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PH Realty Capital & Rockledge purchase 53,815 s/f building for $11.35 million
May 16, 2023
In partnership with Peter Hungerford of PH Realty Capital, David Kaye and Joe Listhaus of Rockledge purchased 401 and 405 Edgecombe Ave. The purchase includes two contiguous walk-up buildings
New York Real Estate Education Changes/Requirements by Licensing Law - by Edward Smith
May 16, 2023
Prior to July 1, 2021, if you were a Real Estate Broker for 15 years or more you were exempt from taking Continuing Education courses, known as being “Grandfathered”. As of July 1, 2021, Grandfathering ended and all real estate licensees must take 22
Benefits of NYSCAR Membership - by Ira Zucker
May 16, 2023
Advocacy at the State CapitolNYSCAR 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
DOS indicates it will audit licensees and their use of corporate titles - by Anthony Gatto & Liz Cel...
May 16, 2023
Recently, the Department of State (DOS) indicated it would be auditing licensees and their use of corporate titles. The DOS issued two opinions prohibiting the use of corporate titles by associate brokers and salespersons. There is no exception merely because the licensee practices commercial real estate or is a member of team. These (opinions) prohibit a real estate salesperson from holding voting stock or being
Simone of Concourse Realty Partners arranges $7 million sale of 13,000 s/f building
May 16, 2023
Bronx, NY David Simone of Concourse Realty Partners arranged the sale of 200 East 167th St. in the Bronx for $7 million. The 13,000 s/f building consists of 5 commercial spaces and sold for a 5.5% cap rate
A new era for mental health in the workplace - by Les Hiscoe
May 16, 2023
We are in a new, much-needed era for prioritizing mental health at work. Businesses only perform as well as their employees, and nearly one-fifth of U.S. workers rate their mental health as fair or poor. Leaders across industries must be in lockstep with this paradigm shift to create an effective, supportive mental
New multi-family development continues to evaporate as State Legislative session nears conclusion
May 16, 2023
The Real Estate Board of New York (REBNY) released its April 2023 Multi-Family Foundation Plan Application Report. This monthly report reviews applications for residential building foundations submitted by developers to the NYC Department of Buildings (DOB), providing a helpful
Cronheim secures $50 million for Tice’s Corner
May 16, 2023
Woodcliff Lake, NJ Cronheim Mortgage has secured $50 million in permanent financing for Tice’s Corner, a 120,000 s/f lifestyle shopping center. Dev Morris, Andrew Stewart, and Allison Villamagna structured the loan on a 10-year
Shawmut Design and Construction launches Mental Health & Wellness Leadership Group during safety wee...
May 16, 2023
Shawmut Design and Construction, a leading $1.3 billion national construction management firm, hosted its 14th annual Safety Week, focusing on physical and mental health, safety, and well-being. The week consisted of 731 events and training sessions held across 133 locations
GFI Realty completes $4.15 million sale of 29-unit multifamily building
May 16, 2023
Bronx, NY GFI Realty Services, LLC announced the $4.150 million sale of 1342 St. Lawrence Ave., a multifamily building comprised of 29 units and an antenna, located in Soundview. GFI Realty Director Zachary Fuchs, on an exclusive basis
Ross of Largo Capital secures $18.8 million in financing
May 16, 2023
Montreal, QC Kevin Ross of Largo Capital Limited secured financing in the amount of $18.8 million for a 337,000 s/f property. The Montreal industrial market has remained one of the hottest in North America
Swig honored by the MJHI and inducted into The Jewish Hall of Fame Class of 2023
May 16, 2023
Manhattan, NY Kent Swig, President of Swig Equities, was honored by the Manhattan Jewish Historical Initiative (MJHI) at the Fifth Annual Induction Ceremony of the MHHI’s Jewish Hall of Fame Class of 2023. The ceremony was held in Bryant
Kelvin receives $30 million in Series A funding to decarbonize legacy building stock globally
May 16, 2023
Kelvin, a leader in intelligent, decarbonized HVAC solutions for legacy buildings, announced the closing of $30 million in Series A funding. The rebranding from Radiator Labs to Kelvin reflects the company's growth beyond radiators, including expansion into the US and European markets and targeting older building decarbonization where emissions reduction is a vital climate
Shawmut Design and Construction celebrates New NYC Office with Partner Celebration
May 16, 2023
Manhattan, NY Shawmut Design and Construction, a leading $1.3 billion national construction management firm, marked two decades of calling New York home by unveiling a new office at 488 Madison Ave. during a partner appreciation event. The firm welcomed partners and
Skanska promotes Patarozzi to Vice President, Account Manager
May 16, 2023
Skanska, a leading global construction and development firm, announced the promotion of Daniel Patarozzi to Vice President, Account Manager of Skanska USA Building for its Metro
Lightstone names Munson Senior Vice President of Industrial Asset Management
May 16, 2023
Lightstone, one of the leading and most diversified privately held real estate companies in the United States, announced the hiring of Robert Munson as Senior Vice President of Industrial Asset Management. He joins Lightstone Logistics, a platform strategically expanding
Nassimian of Highcap Group promoted to Director of Investment Sales
May 16, 2023
Highcap Group, a Manhattan based commercial real estate firm, has announced the promotion of their investment sales associate Rodney Nassimian to Director of Investment Sales, effective immediately
Fordham REI hosts U.S. Rep. Torres to discuss with Bess Freedman on NY’s Affordable Housing Crisis...
May 16, 2023
The Fordham Real Estate Institute (REI) hosted U.S. Rep. Ritchie Torres, D-N.Y. at its Lincoln Center campus for a conversation about affordable housing in New York City, led by Bess Freedman, CEO of real estate firm Brown Harris Stevens and member of REI’s Executive Advisory Council (EAC) of industry and business leaders. The event was part of REI’s “Titan Talks” series
2023 Ones to Watch Rising Stars: Evguenia Yerukhimovich, GPARENCY
May 16, 2023
When I am not working, I am: Taking care of my family, going to the gym and learning new things, from playing music to new languages. I am also a huge audiobooks and podcasts junky. I especially love listening to biographies of historical and modern entrepreneurs.
2023 Ones to Watch Rising Stars: Michael Schattner, Rosewood Realty Group
May 16, 2023
What recent project, transaction or accomplishment are you most proud of? In April of 2022 I closed on The Lakes at Collier Commons in Land O Lakes, FL. This was a beautiful 2004 vintage property consisting of 252 units.
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