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Investment Property Realty Group sells five-unit apartment building for $3.24 million to Greenbrook Partners and Carlyle Group

Brooklyn, NY Investment Property Realty Group (IPRG) negotiated the closing of 234 Saint Nicholas Ave. for $3.24 million. This property is located between Greene Ave. and Bleecker St. in Bushwick. This property offers five apartments. The building is

Lightstone names Maciejczak as senior vice president of life sciences

Manhattan, NY Chris Maciejczak has joined Lightstone as senior vice president of life sciences. Maciejczak  comes to Lightstone after leading the life sciences platform at Boston Properties.

OPEN Impact Real Estate leases 40,000 s/f at 245 West 77th St. to Church of Jesus Christ of Latter-day Saints

Manhattan, NY OPEN Impact Real Estate (OPEN) said that The Church of Jesus Christ of Latter-day Saints has signed a three-year lease for 40,000 s/f of shared and dedicated space at West End Collegiate Church’s facility located at 245 West 77th St. on the

Avison Young sells 803 Madison Ave. to 1031 investor - $14.5 million

Manhattan, NY Avison Young has arranged the sale of a vacant retail and office property at 803 Madison Ave. on behalf of property owner Philip Sprayregen for $14.5 million. The 8,577 s/f property containing retail and office space was delivered vacant, previously occupied

The Moinian Group’s 535 Fifth Ave. reaches 100% retail occupancy with 5,200 s/f lease to Paris Saint-Germain

Manhattan, NY The Moinian Group have reached 100% retail occupancy at 535 Fifth Ave., an office and retail property  with the recent signing of a 5,200 s/f, 10-year lease with Paris Saint-Germain, the Paris-based professional football club.

Colliers arranges 60,000 s/f lease at 320 Park Ave.

Manhattan, NY Colliers has secured a new lease to be occupied by Flagstar Private Bank, a core business unit of Flagstar Bank, N.A., at 320 Park Ave. A Colliers team consisting of tri-state president Michael Cohen, executive vice president Howard Kaplowitz

ATCO signs Caudalie to 14,000 s/f lease at 381 Park Ave. South

Manhattan, NY ATCO Properties & Management made known that Caudalie Inc., a French skincare company, is establishing its new U.S. headquarters at 381 Park Ave. South in the city’s Midtown South office district. Caudalie relocated from its offices at 70 West 36th St. to a full

Society for Marketing Professional Services New York Chapter to host panel discussion on Feb. 21

Manhattan, NY Join the Society for Marketing Professional Services New York Chapter (SMPS-NY) for a panel discussion “The Power of Public Relations & Digital Marketing” scheduled for February 21, from 5-7 pm at the Cosentino showroom, located at 150 E 58th St.

OPEN Impact Real Estate secures 50,000 s/f for Catholic Guardian Services

Bronx, NY OPEN Impact Real Estate (OPEN), a woman-owned commercial real estate services company specializing in non-profit organizations, has secured a 50,000 s/f extension for Catholic Guardian Services. This extension is part of a two-transaction

Top 2023 legal developments affecting New York’s commercial real estate industry - by Thomas Kearns

2023 was a year of dramatically increased interest rate pressure on commercial real estate caused by the Federal Reserve’s actions to curb inflation. The rate environment resulted in reduced level of transactions but legislatures and regulators continued to pass laws