Top Stories
Norris and Cosentino of TerraCRG sell
7,200 s/f 390 Court St. for $6.1 million
Brooklyn, NY TerraCRG represented the sale of 390 Court St., a 7,200 s/f corner building located across from Carroll Park, for $6.1 million, or $847 per s/f. The mixed-use property features ground-floor retail occupied by Chase Bank, a long-term tenant paying strong in-place rent and covering a portion of the tax bill. The upper floors were previously occupied by ballet school Cobble Hill Ballet.
RXR and Chuo Nittochi America Corporation Team hold groundbreaking for 101-unit The Arden
Glen Cove, NY RXR in partnership with Chuo Nittochi America Corporation Team, held a groundbreaking ceremony for its newest residential development within Garvies Point — The Arden. Marking RXR’s next phase of the community’s multi-phased transformation of the town’s waterfront on Long Island, The Arden is an upscale and boutique luxury rental building designed to deliver a members club–style living
Schechter and Seider of Cushman & Wakefield|Pyramid Brokerage sell 211,650 s/f ind’l./mfg. for $9.75 million
Tonawanda, NY DKP Buffalo sold 55 Milens Rd. for $9.75 million. The 211,650 s/f industrial manufacturing building is on 21.44 acres. Richard Schechter, associate real estate broker and David Seider, real estate salesperson for Cushman & Wakefield|Pyramid Brokerage Company Buffalo, exclusively represented the seller.
Sunset Pier 94 Studios debuts 232,000 s/f sound stage facility with joint venture partners
Manhattan, NY Sunset Pier 94 Studios, the city’s first purpose-built film and television studio facility, officially opened with a ribbon-cutting ceremony attended by joint venture partners Vornado Realty Trust Hudson Pacific Properties (HPP) and Blackstone Real Estate, along with the New York City Economic Development Corp. (NYCEDC), elected officials, industry leaders and community partners.
Check out the New York Real Estate Journal's 2026 Women in Construction Spotlight!
The New York Real Estate Journal is proud to present our annual Women in Construction Spotlight, celebrating the women and women-owned firms shaping the A/E/C community across New York.
Houlihan Lawrence sells medical office portfolio for $4.35 million
Mount Kisco, NY Houlihan Lawrence Commercial negotiated the sale of a pediatric dentistry and orthodontics medical office building portfolio for $4.35 million. The portfolio consists of two buildings; one located at 111 East Main St. and the other at 22 North Division St. in Peekskill, The two buildings total 12,600 s/f with total property of 42,215 s/f.
Marx Realty begins 58,000 s/f expansion at Cross County Center
Yonkers, NY Marx Realty (MNPP), a New York-based owner, developer and manager of office, retail and multifamily properties across the United States, has begun construction on a two-building, 58,000 s/f retail expansion at Cross County Center.
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Forte Construction Corp. receives first-ever Vito A. Guido award from ASCE
Manhattan, NY Forte Construction Corp. has been honored with the first-ever Vito A. Guido Award at the 100th anniversary celebration of The Cooper Union Student Chapter of The American Society of Civil Engineers (ASCE). >The celebration brought together nearly 200 attendees, including construction industry professionals, alumni, faculty, and students, to honor a century of innovation, service, and community in civil engineering.
Arrow Real Estate Advisors arranges $9.6 million acquisition loan
Queens, NY Arrow Real Estate Advisors has arranged $9.6 million in acquisition financing on behalf of Century Development Group for the purchase of two adjacent development parcels located at at 144-32 and 144-36 Northern Blvd.in Flushing. The loan was provided by Israel Discount Bank, and the transaction was led by Morris Betesh, founder and managing partner, Omar Ferreira, senior vice president, and Jacob Petrovic, associate, at Arrow R.E.Advisors.
Savills acquires Eastdil Secured
Manhattan, NY Savills plc has signed a definitive agreement to acquire all the equity of Eastdil Secured, The Global Real Estate Investment Bank, for an enterprise value of $1,112.5 million. The acquisition is scheduled to be completed in due course following satisfaction of customary regulatory and closing conditions. Eastdil Secured’s market-leading real estate investment banking business is highly complementary to Savills broader
The New York State Commercial Association of Realtor’s Board of Governors held their first meeting of the year on February 10, 2026 at the Crowne Plaza-Desmond Hotel in Albany, NY. Past president John Lavelle (Hudson Valley) installed the officers and governors. 2026 officers are as follows: president, Mercedes Brien, RAC, First VP, Carolyn Vinci, WNY, Second VP, Andrew Mangini, Greater Capital
Challenges exist despite advantages: Quality-of-life, strategic access to the New York metro economy, and demand for industrial, multifamily, healthcare, and retail assets. The Hudson Valley commercial real estate market stands at
Governor Kathy Hochul’s proposed revisions to New York’s State Environmental Quality Review Act (SEQRA) represent a targeted effort to expedite housing production and respond to the State’s housing shortage.
In NYC, where more than 8,000 sidewalk sheds stretch across hundreds of miles of streets, and every project must navigate a maze of agencies, permits, and public scrutiny, real estate owners face a common dilemma: how to manage construction efficiently
Charitable giving has long been a valuable planning tool for real estate investors, particularly those managing fluctuating income, significant capital gains, or liquidity events tied to property sales.
Last month, a 26-story office tower in Manhattan’s Financial District closed for $105 million. The building had traded nearly a decade earlier for $225 million, after which the sellers poured another $70 million into gut