Front Section

Hakimi Capital Group buys 71,000 s/f for $1.4 million; Warren of Warren Real Estate is broker

Binghamton, NY Hakimi Capital Group (HCG) has acquired the Colonial Plaza Office Buildings located at 30 & 32 W. State St. and 457 & 477 State St. The four buildings total 71,000 s/f.

Innovo Property Group and Square Mile Capital
close $305 million construction loan

Bronx, NY Innovo Property Group (IPG) and Square Mile Capital Management LLC have obtained construction financing totaling $305 million for their development of a one million s/f two-story class A logistics and distribution facility at

Today’s uncertain world is forcing businesses to adapt and reposition to ensure survival - by Rob Holdsworth

The uncertainty of today’s world is forcing businesses to adapt and reposition themselves so that they can make it through these challenging times. History has shown us that

Ginsburg Development Cos. acquires 74-unit Stratus on Hudson
in Yonkers for $39.5 million

Yonkers, NY Further adding to its presence in the city’s Greystone neighborhood, Ginsburg Development Cos. (GDC) has closed on the acquisition of Stratus on Hudson, a 74-unit rental building

Company of the Month: National Standard Abstract navigates through COVID-19 pandemic

New York, NY No one could have foreseen the economic downturn in the first quarter of 2020 as the novel coronavirus (COVID-19) made landfall in the U.S. this past January. With millions of lives at stake, gubernatorial executive orders were

JLL completes four sales in Manhattan: $37.275 million total

Manhattan, NY JLL Capital Markets have completed the following transactions: The $13.85 million sale of 1364 and 1368 York Ave., a pair of mixed-use buildings in the Lennox Hill neighborhood on the

NYSERDA names winners of Future Grid Challenge

New York, NY The New York State Energy Research and Development Authority (NYSERDA) unveiled awards to five teams under the first two rounds of the Future Grid Challenge aimed at developing solutions to integrate clean and renewable energy into the

Cushman & Wakefield renews PR USA’s lease at 250 Park Ave. – 48,722 s/f

Manhattan, NY Cushman & Wakefield arranged a long-term lease renewal at 250 Park Ave., a Midtown commercial office building, for Pernod Ricard USA (PR USA). PR USA will continue to use the entire 16th and 17th floors,

Avison Young handles leasehold sale – $10.2 million

Manhattan, NY The Tri-State Investment Sales Group for Avison Young has arranged the sale of the leasehold interest of a newly-constructed, four-story, office building located at 286 Lenox Ave. between West 124th and 125th Sts. in Harlem.

Maxons Restorations details approaches to decontaminate buildings

New York, NY The coronavirus crisis warrants two different approaches by owners and managers of residential and commercial buildings, according to Howard White, president of Maxons Restorations.