From small-scale studios to prebuilts, property owners look to appeal to a shifting ‘small-user paradigm’ By Rey Mashayekhi November 1, 2017 9:45 am In the New York City office market, the big deals get all the attention. Landlords usually covet major six-figure-square-footage users who can lock down large blocks of space at their buildings, bringing with …

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What started as a glimmer of hope back in May is now official: New York City is getting an outpost of Au Cheval, the Chicago diner with a perennial hours-long wait and one of America’s most critically acclaimed burgers. When owner Brendan Sodikoff first showed interest months ago in the space (79 Walker Street, in …

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Manhattan’s investment sales market had a rough first half of the year In New York real estate, late July is traditionally a time for reflection. Brokerages churn out their mid-year market reports, while executives chopper off to the Hamptons to lie on the beach and fondly recall their best deal-making moments. But in 2017, there …

Continue reading “Can anyone spare a billion? Here are five trophy buildings that could have sold in early 2017 — but didn’t”

79 Walker Street New York, NY 10013 Key Features of Connectivity WiredScore wiredscore.com •Stealth Communications is providing dedicated, business grade fiber optic internet connectivity available for tenants. •Towerstreamhas confirmed that they will be able to provide fixed wireless internet access to tenants in the building with a signed contract. Fixed wireless is a form of …

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135 Bowery New York, NY 10002 Key Features of Connectivity WiredScore wiredscore.com FACT SHEET •Pre-installed fiber optics via Stealth Communications providing tenants with high speed, dedicated internet service. •Protected access to the exterior street infrastructure ensuring that tenants can seamlessly order internet service from multiple high speed fiber optic service providers. •Fixed Wireless “over the …

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Au Cheval’s burger is considered one of the best in the world Looks like hip Chicago restaurateur Brendan Sodikoff might be opening his best-known restaurant and acclaimed burger destination Au Cheval in Tribeca. At tonight’s Community Board 1 meeting, Sodikoff’s team pitched a New York location of the restaurant for a space at 79 Walker …

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The most intriguing item on Community Board 1’s May agendas—annotated rundown to follow—is a proposed restaurant in the micro-neighborhood of ChiBeCa, long a restaurant dead zone. It’s at 79 Walker (at the southeast corner of Cortlandt Alley), formerly the site of the Art in General gallery. The building was bought in October by Caspi Development …

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The saga of 135 Bowery is entering its next chapter. Already established as a tech incubator of sorts in the year-and-change since Caspi Development took control, the ground level of this former flashpoint property had remained bereft of permanent occupancy. Aside from a handful of pop-up establishments (e.g. Nike), it remained largely dormant with perennial …

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Breather, a provider of on-demand, flexible workspace, continues to expand throughout New York City offering meeting spaces to the TAMI sector and corporate users. The company opened two new locations in New York City at 135 Bowery, its 100th location, as well as 576 Fifth Avenue. Breather has set up four flexible meeting spaces at …

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Here’s what the $10M-$20M NYC investment sales market looked like last week Caspi buys a Tribeca commercial property; TF Cornerstone nabs Gap, FedEx buildings in Astoria October 24, 2016 04:19PM By Kyna Doles 79 Walker Street in Tribeca, Joshua Caspi and rendering of Compass Residences in the Bronx 1.) Westchester-based developer Caspi Development and RWN …

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A building with a controversial past has become the newest New York location for Breather, a startup that provides on-demand meeting rooms in 10 cities worldwide. Last night, there was a celebration on the fifth floor of 135 Bowery, where Breather has set up four flexible spaces that can be rented by the hour. It’s …

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When Daniel Sanborn began mapping towns 150 years ago, no one could have foreseen how his maps would continue to be used today. Nor could anyone have foreseen how the company’s headquarters that opened in Pelham in 1907 would be adapted to modern uses. Sanborn made fire insurance maps. They seem ordinary at first glance …

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The Mental Health Association of Westchester (MHA) recently appointed Joshua Caspi to its board of directors.  Principal of Caspi Development, he said, “I am looking forward to being part of The Mental Health Association of Westchester.  Their potential to grow even more exponentially over the next decade is exciting and MHA is an incredible place …

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Dating back to 1904, mapmaker is longest running, most successful in country If you’re looking at a map, there’s a good chance it was made by the Sanborn Map Company. The company’s building, which is located on Fifth Avenue in Pelham, achieved a major milestone Wednesday. The Sanborn Map building, which dates back to 1904, …

