The Guggenheim Museum has renewed a 31,400-square-foot lease for its storage facility at the Brooklyn Army Terminal, Commercial Observer reported. In addition to the museum’s renewal at Building B, IEH Corporation, a manufacturer of electronic parts for aerospace and military technologies, also inked a 20,400-square-foot renewal, along with eyeglass maker Lowercase NYC, which renewed 2,160 square feet at the same building at 140 58th Street, according to the New York City Economic Development Corporation, which
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Billionaire developer John Catsimatidis wants to expand his nearly finished Ocean Drive rental complex in Coney Island by adding three larger towers — and if the city doesn’t approve those plans, he may take the investment of about $1 billion to Florida. “You’ve got to get the best for your investment,” Catsimatidis told the New York Post. “Why spend in New York when you can build in Florida.” The Gristedes owner has been developing a
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After nearly eight years as a publicly traded company, Brookfield Property Partners could be going private. Brookfield Asset Management, the real estate firm’s parent company, announced a proposal to buy the shares of Brookfield Property Partners that it does not already own at a value of $16.50 per share, or $5.9 billion. The deal would be a significant discount from the company’s book value per share of $27.02 per share, according to Yahoo Finance. The
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New year, new face for NYC’s City Planning Commission: Tenant advocate Cea Weaver — known to the real estate industry as one of the architects of 2019’s landmark rent law — could be part of the powerful planning board. Public Advocate Jumaane Williams plans to appoint Weaver, 32, the campaign coordinator for tenant coalition Housing Justice for All, to the commission, the New York Post reported. William Gerlich, a spokesperson for Williams, called Weaver “one
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