News: Owners Developers & Managers

Philips International begins renovation on 45,330 s/f office condos.

Philips International, a leading New York City-based real estate investment, development and management company with a national portfolio of diversified assets, has begun a comprehensive, multi-million dollar conversion/capital improvement program to create 99 Office Condominiums at 99 West Hawthorne Ave. Additionally, the CBRE team of Kelly Koukou and Mark Greenspan will market the property to prospective condominium buyers. Mark Stumer of Mojo Stumer Associates is the architect. When renovations are completed for this condominium conversion, 99 Office Condominiums will be a 45,330 s/f, seven-story building boasting a dramatic new lobby and common area, and for sale office condominium suites ranging from 1,000 s/f to full floors of 7,486 s/f. "99 Office Condominiums is one of the select few buildings in Long Island where professionals or companies can purchase office condominiums that allow them to completely control their own space," said Michael Pilevsky, managing director of Philips International.
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New York State Homes and Community Renewal finish $32 million affordable development

Union, NY New York State Homes and Community Renewal commissioner RuthAnne Visnauskas have completed the Homesteads on Grand, a $32 million, 72-unit mixed-use affordable and supportive development in Johnson City, Broome County.
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Don’t leave severance damages behind - by Sebastian Jablonski

Don’t leave severance damages behind - by Sebastian Jablonski

When the government takes a portion of a landowner’s property, most assume just compensation stops at the value of the land taken. However, in partial takings, that is only half of the equation.
New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s first-ever two-year rent freeze is now in the hands of a state Supreme Court judge, and the decision could reset income for owners of roughly one million rent-stabilized apartments housing some 2.4 million residents.
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by  Ron Cohen

NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen

New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations