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Effects of the NAR settlement in New York: Buyer beware - changes to buyer agency agreements - by J...
October 14, 2024
Although the National Association of Realtors (NAR) does not directly affect New York State, the New York State Association of Realtors (NYSAR) is following the lead of NAR and is complying with the terms of the NAR settlement.
The Domain Companies to open The Shop at 420 Carroll in early 2025
October 15, 2024
Brooklyn, NY The Domain Companies’ development The Shop Workspace will open in early 2025 at 420 Carroll, a mixed-use, mixed-rate development that will bring 360 new homes to Gowanus following the 2021 rezoning. The Shop is a coworking community
Nouvini Property Investments expands portfolio with retail acquisition
October 14, 2024
Greenlawn, NY Nouvini Property Investments, LLC has acquired an 8,400 s/f retail property located at 233 - 243 Broadway.The property was acquired all-cash for $3.05 million and closed within 60 days of contract. Triple Net Brokers represented both buyer and seller in this
Forchelli Deegan Terrana LLP
opens Hauppauge office
October 15, 2024
Hauppauge, NY Forchelli Deegan Terrana LLP opened a Suffolk County office at the 100 Motor Pkwy. This class professional office building is located at the gateway of the Hauppauge Industrial Park, and is accessible off of the LIE and Northern State Pkwy.
Murphy and Khan of ERG Commercial Real Estate deliver $600,000 loan on 8,579 s/f Lynbrook office bui...
October 14, 2024
Lynbrook, NY ERG Commercial Real Estate brokered a $600,000 line of credit on an office building allowing the owner to invest in other properties. The loan was a five-year interest-only floating rate with the flexibility to access funds as needed on the 8,579 s/f office building with 11 units at 347-341 Merrick Rd.
Executive of the Month: Q&A with David E. Gross,
AIA, Executive Partner at GF55 Architects
October 15, 2024
David E. Gross, AIA, Executive Partner at GF55 Architects, inspires through his leadership, innovation, and dedication to design solutions. His legacy extends beyond the individual buildings that his firm has created – to the neighborhoods that have been shaped by GF55.
Appraisals supporting conservation easements are in the crosshairs of the IRS - by David Wilkes
October 15, 2024
Restrictions placed on the use of land or buildings for conservation purposes have for many years been driven in part by syndicated conservation easements, in which a pass-through business entity acquires real property on behalf of investors, makes a conservation contribution to a qualified organization,
ERG Commercial brokers $7.5m loan for Skyland Management
October 15, 2024
Manhattan, NY ERG Commercial Real Estate brokered a $7.5 million bridge loan to allow the borrower, Skyland Management, to refinance existing debt on three adjoining vacant lots. The consecutive lots, 120-124 Lexington Ave., totaling 4,647 s/f,
Global Holdings’ residential tower Anagram Columbus Circle fully leased
October 15, 2024
Manhattan, NY Global Holdings’ luxury residential tower, Anagram Columbus Circle, has achieved full occupancy. All 123 apartments within the 26-story property offer chic, condo-level design and luxe amenities package, all within a prime location.
RockFarmer Properties appoints Krantz head of capital markets
October 15, 2024
Douglaston, NY RockFarmer Properties, a fully integrated real estate development and investment firm, appointed David Krantz as the company's new head of capital markets. With over 22 years of experience in the real estate industry, Krantz brings a wealth of knowledge
The Doe Fund with Robert Sanborn Development open 98 affordable apartments
October 15, 2024
Bronx, NY The Doe Fund, a homeless services nonprofit with an award-winning portfolio of affordable and supportive housing, has received a Temporary Certificate of Occupancy (TCO) for its newest residence — certifying that the building is in working order and tenants can begin moving in.
Napolitano joins MRI Software as VP, product innovation
October 15, 2024
New York, NY MRI Software has appointed Robb Napolitano as vice president, product innovation. In this role, Napolitano will spearhead the continued growth and evolution of MRI’s affordable and public housing solutions, including the recently launched MRI PHA Pro, an integrated solution for public housing and voucher management compliance.
LCOR holds grand opening
for 1515 Surf - 463-unit community
October 15, 2024
Brooklyn, NY LCOR, a real estate investment, development and management firm, has commenced the grand opening and completion of 1515 Surf, a new waterfront residential community that includes 463 units in the Coney Island neighborhood.
TF Cornerstone launches first phase of leasing at 2-20 Malt Drive - 575 units
October 15, 2024
Queens, NY TF Cornerstone (TFC) has launched leasing at its newest development on Malt Dr. Spanning 1.43 million s/f, the two-building, three-tower development is the firm’s ninth residential waterfront project to rise in the desirable Hunter’s Point South neighborhood.
Hunt Corp. commercial real estate question & answer: Dual agency - by David Hunt
October 14, 2024
Q: We are in the process of hiring an exclusive broker to represent us in leasing office space for our new corporate headquarters. He mentioned the possibility of dual agency in handling this assignment. What is dual agency and how would it affect us?
The Moinian Group elevates Meir to AVP
October 15, 2024
Manhattan, NY The Moinian Group has promoted of Adin Meir to associate vice president (AVP) of energy and sustainability. Within this new role, Meir will continue to develop and execute asset specific strategies to reduce the energy and carbon use across the firm’s portfolio
How the Nassau County Industrial Development Agency succeeds in bringing business, housing to the co...
October 14, 2024
Mineola, NY Total Fire Protection, which inspects, installs, and services fire suppression systems, completed extensive renovations to a 31,250 s/f building in Woodbury and moved its operations and 200 jobs from Brooklyn and Bellmore.
Two new entertainment venues, ELEMENTAL and Double Tap Lasser, open their doors at Samanea New York
October 14, 2024
Westbury, NY ELEMENTAL, a MindTravel exhibit by composer/pianist Murray Hidary, and Double Tap Laser, a target shooting range without real firearms or live ammunition have opened at Samanea New York, 1500 Old Country Rd. “Samanea New York is excited to welcome these two new entertainment venues,” said Dominic Coluccio, director
Westchester County IDA approves WBP Development’s $94m housing complex
October 15, 2024
White Plains, NY The Westchester County Industrial Development Agency (IDA) voted on August 29 final approval of financial assistance for construction of a $94 million all-affordable apartment complex located in the Village of Ossining.
Campi-Conde of NAI Long Island leases 9,848 s/f at Riverhead Office Park to Long Island Select Healt...
October 15, 2024
Riverhead, NY NAI Long Island disclosed that Marian Campi-Conde completed a long-term lease transaction for 9,848 s/f of medical office space at the Riverhead Office Park, 877-905 East Main St. on behalf of Long Island Select Healthcare (LISH). Campi-Conde represented the tenant.
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