Category: Brokerage
NIN HAO opens 1,890 s/f restaurant at 595 Dean St.
October 29, 2024
Brooklyn, NY TF Cornerstone (TFC) negotiated a new lease signing with NIN HAO at the ground floor of 595 Dean St. in Prospect Heights. James Ariola and Michael Azarian of Cushman & Wakefield represented NIN HAO for their new 1,890 s/f lease. TFC worked with NIN HAO to secure the lease.
Center for NYC Neighborhoods launches Down Payment Assistance Navigator to increase access to afford...
October 29, 2024
New York, NY The Center for NYC Neighborhoods (CNYCN) launched Down Payment Assistance Navigator. The new, free online tool, funded by Bank of America with grants totaling $625,000, will help make down payment assistance easier to obtain and affordable homeownership more accessible
Weiss joins Gantry as director of New York office
October 29, 2024
Manhattan, NY Gantry welcomes Andy Weiss as the newest addition to its production team, where he assumes the role of director. Weiss will be responsible for loan origination with Gantry’s more than 100 correspondent and affiliated lenders, working nationally from the firm’s New York
AIS expands at Feil’s 257 Park Ave. South
October 29, 2024
Manhattan, NY The Feil Organization said that office furniture company AIS has expanded its presence at 257 Park Ave. South with a new 10-year, 12,617 s/f lease. The furniture purveyor will outfit the entire fourth floor of the office tower as its new showroom.
Whole Foods Market opens at StuyTown
October 29, 2024
Brooklyn, NY Beam Living has partnered with Whole Foods Market to bring its new quick-shop format grocery store, Daily Shop, to 14th St. between 1st Ave. and Ave. A, enriching the community with another grocery option.
Elections and hybrid rates: Oh my! - by Jerry Maffia
October 29, 2024
The Federal Reserve’s recent interest rate cut was a welcome reprieve, but a lower rate is not the same as a low rate. Even with the 50-basis-point decrease, the Federal Funds Rate is still higher than at any point from October 2007 to March 2023. Add to elevated interest rates the unwinding of hybrid work,
The impact of NYC’s housing crisis on commercial real estate and tenant mobility - by Nancy Zafran...
October 29, 2024
New York City has long been one of the most expensive places to buy and own a home. Yet, there remains a housing crisis in the region. As the housing crisis grows in NYC, its ripple impacts the commercial real estate market and tenant mobility, hampering people’s efforts to achieve their goals of financial
John Hardy leases at Rockefeller Center
October 29, 2024
Manhattan, NY Tishman Speyer said that John Hardy, creator of handcrafted jewelry, has signed a lease at Rockefeller Center, slated to open this fall. John Hardy’s new concept store at 620 Fifth Ave. at the Channel Gardens will be the brand’s second NYC location, offering four site-specific
Longacre Asset Management closes $180 million acquisition
October 29, 2024
New York, NY Longacre Asset Management, a joint venture between Peter Hungerford’s PH Realty Capital and David Kaye and Joe Listhaus’s Rockledge closed on an $180 million acquisition. The portfolio was acquired in two tranches. The first tranche closed in July and comprised
Sephora leases 6,200 s/f at Manhattan West
October 29, 2024
Manhattan, NY According to Brookfield Properties, Sephora signed a 6,200 s/f retail lease at Manhattan West. Sephora is the latest addition to the Manhattan West neighborhood which spans eight acres of retail, dining, hospitality, entertainment, residences, public space, and office space. Sephora
M&T Realty Capital provides $18.75 million
for 85-unit affordable multifamily, The Louella
October 29, 2024
Bronx, NY M&T Realty Capital Corp. (M&T RCC) closed an $18.75 million Freddie Mac Forward Commitment 9% LIHTC loan for The Louella, an 85-unit age-restricted multifamily housing property located in the Fordham Heights neighborhood. The team was able to secure favorable permanent financing terms
Stenson of Brax Realty sells mixed-use building for $1.925 million
October 29, 2024
Manhattan, NY Alan Stenson, senior director of Brax Realty negotiated the sale of 175 East 116th St. located in East Harlem for $1.925 million. The property is located between Lexington Ave. and Third Ave. and consists of 3,825 s/f. The property has one retail unit which is occupied by
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