News: Spotlight Content

October

Rosales and Ancona of Lee Odell sell 2148 Broadway and 208-210 West 76th St. for $111.25m; props. to become 24-story, 300,000 s/f mixed-use tower Levy of Adams rep. tenant and landlord in 23,050 s/f lease renewal at 48 West. 37th St.; ASI System Integr. signs for third and fourth floors O'Connor Capital Partners completes $86m sale of 102,842 s/f to Madison Capital; retail condo in Manhattan House, 200 East 66th St. Fantini & Gorga arranges $8.1m for Richmond Co. 10.7 acre parcel; Stop & Shop Supermarkets is lessee-plans to build 50,000 s/f store Haque of Extreme Rlty. arranges $4.425m sale of Queens walk-up; 47-60 39th Pl. contains 32 apartments throughout four stories-22 units vacant Agha of Largo secures $1.5m permanent first mortgage; 136,320 s/f G&A Warehouse in Niagara Falls leased to Seneca Niagara Gaming Kleinberg and Staudigel of Tri-State Props. broker $8 million sale of 15,900 s/f Rite Aid in Huntington; seller assisted by Abrams of Premier Props. Niblock of Freidman-Roth represents seller in $6.45m sale in Manhattan; Gluck, Santos and Guarino of Extreme Realty procure buyer Keefe of HK Group serves as sole broker for $82.25 million sale in White Plains; Onyx Equities and Urdang Capital Management are sellers Sabatino of Realty USA completes $1.6m sale of Grandma's Pie Shop in Albany; 160-seat restaurant sold to Fagan, owner of Ralph's Stewart of Cronheim arranges $42.857m sale of Super Wal-Mart parcel; 216-519 s/f part of 249,842 s/f Republic Plaza, Poly-Jaz Realty is developer Crown Acquisitions purchases 1553 Westchester Ave. for $6m; AT&T to anchor the property-represented by Winick Rlty. in 2,500 s/f lease R Squared Real Estate Partners tops out $45 million project at 34 Leonard in Manhattan-designed by Beyer Blinder Belle Architects & Planners Levien & Co. completes construction of 27,000 s/f facility for NYU's Inst. for the Study of the Ancient World at 15 East 84th St., Manhattan Hirsch and Abrams of Meridian arrange $32 million for 134,992 s/f building in Garden City; five-year fixed term negotiated for Jonis Realty Molfetta of the LIDC finances $2.302m SBA 504 loan for McKeon; part of a $5.579m financing package to buy 4.179 acres in Brookhaven Cooper-Horowitz, Inc. completes a total of $184.4m for seven properties in New York City; includes $75m by David Horowitz and Barbato SL Green finances two Midtown properties totaling $410 million; The Royal Bank provides $285m, DekaBank provides $125m Ross of Besen & Associates closes $11.675 million sale of 95-unit Bronx hotel property: 33,000 s/f Capri Whitestone Hotel in Ferry Point area Belyi of Greiner-Maltz completes Queens transactions totaling $7.8m; includes sale of 23-23 Borden Ave. in Long Island City for $5.3m Rafael Viñoly Architects opens new $49m building at Brooklyn Children's Museum; part of $80m expansion slated to receive LEED certification Meltzer/Mandl Architects completes design for 62,000 s/f Gold St. Apartments; team includes Severud Assoc., TSF Eng. and MJM Const. Kevelson of Manhattes Group represented the landlord and tenant in a 10,992 s/f lease at 345 East 102nd St.; Glenwood Mgmt is owner Jungreis of Rosewood Realty Group represents buyer, Herald Realty and the seller, IJD Realty for 58-unit, 61,000 s/f elevator building Robert Knakal of Massey Knakal Realty Services brokers 1,000th sale in Manhattan: 301 East 69th St. on Upper East Side sold for $4.5m Rappaport of Sinvin Realty represents Kim's Video and Music in 10-year lease of 1,750 s/f at 124 First Ave.; Irynak, LLC is property owner Goldschmidt & Associates completes 13,030 s/f at Loehmann's Shopping Center; Goldstein of Goldstein and Toscano of Joseph Anthony assist Von Der Ahe adn Koicim of Marcus & Millichap close on sale of 650 9th Ave. in Manhattan; mixed-use building sells for $8.2 million
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Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
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Formal Legislative Role

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