The Metaverse is defined as “a virtual reality space in which users can interact with an environment generated by computer and with other users” by the Oxford Advanced Learner’s Dictionary. Most of us in the commercial real estate business have been operating in the metaverse for decades without even realizing it.
When investing in real estate, the key is to buy a property well and then sell it for a profit at some point in the future. Many investors know they may be able to utilize Internal Revenue Code Section 1031 and exchange their property for a replacement property and defer their capital gains. This has been one of the
Brooklyn, NY Cushman & Wakefield served as the exclusive advisor to Senlac Ridge Partners and The William Macklowe Company in the procurement of $142.9 million in construction financing for a mixed-use development project located at 120 Fifth Ave. in Park Slope.
Manhattan, NY Raise Commercial Real Estate has signed a five-year, 12,159 s/f lease with Leap at 99 Hudson St. in Tribeca. Leap’s new space will serve as the company’s New York City headquarters.
White Plains, NY The Oak & Avery Group negotiated the sale of four Westchester County properties totaling $6.16 million. • 54-60 Russell St., White Plains, a 15-unit mixed-use assemblage purchased by a NYC-based firm, Russell Portfolio LLC, for
Manhattan, NY Rudin has completed two leases, totaling 18,650 s/f, at 41 Madison Ave., its recently repositioned office tower located in the Midtown South’s Flatiron District. Online home building platform, Welcome Homes, is more than doubling its
Manhattan, NY Newmark Retail has secured two new leases at 14 Wall St. The firm represented ownership to secure leases with N
o 1 Caviar for 1,400 s/f and Bio Vita for 1,900 s/f. Adding these two new tenants brings the asset’s retail space to fully leased. Newmark senior
Manhattan, NY Two Manhattan hotels represented by Brown Harris Stevens commercial agents John Goldman and Paul Holm have sold to the global non-profit AIDS Healthcare Foundation.
COVID-19 has had a major impact on reshaping the entire senior living industry with many changes likely to remain for the long term. The pandemic underscored the limitations of the current system, and provided many like us with the opportunity to reevaluate plans for the future and identify best practices
Manhattan, NY GFP Real Estate, LLC said that Billie Inc. signed a one-year renewal lease for 12,875 s/f on the 4
th floor at 100 Crosby St. in SoHo.Donna Vogel, senior managing director of GFP Real Estate, represented the landlord, GFP Real Estate, and the tenant, Billie Inc.,
