Queens, NY AAGS Holdings has purchased the former Eagle Electric building in Long Island City, with plans to build a tower above the current structure to create a class-A office building with retail and cafés. AAGS Holdings is a joint venture of
New York, NY Kensington Vanguard National Land Services (KV), one of the largest full-service national title insurance and settlement agencies in the U.S., has acquired GRS Title Services, LLC, a national commercial title insurance agency.
Manhattan, NY According to Savitt Partners, three new TAMI tenants have committed to leases at 530 Seventh Ave., the Fashion District’s main hub for office, technology and creative media tenants. The 490,000 s/f Midtown office
New York, NY Project REAP (Real Estate Associate Program), one of the nation’s leading initiative connecting talented multicultural professionals and commercial real estate (CRE) for over 20 years, is returning to NYC and Chicago starting in mid-March 2020 with a
Albany, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold a three-building, 117-unit portfolio. This 100% free-market portfolio sold for a capitalization rate of 7.2%, a gross rent multiplier of 7.6 times, just under $65 per s/f and $74,000 per unit. Amit Doshi, executive senior managing director and Shallini Mehra, managing director, represented
New York, NY For some brokers, a rapidly fluctuating market is a source of anxiety. For Morris Betesh, senior managing director of Meridian Capital Group and his team of eight, it’s a source of excitement. And lately, there’s been plenty of it as
Binghamton, NY The Agency, Greater Binghamton Chamber of Commerce and their partners at FIVE South College Dr. took an active role in helping those in need this holiday season. The organizations have paired with two area charities: The Family Enrichment Network and CHOW
Queens, NY A&E Real Estate Holdings bought the 539-unit Kestenbaum Family Portfolio in Rego Park for $129.5 million. The price equates to $239,425 per unit at a 5% cap rate. The portfolio includes 568,276 s/f and 238,262 buildable s/f.