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Peck, Goldstein, Lupo and Hinckley of JLL arrange $233m in construction financing for 569-unit multi...
September 12, 2023
Brooklyn, NY JLL Capital Markets has secured $233 million in construction financing for the ground-up development of 54 Crown, a 569-unit multi-housing development located at 54 Crown St., in Crown Heights.
Upcoming NYSCAR professional development classes via Zoom
September 12, 2023
Albany, Ny Sept. 19, 2023 – Legal Update, Anthony Gatto, Esq. (one hour) (fulfills the NYS licensing requirement for one hour of legal issues).
National Association of Realtors in Anaheim November 14-16 for NAR NXT, The Realtor Experience
September 12, 2023
Anaheim, CA NAR NXT combines the power of industry-leading speakers, expert education, and networking opportunities with 15,000+ attendees at the Anaheim Convention Center for the year’s premier real estate conference.
NYSCAR annual meeting to be held Oct. 2 at Turning Stone Resort and Casino
September 12, 2023
Verona, NY The NYSCAR Annual Meeting will be held October 2nd, 10:00 a.m. at the Turning Stone Resort and Casino. The nominating committee has recommended the following members to serve as officers and governors of the association:
September 2023 message from the president of NYSCAR - by Robert Strell
September 12, 2023
NYSCAR just concluded Ed Smith’s CIREC course which ran August 17 – September 1. The 22.5 hour program covers “Working with Office, Retail and Industrial Buildings, Leases and Green Concepts, Working with Investment Properties, Financial Analysis, Taxes and Exchanges; Discrimination
Empire Commercial Construction builds 3,386 s/f Great American Diner
September 12, 2023
Greece, NY Empire Commercial Construction completed their construction contract for the Great American Diner. In partnership with KF Architects and Torchia Structural Engineering & Design, PC, Empire renovated the 3,386 s/f former Happy Days On The Go restaurant space located at 850
Network Title Agency of New York promotes Young to president
September 12, 2023
Buffalo, NY Network Title Agency (NTA) of New York has a promoted Jeni Young to president effective immediately. Young was previously general manager. According to Peter Hunt, chairman and CEO of HUNT Real Estate Corp. and principal owner of NTA
Rochester’s Cornerstone Group recognized
September 12, 2023
Rochester, NY Rochester Business Journal has selected Rochester’s Cornerstone Group, Ltd. to receive a 2023 Leaders in Construction Award. This year’s recipients will be honored Oct. 23.
Licata of Rand Commercial sells 52 room
Table Rock for $11 million
September 12, 2023
Sloatsburg, NY Rand Commercial brokered the $11 million sale of 150 Sister Servants Ln., known as Table Rock. The 40,525 s/f estate was built in 1902 for the great-grandson of Alexander Hamilton.
Vanguard-Fine negotiates 14 sale and lease transactions
September 12, 2023
Albany, NY Vanguard-Fine, LLC brokered 14 sales and leases. • Kenneth Brownell and Steven Lerner of Vanguard-Fine and Jessica Curtis of CBRE-Stamford brokered the 15-year lease between RCSH Operations, LLC
Cushman & Wakefield/Pyramid Brokerage Company negotiates nine sales totaling $7.45 million
September 12, 2023
Syracuse, NY Cushman & Wakefield/Pyramid Brokerage Company has negotiated nine CRE sales. • Joyce Mawhinney MacKnight from Cushman & Wakefield/Pyramid Brokerage Co. sold a 14,222 s/f church building on 14.11 acres at 5833 E. Seneca
SRS Real Estate Partners completes $9m sale
of 895,000 s/f Great Northern Mall
September 12, 2023
Clay, NY SRS Real Estate Partners has completed the $9 million off-market sale of Great Northern Mall located at 4155 State Hwy. 31. The shuttered 895,000 s/f property is situated on 120 acres and is slated for a major mixed-use town center redevelopment to encompass hundreds
Hidden cost information will reduce real estate taxes - by Brad and Sean Cronin
September 12, 2023
With real estate taxes increasing, owners are being barraged with hidden costs that, when properly analyzed, will decrease their real estate tax obligation. Recently, landlords have been forced to handle a variety of factors that diminish their net operating income (“NOI”). Many of
Hempstead IDA grants preliminary approval for proposed 200-unit apartment project
September 12, 2023
Freeport, NY Frederick Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said that its board has given initial approval to an application for economic development benefits from a Lawrence-based developer that plans to turn a former public housing development
Brookhaven IDA closes on economic benefits pact assisting Sunrise Wind transmission project
September 12, 2023
Holbrook, NY Frederick Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA) said that the agency has closed on an agreement that will provide economic development incentives for Sunrise Wind’s transmission project
Hempstead IDA okays development benefits for housing complex in Island Park that would replace water...
September 12, 2023
Hempstead, 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 John Vitale construct a117-unit waterfront apartment
Nassau IDA approves transaction with Pictor Nassau Logistics Center, LLC to construct warehouse in T...
September 12, 2023
Hicksville, NY The Nassau County Industrial Development Agency (NCIDA) has approved a transaction for Pictor Nassau Logistics Center, LLC for the revitalization of a New York State superfund site to expand its business market into Nassau County. The site
Suffolk IDA preliminarily approves investment for Citation Healthcare Labels LLC
September 12, 2023
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist Citation Healthcare Labels, LLC expand its manufacturing and labeling operations within the Innovation Park at Hauppauge. With
Delavale of Breslin Realty leases 3,000 s/f
September 12, 2023
Garden City, NY Breslin Realty signed a long-term lease with Nanos, Gomez & Associates, P.C. Nanos, Gomez are relocating from their Hempstead office to 3,000 s/f at 500 Old Country Rd.
Commercial real estate industry adjusting to new ASTM phase one environmental standards - by Chuck M...
September 12, 2023
As I presented earlier this year, the ASTM E-1527-21 standard for Environmental Site Assessments (ESAs) or more commonly known as a “phase one” was approved in February of 2023. However, the Environmental Protection Agency (EPA) will allow the prior ASTM E-1527-13