Category: Brokerage
Patis to open two eateries in ground-floor retail at AmTrust RE’s 203 Jay St.
June 27, 2023
Brooklyn, NY AmTrust RE completed a 5,110 s/f lease transaction at 203 Jay St., a 72,000 s/f mixed-use property. The tenant, Patis Bakery, will unveil two dining concepts in the fall of 2023: a full-service sit-down restaurant and a cafe/upscale bakery.
The Davis Companies named JV equity investment partner for 55 Willoughby St. development
June 27, 2023
Brooklyn, NY The Davis Companies (Davis) has become a JV equity investment partner in a mixed-use luxury development located at 55 Willoughby St. The borrower, a joint venture of Lonicera Partners and Rabina, is represented by JLL who has also secured a floating rate loan
The Feil Organization names Korzec as associate director of commercial leasing
June 27, 2023
Manhattan, NY The Feil Organization said that Henry Korzec will join the firm as associate director of commercial leasing. He will amplify leasing efforts for the firm’s New York City office portfolio, which includes 17 properties and spans over five million
Kintzer of Royal Properties sells 2,200 s/f Starbucks property; Mor NY Realty represents buyer
June 27, 2023
Elmsford, NY Royal Properties, Inc. brokered the sale of a net leased Starbucks property located at 280 East Main St. (Rte. 119). The property sold at a 3.6% cap rate, which according to CoStar, is a record low for Westchester County NNN sales
Rosenberg & Estis promotes five attorneys
June 27, 2023
Manhattan, NY Rosenberg & Estis, P.C. (R&E) has promoted five attorneys. Alex Estis and Devin Kosar were promoted to members, while Casey Delaney, Moshe Nachum and Zachary Rockoff were promoted to of counsel.
Newmark signs 8,000 s/f retail lease for Schutz
June 27, 2023
Manhattan, NY Newmark has arranged a new 8,000 s/f flagship retail outpost on behalf of ownership Broadway Continental Group at their 540 Bdwy. property in SoHo. The tenant, footwear retailer Schutz signed a long-term lease for 4,500 s/f on the ground floor and 3,500 s/f on the lower
Olive Tree Holdings earns 2023 Great Place to Work certification
June 27, 2023
Manhattan, NY Olive Tree Holdings, a mission driven private investment company with a focus on real estate, is proud to receive recognition as a Great Place To Work honoree. The prestigious award is based entirely on what current employees say about their experience working
OPEN Impact negotiates Webster Apartments purchase
June 27, 2023
Brooklyn, NY OPEN Impact Real Estate LLC (OPEN) represented The Webster Apartments in its purchase of 229 Duffield St. The Webster Apartments will continue its 100-year-old legacy by transforming the hotel into safe, co-living housing for women working, interning
Getting ready for the heat: Before your HVAC acts up - by Chris Plummer
June 27, 2023
There is a famous saying within the HVAC industry: Components don’t die, something kills them. Component failure can lead to costly repairs, and when it happens, service technicians turn into de-facto detectives looking for the killer. Most of the time though, failures come from one thing: lack
KeyBank secures $17.7 million of financing for 131-unit Broadway Terrace
June 27, 2023
Manhattan, NY KeyBank Real Estate Capital (KBREC) arranged a $17.7 million Fannie Mae first mortgage loan secured for Broadway Terrace, 131-unit garden style apartments located in New York City. Built in 1927, Broadway Terrace consists of eight, four-story residential buildings, located in
Balancing act: NYC hotels balancing migrant housing and tourism - by Anudeep Gosal
June 27, 2023
New York City’s hotel industry contends with a unique quandary in its post-pandemic resurgence. Over 140 city hotels are doubling as migrant accommodations, especially in the certain neighborhoods in the boroughs. This is limiting inventory availability and inadvertently
New York remains a top market for life sciences research talent according to CBRE analysis
June 27, 2023
Manhattan, NY The Greater New York market ranked fourth in the nation for life sciences research talent, according to a recent analysis conducted by CBRE. Nationally, the growth of U.S. life sciences researchers remains resilient in the face of economic concerns, with the number
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