Syosset, NY The Blumenfeld Development Group (BDG) has renewed NY Sports Club’s lease at their 9901 Queens Blvd. location for another 10 years, beginning in 2024.
Manhattan, NY Rockabill, a leading consultant and development partner for the affordable and supportive housing industry, announced that it has secured $22 million in financing on behalf of its client St. Francis Friends of the Poor, a nonprofit that pioneered the permanent supportive
New projects and buildings have wide-ranging effects on surrounding communities, ecosystems, and businesses. They impact the physical and mental well-being of individuals, the equitable distribution of economic resources, and future business opportunities. When a developer doesn’t seek out meaningful community input, they risk alienating neighborhoods and locals, while also missing a great opportunity to enrich the design impact
Jersey City, NJ Slate Property Group announced that its lending arm, SCALE, has provided Namdar Group with a $160 million bridge loan for 618 Pavonia Ave. in the Journal Square neighborhood. The bridge loan will be used to retire $120 million in construction financing and fund the lease-up and stabilization of the 27-story, 432-unit residential building
Roseland, NJ AMA Group, a nationwide industry leader committed to providing technologically sophisticated and solution-oriented engineering design and implementation, partnered with SJP Properties, a long-time client, on a brand new 120,000 s/f office space at 105 Eisenhower Pkwy
Manhattan, NY Alan Stenson of New York City based investment sales brokerage firm Brax Realty has completed the sale of 228 East 25th St. in Kips Bay for $4.4 million
Manhattan, NY Goulston & Storrs, an Am Law 200 firm, announced that it is relocating its New York office to 730 Third Ave. on August 1, 2023. The move will increase the firm’s office footprint to 30,000 s/f (up from 25,000) to accommodate Goulston & Storrs’ growing headcount and continued expansion plans. The firm signed a ten-year lease, with renewal options
Michael Ferrara and Alan Stenson of New York City based investment sales brokerage firm Brax Realty has completed the sale of 305 East 21st St. in Gramercy for $8 million. The 50’ wide, +/- 21,356 s/f apartment building was located between 2nd Ave. and 1st Ave. and had a total of 37 units. Ferrara and Stenson represented both the seller, a long term owner and also procured the purchaser, a private investor. This was the
Newburgh, NY Rhine Legacy Capital, a leading commercial real estate private lender, has successfully secured a bridge loan of $6.8875 million for the acquisition of a prominent industrial asset. The property, located at 392 North Montgomery St. has potential
The Real Estate Board of New York (REBNY) released a new analysis of Placer.ai location data for Manhattan office buildings. The report compares 2023 building visitations mid-week (Tuesday-Thursday) to Monday and Friday to prepandemic baselines
