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Barone Management’s Scott Barone Acquires Three Bronx Leaseholds

Lee & Associates NYC represented the fee owner and procured a leaseholder for three properties in the Bronx. Located at 629 Courtlandt Ave., 1680 Southern Blvd. and 4035 White Plains Rd., they were built in the early 1970s and total more than 66,000 square feet, with 74,000 square feet of combined air rights for community facility use.  Ben Tapper, director of Lee NYC’s National Investment Services Group, was the sole broker. The new leaseholder is Scott Barone, founder of Barone Management. The Gargiulo family owns all three buildings.  “These buildings have been owned by the ...

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How Lessons Learned In The Great Recession Are Helping One CRE Firm Grow During The Pandemic.

The pandemic, with its government-mandated closures, supply chain disruptions and other challenges, forced many companies to pivot hard to stay in business. For many business leaders, it was their first experience operating during a global crisis.  Others, however, could apply lessons learned during previous disruptions to not only help them navigate through the unpredictability of the pandemic, but to expand and seek new investors during uncertain times. Barone Management benefits from an organizational structure characterized by vertical integration, a shift that the company made during ...

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John Silviano featured in The Top 100 People in Real Estate Magazine

John Silviano’s career in real estate unexpectedly evolved out of a high school job working in a jewelry store located in his hometown of Whitestone, Queens, owned by a man named Frank Barone. During that time, John befriended Frank’s son, Scott, and after working under his tutelage for four years, joined Scott as principal and partner of his namesake firm, Barone Management, which was previously founded in 1999. Today, John still serves in that role, leading the New York City-based construction and development firm in major projects throughout the five boroughs. Having established a repu...

Bisnow/Miriam Hall View's Brian Klanksy, GFP Real Estate's Tom Ortinau and Silverstein Properties' Brian Collins speak at Bisnow's Queens event Oct. 27, 2021

Queens Real Estate Leaders Pin Hopes On CRE-Friendly Adams Administration

Property sales prices have come roaring back, apartments are filling up again and investors are looking for assets across Queens, but real estate power players in the borough home to more than 2.4 million people say government policies are still stymieing development. “A lot of our zoning laws are just outdated,” First Pioneer Properties President Suresh Sani said at Bisnow's Queens and Long Island City event Wednesday. “There is industrial business in Queens, but not as much as that the city is trying to preserve … Those people are moving to Mexico, Illinois and Ohio to do thei...

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Woodworks selected for 2021 building recognition awards by the Queen’s Chamber of Commerce.

The Queens Chamber of Commerce has announced the 29 outstanding construction projects that will be honored at its 2021 Building Recognition Awards October 27th, 2021. The Queens Chamber of Commerce has hosted a Building Awards ceremony since 1926. For over 90 years, business and community leaders have gathered to honor buildings and projects that have contributed to the architectural betterment of Queens and keep the borough vibrant, sustainable and livable. We are proud to announce that we have been selected as a top construction project by the Chamber of Commerce. ...

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Woodworks in LIC Draws Seven New Tenants

Cushman & Wakefield has arranged seven leases at The Woodworks LIC at 9-03 44th Rd. In Long Island City representing more than 30% of the building’s rentable space in less than four months since leasing efforts began in earnest. The Woodworks LIC is a 90,000-square-foot industrial and office property that represents the first ground-up industrial development in the neighborhood in more than 30 years.  A Cushman & Wakefield team of Joshua Kleinberg and Dale Braverman represented the landlord, Barone Management, in all leasing transactions.  “We’ve seen significant ...

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The Woodworks industrial property in LongIsland City is already 30% leased

The Woodworks LIC, a 90,000-square-footindustrial and office property in Long Island City,New York, is 30% occupied just months after itopened for leasing, according to Cushman &Wakefield. The real estate services firm said it arranged sevenleases at the building at 9-03 44th Rd. in theHunters Point neighborhood in less than fourmonths since leasing efforts began in earnest.  The Woodworks LIC is a 90,000-square-footindustrial and office property in Long IslandCity, New York. Cushman & Wakefield’s Joshua Kleinberg and DaleBraverman represented the landlord, BaroneManagement, in th...

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Little guys eat up 30,000 s/f of industrial space at Barone’s LIC property

Cushman & Wakefield has leased nearly 30,000 s/f of office and industrial space at Barone Management’s The Woodworks in Long Island City.  Situated at 9-03 44th Road The Woodworks LIC is a 90,000 s/f property developed by Barone to cater to small businesses being squeezed out of so-called last-mile space by e-commerce and logistics giants. The first ground-up industrial and light manufacturing building to be constructed in Long Island City in excess of 30 years, it features 21 ft. ceilings on the ground floor, 14 ft. ceilings on the second and third floors, heated and air-conditioned w...

Renderings Revealed For Apartment Building And Charter School At 80-52 47th Avenue In Elmhurst, Queens

Proposals to construct a new nine-story apartment building and charter school in Elmhurst, Queens are now under review by the Department of City Planning. The development site is approximately 70,000 square feet and bound by Long Island Railroad train tracks to the south, Whitney Avenue and 83rd Street to the east, and 82nd Street and 47th Avenue to the west.   Rendering of proposed residential building at 80-52 47th Avenue - Stephen B. Jacobs Group Aerial map of the project site for the proposed residential building and charter school – Stephen B. Jacobs Group The address of the reside...

How Online CRE Investment Platforms Have Unlocked a New Source of Capital

How Online CRE Investment Platforms Have Unlocked a New Source of Capital

Crowdfunding, also known as online syndication, has grown from a “nice to try” to a “must-have” source of capital for hundreds of CRE sponsors. Online investing platforms have helped firms raise billions of dollars in private equity by providing direct access to thousands of accredited investors across the U.S. But how did this way of raising capital get started? Why are some of today’s largest CRE firms turning to this new source of capital?

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