O'Brien and Cohen of M.C. O'Brien, Inc. secure $2.4 million sale

M. C. O'Brien, Inc. has arranged the all-cash sale of 2460 Flatbush Ave. This freestanding medical building of 12,000 s/f stands in the shadow of Kings Plaza in the Marine Park area of the borough. With high visibility on one of Brooklyn's most trafficked streets, this modern building generated significant interest. The sales team of William O'Brien SIOR and Karen Cohen were able to generate numerous offers over an 8 week marketing period. The purchaser closed at $2.4 million or an 8% cap-rate based on the projected rent roll. The buyer was a Manhattan investor represented by Vlad Sapozhikov of OneWorld Property Advisors.

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Investment Property Realty Group closes $3 million sale of 4,350 s/f mixed-use building at 709 Fulton St.

Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 709 Fulton St., a mixed-use building located in the Fort Greene section of the city, for $3 million.

Fintech company Maybern more than doubles footprint at GFP Real Estate’s 10 Astor Place

Maybern more than doubles footprint at GFP’s 10 Astor Place

Dogtopia joins growing tenant mix at Brunswick Shopping Center

GFP Real Estate signs 5,082 s/f of leasing activity at 630 Ninth Ave.

GFP signs 5,082 s/f of leases at 630 Ninth Ave.

Lee & Associates NYC arranges 7,487 s/f lease on behalf of building ownership as Treeswift expands headquarters to 256 West 38th St.

Lee & Associates NYC arranges 7,487 s/f lease for Treeswift at 256 West 38th St.

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Fitzgerald of Largo Capital arranges $3.1 million refinance of Aldi property in Bradenton, Fla.

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Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,

Artificial intelligence in lending - by Lindsay Mesh Lotito

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,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.