News: Brokerage

TechCity leases 2,150 s/f to Globaltransol, LLC

Globaltransol, LLC, a freight forwarding company, has signed a five-year, 2,150 s/f lease to locate its headquarters office and warehouse space at TechCity, according to Dan Wieneke, president of TechCity Properties. Wieneke said, "We are delighted to welcome Globaltransol to TechCity, and we are working with their staff to provide them with the highest degree of support. We are very impressed with the company's 'can-do' approach to business because it mirrors our own philosophy. We want to help companies like Globaltransol grow and prosper here, and we'll go the extra mile to make that happen." Globaltransol specializes in expeditiously moving its customers' freight shipments from point-to-point anywhere on the planet. The company arranges the best possible ground, air or seaborne method of shipment, and then completes all the necessary paperwork and customs processes to ensure that the goods are delivered on time. The company also maintains a warehouse under contract at JFK International Airport. In this move, the firm has relocated and expanded from its former offices at 470 Aaron Ct. At TechCity, Globaltransol now occupies 1,500 s/f of office space and a 650 s/f freight staging area. Eric Gnakadja, president of Globaltransol, said, "We expanded our operations three times in the past 12 months, so it was time to look for a location that could accommodate our ever-increasing space requirements. TechCity is a place where we can grow quickly and easily." Globaltransol was launched five years ago, based on Gnakadja's prior business experience with other companies. At present, the company has six permanent employees, including Gnakadja and his wife, who serves as VP of the firm. For more information, visit: www.techcityny.com.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking