News: Owners Developers & Managers

Zaid joins Sierra Realty as senior vice president

Sierra Realty Corp., has hired Gary Zaid, an accomplished project management specialist with more than two decades of experience in the field, as senior vice president of residential property management, according to James Wacht, president of the full-service New York-based real estate firm. Prior to joining Sierra, Zaid served as owner's representative at A. S. Realty Partners where he negotiated $37 million in sales and managed $14 million in construction projects. Zaid is the former president and CEO of G.S. Universal Construction, Inc., a New York-based company that managed more than $90 million in projects including the $75 million Chelsea Towers at 100 West 26th St. and the landmark Carl Fisher Building at 62 Cooper Square. "Gary's impressive portfolio underscores his industry expertise, shrewd business sense and versatility in all areas of project management," said Wacht.
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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.
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
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