Industry mourns loss of Grossman - the garage "art king"
Semone Grossman passed away March 24th. Grossman earned renown throughout the parking and real estate industries as the garage "art king". A self-made Holocaust survivor, he opened his first garage in 1957 and went on to build a parking empire of 45 locations throughout New York City. Grossman believed in beautifying those normally drab garage spaces and was highly respected for revolutionizing the business by decorating his always clean, well-lit garages with his trademark collages of fine-art museum posters and other interesting and innovative aesthetic motifs. Grossman, known for his hard-driving, ebullient spirit and an unmistakable joie de vivre will be missed by his friends, family, associates and colleagues in parking and in real estate.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 247 Leonard St., a multi-family building located in the Williamsburg section of the city, for $2.175
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,