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Spotlight Content
Posted: January 24, 2017
2016 Top Viewed Web Content: Financial Transactions
1. Nova of The Cornerstone Group of NY arranges $8.84 million in financing for new development for 401 95th Street in Bay Ridge
Rendering of 401 95th Street, Bay Ridge - Brooklyn, NYCLICK HERE for full story
2. The Cornerstone Group of NY arranges financing totaling $11.35 million in New York City
Two-floor retail condo - Kings Highway.CLICK HERE for full story
3. Flax and Kallenberg of Meridian Capital Group arrange $8.5 million refinancing
Crossroads Shopping Center at Rocky Point, 47-91 Route 25A - Rocky Point, NYCLICK HERE for full story
4. Seidman of Meridian arranges $22 million acquisition; Schmuckler of Meridian secures $5.6 million
1975 Lafontaine Avenue - Bronx, NYCLICK HERE for full story
5. Katz, Hirsch and Karpel of Meridian Capital arrange $128 million
Devonshire Hills, 1710 Devonshire Road - Hauppauge, NYCLICK HERE for full story
6. Anderman and Blank of Meridian negotiate $160 million refinance; Ackerman and Sonnenschein arrange $28 million
902 Quentin Road- Brooklyn, NY
245 Fifth Avenue - Manhattan, NY
CLICK HERE for full story
7. Hirshmark Capital closes $12 million in transactions
Igor Vaysberg, Hirshmark Capital
Mark Levin, Hirshmark Capital
CLICK HERE for full story
8. Kallenberg of Meridian Capital arranges $6.5 million in permanent financing for mixed-use refinance
211-215 Hallock Road - Stony Brook, NYCLICK HERE for full story
9. Shelby of Meridian Capital Group negotiates $29 million retail property refinance
Carol Shelby, Meridian CapitalCLICK HERE for full story
10. Bar-Or and Khatiwala of Meridian Capital arrange $60 million refinance
New York Gallery Building, 24 West 57th Street - Manhattan, NYCLICK HERE for full story
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Columns and Thought Leadership
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
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