skyscraper located within the master-planned, eight-acre Manhattan West development.

JLL arranges 11,885 s/f at 410 Park Ave. to TriPost Capital Partners

Manhattan, NY Global Holdings Management Group said that real estate private equity firm TriPost Capital Partners has leased a full floor of office space at 410 Park Ave., a 22-story property located within the Plaza District.

GFP Real Estate renews lease 4,633 s/f to duotone audio group

Manhattan, NY GFP Real Estate, LLC said that duotone audio group, Ltd., a music and sound production company signed a three-year extension to its existing lease for 4,633 s/f on the sixth floor of 200 Varick St. in Hudson Sq.

NY State Homes and Community Renewal awards $5.1 million grants to improve and revitalize 23 downtowns and main streets

Albany, NY New York State Homes and Community Renewal has awarded $5.1 million in grants through Round XIII of the Regional Economic Development Council Initiative have been made to municipalities and nonprofit organizations across New York to support 23

Metro Realty Services negotiates two sales totaling $8.9 million

Westbury, NY Mark Timpone of Metro Realty Services sold 25,537 s/f at 120 New York Ave. to Richard Lin for $7 million. Timpone represented the seller, Timothy Beaumont, and Dan Gazzola of Newmark represented the buyer.

Koenig of Kislak Company sells 29-unit
multifamily property for $3.4 million

Spring Valley, NY The Kislak Company, Inc. negotiated the off-market sale of a 29-unit multifamily property at 15 West Funston Ave. for $3.4 million.

Bayport Funding provides $6.3 million bridge loan

Brooklyn, NY Bayport Funding has provided a $6.3 million bridge loan for a 16-unit multifamily building in Bedford-Stuyvesant. Located on Franklin Ave., the property will comprise 11,500 s/f and offer studios and two-bedroom units.

Paul and Sam Adler of Rand Commercial receive Hudson Valley Chapter of NYSCAR Economic Development Dealmakers (HV West) award for 2023

New City, NY Rand Commercial, congratulates Paul Adler, Esq., SIOR and Samuel Adler for receiving the Hudson Valley Chapter of the New York State Commercial Association of Realtors Economic Development Dealmakers (HV West) award for 2023.

New York construction activity - by James Ricca

With interest rates for commercial loans at levels not seen since the 1990s, origination activity has trickled to a standstill for most commercial real estate and commercial and industrial loans, as credit and underwriting standards have tightened and borrowers are trying to wait it out until interest

Durst and Newmark lease 26,292 s/f to ECP at One World Trade Center

Manhattan, NY According to The Durst Organization and The Port Authority of New York and New Jersey, ECP, a leading energy transition-focused investor, is expanding its footprint at One World Trade Center to 26,292 s/f,