Category: Brokerage
Question of the Month: Did you know about the new legislation requiring buildings to cut greenhouse ...
September 17, 2019
The Climate Mobilization Act – a package of bills representing an action plan for cutting greenhouse gas emissions across the five boroughs – states that buildings larger than 25,000 s/f must reduce their emissions by 40% by 2030 and by 80% by 2050.
Cohen and Bernstein of Besen Partners facilitate $1.035 million sale
September 17, 2019
Brooklyn, NY Besen Partners has completed the sale of 3137 Fulton St., a two-story, 3,368 s/f mixed-use building with two apartments and a store. The subject is located in the Cypress Hills neighborhood. Besen Partners exclusively
Savills arranges sale for Lafayette Avenue, LLC
September 17, 2019
Bronx, NY Savills Capital Markets represented Lafayette Avenue, LLC in the sale of the land underlying the Banknote Building.
Davis of Largo secures two loans totaling $5.3 million
September 17, 2019
Johnson City, NY Aaron Davis, account executive of the Largo Group of Cos., arranged $5.3 million to refinance the existing debt on two multifamily properties owned by two separate clients.
Bestreich, Davila, Reynolds and Reynolds of BRG close $2.2 million development site sale between Pag...
September 17, 2019
Queens, NY Bestreich Realty Group, (BRG) closed the sale of 314 Woodward Ave., located in the Ridgewood neighborhood. This development site was sold for $2.2 million.
Hudson Valley Property Group buys 311 units for $48.3 million; CBRE Affordable Housing and CBRE’s ...
September 17, 2019
Yonkers, NY CBRE Affordable Housing and CBRE’s New York Institutional Group have completed the sale of the 311-unit, affordable housing community known as Parkledge. The property sold to Hudson Valley Property Group
studioBIG designs space for Upper East Chemists
September 17, 2019
Manhattan, NY Upper East Chemists, a family-owned drug store and neighborhood purveyor of natural health products, has opened at 1401 3rd Ave.
SOCOTEC Group acquires ArchEng, holding company of five legal entities including Vidaris
September 17, 2019
New York, NY According to SOCOTEC Group, a major player in risk management and asset performance optimization, that on July 22, 2019 it had acquired ArchEng, the holding company of five legal entities: Vidaris, Inc.;
ABS Altman Warwick negotiates $8.5 million loan for Wharton Properties
September 17, 2019
New Rochelle, NY According to ABS Altman Warwick, a capital market advisory firm and division of ABS Partners Real Estate, they have the closed an $8.5 million loan on behalf of Wharton Properties for its
RP-5217 transfer report can affect future real estate taxes - by John Terrana and Gabriella Botticel...
September 17, 2019
All real estate lawyers are familiar with the RP-5217 Form. You know the one; that mandatory transfer report that must be filed before a conveyance of real property can be recorded, which lists the property information, the sale price, circumstances of the sale and identifies the buyer.
$6 million Gerard Place Community Center project in Buffalo completed
September 17, 2019
Buffalo, NY According to governor Andrew Cuomo, the $6 million transformation of a former parish hall into the new Gerard Place Community Center on the city’s East Side has been completed. Gerard Place works to
Public Relations: New rent regs pose communication challenge - by Harry Zlokower
September 17, 2019
Sweeping changes in rent control laws, resulting in benefits to tenants, mobilized the real estate industry earlier this summer into a forceful campaign of lobbying, paid advertising, and organized demonstrations. Using reasoned arguments and projections, the industry attempted to thwart the legislation by demonstrating to politicians and
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