News

Gemini Rosemont Commercial Real Estate has acquired 167 North 1st St., a mixed-use development site situated midblock between Bedford and Driggs avenues in Williamsburg, Brooklyn, for $18.2 million.

The new space will house Imperial Dade's executive team as well as office operations, including finance, human resources and customer service. The firm's current Jersey City facility will serve as its largest distribution center.

The order also mandated specific protections and policies for all essential retail, manufacturing, and warehousing businesses, as well as businesses engaged in essential construction projects.

Sioux City is open to helping induce a compelling redevelopment via the use of incentives if proven needed, city officials state.

"We'll have to make difficult decisions on city spending, the likes of which have never before been needed," Philadelphia Mayor Jim Kenney said.

A quartet of properties in the Sunnyside, Hollis, Jackson Heights and Bayside neighborhoods of Queens have come to market.

The property at 747 Mill Park Drive is net-leased for 10 years to Magna Seating of America, Inc., a division of Magna International.

Manhattan office leasing experienced a healthy start to the year in January and February with a drop in availability and rise in rents. However, that was soon over when coronavirus arrived in March.