April 19 - May 2, 2016

Digital Edition

Front Section

New York, NY Newmark Grubb Knight Frank (NGKF) has secured a 7-year, 7,558 s/f lease for Schireson Associates at Five Bryant Park. NGKF’s Scott Gutnick, associate, and Aaron Maltz, associate director, represented the tenant in the transaction. Landlord Equity Office, an affiliate of Blackstone Group, was represented by NGKF’s Brian Waterman, vice chairman, Brent Ozarowski, executive managing director, Josh Gosin,…Read More

New York, NY  The New York office of Hines, the international real estate firm, and Welltower Inc., a leader in health care infrastructure, has closed on the acquisition of a development site at 139 E. 56th St.on the northeast corner of Lexington Ave. and 56th St.  in Midtown Manhattan. Existing commercial structures on the site will be demolished to make way for…Read More

Bronx, NY Meridian Capital Group, one of the country’s most active debt brokers, arranged a $36 million underlying cooperative loan and a $5 million line of credit on behalf of Whitehall Tenants Corp. The subject property, The Whitehall, is a cooperative property located in the Riverdale neighborhood. The 15-year loan, provided by a New York-based commercial…Read More

Bronx, NY Ariel Property Advisors has closed the sale of 2703 East Tremont Ave., a Wendy’s triple net leased investment property with future development potential in the Westchester Sq. neighborhood. The property sold for $6.675 million, which translates to a 4.94% capitalization rate. Exclusive agents Scot Hirschfield, Jason Gold, Michael Tortorici, Victor Sozio and Marko Agbaba represented the owner, a private investor, and procured…Read More

Brooklyn, NY Jonathan Hakimian, an investment sales associate at Highcap Group, has arranged the sale of 277 Humboldt St. in the Williamsburg neighborhood for $2.2 million. Hakimian represented the buyer and seller in the off-market transaction. The four-story walk-up was originally built in 1920 and is located between Maujer and Grand Sts. The building consists…Read More

New York, NY Adams & Co. recently brokered three lease transactions totaling 10,643 s/f. The Daten Group signed a new 2,752 s/f lease at 10 East 40th St., located between 5th and Madison Aves. The term of lease is for seven years on the 33rd floor of the building. Jeff Buslik and Seth Godnick of Adams  represented the tenant, while Joseph…Read More

Riverhead, NY Michelle Marie Zere, executive vice president of Zere Real Estate Services sold a fully tenanted, 9,800 s/f industrial building. This investment property is on 5.18 acres located at 82 Columbus Ave.  The national tenant occupying the industrial property is Frito Lay Rolling Sales, Inc. Zere exclusively represented the buyer and the seller, Tameshasyl…Read More

The regulatory history of banking in the U.S. is marked by our government’s response to economic events. Dodd-Frank was the reaction to the 2008 financial crisis and when signed into law, President Obama said it would “lift our economy.” Dodd-Frank has implemented many “reforms” by creating new and strengthening existing regulatory agencies and giving them…Read More

Albany, NY Governor Andrew Cuomo recently launched the $100 million Downtown Revitalization Initiative – a comprehensive approach to transform communities into vibrant neighborhoods where the next generation of New Yorkers will want to live and work. The program, first presented in the governor’s 2016 state of the state address, will invest $10 million into ten…Read More

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