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In Broome County, responsible development starts before construction - by Stacey Duncan
August 25, 2026
When people hear about a proposed development like the Broome Technology Park, their first questions are naturally about what could eventually be built there. What kind of company could come? How many jobs could it create?
New IRS opportunity zone guidance: Key transition rules for real estate industry - by Sandy Klein
August 25, 2026
As the Qualified Opportunity Zone (QOZ) program moves from the Original Opportunity Zone regime (QOZ 1.0) to the new framework beginning in 2027 (QOZ 2.0), a recently released notice from the IRS provides important transition guidance.
Fuel, nourishment and pleasure: A master plan for Alley Pond Golf Center - by William Gati
August 25, 2026
Every good building answers a simple question: what does this place give the people who walk into it? At Alley Pond Golf Center in Douglaston, Queens, the answer came in three parts — fuel, nourishment and pleasure — and
Slow moving cap rates - by John Rynne
August 25, 2026
Since the 4th quarter of 2025, 10-year treasuries are up 50-60 basis points compared to the first part of August. As you know, 10-year treasuries are one of the important benchmarks for mortgage interest rates. Right now,
The Great Realignment: Mid-2026 U.S. commercial real estate update - by Michael Packman
August 25, 2026
As we find ourselves past the midpoint of 2026, there continues to be a healthy sense of realism across the commercial real estate market. The frantic price discovery of the early 2020s has given way to a period of strategic
Non-primary residence surcharge rollout raises questions of fairness, due process and administration...
August 25, 2026
Unfortunately, all my worst fears regarding mayor Mamdani’s “tax the rich” non-primary residence surcharge (NPRS) aka pied-à-terre tax have come to fruition. You only need to listen to the July 9th New York City Department
CBRE broker $14.9 million sale of Lexington Riverview in Fair Lawn, N.J.
August 24, 2026
Fair Lawn, NJ Representatives of CBRE, led by Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer, and Eric Greenberg of CBRE Institutional Properties, in partnership with Charles Berger of CBRE Investment Properties,
Carvel, Cinnabon and Auntie Anne’s to open combination location at One Sixteen in Rockaway Park
August 24, 2026
Queens, NY A new Carvel, Cinnabon and Auntie Anne’s combination store is coming to One Sixteen, Marcal Group’s mixed-use development at 133 Beach 116th St. in Rockaway Park, following a 10-year retail lease
Commercial Classroom; Pricing investment properties - by Edward Smith Jr.
August 21, 2026
A potential buyer will want to see how the property is expected to perform this year and in the future. We start by creating an Operating Statement or Proforma, which is a projection of the
CoStar Group completes acquisition of Zonda, expanding into new home data, analytics and online mark...
August 21, 2026
Arlington, VA CoStar Group, Inc. has completed its acquisition of Zonda, a provider of new home construction data, homebuilder software and residential real estate marketplaces, for $800 million in cash.
Nineteen Forchelli Deegan Terrana attorneys named to 2027 The Best Lawyers in America and Best Lawye...
August 20, 2026
Uniondale, NY Forchelli Deegan Terrana LLP’s chairman and co-managing partner, Jeffrey Forchelli, was selected by his peers for inclusion in the 33rd edition of The Best Lawyers in America for land
Bringing Virtual Doormen to New York residences
August 20, 2026
New York, NY Colin Foster is the founder and chief innovation officer of Virtual Service and the creator of Virtual Doorman, the pioneering remote building-wide entry and access management platform for residential buildings.
Summer Restaurant Week debuts new openings and exceptional dining in the 42BELOW neighborhood
August 20, 2026
Manhattan, NY Summer Restaurant Week has concluded on August 16th, with more than 600 participating restaurants offering prix-fixe lunch and dinner menus. While exceptional dining can be found throughout the city, 42BELOW offers one of the city’s most diverse collections of dining experiences, replete with Michelin-starred chefs, and spanning refined steakhouses to K-town standouts, all within the same Midtown South neighborhood.
Places app by Raya builds network of restaurant recommendations in the 42BELOW neighborhood
August 20, 2026
Manhattan, NY Inside one particular pocket of Midtown South — the stretch running roughly from the southern edge of Times Square down through the Garment District and Koreatown, and from Bryant Park to Eight Ave. Some locals have started calling it “42BELOW,” and the restaurants, bars, and cafés packed into it are becoming favorites among one of the city’s most discerning communities.
Hirschen Singer & Epstein elevates Stark to partner
August 20, 2026
Manhattan, NY Hirschen Singer & Epstein LLP (HSE) has elevated Benjamin Stark to partner. Stark focuses his practice on zoning and land use law and has been an integral part of the firm’s ability
Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights
August 19, 2026
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.
After the lease is signed: What New York City’s office moves reveal about the changing workplace -...
August 25, 2026
Signing a new office lease may feel like the end of a long process, but in many ways, it is just the beginning. Once the lease is signed, businesses have to turn decisions made on paper into a functioning workplace. Furniture needs to be
Arrow Real Estate Advisors arranges $105 million lease-up refinance for 184-unit The Pecora
August 25, 2026
Queens, NY Arrow Real Estate Advisors arranged a $105 million lease-up refinance on behalf of Watermark Capital Group for The Pecora, a newly delivered Class A multifamily property located at 41-10 Crescent St. in Long Island City. The financing was secured
Bow, Romeo and Caliban of The Durst Organization sign 11,223 s/f of leases at 1133 Avenue of the Ame...
August 25, 2026
Manhattan, NY The Durst Organization closed three leases totaling 11,223 s/f of prebuilt office suites on the 27th floor of 1133 Avenue of the Americas, completing the prebuilt program at the building. Quantexa, a data analytics and AI software
Damiani of Rand Commercial brokers sale of 25,000 s/f flex building
August 25, 2026
Valley Cottage, NY Rand Commercial negotiated the sale of a 25,000 s/f flex building located at 153-163 Rte. 303. James Damiani, NYS real estate associate broker with Rand Commercial, represented both the seller and buyer.
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