News: Brokerage

Hakimian of Itzhaki Properties brokers $33.367 million sale

Moshe Azogui, chief executive officer of Brack Capital Real Estate-USA has completed the purchase of 27 Grand St., an 11,300 s/f parcel of land located in Manhattan's SoHo neighborhood. The L-shaped site is bordered by 6th Avenue and Thompson St. Brack Capital Real Estate-USA purchased the property for $33.367 million from Extell Development.   Ivan Hakimian of Itzhaki Properties represented both purchaser and seller in the transaction.   Brack Capital Real Estate-USA, which owns and manages a number of developments in New York and Florida, is known for its meticulous restoration and renovation of the majestic 90 West St., the Cass Gilbert designed landmark damaged during 9/11.  Other current New York projects include the landmark Olcott at 27 West 72 St., Element at 555 West 59 St., 230 Riverside Dr., 240 East 27 St., 150 East 85 St., The Chartwell House at 1760 Second Ave.,15 Union Sq. West and the 298-room Hilton Garden Inn  located at 63 West 35th St.   
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Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

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Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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