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
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
Brooklyn, NY Marcus & Millichap have completed three sales totaling $21.125 million: 132 54
th 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
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
Manhattan, NY Bowery Farming is expanding and relocating to 151 West 26
th St., a building owned by the Rosen family. The company will occupy the 12
th floor, taking 17,610 s/f, and will have an exclusive roofdeck as an
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
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
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
Brooklyn, NY Brooklyn MLS issued their latest report focused on sales in Bay Ridge, as well as the overall median days on the market.
New York, NY Kensington Vanguard National Land Services (KV), one of the largest full-service national title insurance and settlement agencies in the U.S., has acquired GRS Title Services, LLC, a national commercial title insurance agency.
