Category: Brokerage
Ariel Property arranges $16.5 milliion sale of two multifamily buildings
October 15, 2024
Manhattan, NY Ariel Property Advisors (Ariel) has brokered the sale of two 6-story elevator buildings totaling 109,530 s/f at 226 & 259 West 144th St. in Harlem for $16.5 million. The buildings house 110 residential units and one ground floor commercial unit.
Weaver and Tidwell, L.L.P. to consolidate into Vornado Realty Trust ’s PENN 1 office tower
October 15, 2024
Manhattan, NY Vornado Realty Trust has secured a new lease with Weaver and Tidwell, L.L.P. (Weaver) at PENN 1. Weaver, which occupies 8,000 s/f on a portion of the 32nd floor, will now occupy 36,500 s/f across the entire 28th floor. Buchbinder Tunick & Co., a firm that
Perlman of Largo Real Estate secured acquisition financing for $2.9 million
October 15, 2024
Amherst, NY Ned Perlman, of Largo Real Estate Advisors, Inc., has successfully secured acquisition financing for a value-add multi-family project located. The property consists of 15 duplexes, broken into fifteen two-bedroom units and fifteen three-bedroom units.
Ahamed of Helmsley Spear leases 800 s/f
October 15, 2024
Manhattan, NY Helmsley Spear, LLC represented Express Printing Copy in a 800 s/f lease at 260 West 39th St. Helmsley Spear’s Showket Ahamed, associate broker, represented the tenant. The company signed a lease for a term of five years with a five-year option to renew. Okada & Co. represented the
Staying nimble: Adapting and improvising is essential to continued success - by Shallini Mehra
October 15, 2024
At Meridian Capital, we always emphasize the importance of staying nimble in our ongoing success across various fronts, whether financing, leasing, or sales. Dovid Ostrov of Meridian Capital is seeing robust activity with bridge financing for construction deals in the lease-up period. The shorter-term financing allows the
New York City Council approves Long Island City Business Improvement District expansion
October 15, 2024
Long Island City, NY The New York City Council has officially approved the expansion of the Long Island City Business Improvement District (LIC BID), following a 48-1 vote. This landmark decision comes at the end of a three-year process, allowing the expansion of services to commence on January 1, 2025.
Newmark leases 4,089 s/f to Pura Vida Miami at Rubenstein’s 25 Kent
October 15, 2024
Brooklyn, NY Rubenstein Partners’ 25 Kent in Williamsburg, has signed a 10-year, 4,089 s/f lease with Pura Vida Miami, the all-day café and wellness lifestyle brand. With over 20 locations in South Florida, 25 Kent will be Pura Vida’s second New York location following the brand’s opening at NoMad
Manhattan Skyline welcomes Medium Rare to 488 Third Ave
October 15, 2024
Manhattan, NY Manhattan Skyline Management Corp. has signed a lease with steakhouse Medium Rare to open a new location at 488 Third Ave. in the Murray Hill neighborhood. Situated at the base of Manhattan Skyline’s apartment building Murray Hill Manor, Medium Rare will operate out of a 2,000 s/f
Investment Property Realty Group closes eight sales totaling $28.18 million
October 15, 2024
Brooklyn, NY Investment Property Realty Group (IPRG) negotiated eight closings in the last month totaling $28,189,500. • 714 Grand St. sold for $2.15 million. This property is located between Manhattan Ave. and Graham Ave. in Williamsburg. The building offers 4,500 s/f (4,125
Kanata joins Compass as executive director of New York commercial division
October 15, 2024
Manhattan, NY According to Adelaide Polsinelli, vice chairman of Compass, the firm has added Eric Kanata as an executive director in their New York commercial division. Kanata joins the Polsinelli-Graff team, bringing with him experience in investment sales and leasing.
Odyssey Retail Advisors names Chambers Powell and Paisner vice presidents of retail
October 15, 2024
Manhattan, NY Odyssey Retail Advisors has expanded its leadership team with the addition of two new vice presidents of retail, Gabriel Paisner and Logan Chambers Powell. Chambers Powell has over a decade of experience and more than 225 retail deals totaling $670 million in transaction
Heritage Affordable Communities acquires 242-unit Low-Income Housing Tax Credit portfolio
October 15, 2024
Bronx, NY Heritage Affordable Communities (HAC) acquired 242 Low-Income Housing Tax Credit (LIHTC) units spread across three buildings. This acquisition strengthens HAC’s presence in the NYC affordable housing market and demonstrates the company’s commitment to preserving affordability for communities in need.
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