Metropolitan Realty Assocs. leases 75,000 s/f cold storage/freezer distribution facility
Bayport, NY According to Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), the company executed a 15-year lease agreement with Bakery Process Solutions for the entire single-story cold storage/freezer facility and distribution center located at 33 Rajon Rd.
Bargold Storage Systems serves millennial
market’s self-storage needs
Long Island City, NY Millennials are turning to self-storage solutions in record numbers, especially in the greater New York area, where real estate is scarce, and prices continue to soar. Nearly one-third of all self-storage renters today belong to the millennial demographic
What is a Yellowstone Injunction and when is this relief not available to a commercial tenant? - by Andrew Baranetsky
In New York, when a commercial tenant breaches the terms of its lease, the landlord generally must serve a notice to cure on the commercial tenant to provide the tenant an opportunity to timely cure the default, or face the possibility
Ross of Compass’ Polsinelli Team leases 30,000 s/f to SPORTIME
Westbury, NY Larry Ross, vice president of Compass commercial real estate division led by Adelaide Polsinelli negotiated a lease execution with SPORTIME Pickleball LLC of a soon-to-open pickleball facility at 575 Merrick Ave. Scheduled to open this fall 2024, the complex will feature 13 new courts
Racanelli Construction recognizes February as National Heart Month - team members “Go Red for Women”
Melville, NY Racanelli Construction Company, Inc. showed their support of the American Heart Association’s Heart Month which is held in February each year. To demonstrate its support Racanelli Construction employees wore red on the first Friday of February
Doshi and Mehra of Meridian sell multifamily properties - $9.5 million
Manhattan, NY Meridian’s Amit Doshi and Shallini Mehra negotiated the sale of 61-69 and 71-79 Wadsworth Ave., blockfront properties located between West 176th and West 177th Sts. in Washington Heights. The properties traded for the first time in over 40 years.
Cronheim secures $6 million permanent financing for 74-unit mid-rise apartment building
Hackensack, NJ Cronheim Mortgage has arranged $6 million of long-term financing for the Grand Imperial Apartments, a 74-unit mid-rise apartment building. Andrew Stewart, Dev Morris, and Allison Villamagna placed the loan with Farm Bureau Life Insurance Company
Gelberg and IMC Architecture near completion
of The James - 11,300 s/f
Brooklyn, NY The project team of investor/developer Einav Gelberg, architect IMC Architecture and other partners celebrated the completion of the structural frame traditionally known as the topping out milestone – for The James, an eight-unit luxury condominium building at 258 Saint James Pl.
Douglaston Development tops out 474,000 s/f, 456-unit multifamily development
Brooklyn, NY Douglaston Development has topped out of 1057 Atlantic Ave., a 474,000 s/f, 17-story, 456-unit mixed-income multifamily rental development in the Bedford-Stuyvesant neighborhood. The development serves as one of the last new housing developments eligible
Slate Property Group with LibreMax Capital provides $60.25m loan to Ming’s Garden Realty’s development
Queens, NY Slate Property Group, in partnership with LibreMax Capital, has provided Ming’s Garden Realty LLC with a $60.25 million bridge loan for 26-01 4th St. in Astoria. Ming’s Garden Realty, the project’s developer, will utilize the funds for the final stages
BREV, PCD Development, and Hines top out The Daymark at five stories
Sleepy Hollow, NY Developers Biddle Real Estate Ventures (BREV) and PCD Development, along with development manager Hines, has topped out The Daymark at five stories, representing a construction milestone for the new collection of condominium residences