Category: Brokerage

Community Preservation Corp. expands to serve small multifamily buildings

December 1, 2020

New York, NY The Community Preservation Corp. (CPC), has launched the new Flex Small Loan program. Earlier this year, CPC stepped up to partner with New York State to provide relief to small building owners experiencing financial hardship due to COVID-19.

What do 1031 and inheritance tax reforms mean for commercial real estate investors? - by Marc Hers...

December 1, 2020

While the U.S Presidential election is behind us (seemingly), much is still in the air in regards to the balance of power in the senate with two January 5th runoff elections in Georgia weighing in the balance. The commercial real estate industry will be following closely as it is expected that the senate will look to pass a new tax reform shortly thereafter.

Zen and the art of real estate appraisal (in 2020) - by Neil Axler

December 1, 2020

For real estate valuation practitioners in November 2020, traditional data points like comparable sales, leases and cap rates are scarce- the market is not Zen, not stable. Property values throughout most of the country have decreased and some real estate owners are finding solace in doing some favorable tax planning if possible.

New York City development tools: Inclusionary air rights - part 1 - by Michael Smith & Patrick O'S...

December 1, 2020

As real estate owners and developers continue to adapt to the COVID-19 pandemic, many are seeking ways to enhance the development potential of their properties. In this four-part series, we will discuss “tools” available to owners that can improve a project’s economics, which are particularly valuable given tighter market conditions.

Rock the Bricks: Wetland’s Preserve/Tribeca – NYC - by Larry Ross

December 1, 2020

This month we focus on famed music venue Wetland’s Preserve formerly located in Tribeca. The popular music venue operated out of 159-163 Hudson St. (a.k.a. 45-47 Laight St.) in a former nine-story 58,015 s/f warehouse built in 1930, according to city records, opposite historic St. John’s Park.

Sherman of Manhattes Group collaborates with Kalmon Dolgin in $4.2 million sale

December 1, 2020

Brooklyn, NY According to The Manhattes Group, they have sold a 11,844 s/f building for $4.2 million. Michael Sherman of The Manhattes Group acted on behalf of the buyer, 419 16th Street LLC. Neil Dolgin and Michael Blum of Kalmon Dolgin represented the seller, Abead Realty Corp.

Triangle Equities completes model units at 80-residence Kensington Estates in Woodbury

December 1, 2020

Woodbury, NY Triangle Equities completed two new model residences—The Ascot & The Derby—at Kensington Estates, a 55-and-over luxury community on Long Island’s North Shore. Currently in pre-sales, the first townhomes are anticipated to be move-in ready before year’s end.

The Agency publishes Broome County Dashboard

December 1, 2020

Binghamton, NY The Agency in partnership with data and software experts, eImpact, has developed a new Broome County Dashboard. The Dashboard monitors the economic health of Broome County through providing both baseline data as well as changes to the economy

Wendel welcomes Pietkiewicz as director of project development

December 1, 2020

Buffalo, NY Wendel, a nationally recognized architectural, engineering, energy efficiency and construction management firm, welcomed Michael Pietkiewicz as director of project development. Pietkiewicz’s focus will be on the firm’s national higher education client sector.