Front Section

Rudin secures two leases totaling 18,150 s/f at 41 Madison Ave.

Manhattan, NY Rudin secured a new lease with Clarick Gueron Reisbaum, LLP and is expanding Polar Asset Management Partners, Inc.’s footprint at 41 Madison Ave., its renovated office tower in the heart of Midtown South’s Flatiron District.

Columbia Property Trust secures full-floor lease for Harvey at 315 Park Ave. South

Manhattan, NY Columbia Property Trust, Inc. secured a new office lease and two retail leases at 315 Park Ave. South, its 20-story, boutique office building located in Midtown South’s Flatiron District.

Aaron of Horvath & Tremblay sells East Harlem development site for $5.5 million

Manhattan, NY Robert Aaron of Horvath & Tremblay has completed the sale of 2148-2150 3rd Ave. and 183 East 117th St. Horvath & Tremblay exclusively represented the seller and procured the buyer. The cash-flowing redevelopment site

Industry City signs 41,500 s/f deal with Adafruit Industries

Brooklyn, NY Industry City, the 35-acre mixed-use complex comprising sixteen waterfront buildings in Sunset Park, signed a new lease with Adafruit Industries, a 100% woman-owned tech manufacturing company designing learning electronics, tools and equipment. The company

P.J. Clarke’s to open in 7,500 s/f at Brookfield Props.’ Manhattan West

Manhattan, NY P.J. Clarke’s Oyster Bar & Grille, which opened its first location in 1884, signed a 7,500 s/f restaurant lease at Manhattan West. The restaurant’s newest location will highlight local seafood, similar to their Oyster Bar on the Hudson at Brookfield

Hines expands regional headquarters

Manhattan, NY Hines is nearly doubling its New York City office space with a 12-year lease at 555 Greenwich+345 Hudson. Described by Fast Company as “New York’s most energy-efficient new office building,” 555 Greenwich has garnered industry acclaim

Matheos Realty Group closes two 3-family properties for $3 million

Brooklyn, NY Matheos Realty Group has closed the sale of two 3-family properties in Bushwick, and Ridgewood for $3 million. The property, located at 321 Stanhope St. was sold for $1.65 million, which equates to $550,000 per unit, and $500 per s/f, the property

LLC interest forfeiture is disfavored - by Thomas Kearns

Under New York law an LLC member’s interest may not be forfeited for a zero or near zero price if the member fails to make a required capital call. New York courts have repeatedly upheld this concept. Cases denying forfeiture include Atlantis v. Nabe ($1 buyout is a

REBNY announces new government affairs and communications department leads

Manhattan, NY According to The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, two new leaders will lead its government affairs and communications departments. Aravella Simotas joins as senior vice president

New Release: 'Back Of The Napkin' by Philip A. Okun Offers Insights for Real Estate Success

Inspired by the Laffer curve drawn in 1974 to demonstrate the logic for tax cuts, this book takes the same approach to commercial real estate. Drawing on Okun’s 40+ years’ experience in all aspects