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Pelham, N.Y. (PRWEB) March 22, 2016 Caspi Development, a leader in residential and commercial real estate ownership, management and development, is proud to announce the newest tenants to the historic Sanborn Map Building, a 75,000 square foot loft-style office building at 629 Fifth Avenue in Pelham. King & King LLP, a construction law practice, occupied …

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WHITE PLAINS – Renovations of the former Nestlè Co. headquarters are complete and the owners are now asking the city for a one-year extension on their permit to build boutiques and a restaurant with outdoor dining. The first phase of the $30 million makeover at 120 Bloomingdale Road saw construction of a new facade, conference …

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The Town of Rye is looking to orchestrate a similar deal the county made with Standard Amusements to run Playland. TOWN OF RYE – Officials are once again seeking a contractor interested in running Rye Town Park, hoping to turn the struggling shoreline property next to Playland into a profit generator for the town. For …

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The real estate firm that brought Shepard Fairey to the heights of Bowery in 2014 (“The future is ours”) is going big again. Caspi Development just commissioned street artist FAUST to add a touch of cursive to another of its properties. Just a block to the south. Last Friday, in his signature script, FAUST scrawled …

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Big developments target millenials, Asian buyers and value seekers February 01, 2016 By Adam Warner From left: Isaac Henderson, Deborah Gutoff and Josh Caspi The Lower East Side, a neighborhood long associated with counterculture, after-hours bars and rusty tenements, is getting a glossy makeover. “The most surprising aspect of the Lower East Side’s transformation is …

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UPDATED, 2:52 p.m., Nov. 30: Caspi Development and Black Bear Asset Management bought a three-building package on the Lower East Side from Marolda Properties for $24.4 million. Marolda, a Chinatown-based landlord run by Lawrence Marolda, more than doubled its money with the purchase, having paid $9.8 million in 2012 to a family that had owned …

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NEW YORK CITY—Caspi Development and Black Bear Asset Management have entered a strategic partnership to acquire multifamily properties in Manhattan and Brooklyn. Through the partnership, Caspi will act as property developer and operator, with BBAM serving as the capital provider for all projects. “Our company has a long history of identifying distressed and underutilized properties …

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Posted on: November 12th, 2015 at 5:18 am by Elie ​Catching up on some news from a few weeks ago. Flashpoint Chinatown property, 135 Bowery, finally changed hands last month after more than three years on the market. The brick property, located just north of Grand Street, was previously home to a wood-framed, Federal-style row …

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Last night, in Downtown New York City, Nike opened its doors to media and special guests for its Hike Nike NYC event. The location set up by the Swoosh featured the latest winter gear from Nike. From the SneakerBoots to the Tech Fleece Aeroloft and the upcoming NikeLab ACG collection, the destination served as the …

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144 West Street, rendering by GF55 Partners By: Rebecca Baird-Remba 8:00 am on November 3, 2015 At the corner of West and India Streets in Greenpoint, two starkly different residential developments are about to rise. On the western side of the block, along the East River, two developers have demolished an old envelope factory to …

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135 Bowery buy is Caspi’s second office deal on famed street Caspi Development and RWN Real Estate Partners bought an office building at 135 Bowery on the Lower East Side for $16.2 million, doubling down on a campaign to turn the formerly run-down street into a tech-office destination. Westchester-based Caspi already owns a nearby property …

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Do what the Landmarks Preservation Commission asks and you shall receive its blessing. So was the case for the hotel planned for 456 Greenwich Street, sitting partly in the TriBeCa North Historic District. The proposal went before the commission in early August, but the brick choice and square fenestrations didn’t fly. So, the applicant was …

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July 26, 2015 When the Firm Is Wired but the Office Isn’t New York’s quirky old loft buildings make cool offices, but connectivity can be primitive By KEIKO MORRIS By now, it is a given in New York City that many companies in the tech and advertising sectors prefer older loft buildings in nontraditional office …

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Adrian Hopkins likes the Bowery so much as a work neighborhood that he organizes area walks for new staff and colleagues at peer companies in the area. He likes to take people out and show them the spots that represent the spirit that, he believes, makes it the right part of Manhattan for a technology-oriented, …

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Brooklyn residential projects dominated April’s list of biggest new projects. Multiple two-story townhomes will make way for six- or eight-story residential buildings on the borough’s outskirts. Also notable this month are the conversion permit for the Pavilion Theater in Park Slope and the plans to build a movie studio in the Bronx that is supposed …

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