Category: Brokerage
Message from the president of Real Estate Board of New York - by James Whelan
April 11, 2023
The latest phase of New York City’s economic recovery has shown how vital the real estate industry is for the region’s vibrancy. Thanks to the hard work of thousands of real estate professionals, New York City continues to be an attractive place to live and work.
Rosenblum Dev.’s 1818 Fifth Ave. wins $1m NYSERDA Round Three of the Buildings of Excellence Compe...
April 11, 2023
Troy, NY Rosenblum Development Corp. has been selected as a winner of a $1 million award in Round Three of the Buildings of Excellence Competition, administered by the New York State Energy Research and Development Authority (NYSERDA), for the development of a net-zero emitting
Duncan of Leadership Alliance awarded 2023 Above & Beyond Award
April 11, 2023
Binghamton, NY Leadership Alliance CEO, Stacey Duncan, has been named a recipient of City & State New York’s 2023 Above & Beyond Award. City & State is a media organization dedicated to covering New York’s local and state politics and policy providing in-depth,
Kornbluh joins Adler & Stachenfeld as partner
April 11, 2023
Manhattan, NY Joseph Kornbluh has joined Adler & Stachenfeld LLP (A&S) as a partner in the corporate real estate/joint venture practice group. Adler & Stachenfeld has one of the largest real estate law practices in New York City,
Cotsalas and Delitsky of Northmarq secure $26 million refinance
April 11, 2023
Manhattan, NY Chuck Cotsalas, senior vice president/senior director in Northmarq’s Long Island office, and Robert Delitsky, senior vice president/managing director in New York City’s office, have arranged a $26 million loan secured through luxury
Four ways to use Delaware Statutory Trusts for your 1031 Exchange - by Dwight Kay
April 11, 2023
Regardless of what economic trends are taking place, Delaware Statutory Trusts provide investors four timeless benefits for their 1031 Exchanges including deferring capital gains taxes, eliminating the headaches of active management (think the three T’s: tenants, toilets, and trash), and
Bayport Funding provides $7.02 million bridge loan
April 11, 2023
Brooklyn, NY Bayport Funding has delivered a $7.02 million bridge loan to support the ground-up construction of 1218-1222 Putnam Ave. in Bushwick. Developed by 1222 Putnam Development Inc., this 21-unit, four-story multifamily building will help satisfy the demand
Cushman & Wakefield and JRT Realty Group lease 3,380 s/f to Shake Shack in Penn Station
April 11, 2023
Manhattan, NY Cushman & Wakefield and JRT Realty Group arranged a long-term, 3,380 s/f lease with Vornado Realty Trust for Shake Shack in Penn Station, on the corner of 33rd St. and Seventh Ave.
OPEN Impact brokers 81,590 s/f for build-to-suit Bold Charter School
April 11, 2023
Bronx, NY OPEN Impact Real Estate LLC (OPEN) and Transwestern Real Estate Services represented Bold Charter School in a 81,590 s/f transaction for the ground-up construction of a build-to-suit school to be located at 1472 Boston Rd. in the Crotona East Park neighborhood.
2023 REBNY Honorees - Elly Pateras - The George M. Brooker Management Executive of the Year Award
April 11, 2023
Elly Pateras is an executive managing director of Douglas Elliman Property Management. In addition to her responsibilities overseeing the operations of DEPM, Pateras oversees a team of account executives who are responsible for managing over 60 of the finest buildings in New York City
CBRE completes $137 million sale of 16-property national hotel portfolio
April 11, 2023
Fishkill, NY CBRE brokerd the sale of a 16-property, 2,155-key hotel portfolio located across nine states. A joint venture between Dallas-based NewcrestImage and Phoenix-based Hospitality Capital Partners (HCP) acquired the portfolio for $137.3 million.
Bernstein and Cohen of Besen Partners complete $9.65 million sale of 112 4th Ave.
April 11, 2023
Manhattan, NY Besen Partners negotiated the sale of 112 4th Ave., a five-story basement 13,969 s/f above grade D2 elevatored loft building located on the west side of 4th Ave. between E 11th and E 12th Ave. in the Union Sq./Greenwich Village neighborhood.
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