Front Section

Cresa arranges lease extension for China Merchants Bank

Manhattan, NY Cresa principal Michael Goldman has arranged a 15-year lease extension for China Merchants Bank (CMB) New York branch at Park Tower Group’s 535 Madison Ave. The bank will occupy 43,060 s/f of full-floor office space on the 17th, 18th, and 23rd floors

OPEN Impact Real Estate assists two nonprofits secure long-term office space at 412-424 East 147th

Bronx, NY OPEN Impact Real Estate (OPEN) has assisted two nonprofits— Lift and Chances for Children —secure new long-term leases at 412-424 East 147th St. In the first transaction, LIFT, Inc., a nationwide nonprofit whose mission

Someck and Myers of Lee & Associates represent Pearl World in 8,800 s/f lease at Carnegie Hall Tower

Manhattan, NY Lee & Associates NYC represented Pearl World Inc. in a 12-year, 8,800 s/f lease at the iconic Carnegie Hall Tower at 152 West 57th St. in the Plaza District. The cosmetics company will lease the entire 48th floor and

A&E Real Estate unveils new mortgage lending arm

Manhattan, NY A&E Real Estate has formed A&E Real Estate Finance (AEREF), a debt financing platform led by Joseph Fingerman, an industry veteran with more than two decades of experience across the sector.

Marx Realty signs UpSlide to 9,536 s/f at 10 Grand Central

Manhattan, NY According to Marx Realty, UpSlide has signed a 10-year, 9,536 s/f lease on the sixth floor at 10 Grand Central. “We welcome UpSlide to 10 Grand Central’s unique and exceptional tenant roster,” said Craig Deitelzweig, president and CEO

Rice of SCG Retail leases
6,614 s/f to YETI

Manhattan, NY TSCG made known that YETI signing a retail lease at 200 Fifth Ave. Spanning 6,614 s/f, the store is divided between 3,770 s/f on the ground floor and an additional 2,844 s/f on the lower level. The store will open in late spring, early summer.

Katz & Associates represents Hobby Lobby in 42,000 s/f lease

Staten Island, NY Hobby Lobby opened its first NYC store (42,000 s/f). It’s located at 280 Marsh Ave. Katz & Associates’ Brian Katz and Daniel DePasquale represented Hobby Lobby along with master broker Graeme Keith of The Keith Group.

Brisa Builders breaks ground on 82-unit Grace’s Place

Queens, NY Brisa Builders broke ground on 82 units of affordable senior housing at 13-38 Central Ave. in Far Rockaway. The project, titled Grace’s Place, is a senior housing development for affordable housing in Edgemere. The project has the support of community

ProSentry closes seed round, pioneers smart building solutions

Manhattan, NY ProSentry, a New York-based technology service provider, has closed a $2.55 million seed funding round led by members of New York Angels, Inc., with participation from members of HBS Alumni Angels of Greater NY and other investors. The company’s approach to

Flaherty, Reynolds, Parsons and Williams of IPRG sell development site in Hunter’s Point for $3.6 million

Queens, NY Investment Property Realty Group (IPRG) negotiated the closing of 51-09 2nd St. in Hunter’s Point for $3.6 million. This property is located on the corner of 51st Ave. and 2nd St. The property offers 12,000 buildable s/f and