Category: Brokerage
Hodges Ward Elliott arranges $61 million sale of Rocket Lofts; Parker, Gillen, Tambor, Van Buitenen ...
July 16, 2019
Brooklyn, NY The New York office for Hodges Ward Elliott (HWE) has arranged the $61 million sale of Rocket Lofts at 100 South 4th St., a 100% free-market rental building located on the south side of Williamsburg, between Berry St. and Bedford Ave.
CPC holds ribbon-cutting for $15 million adaptive reuse
July 16, 2019
Utica, NY The Community Preservation Corp. (CPC) joined state comptroller Thomas DiNapoli, senior advisor to governor Cuomo for Upstate Economic Development John Maggiore, mayor Robert Palmieri, the development partners of Doyle Hardware Building LLC, Empire State Development Corp. (EDC), and other stakeholders
State of land use in New York City - Four key findings - by Ron Cohen
July 16, 2019
Land use is arguably one of the most critical issues for the effective planning and development of our fair city. There are various rezoning initiatives that have recently passed to foster growth in neighborhoods such as Inwood, East Harlem, Jerome Avenue (Bronx), and East New York.
Belmont Park Redevelopment to benefit Long Island Rail Road; First full-time LIRR station in 50 year...
July 16, 2019
Belmont, NY Governor Andrew Cuomo said the $1.26 billion Belmont Park Redevelopment Project will benefit from a full-time Long Island Rail Road train station, the first full-time LIRR station in nearly 50 years, helping mitigate traffic...
Too much, too far, too fast - by Ed Kalikow
July 16, 2019
The decision to modify New York City’s rent laws had good intentions. They say that’s what the road to hell is paved with. There’s no denying the system needed an overhaul. Bad landlords had figured out ways to abuse the system and take advantage of tenants, engaging...
Savills completes 252,452 s/f HQ renewal/expansion at One SoHo Square; To Flatiron Health; Newmark K...
July 16, 2019
New York, NY Savills has completed a 10-year, 252,452 s/f lease renewal and expansion for Flatiron Health at Stellar Management and Imperium Capital’s One SoHo Sq., a newly-renovated class A office complex on the border of SoHo and Hudson Sq.
Hunt sells 17,000 s/f; Schacker Realty reps buyer, SBG Distribution
July 16, 2019
Mineola, NY Hunt Corporate Services, Inc. said that SBG Distribution has purchased the 17,000 s/f industrial building at 257 East Second St. David Hunt represented the seller, Great Neck Saw Manufacturers, Inc., while the buyer was represented by Joicey Varughese
Private investment remakes Mount Vernon
July 16, 2019
Mount Vernon, NY The city of Mount Vernon, in Westchester County is getting smarter. The community, which is just 22 minutes away from mid-town Manhattan via the Metro North Railroad, inked a contract with Hollywall Development Company
Arbor funds $4 million Freddie Mac SBL deal
July 16, 2019
Brooklyn, NY Arbor Realty Trust, Inc. funded a Freddie Mac SBL deal. 2402 Gerritsen Ave., a mixed-use property, received $4 million in refinance funding through the program. The loan includes a 10-year hybrid term on a 30-year amortization schedule.
11th Annual NYC Real Estate Expo set for October 24
July 16, 2019
New York, NY A residential panel discussion featuring several of the region’s industry experts will be a highlight of the 11th Annual New York City Real Estate Expo, set for October 24, at the New York Hilton Midtown Hotel.
Avison Young arranges Norris McLaughlin lease at 7 Times Square Tower; Levin, Kahn, Turchin and Merc...
July 16, 2019
New York City, NYMitti Liebersohn, president and managing director for Avison Young, said the firm has arranged a new 10-year, 27,488 s/f lease for Norris McLaughlin across the entire 21st floor at 7 Times Sq. Tower, the 47-story, 1.2 million s/f Class A office building located in the heart of Midtown Manhattan.
Beer and Solomonov of Greiner-Maltz sell two buildings to Alpha Equity
July 16, 2019
Brooklyn, NY According to Greiner-Maltz, William Segal of Alpha Equity Group has purchased 4401 2nd Ave. and 222 44th St. in the Sunset Park section of the borough from Mesorah Publications. The buildings will be developed primarily for industrial use, with a component of commercial office.
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