Daly and Keating of Rudin lease 59,550 s/f to Vibrant at 80 Pine St.

Daly and Keating of Rudin lease 59,550 s/f to Vibrant at 80 Pine St.

New York, NY Rudin, a full-service real estate organization, will be relocating nonprofit mental health provider Vibrant Emotional Health (Vibrant) to 80 Pine St., its 1.2 million s/f financial district office tower, with a 15-year lease totaling 59,550 s/f. Vibrant Emotional Health’s footprint will span the entire 18th and 19th floors of the 38-story building.

Read More

Gottlieb of Schuckman Realty sells two gas station properties

Farmingdale, NY Schuckman Realty brokered the sale of two gas station properties. The property located at 566 Fulton St., sold for $2.3 million. The property consists of an 1,800 s/f building on 8,000 s/f lot, currently operating as a Mobil gas station and convenience store.

Read More

Gottlieb of Schuckman Realty sells two gas station properties
The Doe Fund tops out The Plains - 82,465 s/f multifamily residence

The Doe Fund tops out The Plains - 82,465 s/f multifamily residence

Bronx, NY The Doe Fund, a homeless services nonprofit with a portfolio of transitional, affordable, and supportive housing throughout NYC, celebrated the topping out of its latest real estate development at 4519 White Plains Rd. The nine-story, $48.5 million joint venture — known as The Plains and designed by OCV Architects — is the second The Doe Fund has undertaken with Robert Sanborn Development.

Read More

Vachon and de la Garza of KeyBank CDLI secure $10.6 million for Cornerstone’s acquisition of 52-unit Silver Lake Meadows

Perry, NY KeyBank Community Development Lending and Investment (CDLI) provided $10.6 million to Rochester’s Cornerstone Group, Ltd. (Cornerstone) for the acquisition and rehabilitation of Silver Lake Meadows, a 52-unit, fully subsidized family project at 165 Lake St.

Read More

Vachon and de la Garza of KeyBank CDLI secure $10.6 million for Cornerstone’s acquisition of 52-unit Silver Lake Meadows
Muroff Hospitality sells 31 room inn for $1.94 million; rebranded Phoenix Inn Resort

Muroff Hospitality sells 31 room inn for $1.94 million; rebranded Phoenix Inn Resort

North Creek, NY Muroff Hospitality Group sold The Phoenix Inn Resort (formerly known as the Copperfield Inn), at 307 Main St., for $1.94 million. Mitch Muroff represented the seller, Diana Espalza, and secured the buyer, Buhai and Zihan Ren, in this exclusive offering.

Read More

Short Term Capital buys $3.9 million non-performing loan - 16,907 s/f

Hempstead, NY Short Term Capital, a New York-based family office,  has purchased a $3.9 million non-performing note from the lender of a commercial property owner. The 16,907 s/f property,  located at 999 Hempstead Tpke.

Read More

Short Term Capital buys $3.9 million non-performing loan - 16,907 s/f
Residents not as engaged as you’d like? Try these tips - by Chris Ulep

Residents not as engaged as you’d like? Try these tips - by Chris Ulep

Even thriving rental communities can stand to benefit from more positive property reviews, less turnover and highly engaged residents. If this is something you’ve struggled with in the past, there are ways you can boost engagement and see your efforts reflected in your bottom line. After all, happy tenants tend to stay put longer and provide your most stable source of income.

Read More