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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,

Roth of Manhattan Skyline Management and Klotsman of Douglas Elliman lease 925 s/f of retail space to 4GSeller at 107 Sullivan St.

Manhattan, NY According to Manhattan Skyline Management Corp., men’s luxury reseller, 4GSeller, has signed a lease for a new location at 107 Sullivan St. between Prince and Spring Sts. in SoHo.

Cozen O’Connor releases annual real estate survey

Manhattan, NY New York City real estate professionals’ confidence in the city’s short-term future dropped by a quarter since last year, while pessimism tripled, according to a survey conducted by the law firm of