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Ruben Cos. welcomes trio of tenants to 600 Madison
07
Newmark announced three office lease transactions at 600 Madison Avenue in Manhattan. Newmark’s President of the New York Tri-State Region, David Falk
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ON THE SCENE: This week’s middle market sales & exclusives
07
SALES 310 Paterson Plank Road Sitex Group has acquired a vacant warehouse located at 310 Paterson Plank Rd. in Carlstadt, NJ, from a private investor.
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SELLING POINTS: This week’s middle market sales and exclusives
07
●ALPHA REALTY Rich pickings in Hellʼs Kitchen Local private investor Rich International has closed on its $47.5 million purchase of 885 10th Avenue.
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Hotel industry rethinking valuation methods as short-term rentals keep up the pressure
07
The short-term rental industry will expand to roughly 650,000 actively rented units in the US this year, equal to 12.2 percent of the country’s hotel-room
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NY investor acquires $16M workforce housing portfolio
07
Forum Capital Partners and Cantor Real Estate have sold their Hartford Workforce Housing portfolio to a private New York investor for $16.
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Stockbridge partners with Korean pension fund on $2B logistics deal
07
San Francisco-based investment manager Stockbridge has formed a joint venture with the National Pension Service of Korea (NPS) to acquire  
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LEASES; Dentist fills Lexington space
07
NEW YORK Broad Street Development signed a lease with Prosthodontic Associates of New York at 370 Lexington Avenue in Midtown Manhattan.
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Report: US lending conditions remain favorable
07
High investor confidence, attractive equity markets and positive economic indicators have contributed to favorable commercial real estate lending market
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ON THE SCENE: Middle market sales & exclusives
07
AGENTS Cushman & Wakefield has been retained to sell 311 Church Street, an 8,740 s/f mixed-use building in TriBeCa. Robert Burton, Maurice Suede, Bobby
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BLT signs 24,000 s/f office lease with global insurer
07
 Building and Land Technology (BLT) today announced that Ascot Group, the global specialty insurer, is opening a new office at 200 Elm Street in Stamford, CT.
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Renaissance buys another LI multifamily property
07
The Bainbridge Companies has sold the 656-unit Devonshire Hills multifamily community in Hauppauge. The CBRE team of Jeffrey Dunne, Jeremy Neuer, Gene
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HOK renews 34,000 s/f office lease at 5 Bryant Park
07
Savanna announced that HOK, a global design, architecture, engineering and planning firm, has renewed its 34,039 s/f lease at 5 Bryant Park, a 682,988