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Martielli joins Twomey Latham as special counsel
April 16, 2024
Riverhead, NY Marina Martielli has joined Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP as special counsel. She concentrates her practice in civil litigation, land use and zoning, divorce and family law,
Levin Management Corp. brings Bubbakoo’s Burritos to Old Bridge Plaza
April 16, 2024
Hicksville, NY Bubbakoo’s Burritos is coming to Old Bridge Plaza. The 1,200 s/f lease brings the retail property to 100% occupancy. Levin Management Corp. (LMC) serves as exclusive leasing and managing agent for Old Bridge Plaza, located at 180 West Old
Hunt Corp. Commercial Real Estate Q & A: Cashing in your chips - by David Hunt
April 16, 2024
We have owned a 50,000 s/f warehouse building that houses our distribution business for many years. What is the best way to unlock the equity in the building in this hot real estate market?
Huszar joins Forchelli Deegan Terrana as partner
April 16, 2024
Uniondale, NY Thomas Huszar has joined Forchelli Deegan Terrana’s (FDT) corporate and mergers & acquisitions practice group as a partner. Huszar is an experienced business attorney with a diversified corporate
Hempstead Industrial Development Agency gives preliminary OK for Floral Park project
April 16, 2024
Floral Park, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA) said the agency granted preliminary approval to a package of economic development incentives that will assist a developer
Metro Realty Services handles three sales totaling $4.65 million
April 16, 2024
Lindenhurst, NY Jeremy Hackett and Andrew Blumenthal of Metro Realty Services, LLC sold 10,023 s/f at 633 N Queens Ave. to V&J Auto for $2.65 million. Hackett and Blumenthal represented the seller, Frank and
Simone Development Companies renews 23,021 s/f lease with Northwell Health
April 16, 2024
Lynnbrook, NY Simone Development Companies has signed a long-term lease renewal with Northwell Health, Inc. for the entire three-story, 23,021 s/f medical office property located at 733 Sunrise Hwy. Simone Development Companies was represented by in-house leasing and legal teams.
Chang of Highcap Group sells 82-room
Comfort Inn Hotel for $14 million
April 16, 2024
Syosset, NY Highcap Group has negotiated the sale of the Comfort Inn Hotel located at 24 Oak Dr. for $14 million. Senior director, Charles Chang represented the seller and purchaser in this transaction. This is the first time the property has traded hands since it was originally developed in 1989.
Chang of Highcap Group completes $15 million sale of development site
March 26, 2024
Manhattan, NY Highcap Group has completed the sale of 245-247 West 34th St. for $15 million. Senior director, Charles Chang negotiated the transaction. The 4,500 +/- s/f
Cohen of Refined CRE arranges $6.2 million loan
March 26, 2024
Brooklyn, NY According to Refined CRE, senior capital advisor, Peter Cohen, has successfully arranged bridge financing for an 11-unit multifamily property
Cohen & Dunn of Refined CRE arrange $2.45 million sale
March 26, 2024
Bronx, NY Refined CRE has completed the $2.45 million sale of 1916 Longfellow Ave. located in the West Farms market.
M&T Realty Capital Corporation provides $414.83 million for a multifamily housing property
March 26, 2024
Brooklyn, NY M&T Realty Capital Corporation has completed the closing of a $414.829 million Freddie Mac conventional loan for Brooklyn Crossing, an 858-unit multifamily housing property
Unforgettable Experiences await at UBS Arena
March 26, 2024
Elmont, NY Boutique hospitality has found a home for live entertainment in New York. The metro area’s newest premier entertainment and sports venue, UBS Arena, was made for music
True Storage completes second New York conversion
March 26, 2024
Tonawanda, NY True Storage completed its second self-storage development in New York this past week. This location marks the companies 27th completed self-storage development and is
Meridian Capital Group arranges $16.5 million in construction financing for mixed-use property
April 1, 2024
Queens, NY Meridian Capital Group arranged $16.5 million in ground-up construction financing for a mixed-use property consisting of multifamily and retail space at 183-03 Hillside Ave.
Bifurcating management and economics in LLCs - by Thomas Kearns
March 26, 2024
Limited Liability Company (LLC) statutes are knownto expressly permit business people to separate the right to manage a particular LLC from the right to receive the profits of the business. LLC managers may be appointed who have no or limited rights to receive the profits of
Shawmut Design and Construction named construction manager for Barclays Center’s Suite renovations...
March 26, 2024
Brooklyn, NY BSE Global unveiled a future transformation of Barclays Center’s Suite Level B and its existing suites, which includes two new and distinct open concept, premium membership clubs, The Row and The Key. As part of the largest
Team Betesh arranges $110 million in financing to refinance an office property in Stamford
March 26, 2024
Stamford, CT Meridian Capital Group arranged $110 million in financing to refinance an office property. The financing was provided by a balance sheet lender and was negotiated by Meridian senior managing director, Morris Betesh,
2024 Women in Construction: Tammy Smith, The Alban Group
March 26, 2024
What do you like best about being a woman in the AEC industry? Women finally have a seat at the table. We are able to assist design and engineering teams and other services surrounding the planning and building of commercial and residential projects. We have become an integral part in the implementation
OnsiteIQ elects Neiman VP of marketing
March 26, 2024
Manhattan, NY OnsiteIQ, a development cloud-based service, delivers AI-driven insights to help real estate professionals maximize their returns by leveraging data captured in the field. With the recent addition of Andrea Neiman, the new vice president of marketing, OnsiteIQ completes its executive search as it paves the way to become a category leader