Front Section - September 23-6, 2014

TerraCRG sells Robles Realty's development site for $15.5 million; Adam America, Slate Property Group and Naveh Shuster Limited purchase the property
Brooklyn NY TerraCRG, one of Brooklyn's leading commercial real estate brokerage firms, closed on the sale of development site at 120 Union Ave. in the ...

Caporrino and Cote of Sovereign Realty Group complete sale of free-standing bank for $3.5 million
Sovereign Realty Group, one of the nation's premier net leased brokerage firms, completed the sale of a free-standing bank building. Capital One Bank is the sole ...

Meridian Capital Group and Eastdil Secured arrange $700 million in financing
Meridian Capital Group, LLC and Eastdil Secured, national leaders in real estate advisory services, have successfully collaborated on the negotiation of $700 million in CMBS ...

Construction Law: Contracts with architects
Most people in need of the services of an architect for construction, spend a lot of time reviewing the contracts with potential contractors, because they ...

de Blasio and Schumer reveal $108 million in federal funds to repair and protect Sandy-damaged public housing
New York City mayor Bill de Blasio and U.S. senator Charles Schumer revealed $108 million in federal funding to repair and protect the Coney Island ...

09-26-2014 - The Putnam County EDC to host 2014 Recognition Breakfast
The Putnam County Economic Development Corp. will host their 2014 Recognition Breakfast at the Putnam County Golf Course located at 187 Hill St. on September ...

Goldflam, Weiss and Ahmed of Highcap arrange $9.55 million sale of 1627 Park Avenue / two vacant lots at 107-111 East 115th Street
Josh Goldflam, managing principal, Jeff Weiss, and Ahmadu Ahmed, investment sales associates of investment sales firm Highcap Group, arranged the sale of the building located ...

Steiner and Khodosh of Stratus Capital Advisors broker $68 million sale
Stratus Capital Advisors LLC arranged the $68 million sale of 275 Park Ave. in the Clinton Hill section of the borough to a partnership of ...

Antebi of GFI sells dev. site and 8-unit apt. bldg. for $3.57 million; 157-159 Tompkins Avenue / 437 Throop Avenue - Brooklyn
GFI Realty Services, Inc., one of the leading New York-based commercial real estate services firms, arranged the sales of two contiguous vacant lots and one ...

The Durst Organization signs 10,222 s/f lease to Cushman & Wakefield
The Durst Organization has signed Cushman & Wakefield, the world's largest, privately held commercial real estate services firm, to a ten-year, 10,222 s/f lease on ...

10-15-2014 - NYCREW presents: "The Women Leading New York's Real Estate Families, Take Three"
NYCREW presents: "The Women Leading New York's Real Estate Families, Take Three" on October 15 from 6:30 - 8:30 p.m. The event will take place ...

Question of the Month: What are the typical methods available to taxpayers for deferring capital gains on real estate taxes?
Those who own real estate, especially those with highly appreciated values, are often hesitant to sell them because of the tax ramifications of capital gains ...

Executive of the Month: Roth, owner and co-managing partner of Friedman-Roth Realty Services: Celebrating 40 years of success; Meeting the ever-greater complexities of today's commercial real estate environment
As owner and co-managing partner of Friedman-Roth Realty Services, Eric Roth has much to be happy about. Celebrating Friedman-Roth's 40th Anniversary, Eric leads one of ...

Ezratty and Sinsheimer of Eastern Consolidated secure $50.75 million sale; 334-344 West 36th Street, sold to Chang's McSam Hotel Group
Eastern Consolidated has arranged the $50.75 million sale of 334-344 West 36th St., owned and occupied by the Post Graduate Center for Mental Health, to ...

Rose Associates names Ehrlich new CFO
Rose Associates, the New York-based full-service real estate firm, has named Marc Ehrlich as its new chief financial officer. As CFO, Ehrlich will provide leadership ...

Eastern Union Funding appoints Forman CEO
Allan Forman, managing director at Eastern Union Funding, has been tapped by company president Ira Zlotowitz to step in as CEO. The new management arrangement ...

