November 15 - December 5, 2016

Digital Edition

Front Section

Manhattan, NY Savills Studley, a leading commercial real estate firm specializing in tenant representation, has arranged a 22,000 s/f lease for meal kit delivery company HelloFresh at 40 West 25th Street in the Flatiron District. HelloFresh will occupy two full floors in the 12-story, 135,000 s/f building located between Broadway and Sixth Ave. As part of the…Read More

Brooklyn, NY EPIC Commercial Realty has completed the sale of 589 Washington Ave., a mixed-use building in Prospect Heights. Located on Washington Ave., between Pacific St. and Dean St., the property is a two-story mixed-use building comprised of ground floor retail space and a free market apartment on top. Built to 2,190 s/f, the property is ideally…Read More

Bronx, NY Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners represented The Hampshire Companies in the sale of Pelham Bay Professional Center. The team was also responsible for procuring the buyer, a private investor based out of Canada. The sales price was not disclosed. Pelham Bay Professional Center is a 76,529 s/f mixed…Read More

New York, NY According to Compass, a technology-driven real estate platform, Mary Lowe, one of its top Brooklyn agents, has been appointed sales manager of the company’s Williamsburg and new Cobble Hill locations. Lowe will co-manage Brooklyn agents alongside Patrick Brennan who will oversee the firm’s Park Slope office. “Our growing presence in Brooklyn demands more…Read More

Queens, NY Eastern Consolidated has arranged the sale of two contiguous retail properties occupied by the GAP and FedEx/Kinkos at 31-46 & 48 Steinway St. in the Astoria/Long Island City area of the borough. The properties traded for $13.55 million. Eastern Consolidated vice chairman and principal Brian Ezratty exclusively represented seller, 31-46 & 48 LLC,…Read More

Brooklyn, NY New York City officials joined with MacQuesten Development, LLC to celebrate the groundbreaking for Van Sinderen Plaza, a new project that will transform two vacant lots into a mixed-use complex. The 155,000 s/f complex will include 130 affordable rental apartments and 20,000 s/f of retail and community space. Located at 679 Van Sinderen…Read More

Manhattan, NY Blumenfeld Development Group was joined by architect Bjarke Ingels, elected officials, and community leaders, to officially break ground on Gotham 126th Residential in East Harlem. The eleven-story residential building designed by BIG-Bjarke Ingels Group will be located on 126th St. between Lexington and Third Ave. and will bring 233 new residential rental units…Read More

Manhattan, NY Highcap Group completed two sales totaling $8.35 million. Michael Becker, director of finance, and Michael Ferrara, senior director, of Highcap Group has arranged a $6.9 million refinancing for 312-314 Bleecker St., a retail condominium on the corner of Bleecker and Grove Sts. in the West Village. The CMBS loan from Cantor Commercial real…Read More

New York is a leading wealth haven for real estate investment by global capital. In an ever-expanding trend, investors from around the world are acquiring New York real estate in pursuit of both capital preservation and return on investment.   Increasing numbers of global investors are content with only modest returns on their capital invested in real estate–as opposed to higher…Read More

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Upcoming Events

  1. Queens Chamber Building Awards & Gala

    December 7 @ 6:00 pm - 9:00 pm
  2. BMAR’s 32nd Annual Holiday Party and Toy Drive

    December 7 @ 6:00 pm - 10:30 pm
  3. LandlordsNY Property Management Symposium

    December 14 @ 8:00 am - 2:00 pm