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AROUND TOWN: upcoming events you need to know about
09
CREW Leading Ladies June 19: CREW-NY will host its annual Leading Ladies of Real Estate Series featuring three women at the forefront of the commercial
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Sneak peak at 540West
08
The development team behind a new residential condominium development in Hell’s Kitchen held a sneak peek event on Tuesday, October 23. A joint venture
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Assa settles illegal hotel allegations, terminates dodgy tenantsʼ leases
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Assa Properties and its founder, Salim “Solly” Assa, have reached a settlement with the City of New York in a dispute of tenants’ alleged Airbnb activity
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Specialist retailer signs big – and tall – lease in Chelsea
07
Destination XL Group, Inc., the largest retailer of big and tall men’s apparel and accessories, will open its first Manhattan store in Chelsea.
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Secaucus center loan
08
HFF arranged $5.1 million in acquisition financing for the Mill Creek Annex, a 25,108 s/f retail center in Secaucus, New Jersey. HFF worked on behalf of
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Newark apartment complex sells for $50M
08
The $50 million sale of 452 multi-family units at Forest Hill Terrace Apartments, a critical-mass garden-apartment community in Newark, N.
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Online grocers driving fresh demand for cold storage
08
DAVID GHERIANI The growth of online grocery sales has the U.S. market for cold-storage warehouses poised for strong growth, potentially creating demand
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Manhattan apartment prices break $2M barrier
08
The average cost of a Manhattan apartment has risen above $2 million for the first time. According to CityRealty’s annual Year-End Manhattan Market Report
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DHL leases 24,000 s/f at Rechler property
09
Long Island’s largest owner of commercial real estate, Rechler Equity Partners, recently signed global logistics leader DHL to a 24,000 s/f lease at 325
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First BoConcept outlet set to open
08
BoConcept, the high-end Danish modern furniture company, it will open its first ever outlet at the Queens Crossing indoor mall in Flushing, Queens.
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Declaration Management acquires Setai office condo for $10 million
08
By Daniel Geiger Declaration Management, a subsidiary of the life insurance company John Hancock, has acquired four office floors in the Setai Wall Street
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City threatens to suspend 421-a benefits for 3,103 rental buildings
08
The city’s Department of Finance has sent letters notifying owners of 3,103 rental buildings, with 37,141 apartments, that their 421-a tax benefits