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The dark reality behind New York City's photoluminescent glow-in-the-dark safety laws - by Robert Ka...
March 25, 2025
In July 2006, five years after the tragic events of September 11, 2001, New York City introduced Local Law 26, a measure symbolizing a collective resolve to prioritize safety in the face of disaster. The law mandated the installation of building code-compliant photoluminescent
Capitol Fire Sprinkler begins new installation and system upgrades at 40,000 s/f 92nd St. Y
March 25, 2025
Manhattan, NY Capitol Fire Sprinkler has been retained for a second project at the 92nd St. Y. The fire protection firm is providing system upgrades at the cultural and education center, located at 1395 Lexington Ave.
Strader of Silverstein Properties leases 11,465 s/f to GACC NY at 120 Wall St.
March 25, 2025
Manhattan, NY Silverstein Properties signed a relocation agreement with the German American Chamber of Commerce in New York (GACC NY) at 120 Wall St. Established over 75 years ago to promote commerce between Germany and the United States,
What is estoppel? - by Thomas Kearns
March 25, 2025
While real estate professionals should be familiar with the term “estoppel,” the legal doctrine of estoppel has a surprisingly wide reach. Estoppel is a legal principle that prevents someone from denying a fact that they previously agreed to. In real estate,
McHugh Furnishings acquires Professional Furnishings & Equipment
March 25, 2025
Uniondale, NY McHugh Furnishings, a provider of specialty furnishings for education, healthcare, entertainment, and multifamily housing has acquired Professional Furnishings & Equipment (PFE), a Buffalo-based company with additional offices in Syracuse and
City of Yes for Housing Opportunity: Improving the ability to transfer a landmark's development righ...
March 25, 2025
New York City real estate owners and developers have long asked us about transferring unused development rights from an individual landmark to a site across the street, through a 74-79 Special Permit issued by the City Planning Commission (CPC). While these transfers have
Ariel Property Advisors arranges $27 million in loans
March 25, 2025
Brooklyn, NY The Capital Services Group for Ariel Property Advisors (Ariel) arranged nine separate financing transactions totaling more than $27 million for properties in Brooklyn, Upstate New York, Connecticut, Pennsylvania, Texas and New Mexico. These
Bradford Allen leases 50,000 s/f at Cohen Brothers Realty's 750 Lexington Ave.
March 25, 2025
Manhattan, NY Bradford Allen negotiated the completion of 50,000 s/f of new leases at 750 Lexington Ave. in the Plaza District. Glenn Isaacson, the firm’s New York market leader, and Tony Builder, senior associate, represented building owner Cohen
Brisa Builders and PMG Affordable secure $51.7 million funding for 92-unit affordable housing projec...
March 25, 2025
Queens, NY Brisa Builders Development LLC and PMG Affordable have secured $51.7 million in financing for 19-19 Cornaga Ave., a nine-story, 92-unit affordable housing project designed by Paul Castrucci Architects and located in the Downtown Far Rockaway Special
The state of commercial real estate debt markets - by Michael Zysman
March 25, 2025
Today’s banking environment for commercial real estate can be defined as a period of low liquidity and lingering distress. Much of this distress is due to banks having made aggressive loans in the COVID era, coupled with the functional obsolescence of many
Greater Binghamton Chamber of Commerce joins The Manufacturers Alliance of NY
March 25, 2025
Binghamton, NY The Greater Binghamton Chamber of Commerce has joined The Manufacturers Alliance of New York, led by MACNY, The Manufacturers Association, to bolster manufacturing advocacy and workforce development in the southern tier region. The Alliance
Callahan Construction completes Rose Associates’
440-unit Alexander Crossing apartment communi...
March 25, 2025
Yonkers, NY Callahan Construction Managers (Callahan) has completed construction of the new Alexander Crossing apartment community. The seven-story project was developed by Rose Associates and designed by Perkins Eastman.
Phillips of Largo Real Estate arranges $6.5 million refinancing
March 11, 2025
Buffalo, NY Jack Phillips, Principal at Largo Real Estate Advisors, Inc., arranged a permanent first mortgage to refinance the existing debt on a six-property portfolio consisting of medical office, retail, and office properties
Scale Lending providing a $79 million loan to Silver Sky Global Capital
March 11, 2025
Sarasota, FL SCALE Lending, Slate Property Group’s debt financing arm, is providing Silver Sky Global Capital, a real estate development firm with expertise with multifamily and condos, with a $79 million loan for the construction
Commercial Classroom: Understanding Tenants-in-Common and Delaware Statutory Trusts - by Edward Smit...
March 11, 2025
1031 Tax Deferred Exchanges started over a hundred years ago, in 1921. Generally, when an investment property is sold, one must pay capital gains taxes. With the 1031 Exchange, if another property is bought at that time the capital gains
Ross of Largo Capital secures $16.8 million in financing
March 11, 2025
Montréal, QC Kevin Ross, managing director at Largo Capital Limited, secured a permanent first mortgage to finance the acquisition of a grocery-anchored shopping. The fully leased property spans over 80,000 s/f and is
Cronheim Hotel Capital secures $47 million for the acquisition of Springhill Suites and Marriott Atl...
March 11, 2025
Atlanta, GA Cronheim Hotel Capital (CHC) has secured $47 million for the acquisition of the SpringHill Suites and Marriott Atlanta Northwest at Galleria. The financing features full-term interest only for five years on a non-recourse
Avatar Financial Group LLC provides $7 million financing for 3 medical office buildings
March 11, 2025
Flagstaff, AZ Avatar Financial Group LLC (“Avatar”), a leading Seattle-based national bridge lender specializing in commercial real estate, has closed on a $7-million bridge loan secured by a portfolio of three medical
Shawmut Design and Construction marks 10th annual women in construction week with events, panels, an...
March 25, 2025
Boston/New York/Los Angeles Shawmut Design and Construction, a leading $2 billion national construction management firm, marked its 10th annual Women in Construction (WIC) Week with a series of events, panel