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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
A 2024 outlook: A community on the rise with more opportunities to discover - by Stacey Duncan
February 13, 2024
Exciting things are happening in Greater Binghamton. Last year, we received our second $10 million Downtown Revitalization Initiative award for the Village of Johnson City, opened the majestic Victory Lofts, and were one of only 31 Tech Hub designees in the nation. Through the
Trestle Community restoration project - by William Gati
February 13, 2024
The Trestle Community restoration project represents a transformative vision for the Bessemer and Babbage St. corridor, stretching from 84th Ave. to Hillside Ave. This 12-block endeavor is not merely an urban renewal effort but a comprehensive initiative to infuse
Falling cap rates in 2024 - by John Rynne
February 13, 2024
The rate of inflation has been decreasing significantly over the past year in part due to the actions of the Federal Reserve which has reduced rates. Ten year treasuries at the end of the fourth quarter in 2023 were 79 basis points lower than at the end of the third quarter.
Corporate Transparency Act A summary of the new reporting requirements - by Sandy Klein
February 13, 2024
On January 1, 2024, the Corporate Transparency Act (CTA) went into effect. The CTA requires businesses, including real estate businesses, to file a Beneficial Ownership Information (BOI) Reports with the US Department of Treasury’s Financial Crimes Enforcement Network
2023 is behind us - by
Michael Packman
February 13, 2024
For commercial real estate investors, 2023 saw uncertainty between rising interest rates, worries of a deep recession as well as proposals from Washington D.C. to limit 1031 exchanges (again). These uncertainties have left investors that do not have to transact on the sidelines.
Blanton of Largo Capital secures acquisition financing for retail property
January 30, 2024
Kissimmee, FL Benjamin Blanton of Largo Capital, Inc. secured long term acquisition financing for a neighborhood retail property. The property is 28,500 square feet and 100% occupied. The improvements are minutes away from Walt
Crow Holdings Development completes redevelopment of Marcal Paper property - 207,000 s/f industrial
February 13, 2024
Elmwood Park, NJ Crow Holdings Development (CHD) has completed the redevelopment of 25 Market St., transforming of one of northern New Jersey’s most iconic industrial properties. The 207,000 s/f, class A building, located with visibility
IPA Capital Markets arranges $15.2 million refinancing for multifamily property
January 30, 2024
Brooklyn, NY IPA Capital Markets completed the $15.2 million refinancing of 68 Richardson St., a multifamily property. IPA Capital Markets’ New York team led by Max Herzog, Marko Kazanjian
New York’s ‘City of Yes’ spurs urban decarb plus growth by zoning reform
January 30, 2024
Manhattan, NY Following on the 2023 debut of its “City of Yes” strategy to permit more housing, faster in New York City, the mayor Eric Adams administration is unveiling a raft of zoning changes this winter intended to make the proposed growth carbon neutral, according to Adam Friedberg
September Promotion
