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JCS Realty launches leasing at ONE38 - 579-units, 12-stories
June 11, 2024
Bronx, NY JCS Realty has launched leasing at ONE38, a new 12-story ground-up rental development located in the Mott Haven neighborhood. Located at 138 Bruckner Blvd., between Bruckner Blvd. and St. Ann’s Ave., the full-service luxury rental building offers 448 market-rate and 131 affordable modern apartments
MAG Partners tops out two residential
towers under the Affordable NY program
June 11, 2024
Manhattan, NY Real estate company MAG Partners celebrated the topping out of two new residential towers, a milestone for the woman-owned firm and the next step toward adding housing to the city. The team is delivering nearly 400-units of mixed-income housing on these two properties.
Commercial Classroom: Office Market - by Edward Smith Jr.
June 11, 2024
“Marker Reports” has reported the U.S. market closed 2023 with office sales being 60% less than 2022. In a CNBC interview with Dan Peebles, CEO of Peebles Corporation, he cited that, “Washington, DC real estate values are down 60 to 70% in commercial office
Carswell of Largo Real Estate Advisors secures financing for two separate assets
May 28, 2024
Passaic County, NJ Dave Carswell, managing director at Largo Real Estate Advisors, Inc. secured acquisition financing for two separate assets in the Tri-state area. The first was a value-add industrial transaction in Passaic County
CIBS announces Board appointments for 2025
June 11, 2024
Melville, NY The Commercial Industrial Brokers Society of Long Island (CIBS) announce the election of two new members and the re-election of two members to the governing board as the organization looks ahead to another year of growth, advocacy, and regional impact
Portelli & Gallishaw of Highcap Group sell East Village property
May 28, 2024
Manhattan, NY Christen Portelli, co-founder & principal and Ty Gallishaw, investment sales associate, of Manhattan based Commercial Real Estate firm Highcap Group, have completed the sales transaction located at 234 East 7th St.
NAR property management forum highlights critical conversations on rent control, tenant protections,...
June 11, 2024
Washington, DC The annual Property Management Forum held at the Realtors® Legislative Meetings brought together industry leaders, members of local and state associations of Realtors®, federal advocacy organizations, and professionals from across the property management spectrum to discuss pressing
NYSCAR professional development schedule
June 11, 2024
April 17-May 2, NYSCAR past president Edward Smith, Jr., instructed 22.5 hours of education with his CIREC course. The CIREC program is aimed at those practitioners entering the commercial real estate industry and as a refresher to those who have been in the business for
Join NYSCAR in Boston Nov. 8-10 for NAR NXT, The Realtors Experience
June 11, 2024
strong>Boston, MA NAR NXT combines the power of industry-leading speakers, expert education and networking opportunities with 15,000+ attendees in Boston, MA for the year’s premier real estate conference.
June 2024 NYS Commercial Assn. of Realtors president’s message - by Robert Strell
June 11, 2024
It’s a busy time of year! I look forward to seeing many of you at the NYSCAR Annual Conference June 24-26, 2024, which will be held at Rivers Casino in Schenectady. We are happy to have Joe Larkin, CCIM, SIOR back to instruct two classes for the attendees! As always, we look forward to the marketing session
Luisi joins Harris Beach
June 11, 2024
Albany, NY Harris Beach welcomed a former regional director of the nine-county Capital Region for the New York State Department of Environmental Conservation (DEC) as senior counsel in its commercial real estate practice group.
Taylor honored at 40th anniversary event
June 11, 2024
East Rochester, NY On May 22nd, friends and family gathered with past and present employees to honor Richard Taylor, one of the original founders of R-J Taylor General Contractors (now doing business as TAYLOR – The Builders) a leading regional and national commercial general contractor. The private
Olshan Properties welcomes three new retailers to Northway Mall
June 11, 2024
Colonie, NY According to Olshan Properties, Mattress Firm, Mission BBQ and Club Pilates have opened at Northway Mall, its 480,000 s/f, retail property. These new additions follow the completion of the redevelopment of the standalone Building E that houses the new retailers.
Lavelle of Widewaters Group leases 31,242 s/f at
Urban Edge Properties’ Amherst Commons
June 11, 2024
Amherst, NY Urban Edge Properties said that Bob’s Discount Furniture has leased 31,242 s/f at Amherst Commons, taking a portion of a former TJ Maxx store. Located near Buffalo, Amherst Commons is a power center offering wholesale and discount brands as well as fitness services, including Five Below,
More contaminated commercial real estate being discovered every day - by Chuck Merritt
June 11, 2024
After thirty years of environmental consulting, I will be the first to admit this statement is a bit overkill. In addition, we have performed thousands of inspections which rendered a “clean” phase one Environmental Site Assessment (ESA). However, the term “clean” is subjective and can mean different things to different
The tax implications of repurposing commercial properties - by Brad and Sean Cronin
June 11, 2024
Repurposing commercial real estate is becoming an increasingly popular trend on Long Island, driven by shifts in market demands, economic pressures, and development strategies. As these properties are transformed from their original commercial uses into residential, mixed-use, or other forms
Frisoni of Forchelli Deegan Terrana admitted to New York State Bar
June 11, 2024
Uniondale, NY Caroline Frisoni was admitted to the New York State Bar on May 15, 2024 thereby beginning her position as an associate in Forchelli Deegan Terrana LLP’s corporate and mergers & acquisitions practice group. Frisoni has been a law clerk at the firm since the fall
Twomey Latham elevates Reichert to partner
June 11, 2024
Riverhead, NY Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP has elevated Martha Reichert to the role of partner. She joined the firm in 2020 as an associate. In addition to being partner, Reichert is co-chair of the firm’s land use and zoning group. She
Suffolk IDA preliminarily approves investment and job retention commitment for Leviton Mfg.
June 11, 2024
Hauppauge, NY The Suffolk County Industrial Development Agency (SCIDA) has preliminarily approved a transaction to support Leviton Manufacturing Co., Inc. in retaining and improving their existing global headquarters at 210 N. Service Rd. With the SCIDA’s support, Leviton will commit to a lease extension
Raffa of Island Associates leases
1,000 s/f to XTech
June 11, 2024
Bay Shore, NY Robert Raffa from Island Associates leased up a roughly 1,000 s/f unit located in a 10,800 s/f industrial building at 333 North Spur Dr. to XTech Systems. XTech Systems designs and installs FDNY Auxiliary Radio Communication Systems (ARCS). These systems as of 2014 are a required system