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Overview of Long Island commercial real estate market report – second quarter 2018 - by Ron Koeni...
September 4, 2018
The mid-year stats on how commercial real estate performed on Long Island are out. In this market report we’ll be looking at Long Island’s commercial real estate market success in the second quarter. Arming you with details and statistics, this report will include Long Island’s retail, office, and industrial markets. To most easily digest this information, we will break it down simply by market with a focus on three key factors: vacancy rates, rental rates, and cap rates.
Reading the phase one environmental site assessment:
We are all environmental risk assessors - b...
September 4, 2018
The title of the article is not designed to transfer responsibility of those with environmental expertise to those who do not possess that skill set or experience. Yet everyone involved in a transaction that reads a phase one environmental site assessment (ESA) or at least the conclusion section, must assess its contents.
Hunt Corp. Question & Answer: Peak parking lots
September 4, 2018
Q: We will be closing on a building within a month. It has a parking lot that is beginning to show its age, probably about 20 years old. What sort of preventative maintenance is appropriate for parking lots?
Magnum Real Estate’s 389 E. 89 condominium tower is 90% sold
September 4, 2018
Manhattan, NY Premier condominium tower 389 E. 89, a 33-story residential offering on the Upper East Side, was the neighborhood’s top selling new development project in the first half of this year, according to Corcoran Sunshine Marketing Group. Selling 15 residences within the first six months of the year, including a three-bedroom penthouse for $4.8 million, 389 E. 89 is now 90% sold.
Executive of the Month: Schwartz, principal of Fort Amsterdam Capital: Provides user-friendly bridge...
September 4, 2018
New York, NY In 2015, David Schwartz launched Fort Amsterdam Capital (FAC) to become a lender of capital to his building owner peers. He is currently focused on connecting with local real estate owners in Brooklyn, Manhattan, Queens and the Bronx to supply bridge financing. Currently, he serves as principal of the company. He sat down with the New York Real Estate Journal for a question and answer session.
