News: Brokerage

Grant Dolgin of Kalmon Dolgin arranges 12,000 s/f lease in Brooklyn

According to Neil Dolgin, co-president of Kalmon Dolgin Affiliates, Grant Dolgin of the firm arranged a 12,000 s/f lease for Lower Eastside Service Center (LESC) Foundation and Angel St. Thrift Shop at 33 Nassau Ave. in the Greenpoint neighborhood. Grant Dolgin represented the tenant, LESC Foundation and Angel St. Thrift Shop, in the transaction. Neil Dolgin represented the ownership in the negotiations. The lease encompasses a 10,000 s/f space on the ground floor and a 2,000 s/f basement comprising both warehouse and retail portions. Angel St. Thrift Shop, whose proceeds benefit individuals and families affected by substance abuse, mental and other illness, will sell high-end used items in an expansion from its current Manhattan-based boutique. Also known as the Flour & Sugar Building, the three-story warehouse is currently undergoing a multi-million dollar renovation which includes modernization and expansion of the existing structure into a 88,000 s/f, mixed-use property.
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Columns and Thought Leadership
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,