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Investment Property Realty Group sells 4,780 s/f 777 Grote St. for $1.15 million

Bronx, NY Investment Property Realty Group (IPRG) brokered the closing of 777 Grote St. in Belmont for $1.15 million. This property is located between Southern Blvd. and Prospect Ave. The lot is built 25 ft. x 125 ft. The building is built 21 ft. x 60 ft., offering 3,780 s/f.

Newmark secures 34,076 s/f for Hawthorne Country Day School

Manhattan, NY Newmark has secured a new 34,076 s/f lease on behalf of the Hawthorne Country Day School Manhattan. The tenant has relocated from 156 William St. to The Woolworth Building at 233 Bdwy., where it will occupy the entire fourth floor with a ground-floor

Olshan Properties secures two leases totaling 21,411 s/f at 99 Hudson

Manhattan, NY Olshan Properties completed two leases, totaling 21,411 s/f, at 99 Hudson St., its 175,000 s/f, 17-story Tribeca office property. Community College Campus Inc. has signed a new, 9,300 s/f lease for its New York City headquarters.

JLL sells 200 Mott St.

Manhattan, NY JLL Capital Markets sold 200 Mott St., a seven story, mixed-use walk-up building in Nolita. JLL represented the seller, a private owner, and the buyer, a private investor. The sale price was $7.55 million.

New York Building Congress names Kellyof STV as chair, Velez of Velez Org. as building foundation chair board of directors class of 2026 members

Manhattan, NY At the annual membership meeting & construction industry luncheon, the New York Building Congress welcomed STV president and chief executive officer Gregory Kelly as chair, and Velez Organization president and principal Elizabeth Velez as building foundation chair,

Hennessy joins Madison Capital as senior West Coast acquisitions advisor

Manhattan, NY Madison Capital has appointed Tim Hennessey as its senior West Coast acquisitions advisor. Hennessey joins Madison after a 20-year tenure as the managing director and head of West Coast acquisitions at Prudential Global Investment Management (PGIM), bringing

CBRE: Green energy-related leasing accelerates in Manhattan

Manhattan, NY With over $55 billion committed by New York State to source 70% of its power from renewable energy by 2030 and to achieve a zero-emission electric sector by 2040, New York City is experiencing the start of a new trend according to the CBRE Brief,

Cushman & Wakefield arranges $27 million sale of commercial townhouse

Manhattan, NY Cushman & Wakefield has arranged the sale of 25 East 22nd St., a 17,185 s/f office building. The final sale price was $27 million equating to $1,571 per s/f.

Houlihan Lawrence Commercial Q4 Market report: Westchester commercial market faced challenges and opportunities in 2023

Rye Brook, NY Westchester’s commercial real estate market faced numerous challenges and opportunities in 2023, according to the Houlihan Lawrence Commercial Q4 Market report.

New York City - A resilient market - by Shallini Mehra

As we have seen time and again, the real estate market is a resilient one. Despite the headwinds of high interest rates in 2023, we noted the following examples of the market’s perseverance this year and themes that persist in both strong and weak markets.