Owner and developer Himmel + Meringoff (H+M) and financier Square Mile Capital Management together have acquired a mixed-use industrial site in the Bronx for $89 million from Sackman Enterprises, according to information from the buyers. Pinnacle Realty represented the seller in the transaction. Sackman had owned the asset for around 30 years, sources said. Read…
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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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W.B. Mason, the largest privately-held U.S. seller of office supplies, is opening its first distribution center in the city. The Brockton, Mass.-based company inked a 10-year lease for a total of 173,000 square feet on the site of one-story Bronx warehouse. The lease, which comes with a five-year option, covers a 107,000-square-foot space inside the…
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