Manhattan, NY The Durst Organization and The Port Authority of New York and New Jersey said that seven tenants have signed leases totaling nearly 50,000 s/f at One World Trade Center. The transactions consisted of three new leases and four renewals.
Real estate investors often purchase ownership interests in existing entities that own commercial real estate rather than acquiring the property by deed. Reasons for this include more favorable transfer or income tax consequences. Sometimes, if the price is large enough, the purchaser would like to have title insurance coverage
Farmingdale, NY The Real Estate Institute (REI) at Stony Brook University (SBU) College of Business will hold a joint panel event on October 20
th. The fall luncheon, titled “Reimagining the Modern Office Space,” promises an exploration of the evolving landscape of work environments.
Manhattan, NY According to TF Cornerstone (TFC), a new lease has been signed with Chip City Cookies at the ground floor of their 278 7
th Ave. property, Chelsea Centro. The brand known for its rotating cookie offering will be opening its doors at this location in Q1 of 2024, marking
Manhattan, NY The Olayan Group said that Little Birch, a new food and drink kiosk serving seasonal lunchtime fare in 550 Madison’s public garden has opened. Little Birch will be overseen by chef Solanki Roy of Great Performances, who is executive chef for The Arch amenity space
As summer comes to a close and schools reopen, the back to school season provides some industries a welcome respite from the chaotic demands of the summer, and others a much needed boost after a slow set of months
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Brookyln, NY According to Refined CRE, senior capital advisor, Peter Cohen, has secured construction financing of $4 million for a property. Demonstrating both efficiency and expertise, the entire transaction
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
Manhattan, NY Jafri Capital announced a strategic relationship with Prime Manhattan Development, together tackling development projects. PMD is led by Grant Shapolsky who comes from a family with 115 years of experience and has successfully developed
Even though the slumps in retail and office values have been well-documented this decade, the most significant downfall in New York real estate is in rent stabilized multifamily. Maybe that’s because rent stabilized apartment owners have been reluctant to admit defeat, as their
