Business Transactions in the Time of Corona

It seems like business is really at a halt because of the novel coronavirus but if you take even a slightly closer look you can see that it’s not quite the case at all.  Amazon has just signed a deal to lease a Queens warehouse spanning a million square feet.  This investment in NYC will feature a delivery station offering a hugely efficient delivery service for the workforce, and include a multi-level parking structure at 55-15 Grand Avenue. Amazon is also in the process of negotiating another lease of 620,000 square feet in Red Hook, Brooklyn that is currently under construction.

Plans have been filed with the City of Buffalo by Great Point Capital Management to build an expansive film and TV studio complex.  The deal was signed earlier this year for the purchase of a building site with Rich Holdings Inc. and the space will feature two 20,000 square feet stages along with one 70,000 square foot office/support space.

Two seven floor properties featuring 72 apartments (39,000 square feet) and a retail unit spanning 5,000 square feet have been sold in Greenwich Village.  The transaction was undertaken by the Tri-State Investment Sales Group for Avison Young.  The sale price was $572 per square foot, totaling $22,250,000.