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JB MAC Real Estate appointed to sell Pro-H Development's new 12-unit condominium - The Hawthorne
September 26, 2023
Brooklyn, NY JB MAC Real Estate has been appointed exclusively to sell The Hawthorne, located at 229 Hawthorne St. The Hawthorne, a 12-unit condominium, is located two blocks from Prospect Park in the Prospect Lefferts Gardens.
GAMCO Corporation provides 12,000 s/f
of facades for hospital expansion
September 26, 2023
Manhattan, NY GAMCO Corporation has provided YKK curtain wall, storefront, and entrance doors, key components for a new hospital expansion in Staten Island. GAMCO sourced and fabricated over 12,000 s/f of aluminum fenestration materials for the recently opened 35,000 s/f
Suffolk hires Doron as vice president of operations
September 26, 2023
Manhattan, NY Suffolk, a large and innovative construction enterprise, has hired Aeran Doron as vice president of operations for its rapidly growing region. Doron will focus on expanding the company’s public sector portfolio by leading his team and providing unparalleled client service, operational excellence, strategic business planning and smart growth.
Savills appoints Kostic Samen vice chair and head of Savills Workplace Studio | NA
September 26, 2023
Manhattan, NY Savills has appointed Katrina Kostic Samen as vice chair and head of Savills Workplace Studio | North America. Kostic Samen, who possesses over three decades of commercial development, occupier strategy, and design experience, will relocate from Savills global headquarters in London to its North American headquarters at 399 Park Ave.
Schimenti Construction completes new location for UNDEFEATED - 5,283 s/f
September 26, 2023
Manhattan, NY UNDEFEATED, a global sportswear brand, is opening its first East Coast store at 75 Kenmare St. This 5,283 s/f East Coast location is the first for this Los Angeles-based brand and largest store footprint to date
JRM Construction and Young Projects design
36,000 s/f office space for Galaxy Digital
September 26, 2023
Manhattan, NY JRM Construction Management has completed Galaxy Digital’s office space in Battery Park City. The project, designed by Young Projects, breaks away from the corporate mold and infuses the space with a personality that reflects the unique culture of Galaxy Digital, a leader in digital asset and blockchain technologies.
Romer Debbas represents Arbor Commercial in $45 million Fannie Mae loan
September 12, 2023
Stone Mountain, GA Romer Debbas LLP’s Agency Lending & Affordable Housing group represented Arbor Commercial Funding I, LLC (“Arbor”), in the closing of a $45 million Fannie Mae DUS Conventional refinance loan secured by a housing project. The property was built in the 1970s and fully renovated in 2019. The sponsor purchased the subject property completely vacant in 2012 and completed a full multi-phase
Nowak joins Certilman Balin Adler & Hyman's commercial lending group
September 12, 2023
East Meadow, NY Jessica Nowak has joined Certilman Balin Adler & Hyman, LLP as an associate in the commercial lending and banking group
Neuman Commercial Group arranges sale of 70,000+s/f grocery anchored shopping center
September 12, 2023
Coatesville, PA Neuman Commercial Group, LLC, has arranged the sale of Airport Village, a 70,500 s/f grocery and drugstore anchored neighborhood retail center
Goldflam and Mishaan of Highcap Group complete $11.5 million sale 5105-5111 5th Ave.
September 12, 2023
Brooklyn, NY Josh Goldflam, co-founder & principal of Manhattan based commercial real estate firm Highcap Group, along with broker Zach Mishaan, have arranged the sale of 5105-5111 5th Ave. for $11.5 million. The seller of the property was the Mitrani family who owned and operated the business on site for nearly 5 decades, and owned the building for 20 years. The buyer is the Dweck family
REC4Success launches comprehensive on-demand education platform - REC4Success.com
September 12, 2023
Manhattan, NY With a commitment to elevating the professional standards of the real estate industry and its agents, on-demand real estate education platform Real Estate Center 4 Success(REC4Success) announced the official launch of its website REC4Success.com, as well as their very own
IREON hosts Farewell to Summer Meet and Mingle event
September 12, 2023
Port Washington, NY IREON members, new and old joined together to bond friendships while creating new business opportunities on Wednesday, September 13th from 5-8 pm for their Farewell to Summer Meet and Mingle event held at Louie's on the waterfront
CaringKind presents Caring to Remember event
September 12, 2023
The leading expert in Alzheimer’s and dementia, CaringKind, will present “Caring to Remember,” on Wednesday, September 20, 2023, at 5:30pm at the Tribeca 360, 10 Desbrosses St. The nonprofit will be partnering with the Alzheimer's Association and US Against Alzheimer's for this important initiative
CIBS hosts "Meet the Candidates" breakfast featuring Suffolk County executive candidates Romaine and...
September 12, 2023
Melville, NY The Commercial and Industrial Brokers Society of Long Island (CIBS) recently hosted a "Meet the Candidates" breakfast. The discussion provided an opportunity for CIBS members and representatives of Long Island’s business
A New Era of Operational Excellence for Multifamily - by Marc Hershberg
September 12, 2023
The multifamily industry grew massively over the last decade–total transaction volumes were up 250% from 2012 to 2018, the biggest year on record. For many individual property types, 2020 or 2021 were their best years yet
LH Charney completes 27,000+ s/f of new office leases at 1410 Broadway
September 12, 2023
Manhattan, NY LH Charney has completed over 27,000 s/f of new office leases at 1410 Broadway. The new deals include a new 12,350 bs/f expansion with sportswear firm 32o, which will now occupy 37,350 total s/f in the building, along shoe designer
CORENET NYC announces 2023 annual corporate real estate awards for excellence finalists
September 12, 2023
The CoreNet Global New York City Chapter (CoreNet NYC) announced the finalists of its annual 2023 corporate real estate awards for excellence. The winners will be announced at the Annual REmmy’s Gala event that will take place on Thursday, October 19, 2023 at Casa Cipriani
Commercial Classroom: 1031 tax deferred exchanges part 2 - by Edward Smith
September 12, 2023
The sale of real estate held for more than 12 months triggers Capital Gains taxes on the Net Profits of that sale. These taxes may be deferred by participating in a 1031 Tax Exchange, in essence, by purchasing property(s) to replace the one(s) being sold. However, there are stringent rules and timetables that must be complied with. This applies to the sale of commercial or investment property, but not your personal residence
REI at SBU College of Business hosts joint panel event on "Reimagining the Modern Office Space"
September 12, 2023
Farmingdale, NY The Real Estate Institute (REI) at Stony Brook University (SBU) College of Business will hold a joint panel event on October 20th, 2023. The Fall Luncheon, titled "Reimagining the Modern Office Space," promises an exploration of the evolving landscape of work environments.
Aurora Capital Associates & Midtown Equities collaborate with Newmark to secure a $90 million refina...
September 12, 2023
Brooklyn, NY On behalf of a Joint Venture led by Aurora Capital Associates, Midtown Equities and ACHS Management (collectively the “Sponsorship” or “Sponsor”), Newmark successfully arranged the $90 million refinancing for 240
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