Biniszkiewicz of Pyramid brokers $1.2 million sale

Bob Biniszkiewicz from Pyramid Brokerage Co., a Cushman & Wakefield Alliance member, brokered the sale of the Packard Building located on 1325 Main St. Regan Development who acquired the three-story, 70,000 s/f building for $1.2 million plans to redevelop the property into 40 apartments that will be marketed to subsidized tenants. This deal is Regan's first in the area. Regan plans to invest $9.5 million into the project. The first floor will be used for commercial space. The development plan features one studio apartment, 11 one-bedroom units, 24 two-bedroom units and four three-bedroom units. The project team includes: Resetarits Construction Corp. as the general contractor and Hamilton Houston & Lownie Architects LLC as the project architect.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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Columns and Thought Leadership

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The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account