New York
Strong Demand Pushes Sale of Stamford Industrial Duo
RM Friedland arranged today the sale of two industrial/flex buildings in Stamford, CT on behalf of Robert Martin Company. Deal terms weren’t disclosed. The… Read more
Douglaston Affiliate Markets Chelsea Space for Gallery or Office Use
Clinton Management, Douglaston Development’s property management affiliate, is marketing 11,136 square feet spanning two floors at 535 W. 24th St. in… Read more
Avison Young Brings in Dorothy Alpert as Tri-State President
Dorothy L. Alpert is joining Avison Young as its new Tri-State president and principal, with Arthur Mirante transitioning to the role of… Read more
Gazit Horizons Closes $134M Financing on Upper East Side Home Depot
Gazit-Globe subsidiary Gazit Horizons has entered into a $134.4-million Credit Term Lease (CTL) bond financing for 410 E. 61st St. on Manhattan’s Upper East Side. The 120,000-square-foot property was leased last… Read more
Construction Loan Funds The Hawthorne Condos
An $89 million loan recently funded the construction of The Hawthorne, a 17-story 67-unit condominium building located at 5656 San… Read more
Eastern Union Picks Up Lending Pace in July
Brooklyn-based real estate finance firm Eastern Union accelerated the pace of its deal flow in July by generating 321 new loan submissions from… Read more
Metropolitan Realty Deploys New Fund Aimed at Long Island Industrial
Metropolitan Realty Associates LLC (MRA) has raised $50 million of equity for a strategic investment fund focused on Long Island industrial… Read more
Manhattan Office Sector Rebounds, Yet Headwinds Remain
Office market leasing in Manhattan is showing clear signs of breaking out of the pandemic shutdown, according to reports from Colliers… Read more
$46M Share Placement Positions essensys for Expansion
essensys, the global provider of software and technology to the flexible workspace industry with U.S. headquarters in Midtown Manhattan, has raised $46 million… Read more
KPG Enters Ground Lease to Develop Boutique Offices in Greenwich Village
KPG Funds entered into a 99-year ground lease at 132 W. 14th St. in Greenwich Village. KPG plans to develop a contemporary class A office… Read more
Lee NYC’s Kapnick Brings Michelin-Starred Eatery to Harlem
Lee & Associates NYC’s Mark Kapnick recently completed three retail leases, including a Michelin-Starred restaurant, in three different neighborhoods – Harlem, Murray… Read more
Woodworks in LIC Draws Seven New Tenants
Cushman & Wakefield has arranged seven leases at The Woodworks LIC at 9-03 44th Rd. In Long Island City representing more than 30% of the building’s… Read more
Trading Apps? There’s an Office Space for That
We’ve heard a great deal about the mushrooming popularity of e-commerce and Zoom calls as the pandemic forced people to… Read more
Fitch: Low-Wage Sectors Have the Steepest Uphill Climb
U.S. employment recovery from the pandemic is far from complete and largely unequal, with a new Fitch Ratings report illustrating how the… Read more
Public-Private Partnership Will Build $4B Terminal at JFK Airport
The Port Authority of New York and New Jersey’s board of commissioners has approved a public-private partnership with JFK Millennium… Read more
Welcome Homes Finds Home at Rudin’s 41 Madison Ave.
Handler Real Estate Organization arranged a 4,761-square-foot office lease on behalf of digital home building firm Welcome Homes at Rudin Management’s 41 Madison Ave. The… Read more
Ariel Closes Sales in West Harlem, Upper East Side
Ariel Property Advisors has arranged two multifamily sales, a portfolio of affordable housing buildings in West Harlem and a multifamily midrise at 235 E. 96th St. on the Upper… Read more
Ripco Promotes Company Veteran Esther Bukai to Vice Chair
Ripco Real Estate has promoted Esther Bukai to vice chair. Bukai, who has been with Ripco since 1998, has been instrumental in the firm’s… Read more
Development Site Fetches $5M in East Brunswick
AMS Acquisitions, a New York City-based real estate investment firm, announced the recent purchase of 377 Summerhill Rd. in East Brunswick,… Read more