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Exclusive: Judge Recused in $11M Real Estate Fraud Case at 315 W. 35th Street
A New York Supreme Court judge has recused himself from a case involving an alleged $11 million real estate fraud and referred the matter to the Brooklyn District Attorney’s office. The suit involves...
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Kevin Fritz, Protege to Stephen Meister, Hits the Real Estate Fast Track
He’s a rising litigator in the city and, at the side of well-known lawyer Stephen Meister, his career has been on the fast track. Kevin Fritz has become Mr. Meister’s right hand man in a host of cases,...
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Meridian Closes $41.3 Million in Financing on 240 West 37th Street
Meridian Capital Group has negotiated a $41.3 million mortgage on an office building at 240 West 37th Street, between Seventh and Eighth Avenues. Investors Isaac Chetrit and Ray Yadidi purchased the...
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Texas de Brazil to Fill Space at 201 E. 60th Street in Lenox Hill
Texas de Brazil is coming to 201 East 60th Street this fall, The Commercial Observer has learned. The Brazilian-style steakhouse chain signed an 11,000-square-foot lease at the mixed-use property at...
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Chetrit Tribeca Office Building Sells for $42M [Updated]
396 Broadway An executive of investment firm Bridgeton Holdings has closed on the purchase of Isaac Chetrit's 396 Broadway, near Walker Street, according to property records. Mr. Chetrit bought the...
View ArticleChetrit and Yadidi Get $130M Refi From Signature on Diamond District Office...
Two prominent developers are upping the size of their carats. New York-based Isaac Chetrit and Ray Yadidi have refinanced two Diamond District buildings in Manhattan with a $130 million from Signature...
View ArticleStubHub Relocating One Block South in Midtown
Online ticket seller StubHub has signed a roughly 6,400-square-foot lease to move to 1412 Broadway between West 39th and West 40th Streets, The Real Deal reported. The new space at 1412 Broadway will...
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The Plan: Inside a New Coworking Space at 1412 Broadway
When real estate investor Charles Aini first learned that the 21st floor at 1412 Broadway was vacant, he wanted to get one of the major coworking firms on board. “I was willing to share the risk and...
View ArticleWeWork Nails Down 47K-SF Deal Near Times Square
Flexible office space giant WeWork has nabbed a 47,000-square-foot space at 145 West 45th Street in the vicinity of Times Square, the company announced. The space—which will be spans the top five...
View ArticleIsaac Chetrit Closes on Hamilton Heights Development Site for $29M
Isaac Chetrit closed on the $28.7 million purchase of a development site in Hamilton Heights from Anbau Enterprises, Commercial Observer has learned. Anbau purchased the property, at 620 West 153rd...
View ArticleChetrit Turns Over Entire Midtown Building to His Coworking Brand Workville
Isaac Chetrit will turn over his entire 315 West 35th Street building to the coworking brand he founded with Jacob Aini and DJ Dashti. Workville will take over the 60,000-square-foot Midtown building...
View ArticleChetrits Buy Stake in Manhattan Multifamily Portfolio for $200M
Isaac and Eli Chetrit dropped $200 million for a stake in a 60-building multifamily portfolio in Manhattan, sources confirmed to Commercial Observer. The Chetrits’ AB & Sons bought an approximately...
View ArticleSunday Summary: Companies Get Serious About Vaccinations
A year ago, it never really occurred to us that after a catastrophic economic shutdown, hundreds of thousands of deaths, and a heroic effort by the scientific community to churn out a shield in record...
View ArticleCo-Warehousing Startup ReadySpaces Takes 90K SF in Ridgewood
Flex warehouse operator ReadySpaces has leased 90,000 square feet of space in a Chetrit-owned industrial property in Ridgewood, Queens, according to the tenant’s brokers. The 10-year deal at 59-10...
View ArticleSupermarket Owner Buys Brooklyn Retail Building From Chetrit Group for $34M
The owner of a Uzbeki grocery store chain Tashkent Supermarket, Odiljon Tursunov, bought the retail building at 1100 Kings Highway in Sheepshead Bay, Brooklyn, for $34 million from an entity tied to...
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