Hastings Capital progressing on 30,000 s/f multi-tenant office/industrial building, Leonardo Place, 25 DaVinci Dr.

Bohemia, NY In January 2023, Hastings Capital broke ground at what will be known as Leonardo Place, an office/industrial space located at 25 DaVinci Dr. Hastings has owned the land for approximately twenty years.

Yagoda of GFP Real Estate renews Adaptive Design Association's 3,600 s/f lease at 307 West 36th St.

Manhattan, NY GFP Real Estate, LLC said that Adaptive Design Association (ADA), a NYC-based nonprofit that uses an innovative approach to disability services, has signed a five-year lease renewal for its 3,600 s/f office on the ground floor of 307 West 36^th St.

Hach of Refined facilitates $8.4 million senior participation loan

Brooklyn, NY Joe Hach, partner at Refined, arranged a senior participation loan of $8.4 million.

Many landlords are struggling to rationalize their increased tax bills relative to their reduced or stagnant pre-tax bottom lines - by Peter Blond

While a clear majority of New Yorkers have reached their boiling point over the “no end in sight” migrant crisis, property owners are merely wondering when real estate taxes might at least mirror their declining collections and property values. With history and simple economics as a guide, it is unlikely the city

Hamilton of Helmsley Spear represents Flatbush Adult Daycare in 8,000 s/f lease

Brooklyn, NY According to Kent Swig, president, Helmsley Spear, LLC, has represented Flatbush Adult Daycare, in a new location for the service provider. The new space is located at 885 Flatbush Ave. and covers 8,000 s/f on the second floor.

Simone Development Companies and RIPCO lease 2,957 s/f to Chipotle at Hutchinson Metro Center Atrium

Bronx, NY According to Simone Development Companies, Chipotle Mexican Grill has signed a long-term, 2,957 s/f lease at the firm’s Metro Center Atrium, located at 1776 Eastchester Rd. within the Hutchinson Metro Center complex.

Fried Frank represents Vornado in 266,000 s/f development at Pier 94

Manhattan, NY Fried Frank represented Vornado Realty Trust in connection with the authorizations and other entitlements needed to develop a 266,000 s/f, film, television and media production studio and public open space overlooking the Hudson River on Pier 94. Fried Frank further represented Vornado

Seven tenants sign at The Durst Organization and The Port Authority of New York and New Jersey’s One World Trade Center

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.

Non-imputation title insurance - by Thomas Kearns and Hyman Kindler

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

The Real Estate Institute at Stony Brook University College of Business to hold fall luncheon on Oct. 20

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.