Brooklyn, NY Joe Hach, partner at Refined, arranged a senior participation loan of $8.4 million.
While a clear majority of New Yorkers have reached their boiling point over the “no end in sight” migrant crisis, property owners are merely wondering when real estate taxes might at least mirror their declining collections and property values. With history and simple economics as a guide, it is unlikely the city
Brooklyn, NY According to Kent Swig, president,
Helmsley Spear, LLC, has represented Flatbush Adult Daycare, in a new location for the service provider. The new space is located at 885 Flatbush Ave. and covers 8,000 s/f on the second floor.
Bronx, NY According to
Simone Development Companies, Chipotle Mexican Grill has signed a long-term, 2,957 s/f lease at the firm’s Metro Center Atrium, located at 1776 Eastchester Rd. within the Hutchinson Metro Center complex.
Manhattan, NY Fried Frank represented Vornado Realty Trust in connection with the authorizations and other entitlements needed to develop a 266,000 s/f, film, television and media production studio and public open space overlooking the Hudson River on Pier 94. Fried Frank further represented Vornado
Manhattan, NY The Durst Organization and The Port Authority of New York and New Jersey said that seven tenants have signed leases totaling nearly 50,000 s/f at One World Trade Center. The transactions consisted of three new leases and four renewals.
Real estate investors often purchase ownership interests in existing entities that own commercial real estate rather than acquiring the property by deed. Reasons for this include more favorable transfer or income tax consequences. Sometimes, if the price is large enough, the purchaser would like to have title insurance coverage
Farmingdale, NY The Real Estate Institute (REI) at Stony Brook University (SBU) College of Business will hold a joint panel event on October 20
th. The fall luncheon, titled “Reimagining the Modern Office Space,” promises an exploration of the evolving landscape of work environments.
Manhattan, NY According to TF Cornerstone (TFC), a new lease has been signed with Chip City Cookies at the ground floor of their 278 7
th Ave. property, Chelsea Centro. The brand known for its rotating cookie offering will be opening its doors at this location in Q1 of 2024, marking
Manhattan, NY The Olayan Group said that Little Birch, a new food and drink kiosk serving seasonal lunchtime fare in 550 Madison’s public garden has opened. Little Birch will be overseen by chef Solanki Roy of Great Performances, who is executive chef for The Arch amenity space
