Meridian Retail Sees Leasing Momentum

Meridian Retail Leasing, the retail leasing division of Meridian Capital Group, has arranged more than 40,000 square feet of leases in New York, through 10 transactions since early May. Most recently, the team arranged a 19,615-square-foot lease for the Ardor School at 29 Nassau Ave. in Brooklyn’s Greenpoint neighborhood, an 11,500-square-foot full-building lease for Particle

Continue Reading

Reinsurer Moves U.S. HQ to Warren Corporate Center

Everest Reinsurance Company signed an approximately 315,000-square-foot, long-term lease to relocate its U.S. corporate headquarters to Warren Corporate Center in Warren, NJ. The company will occupy 100 and 200 Warren Corporate Center Dr., soon to be renamed Everest Way, within the next 18 months. The deal occurs shortly after the completion of Warren Hill (pictured),

Continue Reading

East Harlem MXU Closes on $223M in Financing

L+M Development Partners, Jonathan Rose Companies and Acacia Network closed on $223 million in financing for phase one of Sendero Verde, a 100% affordable mixed-use development in East Harlem. It’s expected to be the country’s largest development to meet Passive House energy efficiency standards. Financing came through construction loans from the New York City Housing

Continue Reading

32BJ President Héctor Figueroa Dies at 57

Labor leader Héctor Figueroa, president of the country’s largest property services union, died suddenly of a heart attack on July 11. The head of Local 32BJ of the Service Employees International Union was 57. Figueroa was elected president of 32BJ, which has some 163,000 members nationwide, in 2012. New York Gov. Andrew Cuomo credited Figueroa

Continue Reading

Consulate General of Japan Extends Long-Term Stay at 299 Park

Fisher Brothers has signed a lease extension with the Consulate General of Japan in New York at its 42-story 299 Park Ave. tower in the Plaza District. The extension, which encompasses 58,244 square feet across the entire 18th and 19th floors, will keep the organization at 299 Park until 2036. “As hands-on owners, we set out to provide premier

Continue Reading

Moët Hennessy Pops the Cork on 7 WTC Lease

Moët Hennessy USA signed a 15-year, 82,000-square-foot lease on the 35th and 36th floors of Silverstein Properties’ 7 World Trade Center.  The wine and spirits importer will relocate its corporate headquarters from Chelsea in 2021. “7 World Trade Center is one of the most advanced buildings in the world, and also our home,” said Larry A. Silverstein,

Continue Reading

Carlton Group Makes Move to 360 Madison

Real estate investment banking firm The Carlton Group Ltd. signed a new long-term, 6,000- square-foot office lease at 360 Madison Ave. The move corresponds with the firm’s growth and continued upward trajectory. “We have expanded and diversified our team and service lines in recent years, and wanted to upgrade our space to maximize communication, productivity, and collaboration,”

Continue Reading

Ad Agency Madwell Drives into East Williamsburg Space

Creative marketing and advertising agency Madwell has signed a new 22,000-square-foot lease at 65-87 Porter Ave. in Brooklyn’s East Williamsburg neighborhood. The 33,000-square-foot property, owned by Bushburg Properties, is located in a rapidly growing submarket of Brooklyn. ABS Partners Real Estate’s Ben Waller represented both the ownership and the tenant in the transaction. ABS leased

Continue Reading

ABS, R.D. Geronimo Will Partner on Advisory Services

ABS Partners Real Estate LLC has formed a joint venture with appraisal services firm R.D. Geronimo LTD. The new JV, ABS R.D. Geronimo Valuation Services LLC, will offer a variety of real estate advisory services ranging from valuation and consulting to development modeling. “Valuation, advisory and appraisals offer a natural extension of the ABS Partners

Continue Reading

Greenwich Village Multifamily Sells After 70-Year Hold

Avison Young’s tri-state investment sales group has finalized the sale of 29 Fifth Ave., a seven-story, 14,884-square-foot multifamily property in Greenwich Village. The 100% leased property includes 12 rental apartments, one super unit and two ground-floor professional units, and sold for $16.5 million. “This type of investment opportunity in Greenwich is rarely available, so it’s

Continue Reading