Gazetted KL green spaces can be leased for non-green uses, says land office

Steve Croman’s sons find path in real estate

The sons of landlord Steve Croman are all grown up. Jake and Adam Croman have gotten into the real estate business and are following in their father’s footsteps by buying Manhattan multifamily, often partnering with fashion scion Jeremey Tahari. The Croman brothers’ most recent buy was a Chinatown five-story, 118 Mulberry Street, for 2.28 million. About half of units in the building are rent-stabilized, making it a curious bet when the city has capped rents in those units. But commercial rents in Manhattan are still growing, which can buoy revenue. The commercial unit on the ground floor is currently occupied []This article originally appeared on The Real Deal. Click here to read the full story.

Five Tenants Sign 19K SF of Deals at Blake Partners’ 39 West 37th Street

Five new office leases totaling 19,191 square feet were signed at a Midtown building three blocks south of Bryant Park, Commercial Observer has learned. CRC Insurance Group, one of the largest wholesale specialty insurance distributors in North America, took the largest spread at Blake Partners’ 39 West 37th Street, signing a 6,261-square-foot lease on the []

In Larkin, land leases and a city’s growing pains shape Johor election contest

JOHOR BAHRU, July 7 — Land lease renewals in Kampung Melayu Majidee and the need to modernise public infrastructur...