RFR Realty leases 9,100 s/f to Pamplona Capital at 375 Park Avenue
According to RFR Realty LLC, Pamplona Capital Management has signed a 9,100 s/f lease at 375 Park Ave. Pamplona, a specialist investment manager that manages ...

Miles joins Douglas Elliman Real Estate
According to Douglas Elliman Real Estate, New York City real estate broker Brett Miles has joined the company. He was previously at Town Residential, where ...

The Brodsky Organization secures new restaurant tenant at 1426 Third Avenue
The Brodsky Organization, Manhattan's premier developers of condominium, commercial, retail, and mixed-use space, closed a deal with restaurateurs Tom and Anthony Martignetti for a corner ...

First Niagara Bank to open Tri-State Regional HQ in Tarrytown
First Niagara Bank is opening a new Tri-State Regional Headquarters. First Niagara will relocate its Tri-State leadership and commercial operations to the 30,000 s/f second ...

LaPerch of Houlihan Lawrence Commercial secures sale of St. Patrick's for $255,000
Houlihan Lawrence Commercial Real Estate Group, a division of Houlihan Lawrence, has brokered the sale of Saint Patrick's Catholic School located on 115 7th St. ...

Massey Knakal sells corner retail building in Astoria for $32 million
A corner retail building at 2856-2860 Steinway St., occupying the entire block front of 30th Ave. between Steinway and 38th Sts, in the Astoria neighborhood, ...

Yoskowitz joins Piquet Realty New York
Piquet Realty, a real estate firm with deep connections to the Brazilian investment community, hired Jesse Yoskowitz as a founding member of Piquet Realty New ...

Upstate loses a R.E. giant: Glazer of Buckingham Properties
Larry Glazer and his wife, Jane, lost their lives in a tragic airplane accident in early September. As chairman and owner of Buckingham Properties, Larry ...

TerraCRG sells 922 Prospect St. in Crown Heights for $2.625 million
TerraCRG, one of Brooklyn's leading commercial real estate brokerage firms, closed on the sale of the multifamily building at 922 Prospect Place in the Crown ...

Caspi Development teams up with St. artist Fairey to paint mural at 161 Bowery
Caspi Development - a Purchase, NY-based leader in the ownership, management and development of residential and commercial real estate in metro New York - has ...

Thru the Lens: 2014 CoreNet Golf Outing
Over 300 industry leaders golfed at CoreNet Global New York City Chapter (CoreNet NYC) 2014 CoreNet Golf Outing on August 11 to benefit the Salvadori ...

Thru the Lens: GFI 2014 Client Event
GFI Realty hosted the GFI 2014 Client Event at Tourneau on August 6. The event was attended by more than 200 brokers, clients and GFI ...

Thru the Lens: Investors Bank Bike 4 Friendship
Marc Katz, senior VP of Investors Bank's CRE Lending Group (sixth from L-R) stands proud with cyclists team of seven on Coney Island Beach after ...

Remember when: September 10, 1991
A recent ribbon cutting ceremony commemorated the opening of LaGuardia Airport's new six-lane roadway on the upper departure level of the main terminal building. The ...

Can Partners do Separate 1031 Exchanges by Becoming Tenants in Common?
In recent years there has been a growing perception that the IRS may be adverse to Section 1031 exchanges that occur proximate to a partnership ...

Sabre Real Estate Group opens Jersey City office at 30 Journal Square
Sabre Real Estate Group LLC, with a home base in Garden City, is expanding its presence in the Garden State. Sabre has opened an office ...

Greenberg of ERG brokers $1.03 million sale of single-tenant Dollar Tree
ERG Property Advisors arranged the sale of a single-tenant Dollar Tree at 711 East 38th St. The property sold for $1.03 million at a cap-rate ...

Kaufman Dolowich & Voluck LLP expands into Chicago Market
Kaufman Dolowich & Voluck LLP (KDV), one of the leading national law firms, is establishing a presence in the Midwest with the opening of an ...

Advalurem Group joint venture acquires 89,000 s/f 1000 Floral Vale
Advalurem Group has acquired an ownership interest in 1000 Floral Vale, a class A, LEED Gold-certified office building within the Philadelphia MSA. Built in November ...

