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[27 Feb 2015 | No Comment | ]

Recently, the Continuum Company celebrated the launch of 45 East 22nd Street with a special preview of its sales gallery. Joining Ian Bruce Eichner were the building’s London-based interior designer Martin Brudnizki, Kohn Pedersen Fox architects Robert Whitlock and Hugh Trumbull. Corcoran Sunshine Marketing Group are exclusively handling the sales and marketing for the building. Guests sipped on specialty cocktails from Raines Law Room, sampled hors d’oeuvres from Danny Meyer’s Union Square Hospitality and listened to a three-piece orchestra. www.45east22.com

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REBNY Watch »

[27 Feb 2015 | No Comment | ]

By Steve Spinola
New York City is always improving upon itself. Whether that means developing new neighborhoods, attracting new talent, constructing more efficient buildings, or renovating existing structures, New York is and has always been leading the way when it comes to embracing the future.
Governor Cuomo recently highlighted a project that is crucial to the region’s future, the importance of redesigning La Guardia and John F. Kennedy International Airports, an investment which he said would help sustain our vital transportation and foster strategic growth in New York.
We cannot underestimate the importance of air travel. Our airports are …

Deals & Dealmakers »

[27 Feb 2015 | No Comment | ]

TAP Electrical Contracting Service, who has won an award for Hurricane Sandy Relief Project work at the Fulton Street transit substation, has secured a field office at 116 Nassau Street in Manhattan.
The firm signed a 6,134 s/f lease for an office within the 140,000 s/f property owned by Abacus Federal Savings Bank. The asking rent in the building was $36-per-square-foot.
Elliot Zelinger and Jesse Topal of Savitt Partners represented TAP Electrical Contracting Service in the transaction while David Danick, Greg Gang, and Catherine O’Toole of CBC Alliance represented the owner.
“TAP Electrical …

Deals & Dealmakers »

[27 Feb 2015 | No Comment | ]

NEW YORK
Adams & Co. Real Estate brokered five deals for a total of 5,296 square feet at 34 West 33rd Street. David Levy, principal, and Brett Maslin of Adams & Co. represented the landlord, Arcade Building Associates, as well as the tenants in the following transactions at 34 West 33rd Street.
• A 1,645 square-foot renewal for Yoka Showroom, LLC. Although details of the transaction were not disclosed, asking rent was $48 per square foot. Yoka Showroom plans to use the space for general and executive offices and showroom space for …

Deals & Dealmakers »

[27 Feb 2015 | No Comment | ]

Colliers International has arranged a long-term, 19,225 s/f lease for Federal Farm Credit Banks Funding Corporation at 101 Hudson Street in Jersey City.
The federally chartered organization, which provides financing for the U.S. agricultural community through the Farm Credit System, will relocate from their current location at 10 Exchange Place to occupy part of the 35th floor at the Class A, 1.2 million square foot office building in the fourth quarter of 2015.
“This model ‘corporate citizen’ was highly sought-after by landlords in the marketplace,”said Robert Goodman, Executive Managing Director at Colliers …

Deals & Dealmakers »

[27 Feb 2015 | No Comment | ]

Affordable gym chain Retro Fitness – known for its low-cost, high-value fitness concept – has leased 16,000 s/f at Twin City Shopping Center in Jersey City
The announcement was made by retail real estate services firm Levin Management, exclusive managing and leasing agent for the 98,000-square-foot shopping center.
Levin’s Senior Leasing Representative Jake Frantzman negotiated the long-term lease, which fills just more than half of a 30,000-square-foot, former big-box space at the property. Hugh Scullin of Katz & Associates represented the tenant.
Retro Fitness was attracted to Twin City Shopping Center’s excellent visibility …

Deals & Dealmakers »

[27 Feb 2015 | No Comment | ]

By Lori Zuck, Managing Director, Transwestern
As redevelopment continues to spread throughout the outer boroughs of New York City, some industrial end-users are being priced out of New York, and increasingly turning to New Jersey, where incentives are in place, prices are attractive and occupancy costs are lower.
At the same time, location and infrastructure remain the primary reasons that New Jersey has continued to be a well sought after industrial region for corporate users and investors.
The state benefits from its tremendous consumer base in the greater New York region, its highway …

Deals & Dealmakers »

[27 Feb 2015 | No Comment | ]

CBRE Group Inc., New Jersey announced that it has arranged long-term lease renewals for tenants EBS Dealing Resources, Inc., an ICAP Group company, and Ipsos America LLC. at Morris Corporate Center 1&2, the six-pod office campus at 1 Upper Pond Road and 300 Interpace Parkway in Parsippany, N.J.
ICAP will be renewing its 21,000 s/f lease for an 11-year term, while Ipsos will be renewing its 28,000 s/f lease for a five-year term.
The CBRE team of Leo Paytas and Greg Barkan, senior vice presidents; Garrett Rioux, senior associate; and Erin Wenzler, …

Deals & Dealmakers »

[27 Feb 2015 | No Comment | ]

Newmark Grubb Knight Frank (NGKF) announced that elevator solutions company, TEI Group, will be relocating its corporate HQ in a 22,725 s/f lease at The Factory, a one-million-square-foot creative office loft building located at 30-30 47th Ave. in Long Island City.
Owners Atlas Capital Group and Square Mile Capital Management are well into a major renovation and repositioning program that will convert the former Macy’s furniture warehouse into Class-A, creative loft office and retail space.
It will have large, flexible floorplates, 13 ft. exposed ceilings, finished concrete floors, and new mullioned casement …

Deals & Dealmakers »

[27 Feb 2015 | No Comment | ]

Greystone has closed the first Fannie Mae M-PIRE (Multifamily Property improvements to Reduce Energy) loan for a Bronx rental building.
The $865,000 loan was originated by Robert Meehan of Greystone and Jeff Rueb of North Coast Funding for 2705 Colden Avenue in Baychester.
The Fannie Mae M-PIRE mortgage product is available to affordable and market rate cooperative and conventional rental housing owners in the five boroughs of New York City.
The loan offers an efficient and cost-effective way to both make improvements and comply with NYC energy requirements (Local Law 43 Clean Heating …

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