Category: Brokerage
The state of commercial real estate debt markets - by Michael Zysman
March 25, 2025
Today’s banking environment for commercial real estate can be defined as a period of low liquidity and lingering distress. Much of this distress is due to banks having made aggressive loans in the COVID era, coupled with the functional obsolescence of many
Ariel Property Advisors arranges $27 million in loans
March 25, 2025
Brooklyn, NY The Capital Services Group for Ariel Property Advisors (Ariel) arranged nine separate financing transactions totaling more than $27 million for properties in Brooklyn, Upstate New York, Connecticut, Pennsylvania, Texas and New Mexico. These
City of Yes for Housing Opportunity: Improving the ability to transfer a landmark's development righ...
March 25, 2025
New York City real estate owners and developers have long asked us about transferring unused development rights from an individual landmark to a site across the street, through a 74-79 Special Permit issued by the City Planning Commission (CPC). While these transfers have
McHugh Furnishings acquires Professional Furnishings & Equipment
March 25, 2025
Uniondale, NY McHugh Furnishings, a provider of specialty furnishings for education, healthcare, entertainment, and multifamily housing has acquired Professional Furnishings & Equipment (PFE), a Buffalo-based company with additional offices in Syracuse and
What is estoppel? - by Thomas Kearns
March 25, 2025
While real estate professionals should be familiar with the term “estoppel,” the legal doctrine of estoppel has a surprisingly wide reach. Estoppel is a legal principle that prevents someone from denying a fact that they previously agreed to. In real estate,
Strader of Silverstein Properties leases 11,465 s/f to GACC NY at 120 Wall St.
March 25, 2025
Manhattan, NY Silverstein Properties signed a relocation agreement with the German American Chamber of Commerce in New York (GACC NY) at 120 Wall St. Established over 75 years ago to promote commerce between Germany and the United States,
Capitol Fire Sprinkler begins new installation and system upgrades at 40,000 s/f 92nd St. Y
March 25, 2025
Manhattan, NY Capitol Fire Sprinkler has been retained for a second project at the 92nd St. Y. The fire protection firm is providing system upgrades at the cultural and education center, located at 1395 Lexington Ave.
The dark reality behind New York City's photoluminescent glow-in-the-dark safety laws - by Robert Ka...
March 25, 2025
In July 2006, five years after the tragic events of September 11, 2001, New York City introduced Local Law 26, a measure symbolizing a collective resolve to prioritize safety in the face of disaster. The law mandated the installation of building code-compliant photoluminescent
Simone Development signs 24,500 s/f in leases at 1 Zeiss Dr.
March 25, 2025
Thornwood, NY Simone Development Companies has signed 24,500 s/f of new leases at 1 Zeiss Dr. Immortal Fitness leased 14,994 s/f and the Random Farms Kids’ Theater leased 9,506 s/f. Both are relocations.
The Moinian Group inks 5,000 s/f lease with Cobalt Service Partners in Flatiron
March 25, 2025
Manhattan, NY The Moinian Group has signed a 5,000 s/f, five-year lease with Cobalt Service Partners, a commercial access solutions platform at 53 West 21st St. in the Flatiron district. Cobalt Service Partners will use its new space
Joly of Igloo NYC leases 3,984 s/f to Gowanus Marketplace and Hey Clay at 420 Carroll
March 25, 2025
Brooklyn, NY Two new retail leases have been signed at 420 Carroll, the first mixed-income building developed through the 2021 Gowanus Neighborhood Rezoning. The two businesses, Gowanus Marketplace and Hey Clay, slated to open in 420 Carroll’s ground floor
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