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$6 million Gerard Place Community Center project in Buffalo completed

Buffalo, NY According to governor Andrew Cuomo, the $6 million transformation of a former parish hall into the new Gerard Place Community Center on the city’s East Side has been completed. Gerard Place works to

Public Relations: New rent regs pose communication challenge - by Harry Zlokower

Sweeping changes in rent control laws, resulting in benefits to tenants, mobilized the real estate industry earlier this summer into a forceful campaign of lobbying, paid advertising, and organized demonstrations. Using reasoned arguments and projections, the industry attempted to thwart the legislation by demonstrating to politicians and

LSL Advisors' Greene and Lolai join the
TCN Worldwide Real Estate Services organization

Manhattan, NY According to Ross Ford III, president & CEO of TCN Worldwide Real Estate Services, LSL Advisors is the newest member to be selected to join the international real estate services organization. LSL Advisors is a commercial real estate advisory and investment firm.

Durst Org. and Bank of America refinance One Bryant Park; Rosenberg & Estis; Orrick, Herrington & Sutcliffe; Chatham Financial are advisors

Manhattan, NY The Durst Organization and Bank of America have closed a $1.6 billion refinancing of One Bryant Park. The financing combined a $950 million CMBS loan with a $650 million Liberty Bond loan

Jungreis of Rosewood Realty Group sole broker in $10.5 million sale

Manhattan NY Rosewood Realty Group has completed the $10.5 million sale of 495 Amsterdam Ave. on the Upper West Side. The 9,975 s/f five-story, mixed-use walk-up apartment building on the corner of West 84th St., features

Wenig, Nelson and Kinsey of Avison Young facilitate $5.1 million sale of Long Island post office

Merrick, NY The Net Lease Investment Sales Group for Avison Young facilitated the sale of a single-tenant net-leased United States Postal Service (USPS) property located at 2040 Merrick Rd. for $5.1 million. The USPS recently renewed a

Blatter of KFIR Capital acts for buyer and seller in $20.5 million Brooklyn Opportunity Zone sale

Brooklyn, NY KFIR Capital completed the $20.5 million sale of a two-story, 43,000 s/f mixed-use building in an Opportunity Zone (OZ). The buyer, a family office, plans to develop the site at

Cushman & Wakefield acts as exclusive advisor to Angelo Gordon & Onyx Equities in $94 million financing

Orangetown/Clarkstown, NY According to Cushman & Wakefield, the firm served as the exclusive advisor to Angelo Gordon & Onyx Equities in the procurement of $94 million in financing for Bradley Corporate Park, a 17-building

Investment Sales: New York City real estate is still alive - by Michael Weiser

NYC commercial real estate investment is still alive! The new NYS rent regulation laws affect approximately one-million stabilized units. However, there are still approximately two million free market apartments many in wholly free-market or largely free-market buildings. In addition, let’s not forget mixed use, office,

Madison Realty Capital provides $83 million loan for Midtown hotel

Manhattan, NY Madison Realty Capital (MRC) provided an $83 million loan to recapitalize a 230-room hotel at 25 West 51st St. in Midtown, located across from Rockefeller Center.