Category: Brokerage
H2M offers virtual reality services
March 14, 2023
H2M architects + engineers (H2M) now offers virtual reality (VR) services to their clients. These services include VR modeling of designed spaces that enable clients to “walk” through their buildings long before construction begins. VR technology is a useful visualization tool for anyone unfamiliar
Wells Fargo provides $288 million for affordable housing project in Manhattan
February 28, 2023
Manhattan, NY Wells Fargo’s Community Lending and Investment has provided $288 million in financing to Joy Construction Corporation and Maddd Equities for the new construction of North Cove, a 100% affordable, mixed-use development located in the Inwood neighborhood.
MBI Inc. and LBB Specialties to relocate to Clarion Partners’ Merritt 7
February 28, 2023
Norwalk, CT According to Clarion Partners LLC and Marcus Partners, two new tenants will be relocating to Merritt 7. Consumer products marketing company MBI Inc. will be taking 32,648 s/f in the recently upgraded Building 501, while
TerraCRG and Rosewood Realty broker $34.926 million sale of 46 units
February 28, 2023
Brooklyn, NY TerraCRG and Rosewood Realty, have brokered the $34.926 million sale of 50 North 1st St., a 46-unit multifamily building in Williamsburg, to Reda Capital. Daniel Lebor and Matt Cosentino of TerraCRG along with Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty
IRG’s Hudson Valley iCampus leases and renews 337,589 s/f
February 28, 2023
Pearl River, NY Hudson Valley iCampus, owned by Industrial Realty Group, LLC, (IRG), closed lease and renewal deals totaling 337,589 s/f on campus, with a value of more than $40 million. The transactions took place between August 2021 and December 2022.
Gerla and Rizzo of CBRE lease 12,832 s/f at 14 Wall St.
February 28, 2023
Manhattan, NY Oliver Scholars, a New York City-based non-profit organization that prepares high-achieving, underserved Black and Latino students in New York City for success at top independent schools and colleges, has inked a 12,832 s/f office lease at the
Eustace joins Hudson Realty Capital
February 28, 2023
Manhattan, NY Brandon Eustace has joined Hudson Realty Capital as managing director of FHA originations. Eustace brings more than a decade of experience in FHA/HUD real estate finance. His addition comes as the firm’s FHA division continues to expand its
GFP Real Estate leases 4,949 s/f to Momenti at 200 Varick St.
February 28, 2023
Manhattan, NY According to GFP Real Estate, Momenti, Inc. signed a new five-year lease for 4,949 s/f at 200 Varick St. in Hudson Sq. Robert Silver, Brittany Silver, Anthony Sciacca and Jamie Jacobs of Newmark
NYC commercial real estate market sees encouraging start to 2023 as inflation drops and lending rate...
February 28, 2023
In last month’s column, I examined the challenges that New York City commercial real estate is facing in 2023 due to high inflation and the impact of recent rate hikes. However, this month I am pleased to share that after a challenging second half of 2022, the year is off
United Properties sells 5,500 s/f retail for $2.65 million
February 28, 2023
Copiague, NY United Properties Corp. has completed the sale of 1389-1395 Montauk Hwy. to IDN, LLC, a Queens-based entity, for $2.65 million. The 5,500 s/f retail strip, located on the signalized intersection of Montauk Hwy. and Strong Ave.
Vahdat of Elmo Realty creates Race Unity Award; Garaicoa of Lehman College awarded plaque/check
February 28, 2023
Bronx, NY To support racial harmony and the unity of mankind, Moujan Vahdat, a New York based real estate developer and founder of Elmo Realty Co., has implemented an annual competition known as the Race Unity Award. After a citywide competition, junior
DH Property Holdings leases parcel to IAA
February 28, 2023
Staten Island, NY DH Property Holdings, LLC has leased nearly 30% of its 53-acre industrial site to IAA, Inc. an outdoor storage operator and leader in the salvage vehicle industry.
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