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Executive of the Month: Warren Dubitsky, partner at Herman Katz LLP
February 13, 2024
How did you get started in real estate tax law? My first job out of law school was at the Nassau County Attorney’s Office where I was assigned to the Tax Certiorari and Condemnation Bureau. The major benefit of starting in government service is that you are handed a large amount of responsibility on major cases early on.
Façade and parking garage inspections: Uncovering NYC’s compliance conundrum by Joe DiPompeo
February 13, 2024
In the sprawling metropolis that is New York City, the skyline tells a story of architectural marvels and historical structures. Behind the façade of these iconic buildings, however, lies a hidden challenge that poses a significant threat to public safety –
Yonkers IDA approves two
multifamily development projects - $186.8m
February 13, 2024
Yonkers, NY The Yonkers Industrial Development Agency (YIDA) voted at its January monthly meeting final approval of financial incentives for two multifamily residential developments – Miroza Tower and Warburton Avenue Apartments.
Andover Properties hires Kutner as Vice President of marketing
February 13, 2024
Manhattan, NY Andover Propertieshas appointed of Adam Kutner as the new vice president of marketing. With a background in marketing management and a track record of successful campaigns, Kutner brings a wealth of experience to the Andover Properties team.
Global Holdings leases 50% of 26-story Anagram Columbus Circle
February 13, 2024
Manhattan, NY Global Holdings, the international real estate development and investment firm founded and led by Eyal Ofer, has marked its luxury residential tower, Anagram Columbus Circle, as 50% leased. Located near the Columbus Circle area
Camber Property Group and RiseBoro
close $75m to develop 1601 DeKalb
February 13, 2024
Brooklyn, NY Camber Property Group and RiseBoro Community Partnership have closed on a $75 million deal to develop 1601 DeKalb Ave. in Bushwick. The project will transform a vacant lot into a new, dual-towered 127-unit building of affordable housing
Alloy begins leasing for all-electric 441-unit apartment skyscraper
February 13, 2024
Brooklyn, NY Alloy Development (Alloy) has launched leasing for 395 newly constructed apartments at 505 State St., the all-electric skyscraper. The 44-story tower located at the intersection of State St. and Flatbush Ave.
February 2024 NYSCAR Professional Development Course
February 13, 2024
Creating Wealth Through 1031 Exchanges Date: Tuesday, February 27, via Zoom 9:00 am – 12:00 pm Instructor: Russell Gullo, CCIM CE credit: 3 hours. Best Kept Secret In Real Estate
NYSCAR conference at Rivers Casino to be held June 24th-26th
February 13, 2024
Schenectady, NY The New York State Commercial Association of Realtors (NYSCAR) will hold their annual conference at Rivers Casino on June 24th-26th. Upstate NY CCIM Chapter and the Society of Exchange Counselors are sponsors of the event.
Join CRE professionals for a day of networking “A Million Dollar Marketing Session” and skiing a...
February 13, 2024
Cortland, NY Come join commercial real estate professionals for a day of networking “A Million Dollar Marketing Session” and skiing all rolled up into one phenomenal day on March 7 at Greek Peak Mountain Resort.
February 2024 New York State Commercial Assn. of Realtors president’s message - by Robert Strell
February 13, 2024
The NYSCAR Board of Governors met on February 6, 2024 at the Crowne Plaza/Desmond Hotel in Albany. The board welcomed three new board members: Hilary Ryan Goldman from the Hudson Valley Chapter; Karen Zalewski-Wildzunas from the Greater
Cook Properties opens new 20,760 s/f 177 unit Village Woods Storage
February 13, 2024
Spencerport, NY Cook Properties celebrated the grand opening of a new self-storage facility, marking an expansion of its presence in the Greater Rochester area. The 20,760 s/f space was completely renovated to accommodate 177 climate-controlled self-storage
Cowing of Cushman & Wakefield/Pyramid Brokerage brokers $4.05m sale of 81,683 s/f industrial whareho...
February 13, 2024
Buffalo, NY 1370 William Street Property LLC has purchased 1370 William St. from 1370 William LLC for $4.05 million. The 81,683 s/f industrial warehouse building sits on 3.11 acres. Robert Cowing, III, associate real estate broker
Venture Brokerage Group completes full lease-up for 83,700 s/f Whole Foods Center
February 13, 2024
Rochester, NY Venture Brokerage Group has completed the retail leasing for the Whole Foods Center at 2740 Monroe Ave. The 83,700 s/f plaza, anchored by Whole Foods, marks the brand’s third location in Upstate NY, with complementing existing stores in
Phillips and Perlman of Largo Capital arrange five mortgages
February 13, 2024
Dewitt, NY Largo Capital, Inc. arranged five first mortgages. Jack Phillips, principal at Largo Capital, Inc. secured a $21.75 million leasehold mortgage to refinance the existing debt on a newly
Treeline appoints Bhaumik senior vice president of investor relations
February 13, 2024
Garden City, NY Treeline, a prominent New York-based real estate developer, owner, and investor in office, multifamily, and industrial properties, has appointed Shuvam Bhaumik as senior vice president of investor relations.
Gantry secures $38.15 million of construction
financing for 132-unit The Lawrence Apartments
February 13, 2024
Buffalo, NY Gantry has secured $38.15 million of construction financing for the development of The Lawrence Apartments. The class A project will deliver a four-story, 132-unit building at 983 Michigan Ave., adjacent to the Buffalo Niagara Medical Campus.
Standard and Ekstein Tolbert Development top off $76 million mixed-use development project
February 13, 2024
Brooklyn, NY Standard Real Estate Investments, LP (Standard), has closed an equity investment for the topping off of a mixed-use development project located at 1333 Bdwy. in the Bushwick section. JLL Capital Markets arranged the majority equity stake
The question facing thousands of taxpayers now is whether to protest their 2024/25 assessed value - ...
February 13, 2024
Another year has passed, and New York City has released another real estate tax assessment roll. For most taxpayers, it was an uneventful year-over-year change to the assessed value of their property. As I indicated in my article several months ago, the city possessed sufficient
LCOR launches leasing at 1515 Surf Ave. -
463-unit 470,000 s/f residential complex
February 13, 2024
Brooklyn, NY LCOR, a real estate development and investment firm, has launched leasing at 1515 Surf Ave., a 463-unit waterfront residential complex in the Coney Island neighborhood. The amenitized project is 100% electric