Front Section

Douglaston Development signs 2,656 s/f lease with Detour Gallery

Manhattan, NY Douglaston Development has signed a 10-year, 2,656 s/f lease with Detour Gallery, LLC at Douglaston’s 555 West 23rd St. in Chelsea and is slated to open end of this month.

Newmark arranges $248 million refinancing loan for BentallGreenOak and Slate Property Group

Manhattan, NY On behalf of BentallGreenOak and Slate Property Group, Newmark has arranged a $248 million refinancing of The Biltmore, a 464-unit luxury apartment building complemented by 47,397 s/f of commercial space

Rosewood Realty Group brokers $11.6 million sale of 10,445 s/f building

Brooklyn, NY Rosewood Realty Group negotiates the sale of a three-story Flatbush, mixed-use building with two market-rate residential apartments and three retail spaces for $11.6 million. The building, at 357 Flatbush Ave., (between Park and Sterling Places)

Silverstein Properties arranges direct lease for StubHub at 3 World Trade Center

Manhattan, NY Silverstein Properties arranged for StubHub, the ticket marketplace with the world’s largest selection of live events, a direct lease for a full floor at 3 World Trade Center.

TerraCRG completes $2.2 million sale of 119 42nd St. in Sunset Park

Brooklyn, NY TerraCRG has completed the sale of 119 42nd St., a fully renovated commercial building, located in Sunset Park. The asset sold for $2.2 million, and the seller was exclusively represented by TerraCRG partners Dan Marks and Daniel Lebor,

Avoiding land grabs - by C. Jaye Berger

With all the new development work that is being done currently, especially in the five boroughs, buildings need to be more careful than ever that the right areas are being worked on by the right people. For example, during a project involving a portion of the roof, the

Greystone hires three senior executives; Casavant, Carlin and Chisholm

New York, NY Greystone has hired Mike Casavant as a managing director, Ryan Carlin as a director, and JP Chisholm as a director to its Greystone Commercial Capital (GCC) team.

Lee & Assocs. arranges 3,133 s/f lease with Philip Plein

Manhattan, NY Lee & Associates NYC represented 119 Spring Street Subsidiary LLC in a new 10-year lease with Philipp Plein at 119 Spring St. in SoHo. The lease consists of the ground floor - 1,951 s/f, and lower level - 1,182 s/f of the building. Philipp Plein will move

TF Cornerstone and Chashama partner to sign 4,000 s/f lease for “Project Space” for upcoming artists

Manhattan, NY TF Cornerstone (TFC) in partnership with the New York City-based nonprofit Chashama has opened “Project Space” for artists, on the ground floor of Chelsea Centro at 274 7th Ave., a mixed-use building located

CBRE arranges 8,367 s/f lease at 61 West 23rd St. for The Action Network

Manhattan, NY CBRE has completed an 8,367 s/f office lease at 61 West 23rd St. The Action Network, a sports media company featuring news and analysis focused on sports betting in the United States, inked a long-term lease on the second floor