Ground was broken for a 260,000 s/f shopping center called West Shore Plaza, which will feature the first Caldor store to come to Staten Island and the second to be built in New York City, according to Philip Pilevsky, a partner of Meridith Avenue Associates, the developer. Caldor will be the anchor store at the plaza.
The plaza is a development of Meredith Avenue Associates, a partnership of Pilevsky, president of Philips International; Hank Luwisch, president of Hamilton Construction; and Joseph Sauerhoff, president of Sauerhoff-Kessler Realty Corp. - all New York-based real estate firms.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.
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,
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
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