Car Rental Company Avis Budget Group Takes 21K SF in the Bronx As reported by Commercial Observer, Pinnacle Realty is proud to announce its successful representation of the landlord in a major lease transaction that brings global car rental leader Avis Budget Group to a high-visibility site in the Bronx’s Eastchester neighborhood. Pinnacle’s Ariel Castellanos…
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Andrew Chung, the CEO and founder of Innovo Property Group, has closed on a 9-acre industrial site in Hunts Point, Bronx, for $102.5 million, Commercial Observer has learned. The site, located at 1110 Oak Point Avenue along the East River waterfront, is home to a 93,000-square-foot warehouse occupied by the New York Expo Center. David Junik of Pinnacle Realty represented both the buyer and…
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Andrew Chung’s Innovo Property Group is making another big bet on an industrial project in the Bronx. The plan would be a windfall for owners Joshua and Jack Guttman, whose company, Pearl Realty Management, bought the site for $24 million in 2016. The Guttmans would remain part of the project as a lender. Jack Guttman did…
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As the pandemic pushed New York’s commercial real estate market into unknown territory, many brokerages held their breath. Not Pinnacle Realty. “We founded our company back in 2009 during the financial crisis,” said James Tack, one of Pinnacle’s six founding partners. The firm celebrated its 10th anniversary last year. Read more at The Real Deal
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