FDNY signed a 20-year lease for the space at 58-80 Borden Avenue in Maspeth, Queens, where it will occupy a two-story building and a large outdoor yard area, a DCAS spokesperson confirmed. The property, which abuts the elevated Long Island Expressway, includes a 31,600-square-foot warehouse and 170,000 square feet of parking. Pinnacle Realty’s Decio Baio, David Junik and James Tack have been marketing…
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A tight hustle: TRD’s annual tally of the city’s biggest investment sales firms It’s not every year that a landmark piece of Manhattan’s skyline trades hands. But that’s what happened last spring when trophy collector Aby Rosen and his partners gained control of the famed Chrysler Building in April. Even more eye popping was…
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Turnover among New York City’s commercial real estate brokerages is rarely labeled a “game changer.” But when the city’s top investment sales firms experienced one of the biggest team moves to date in October 2016, the industry grappled with a fundamental question: What matters more, the platform or the people? Read more at The Real…
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The $78 million sale of Jamaica’s Ideal Business Center topped the list. It was followed by Home Depot’s $63 million purchase of a Coca-Cola bottling plant in Maspeth. And a pair of industrial sites near JFK Airport that Deutsche Bank’s real estate arm bought for $43.1 million and $33.6 million occupied numbers three and four…
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