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SL Green Realty closes on sale of three properties totaling $691 million

Manhattan, NY SL Green Realty Corp. closed on the sale of three properties totaling $691.4 million, including 625 Madison Ave., 719 Seventh Ave. and the Palisades Premier Conference Center, which generated net proceeds to the company of $222.7 million that was used for corporate

Real estate transfer methods - by James Ricca

There are various methods for the transfer of real estate, whether in the context of arm’s length transfers to third parties, or personal family transfers to one’s heirs for estate planning purposes.

Blackstone expanding/extending lease at Rudin’s 345 Park Ave.

Manhattan, NY Rudin made known that Blackstone, is expanding and extending its long-time global headquarters lease at 345 Park Ave. With this agreement, Blackstone is expanding by 250,644 s/f of office space in the Plaza District tower and extending its existing

Lebor, O’Neill and Marks of TerraCRG sell 10,000 s/f industrial property

Brooklyn, NY TerraCRG negotiated the sale of the one-story 10,000 s/f block-through industrial property at 7 Knickerbocker Ave. in East Williamsburg. Daniel Lebor, Jackson O’Neill and Dan Marks of TerraCRG exclusively brokered the transaction for a sales price of $7 million

Eastern Union arranges $72 million construction financing for 117-unit condo

Queens, NY Chaim Greenfeld, a vice president with Eastern Union, has secured $72 million in construction financing toward the development of a 117-unit luxury condo in Long Island City.

Bayport Funding provides $6.5 million acquisition and construction loan

Brooklyn, NY Bayport Funding closed a $6.5 million acquisition and construction loan for a Williamsburg multifamily property. Upon its Q4 2024 completion, the site will be transformed into a six-story, 10-unit property comprising eight residential units and two commercial

Winstanley acquires 30.74 acre industrial parcel

West Coxsackie, NY Winstanley Enterprises LLC has acquired a 30.74-acre parcel featuring 333,386 s/f of class A industrial space located at 1 Van Bergen Ln. Terms of the deal were not disclosed.

Taylor of Continuum Commercial Realty awarded CCIM designation

Albany, NY The Upstate New York CCIM Chapter said that a Ryan Taylor, CCIM of Continuum Commercial Realty has been awarded the CCIM designation. This achievement highlights the hard work and dedication of our members in maintaining the highest standards of

Island Assocs. brokers 1,500 s/f lease extension at Strathmore Commons

Middle Island, NY Island Associates negotiated a long-term lease extension with Capio’s Pizzeria for 1,500 s/f at Strathmore Commons. Capio’s has been a tenant for over 20 years at Strathmore Commons and has agreed to terms for a long-term lease extension

ATCO Properties & Management inks two lease renewals at 555 Fifth Ave.

Manhattan, NY According to ATCO Properties & Management, current office tenants Telsey Advisory Group (TAG) and Maritime Capital LLC have renewed their leases at 555 Fifth Ave., a 257,000 s/f office building located in Midtown.