Front Section

Ashkenazy acquires 374,000 s/f The Shops at Atlas Park from Macerich

Queens, NY Ashkenazy Acquisition Corp. has acquired The Shops at Atlas Park from Macerich and a partner. The acquisition represents Ashkenazy’s format of acquiring and renovating best-in-class retail assets throughout the U.S.

Property of the Month: Mojo Stumer Associates unveils architectural achievement with Bryant Plaza: The innovative mixed-use design highlights Roslyn Height’s transit-oriented future

Roslyn Heights, NY Mojo Stumer Associates, a renowned Long Island-based architecture and interior design firm, proudly announced the public opening of their latest commercial project, Bryant Plaza. Since embarking on the project in 2017, Mojo Stumer has led the entire design

The Conference Board signs 20-year 30,171 s/f lease at Global Holdings’ 875 Third Ave.

Manhattan, NY Global Holdings said that global nonpartisan think tank The Conference Board, Inc. has signed a 20-year lease at 875 Third Ave. in Midtown East. A relocation of its headquarters, the nonprofit organization will occupy the entire ninth floor totaling 30,171 s/f.

Electra USA names Walsh as chief financial officer

Manhattan, NY Electra USA, a leading electromechanical contracting company, has appointed Patrick Walsh as the company’s new chief financial officer. A seasoned construction and finance executive, Walsh brings over 30 years of experience leading financial strategy, corporate operations,

Schertz joins Ariel Property Advisors’ investment sales group

Manhattan, NY Ariel Property Advisors hired Sam Schertz as a professional in the investment sales group. Schertz brings over a decade of experience in investment sales and capital markets to the firm and will focus on leading business development and initiatives in Northern Manhattan.

Bozkurt and Zalta of Platinum Commercial lease retail space to Kalsang Pottery in the East Village

Manhattan, NY Kalsang Pottery opened its first retail location at 241 East 10th St. in the East Village, according to exclusive listing agent Platinum Commercial. The shop will feature functional art pieces designed for everyday culinary enjoyment.

ACRE closes $1 billion credit fund to expand lending

New York, NY ACRE, a leading private real estate fund manager focused on U.S. housing, has closed ACRE Credit Fund II, totaling $1 billion in capital commitments raised, reaching the hard cap. The fully subscribed fund marks ACRE’s sixth discretionary vehicle and second dedicated credit fund, underscoring robust

Cofinance Group and Kings Capital
acquire 392 West Broadway for $21 million

Manhattan, NY Cofinance Group and Kings Capital, in a joint venture, have acquired 392 West Broadway, a five-story mixed-use property located in SoHo. The building totals 16,678 existing s/f and 19,315

JLL arranges full floor lease with Bramshill Investments at 45 E 53rd St.

Manhattan, NY JLL has arranged the first lease at the newly-repositioned Park 53, a 140,000 s/f boutique office property located at 45 East 53rd St. in the Plaza District

J.B. Industries secures 29,744 s/f lease at 35-02 Skillman Ave.

Queens, NY JLL announced today it has completed a 29,744 s/f lease renewal at 35-02 Skillman Ave., a 54,000 s/f, three-story commercial property on behalf of J.B. Industries, Inc