Category: Brokerage
Bestreich, Sproviero, Lobel, and Waring of Investment Property Realty Group close 22-units for $9.6 ...
November 22, 2022
Brooklyn, NY Investment Property Realty Group (IPRG) negotiated the closing of 1627, 1629, 1631 Pacific St. for $9.6 million. 1627 Pacific St. is built 21 ft. x 60 ft., 1629 Pacific St. is built 25 ft. x 60 ft., and 1631 Pacific St. is built 21 ft. x 60 ft.
Fisher Bros. leases 11,439 s/f at 299 Park Ave.
November 22, 2022
Manhattan, NY According to Fisher Brothers, Freeman Spogli & Co. has signed a 10-year lease renewal at 299 Park Ave. in Midtown. Freeman Spogli & Co., a private equity firm and current tenant of 299, will expand its current lease to occupy 11,439 s/f on the 20th floor starting
Cosentino of TerraCRG sells 5,000 s/f multifamily - $1.28 million
November 22, 2022
Brooklyn, NY TerraCRG has closed on the $1.28 million sale of a 5,000 s/f multifamily property at 232 Stanhope St. in Bushwick.TerraCRG partner Matt Cosentino exclusively represented the seller on this deal.
DePasquale of Katz & Assocs. brokers two leases
November 22, 2022
Queens, NY Katz & Associates’ Daniel DePasquale represented landlords in two leases: • 42-19 Bell Blvd in Bayside. On behalf of the landlord Paulipark Associates, LLC leased 6,000 s/f to Teso Life. This is the Japanese
RIPCO and Compass broker Topdrawer lease for 1,097 s/f at 155 Spring St.
November 22, 2022
Manhattan, NY Topdrawer, a Japanese/American company inked a deal for a 1,097 s/f store at KPG’s 155 Spring St. RIPCO Real Estate’s Richard Skulnik represented KPG in the deal. Compass’s Rebecca Olshan represented the tenant.
Schertz of Schuckman Realty sells 215 West 109th St. for $7 million
November 22, 2022
Manhattan, NY Schuckman Realty brokered the sale of a multi-family building at 215 West 109th St., in the Manhattan Valley neighborhood. The building, which is located at the corner of Broadway and Amsterdam Ave. sold for $7 million.
Guarino and Flaccomio of ERG Commercial arrange $2.1 million refinancing
November 22, 2022
Central Islip, NY ERG Commercial Real Estate, through an affiliate, arranged the funding of a $2.1 million refinance loan secured by two commercial strip shopping centers on Long Island. The single-story buildings at 861 & 889 Lowell Ave.
Commercial leasehold condominium basics - part 2 - by Thomas Kearns
November 22, 2022
A 2018 column of mine for this publication outlined the basics of commercial leasehold condominiums but that article was limited to the use of an entire building by a not-for-profit (NFP) which leasehold interest was then submitted by the NFP to a condominium regime. This month I describe a more complex structure – how to get the benefits
Adaptive reuse for affordable housing in our current market - by William Gati
November 22, 2022
The real estate industry throughout the country faces difficulty in many areas: higher mortgage rates, high inflation, and down trending stock market. The economy seems to be getting worse for professionals in our industry. With mortgage rates hitting 7% this week, we all have to earn and spend more to make developments
Simone Development renews 22,700 s/f of leases at Hutchinson Metro Center
November 22, 2022
Bronx, NY According to Simone Development Companies, Shein Orthopaedics and law firm Peña & Kahn have both signed expansion and renewal leases at the firm’s Tower One at the Hutchinson Metro Center at 1250 Waters Place. Ownership was represented by Josh Gopan, Simone’s vice
Retail rebounds in SoHo and Nolita - by Joseph Aquino
November 22, 2022
If you walk through SoHo and Nolita these days, and observe the foot-traffic and the storefronts, you might ask, “What COVID?” The daily traffic has doubled compared to pre-COVID-19 levels and a whole new lineup of tenants has arrived in the past year. This reinforces my long-held theory, “If the property
Standard Communities launches three new business lines
November 22, 2022
Washington, D.C. Standard Communities has established three new, diversified business lines to build on its success of providing sustainable housing. The three dedicated business lines—acquisition/redevelopment, new construction and essential housing—will leverage and align the strengths
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