New York City

The land of opportunity zones - Latest market report from GFI Realty

New York, NY After federal tax reform introduced the Opportunity Zone program in late 2017, a significant portion of the New York City real estate community evolved their investment strategies with an eye toward developing in these areas, according to GFI Realty Services’ most recent research report. The report, entitled The Land of Opportunity Zones, explains the various criteria that must be met by investors seeking to capitalize on the program, while detailing the growth of transaction activity and fund formation related to these areas. With interest in these opportunity zones increasing rapidly, the report notes, it is not surprising that, on a national level, sales of development sites in opportunity zones spiked by 80 percent in the first three quarters of 2018 when compared to the same period last year.

Bagdadi and Akiva of Tri State Commercial arrange 1,805 s/f retail lease

Brooklyn, NY Bond Veterinary leased a 1,805 s/f retail space at 217 Court St.  The urgent care animal hospital realized there was a need for better service for pet owners and their animals. Staffed with some of the best veterinarians in the country and veterinary care providers; Bond Veterinary focuses on providing the best care for pets and their owners. They aim to create a team environment that's welcoming and positive for clients and staff alike. The company began operation in 2018 and this will be Bond Veterinary's flagship location. The startup company is modernizing veterinary practices by updating clients with medical notes about treatments and producers through their app. They've also automated the process of scheduling appointments and accessing medical records online.

Greysteel continues New York City expansion: Opens Manhattan office and hires Jauregui as office co-lead

New York, NY According to Greysteel, a national commercial real estate investment services firm, the firm launched a New York City expansion and opened a Manhattan office with the addition of Miguel Jauregui.  He will specialize in arranging sales of private client, middle market, and institutionally owned multifamily, and mixed-use properties and portfolios throughout New York City and boroughs with a specific focus on the Bronx and Upper Manhattan. In addition to his day-to-day responsibilities of deal execution, Jauregui, along other office co-leads and president & CEO, Ari Firoozabadi, will carve the strategic vision of the team’s continued expansion and growth of the territory.  

Bernstein named as member of Rosenberg & Estis to head new tax incentive & affordable housing department

New York, NY  Rosenberg & Estis, P.C., a leading New York City real estate law firm, has named Daniel Bernstein as a member to head the firm’s new tax incentive & affordable housing department. Bernstein, formerly of counsel to Rosenberg & Estis, will focus on the tax incentive programs and affordability requirements that are critical to New York City residential and commercial projects.

POLSINELLI leads roundtable discussion, “Opportunity Zones: What's Hype, What's Ripe”

New York, NY Am Law 100 firm POLSINELLI’s  Dan Flanigan, managing partner of the firm’s New York office, (shown right - leaning in), along with Jeff Goldman (shown left of Flanigan) and Pat O’Bryan (shown right of Flanigan), members of POLSINELLI’S Tax and Opportunity Zones...

Guarino of Friedman-Roth reps seller in $56.625 million sale; Hershberg of Friedman-Roth procures buyer, The Lightstone Group

Manhattan, NY Friedman Roth Realty Services has brokered the sale of two properties on the southeast corner of Broome and Bowery on the Lower East side. The deal closed for $56.625 million for three separate blocks and lots and two separate sellers, with a total buildable of 70,000 s/f from all three sites combined.

Yankleovich of GFI Realty brokers $26.7 million sale of two-building multifamily; Represented the buyer, Greenroad Capital, and seller

Brooklyn, NY GFI Realty Services, LLC has brokered the $26.7 million sale of a two-building, multifamily portfolio in the Prospect Park Sout...

Jungreis of Rosewood closes $48 million sale of two six-story apartment buildings

Manhattan, NY Rosewood Realty Group has completed the $48 million sale of two six-story elevator apartment buildings with 141 apartments on ...

Tortorici, Kelly, Sozio, Lev and Taic of Ariel Property Advisors arrange $5.975 million sale of commercial/industrial assemblage

Queens, NY Ariel Property Advisors has facilitated the sale of The Liberty-Tuckerton Assemblage, which consists of three commercial/industri...

Station Companies acquires 14 2nd­ Avenue

Manhattan, NY Station Companies has acquired 14 2nd Ave. and unveiled plans to build a new East Village condominium development. 14 2nd A...