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Leviticus Fund honors McKeown of CPC with Cornerstone Award
July 11, 2023
Tarrytown, NY In the building trades, the cornerstone guides the workers in their course; it is the standard of measure and alignment. The Leviticus Fund presented its 2023 Cornerstone Award to Sadie McKeown, president of The Community Preservation Corp. (CPC),
Empire Commercial completes 1,800 s/f 95 Nutrition location
July 11, 2023
Rochester, NY Empire Commercial Construction, a retail-focused division of Taylor-The Builders, completed the construction contract for 95 Nutrition located at 1250 University Ave. In partnership with architect Jay F. Meyers, Empire renovated the 1,800 s/f, previously occupied
SWBR hires Guyon as senior civil engineer
July 11, 2023
Rochester, NY Michael Guyon, PE has joined SWBR as senior civil engineer. The addition of Guyon expands the firm’s in-house design services to include civil engineering.
NNN Pro Group brokers $1.66 million sale of 9,488 s/f net-leased property
July 11, 2023
Saratoga Springs, NY NNN Pro Group negotiated the sale of 7 Care Ln., a 9,488 s/f triple-net-leased property for $1,661,669. Glen Kunofsky, Alexander Doolin and Richard Nardi of NNN Pro Group represented the buyer, Vartan Jerian Jr., in the all-cash 1031 Exchange
McGuire of NAI Long Island arranges 10,000 s/f lease
July 11, 2023
Riverhead, NY Brian McGuire of NAI Long Island represented Service Experts Heating & Air Conditioning in a five-year lease at 110 Kroemer Ave., an industrial property on behalf of Kroemer Avenue Holdings, LLC.
Rockensies appointed chairman for Nassau County Industrial Development Agency
July 11, 2023
Mineola, NY The Nassau County Industrial Development Agency (NCIDA) has appointed William Rockensies as the agency’s new chairman. As chairman, Rockensies will continue to support the expansion of existing businesses and incentivize new businesses to find a home in
Blumenfeld Dev. Group renews 20,000 s/f lease for NY Sports Club
July 11, 2023
Syosset, NY The Blumenfeld Development Group (BDG) has renewed NY Sports Club’s lease at their 9901 Queens Blvd. location for another 10 years, beginning in 2024.
Breslin Realty arranges three leases for Wild Fork Foods - 12,200 s/f
July 11, 2023
Lake Grove, NY Breslin Realty has arranged the following signings of three new long-term leases with Wild Fork Foods. Wild Fork Foods is a meat and seafood market with a selection of high quality food products at affordable prices.
Benenson Capital Partners appoints Boehm chief financial officer
July 11, 2023
Manhattan, NY According to Richard Kessler, chief operating officer, Benenson Capital Partners has appointed Suzanne Boehm as chief financial officer of the firm.
Park joins Merchants Capital as sr. vice president
July 11, 2023
Manhattan, NY Merchants Capital has hired Min Park as senior vice president, balance sheet construction. Park joins the firm’s New York office, which celebrated another year of record-breaking success, having closed more than $1.3 billion in debt financing in 2022.
OPEN Impact brokers 11,000 s/f lease for Part of the Solution
July 11, 2023
Bronx, NY OPEN Impact Real Estate LLC (OPEN) represented Part of the Solution (POTS) in a 11,000 s/f lease for a new office location at 2450 Grand Concourse. Stephen Powers and Lindsay Ornstein, founders of OPEN, with vice presidents Alexander Smith and Casey Noel, represented POTS.
JLL arranges $354 million capitalization for 734,000 s/f industrial project
July 11, 2023
Queens, NY JLL Capital Markets arranged the $354 million total capitalization for 28-90 Review Ave., a 4.03-acre, industrial development totalling 734,000 s/f in Long Island City.
Evin, Nelson and Peele promoted to Skanska USA Building’s sr. executive teams; Farland steps down
July 11, 2023
Manhattan, NY Skanska, a leading global construction and development firm, has made leadership shifts within its USA Building senior executive team. Kerim Evin, Anita Nelson and Greg Peele will apply their extensive industry expertise to new regional executive officer (REO) leadership
Hempstead Industrial Development Agency approves economic benefit incentives for 138,245 s/f project...
July 11, 2023
Inwood, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA) has approved a package of economic development incentives for a proposed warehouse that will boost revenues for taxing jurisdictions, especially the Lawrence School District.
G2D Group introduces Station One - a five-story mixed-use building
July 11, 2023
Riverhead, NY G2D Group is debuting Station One, a five-story mixed-use building located at 205 Osborn Ave. This development, following the launch of The Shipyard luxury apartment building in downtown last August, showcases G2D Group’s commitment to
Vargas of Gilco Realty negotiates two laundromat leases
July 11, 2023
Bronx, NY Gilco Realty LLC negotiated two leases with laundromats. Gilco Realty was the sole broker and Epifanio Vargas was the sole salesperson involved in both transactions.
Bayport Funding provides $4.95 million acquisition loan
July 11, 2023
Brooklyn, NY Bayport Funding has provided a $4.95 million acquisition loan for a Williamsburg site containing two existing mixed-use buildings that will each be converted into four-story residential rental buildings with ground-floor retail space.
Doshi and Mehra of Meridian sell two elevator buildings for $9.1 million
July 11, 2023
Brooklyn, NY Meridian Capital Group’s Amit Doshi and Shallini Mehra closed on their exclusive listing located at 288 and 295 Maple St. The two six-story elevator buildings are located in the Prospect-Lefferts Gardens neighborhood, span 74,622 s/f, and are currently configured with
Getting into ready position - by Shallini Mehra
July 11, 2023
The ever-changing rent regulations continue to pose challenges for New York City landlords. The combination of these laws with the higher interest rate environment has reduced values in some cases by 20 to 40%, with some assets now worth sub-debt levels. Many of the shorter-term loans coming due will
Benefits of NYSCAR membership - by Ira Zucker
July 11, 2023
Advocacy at the state capitol
NYSCAR is passionate about the laws that affect all of us, on local, state and national levels. Our affiliations with NYSAR and NAR give us a voice in opposing legislation that would hurt our industry as well as in supporting positive legislation. This political “watch dog” function of our organization