Gustafson, who has more than 18 years’ experience in property valuation and consultancy in the commercial and multifamily arenas, will be leading Apprise operations in major markets such as Boston, New York, Philadelphia, Baltimore and Washington, D.C.
NEW YORK CITY- George Comfort & Sons has signed a 14,140-square-foot lease with SCHOTT Corporation, a prominent international technology group, at its recently redeveloped six-building complex located at 1100 King St. in Rye Brook, New York.
The board of the Nassau County Industrial Development Agency has given preliminary approval to online floral and gift distributor 1-800-Flowers.com for a package of development incentives to renovate 96,867 square feet of new office space at 2 Jericho Plaza in Long Island.
The Brooklyn Brokers United fund, established by three real estate firms to support three Brooklyn-based non-for-profit organizations servicing local neighborhoods amid the coronavirus pandemic, has exceeded its $20,000 goal at a current level of $23,016.
Due to the coronavirus pandemic, Manhattan office leasing tenants have pressed pause on contracts for new space, according to a recent Avison Young report.
Silverback Development, a New York-based real estate owner, developer and investor, is slated to welcome its first tenants to move into its luxury condominium at 24-16 Queens Plaza South, in Long Island City. The property, dubbed the HERO LIC, features 109 luxury condominiums with views of Manhattan.
Investors are poised to take precaution on portfolio decisions amid frozen market supply and demand because of the coronavirus pandemic, which has left businesses shuttered and a large number of tenants short on rent payments. As a result, borrowers are strained to make loan payments, which they fear could go into default.
The 32,184-square-foot multifamily property closed at $4.7 million, or approximately $149 per square foot.
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