Pietrafesa of SVN and Pugliese of TAP complete $12.5m sale of 67,000 s/f retail ctr.

Sperry Van Ness (SVN) has completed the sale of a 67,000 s/f single-tenant retail center fully occupied by Price Chopper SuperCenter, for $12.5 million to a private 1031 exchange buyer from California. The property is located at 2525 Erie Blvd. East. Joseph Pietrafesa II of Sperry Van Ness and Anthony Pugliese of TAP Capital represented the seller, Cor Erie Blvd. LLC. The buyer represented itself. The property was constructed exclusively for Golub Corp.'s Price Chopper SuperCenter in 2000 and is situated at the intersection of Midler Ave. and Erie Blvd. It is shadow-anchored by Lowe's Home Improvement. The property features an upscale look and sit down food court.

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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

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

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Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

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

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

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