Category: Brokerage

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.

Manhattan, NY SL Green Realty Corp. has sold 10 East 53rd St. for total consideration of $312.2 million to Meadow Partners. The transaction, which is expected to close in the third quarter of 2026, subject to customary closing conditions, will generate net cash proceeds to the company of approximately $100 million that will be used for corporate debt repayment.

Jericho, NY Cushman & Wakefield arranged a 41,000 s/f office lease renewal on Long Island, marking the largest office recommitment signed in the market thus far in 2026. Grassi, a leading advisory, tax and

Brooklyn, NY TerraCRG negotiated the $8.575 million sale of 76 Ainslie St., a retail building housing Ainslie Brooklyn, a multi-level restaurant and beer garden in Williamsburg.

Brooklyn, NY Industry City (IC), the 35-acre mixed-use innovation campus in Sunset Park, closed 10,000 s/f of new leases with robotics and hard-tech companies Möbius Industries and Alquist Robotics, in

Q: What is a fair rent increase in a commercial lease? My firm is negotiating a lease on an industrial building, and the landlord is asking for a 4% escalation every year. Is there a standard rent increase for industrial leases?  A: There are no standard or published lease escalations. Escalation terms are essentially whatever two parties can agree upon. An alphabet soup of rent escalators was common in the past,

Manhattan, NY Magical adventures and experiences await this summer as NYC’s first multi-fandom retail destination prepares to open in Times Square. Located at 234 West

Somerset, NJ Wingstop, a leading national fast-casual brand, has signed a 1,848 s/f lease at Rutgers Plaza, a 268,000 s/f Stop & Shop-anchored shopping center at the

Brooklyn, NY Marcus & Millichap negotiated the sale of 665 St. Marks Ave., a 21-unit multifamily property in Crown Heights. The property sold for $3.8 million.

Manhattan, NY Avison Young secured a long-term lease for W Magazine at 1 World Trade Center. The company will occupy 12,456 s/f on the 46th floor for its

Manhattan, NY Koeppel Rosen LLC arranged five new office leases totaling 15,474 s/f at 1261 Bdwy., an 11-story building in the city’s Midtown South neighborhood.

Brooklyn, NY SakeBrooklyn Brewing Co., a premium American-style sake brand, has signed a lease for 6,500 s/f at 500 Degraw St., where it will open a full-scale sake brewery