Front Section

Norman Bobrow & Co. secures 17,644 s/f at 250 W. 57th St; Cushman & Wakefield act for landlord, Empire State Realty Trust

Manhattan, NY Distinguished Concerts International moved into a new 17,644 s/f space on the 19th floor of 250 West 57th St. overlooking Columbus Circle. Norman Bobrow & Co.’s managing director Matt Kashani, with

Orlander and Spielman of GFI Realty broker 288-unit apartment complex sale in Poughkeepsie – $35.3 million

Poughkeepsie, NY GFI Realty Services, LLC handled the $35.3-million sale of 134 Innis Ave., a 288-unit garden apartment complex. GFI Realty associate director Josh Orlander represented the seller and Sylvia Spielman, also of GFI Realty,

Changing strategies in New York City - by Andrew Dansker

The New York real estate industry is facing challenges in 2020. Major regulatory reforms have been enacted which have severe negative impacts on values and cash flows for owners of stabilized multifamily units. Further regulatory reforms are under discussion which

EQ Office and design studio, INC, partner for redesign of 1740 Broadway

Manhattan, NY According to EQ Office, it has commenced an extensive reshaping of the tenant experience at 1740 Broadway, which will offer employees more optionality in how they work. The transformation includes a redesign of the

Marcus & Millichap completes three sales totaling $21.125 million

Brooklyn, NY Marcus & Millichap have completed three sales totaling $21.125 million: 132 54th St., a 35,500 s/f industrial property sold for $15.25 million. Jakub Nowak and Jake Torre, investment specialists at the firm, had the exclusive

Havens and Pardo of TerraCRG lease 1,650 s/f; Spiegel Associates acts for tenant

Brooklyn, NY TerraCRG has completed a lease at 105 Court St. Chris Havens and Caroline Pardo of the TerraCRG office leasing division represented the landlord, Chanin Court Associates. Ted Spiegel of Spiegel Associates acted on behalf of

Koeppel of Koeppel Rosen brokers 17,610 s/f lease; Okun of Cresa reps. tenant

Manhattan, NY Bowery Farming is expanding and relocating to 151 West 26th St., a building owned by the Rosen family. The company will occupy the 12th floor, taking 17,610 s/f, and will have an exclusive roofdeck as an

AIA New York names 2020 Design Award recipients

New York, NY A jury of independent architects, educators, critics, and planners convened at the Center for Architecture to select the winners of the 2020 AIA New York Design Awards. The jurors publicly named the 35 winning projects at a

Lowy of Juniper Capital secures $5.15 million loan

Brooklyn NY Juniper Capital Group secured a $5.15 million cash out refinance loan from Greystone for a 10-unit multifamily. Juniper Capital’s Nate Lowy negotiated loan terms that included

AAGS Holdings acquires Eagle Electric building; $27.5 million deal arranged by Meridian Capital Group

Queens, NY AAGS Holdings has purchased the former Eagle Electric building in Long Island City, with plans to build a tower above the current structure to create a class-A office building with retail and cafés. AAGS Holdings is a joint venture of