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 ...

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...

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?