Friday, May 16, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

New York

99-Park-Avenue-Manhattan
DevelopmentNew YorkNortheastOffice

Global Holdings to Undertake $30M Renovation of Midtown Manhattan Office Building

by Taylor Williams

NEW YORK CITY — Global Holdings will undertake a $30 million renovation of 99 Park Avenue, a 26-story, 600,000-square-foot office building in Midtown Manhattan. Designed by VOCON, the capital improvement program will feature a reimagined lobby and updated amenity spaces, including a conference center, speakeasy, barbershop and salon and an entertainment lounge with a bowling alley and golf simulator. Completion is slated for early 2026. Global Holdings has also recently secured several lease renewals and expansions at 99 Park Avenue, including a deal with Metropolitan Commercial Bank for a 52,677 square-foot extension covering floors 12-13 and a 26,802-square-foot new lease for the entire 11th floor. In addition, Philadelphia-based real estate investment firm Lubert-Adler signed an eight-year lease expansion covering 7,674 square feet for a portion of the 19th floor. Paul Glickman, Diana Biasotti, Kristen Morgan and Harrison Potter of JLL represented Global Holdings in the lease negotiations.

Continue Reading
FacebookTwitterLinkedinEmail
303-W.-42nd-St.-300-W.-43rd-St.
AcquisitionsNew YorkNortheastOfficeRetail

Cushman & Wakefield Arranges $48M Sale of Two Office, Retail Buildings in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Cushman & Wakefield has arranged the $48 million sale of two office and retail buildings totaling 144,251 square feet — 128,032 square feet of office space and 16,219 square feet of retail space — in Midtown Manhattan. The buildings are located at 303 W. 42nd St. and 300 W. 43rd St. in the Times Square area and were recently renovated. Retail users include Chick-fil-A, Smashburger, 7-Eleven, Little Italy Pizza and Dunkin’. Andrew Berry and Charlie Gravina of Cushman & Wakefield represented the sellers, a pair of limited liability companies, in the transaction. The buyer was a partnership between Blake Partners, JAM Real Estate Partners and The Straus Group.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Federative Republic of Brazil Renews, Expands Office Space in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — The Federative Republic of Brazil has renewed and expanded its office space at 220 E. 42nd Street, a 37-story building in Midtown Manhattan, by 65,331 square feet. The consulate general has renewed and extended its existing 30,030-square-foot lease. In addition, the Brazilian Mission to the United States will occupy 23,066 square feet, and the Brazilian Financial Office will occupy 12,235 square feet. Harry Blair, Tara Stacom, Barry Zeller and Pierce Hance of Cushman and Wakefield represented the landlord, SL Green, in the lease negotiations. Peter Trivelas and Justin Royce, also with Cushman & Wakefield, represented the tenant.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyNew YorkNortheastSeniors Housing

B2K Development Completes 65-Unit Active Adult Community in Commack, New York

by Taylor Williams

COMMACK, N.Y. — New York-based B2K Development has completed Sutton Landing, a 65-unit active adult community in the Long Island hamlet of Commack. Sutton Landing is a resort-style property in the community’s downtown area that is reserved for renters age 55 and over. The property exclusively offers two-bedroom units and amenities such as a pool, fitness center and a game room. The first move-ins are now underway, and rents start at $4,500 per month.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastRetail

Sportime Pickleball to Open 30,000 SF Facility in Yorktown, New York

by Taylor Williams

YORKTOWN, N.Y. — Sportime Pickleball will open a 30,000-square-foot facility in Yorktown, about 50 miles north of New York City. Set to open next fall, the facility will be located within Yorktown Green Shopping Center and will comprise 12 dedicated indoor courts, two party rooms, a lounge and a fully stocked pro shop. Curtis Nassau of RIPCO Real Estate represented the landlord, Oster Properties, in the lease negotiations. Brian Ripka, also with RIPCO, along with internal agent Daren Hornig, represented the tenant.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastRetail

HAPIK to Open 15,000 SF Indoor Climbing Gym in Brooklyn

by Taylor Williams

NEW YORK CITY — Fitness operator HAPIK has signed a lease to open a 15,000-square-foot indoor climbing gym in the Sunset Park area of Brooklyn. The gym will be located within Building 6 at the 35-acre Industry City mixed-use development and will feature 50 climbing walls, two rope courses and private event spaces. Chase Welles of TSCG represented the landlord, a partnership between Belvedere Capital, Jamestown and Angelo Gordon & Co., in the lease negotiations. The tenant representative was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLoansNew JerseyNew YorkNortheastSelf-Storage

JLL Arranges $115M Loan for Refinancing of New York, New Jersey Self-Storage Portfolio

by Taylor Williams

NEW YORK CITY — JLL has arranged a $115 million loan for the refinancing of a portfolio of nine self-storage properties that are located in various areas of New York and New Jersey. The portfolio spans 723,664 net rentable square feet across 9,578 units. Properties are located in The Bronx, Floral Park, Garden City, Huntington Station and Yorktown Heights areas of New York and in the New Jersey communities of Haledon, Elizabeth, Linden and Perth Amboy. Steven Klein and Robert Tonnessen of JLL arranged the loan through Nuveen Real Estate on behalf of the borrower, Atlanta-based owner-operator Storage Post. Specific loan terms were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Forty-Six-Fifty-Manhattan
DevelopmentMultifamilyNew YorkNortheast

Arden Group Completes 22-Story Mixed-Use Building in Manhattan

by Taylor Williams

NEW YORK CITY — Philadelphia-based development and investment firm Arden Group has completed Forty-Six Fifty, a 22-story mixed-use building located at 4650 Broadway in Manhattan’s Inwood neighborhood. Designed by Handel Architects, the building offers 222 apartments in studio, one- and two-bedroom formats, with 30 percent of the apartments subject to income restrictions. Amenities include a fitness center, resident lounge, screening room and a children’s play area. In addition, 4650 Broadway houses 120,000 square feet of commercial space that is leased to a charter school and a supermarket. Apartment rents start at $2,800 per month for a studio.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNew YorkNortheastOffice

AmTrust RE Acquires Midtown Manhattan Office Building for $65.5M

by Taylor Williams

NEW YORK CITY — Locally based investment firm AmTrust RE has acquired a 260,000-square-foot office building located at 360 Lexington Ave. in Midtown Manhattan for $65.5 million. Constructed in 1959, the 24-story building has received significant renovations in the past few years, including a new lobby and upgraded elevators and common areas. AmTrust plans to implement further capital improvements by adding several new amenities, including conference rooms and lounges. Adam Spies, Adam Doneger, Joshua King and Marcella Fasulo of Newmark represented both AmTrust RE and the undisclosed seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastRestaurantRetail

Market@77 Opens 40,000 SF Food Hall at Brooklyn Navy Yard

by Taylor Williams

NEW YORK CITY — Market @77 has opened a 40,000-square-foot food hall at the Brooklyn Navy Yard. Situated on the ground floor of Building 77, the venue is home to concepts such Russ & Daughters, Hungry House, Jalapa Jar, Pizza Yard, Sabor, Rustik Tavern, Transmitter Brewing and She Wolf Bakery. Nonprofit organization Brooklyn Navy Yard Development Corp. owns and manages the larger development.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts