Category: Brokerage
Retech Systems expands with lease at
Uniland’s 175 Milens Road
October 17, 2023
Tonawanda, NY According to Empire State Development (ESD), Retech Systems LLC, which makes high-tech titanium melting furnaces for contractors in the aerospace, defense, and medical industries, will be expanding. The company, which has been in operation for more than a half century, has outgrown its headquarters on Northland Ave.
Wharton Properties buys 12,860 s/f 14 Bedford St. multifamily - $13.5 million
October 17, 2023
Manhattan, NY Wharton Properties has purchased a six-story walk-up multifamily at 14 Bedford St., between 6th Ave. and Downing St. for $13.5 million.
CBRE arranges $10 million acquisition of
20,865 s/f 143-02 Jamaica Avenue
October 17, 2023
Queens, NY CBRE arranged two transactions on behalf of MediSys Health Network, a New York not-for-profit corporation and the supporting organization to Jamaica Hospital Medical Center (JHMC) and Flushing Hospital
Ariel Property Advisors negotiates $29.5 million sale of Gowanus development site
October 17, 2023
Brooklyn, NY Ariel Property Advisors has arranged the sale of a 421a vested, mixed-use development site offering 101,852 buildable s/f at 125 3rd St. in the Gowanus neighborhood for $29.5 million ($290 per buildable s/f). With this transaction
TRITEC begins pre-leasing of 388 apartments at The Core in Station Yards
October 17, 2023
Ronkonkoma, NY TRITEC has started pre-leasing 388 residential apartment units at The Core, the next phase of Station Yards, TRITEC’s $1.2 billion development at the Ronkonkoma Train Station.
NAR Sept. 2023 commercial real estate market insights
October 17, 2023
Washington, DC While the massive interest rate hikes have hammered the commercial real estate market, the recent Federal Reserve decision to hold rates unchanged will give the market a break. After 11 collective rate hikes in the last 18 months, commercial real estate credit has gotten even tighter
Hudson Gateway Realtor Foundation presents $3,500 donation check to Lifting Up Westchester
October 17, 2023
White Plains, NY The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, recently presented a check for $3,500 to Lifting Up Westchester (LUW).
KCLB, CPC and partners to sell two affordable homes using state rehab construction financing progr...
October 17, 2023
Kingston, NY The Kingston City Land Bank (KCLB), the Community Preservation Corp. (CPC), and partners are the first organizations in the state anticipated to close on affordable home sales under the New York State Legacy Cities ACCESS Program. This is also the KCLB’s first development partnership
CRE sector performance in August 2023
October 17, 2023
Washington, DC The unprecedented surge in delivered units has amplified the available space within the multifamily sector. Over the last 12 months leading up to August, there has been a notable 32% upswing in units delivered to the market compared to the previous year. Consequently,
Fryer of G.S. Wilcox & Co. secures $16.3 million in loans
October 17, 2023
East Farmingdale, NY G.S. Wilcox & Co. said that principal David Fryer financed a total of $16.3 million in loans. Fryer secured $10.6 million to refinance a 34,877 s/f
Conroy of NAR to instruct “The Next Evolution of Artificial Intelligence” virtual event on Nov. ...
October 17, 2023
Albany, NY Date: Tuesday, November 28, 2023 via Zoom
Time: 10:00 am – 11:00 am
Instructed by: David Conroy, director of emerging technologies of the National Association of Realtors.
Severino of BentallGreenOak and Morrison of Lemor Development named to Fordham R.E. Institute Execut...
October 17, 2023
Manhattan, NY Ryan Severino, chief economist and head of U.S. research at BentallGreenOak (BGO), and Kenneth Morrison, managing member of Lemor Development Group, have been named to The Fordham Real Estate Institute (REI) Executive Advisory Council (EAC).
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