Hirsch, Karpel and Friend of Meridian negotiate $100 million in financing
Meridian Capital Group, LLC negotiated a $100 million mortgage for the purchase of the Rachel Gardens multifamily property on behalf of Cammeby's International Group. The 12-year ...

Certilman Balin Alder & Hyman opens N.J. office
Certilman Balin Adler & Hyman, LLP, Long Island's second largest full-service law firm, has revealed the opening of its New Jersey office at: Park 80 ...

Adams of NAI Summit reps Burksh in multi-year lease with 12R Nanowave
Mike Adams of NAI Summit represented the owner, Burksh LLC, in the multi-year lease transaction with I2R Nanowave at 7448 Industrial Pkwy. The 16,790 s/f ...

Krauss of Winick Realty Grp. NJ leases two Jersey Mike's in Bergen County
Jersey Mike's, one of the leaders in the QSR sandwich category, signed leases for two locations in Bergen County. Winick Realty Group NJ's Gary Krauss ...

Reynolds-Hale joins GCS as managing director of national accounts
According to Griffin Capital Securities, Inc. (GCS), Vere Reynolds-Hale has joined the company as managing director, national accounts. Prior to joining GCS, Reynolds-Hale held several ...

Murphy of NorthMarq arranges $9.72 million acquisition financing
James Murphy, managing director of NorthMarq Capital's Boston-based regional office secured $9.72 million in acquisition financing for Eastport Industrial Park Buildings I & III, two ...

Mc Gowan Builders completes Walmart Neighborhood Market
Mc Gowan Builders Inc. completed a 40,000 s/f Walmart Neighborhood Market. The project was the eighth partnership between Walmart Stores, Inc. and Mc Gowan Builders, ...

Keystone closes $12.5 million sale from Mack-Cali
A joint venture led by Keystone Property Group has closed on the acquisition of 17-17 Rte. 208 North for $12.5 million from Mack-Cali Realty Corp. ...

RADCO adds two Atlanta-area properties to portfolio for $33.2m
The RADCO Companies, one of the nation's leading real estate opportunistic investment specialists, has purchased two multifamily communities in metro Atlanta totaling 553 units from ...

Gebroe-Hammer Assocs. secures $21 million sale
The $21 million sale of a four-property Hudson County multifamily portfolio, with units located throughout Jersey City and Hoboken, has been arranged by Gebroe-Hammer Associates ...

May a sponsor intentionally delay a condo unit closing?
A recent New York Supreme Court opinion tackled a unique claim by a purchaser of a residential condominium unit - may a purchaser obtain damages ...

Investors Bank completes $1.1 billion in commercial mortgage financing during first two quarters of 2014
Investors Bank's Commercial Real Estate (CRE) Lending Group closed 250 mortgage financing transactions that range in size from $1 million to $50 million during the ...

Oster Properties awards Friedland Realty Advisors exclusive broker rights to Yorktown Green Shopping Center
Friedland Realty Advisors, formerly NAI Friedland - a full-service commercial real estate firm with a 40-year pedigree - has revealed that Josef Pomerantz, associate broker, ...

Walsh of ERG arranges sale of triple net lease property in the Bronx for $ 1.6 million
ERG Property Advisors arranged the sale of 1855 East Tremont Ave. The property was sold in a bankruptcy auction for $1.6 million. The 14,924 s/f lot ...

Hunt named exclusive leasing agent for 2717 Oceanside Road, Oceanside
Hunt Corporate Services, Inc. (Plainview) has been named the exclusive leasing agent for 3,295 s/f located at 2717 Oceanside Rd. The available unit is part ...

10-29-2014 - The Voice of Manhattan Business Radio Program, "Accounting and Tax Issues for NYC Start-ups" featuring 212 Tax & Accounting Services' Anil Melwani
On October 29th, 2014 at 12 p.m., The Manhattan Chamber of Commerce's weekly radio program, "The Voice of Manhattan Business" (www.thevoiceofmanhattanbusiness.com, New York, NY) will ...