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ERG Commercial closes $2.4 million construction loan on 12,000 s/f

Queens, NY ERG Commercial Real Estate, through an affiliate, has funded a $2.4 million refinance construction loan on a five-story mixed-use building in Corona. The 12,000 s/f newly constructed building features 10 residential units and two commercial retail stores.

Tenant rep. veteran Goldman joins Cresa Global as principal

New York, NY Tenant representative veteran Michael Goldman has joined Cresa Global as a principal. During his career, Goldman has leased more than 20 million s/f of commercial office space to corporations, foreign banks, investment banks, financial services companies, law firms, technology companies, and media companies.

New Bronx Chamber of Commerce establishes Joseph Kelleher Award of Excellence at 2022 Annual Gala

New York, NY The New Bronx Chamber of Commerce held their 2022 Gala “Celebrating Our Members” at the Marina Del Rey in The Bronx, honoring founding members Joseph Kelleher of Simone Development, John Collazzi, former publisher and founder of the Bronx Times-Reporter who was instrumental in the re-establishment of the Chamber in 2001, and the New York Yankees, represented by Brian Smith, senior vice president, on behalf of founding vice president George Steinbrenner and the Steinbrenner family.

Mindspace leases 37,403 s/f at Rubenstein Partners 25 Kent Avenue

Brooklyn, NY Rubenstein Partners’ 25 Kent, mixed-use office and light manufacturing building, signed a 37,403 s/f, 10-year agreement with Mindspace, a Tel Aviv-based flex space provider, at 25 Kent Ave. in Williamsburg. This is the company’s second location in partnership with Rubenstein Partners, following Mindspace Wanamaker in Philadelphia.

Urban Edge Props. signs Wren Kitchens for store in Yonkers Gateway Center

Yonkers, NY Urban Edge Properties signed a lease with Wren Kitchens for a new store at Yonkers Gateway Center. Slated for a 2023 opening, this will be the design showroom’s first Westchester location. The new concept is replacing a closed Pier 1 store. Wren Kitchens is the UK’s top retailer for affordable luxury kitchens and aims to be the same in the U.S.

Stanford and Rossignol of CBRE lease 2,196 s/f retail space to Carlo’s Bakery

New York, NY CBRE inked Carlo’s Bakery, a national baked goods shop founded by Cake Boss Buddy Valastro, to a new retail lease at 1500 Broadway. Carlo’s Bakery committed to 2,196 s/f of ground floor retail space that will serve as its newest Manhattan location.

Fisher Bros. signs Brevan Howard to 83,403 s/f at 1345 Ave. of Americas

New York, NY According to Fisher Brothers, Brevan Howard has signed a lease agreement at 1345 Avenue of the Americas. Brevan Howard, an alternative leading asset manager and current tenant of 1345 Avenue of the Americas, will increase their presence from a partial floor tenancy to occupy 83,403 s/f on two full floors, the 19th and 20th.

CP Capital launches ‘Project Destined’ partnership

New York, NY CP Capital, a U.S. real estate manager specializing in multifamily investments, has entered into a partnership with Project Destined, a social impact education and investment platform that specializes

New REBNY report, “The Invisible Engine,” highlights role real estate sector has on NYC tax revenues

New York, NY The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, released a new report, “The Invisible Engine,” which highlights the critical role of the real estate sector

GFI Realty services arranges the $3.5 million sale of a mixed-use asset

New York, NY GFI Realty Services has completed the $3.5 million sale of 4802 13th Ave., a walk-up building comprised of a ground floor retail unit and 5 apartments located in the Borough Park section