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Guarino and Flaccomio of ERG Commercial arrange $2.1 million
December 13, 2022
Central Islip, NY ERG Commercial Real Estate, through an affiliate, is funding a $2.1 million refinance loan secured by two commercial strip shopping centers.
CIBS honors 2022 industry annual award recipients
December 13, 2022
Woodbury, N.Y. The Commercial Industrial Brokers Society of Long Island (CIBS) recognized some of the industry’s best at their annual awards ceremony.
Northmarq secures $77 million refinance of four properties
December 13, 2022
Melville, NY Ernest DesRochers, Charles Cotsalas, and Robert Delitsky of Northmarq’s New York and Long Island debt/equity team arranged $77 million in refinancing for four properties located in Melville, Brooklyn, and Garden City. Northmarq structured permanent fixed-rate
FDT LLP launches condemnation practice group lead by Penighetti
December 13, 2022
Uniondale, NY Forchelli Deegan Terrana LLP (“FDT”) launched a condemnation practice group. Condemnation, or eminent domain, is the taking of private property by the government for public purposes.
Hunt Corporate Services Commercial Real Estate Q&A: Zoning research is essential - by David Hunt
December 13, 2022
Q: We are in the market to buy an industrial building. How concerned should we be with the specific zoning of each property we consider? A: There are a number of concerns in the evaluation of zoning, but the primary one is whether you can lawfully operate your business.
RC Commercial Partners leases 12,000 s/f at Palm Plaza
December 13, 2022
Brentwood, NY Ron Epstein of RC Commercial Partners leased two stores at Palm Plaza shopping center. Palm Plaza Grocery Corp, operating as Compare Foods, has opened an 8,000 s/f supermarket.
Hempstead IDA approves benefits pact for Sunrise Assisted Living facility in Oceanside
December 13, 2022
Oceanside, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA), said the agency approved a package of economic development benefits for an assisted living facility proposed by Sunrise Senior Living in Oceanside.
Kimco Realty acquires eight properties for $375 million - brokered by JLL for Kabro Assocs.
December 13, 2022
Long Island, NY JLL Capital Markets has closed the $375 million sale of an eight-property, retail shopping center portfolio in Great Neck, Woodbury, Massapequa Park, Greenvale, West Islip and Syosset. JLL marketed the property on behalf of the seller, Kabro Associates. Kimco Realty acquired the assets.
CP Capital US appoints Nootens as co-head
November 22, 2022
Manhattan, NY CP Capital, a highly disciplined U.S. real estate manager specializing in multifamily investments, has appointed Kristi Nootens as co-head. In her new role, Nootens will jointly manage the day-to-day operations
GPARENCY to expand by hiring minimum of 100 part-time sales coordinators
November 22, 2022
GPARENCY, a national commercial real estate proptech platform providing competitive tools for finding and financing transactions, is celebrating its first anniversary by expanding its sales force with a minimum of 100 part-time sales coordinators by first quarter
CREW New York announces incoming 2023 Board of Directors
November 22, 2022
CREW New York (CREWNY) has announced the appointment of our incoming 2023 Board of Directors. Several veteran board members are joined by six new board members. Incoming president Michelle DeCarlo of Jaros, Baum & Bolles is joined
Building and construction leaders honored at 2022 New York Building Congress gala
November 22, 2022
Manhattan, NY The New York Building Congress celebrated prominent building and construction leaders who are helping to shape the city’s future at its annual Industry Recognition Gala on Wednesday night at the New
BTEA honors five transformative projects & industry leaders
November 22, 2022
Manhattan, NY The Building Trades Employers Association (BTEA) recently held its 2022 BTEA Transformative Project Awards, honoring union contractors responsible for five transformative projects that will be remembered for playing a pivotal
Resolution RE Partners secures three new leases for 12,000+ s/f, plus an office expansion
November 22, 2022
Manhattan, NY Dana Moskowitz, partner, and Jeffrey Zund, executive director/head of Leasing of Resolution Real Estate Partners LLC, a member of NAI Global, have arranged three new leases comprising approximately 12,470 s/f and
Fetscher completes sale of 40,000 s/f Jericho Terrace
November 22, 2022
Mineola, NY Paul Fetscher CCIM, president of Great American Brokerage, has completed the sale of Jericho Terrace, located at 249 Jericho Tpke. Jericho Terrace is a 40,000 s/f function and catering facility. It can accommodate
Stein named managing partner at Certilman Balin; Hyman stepping down
November 22, 2022
East Meadow, NY Bernard Hyman's dedication to his clients and his leadership has helped steer Certilman Balin Adler & Hyman, LLP the last 34 years. Hyman serves on the executive committee, and will continue to do so, but
Rockledge purchase 6 elevator buildings for $33.6 million in the Bronx
November 22, 2022
Bronx, NY In partnership with Peter Hungerford of PH Realty Capital and Shlomo Tajerstein, David Kaye and Joe Listhaus of Rockledge purchased 6 elevator buildings in the Concourse Village. The package included 111 Tudor Pl.
SKIP of New York signs lease for 27,000 s/f at 318 West 39th St.
November 22, 2022
Manhattan, NY According to GFP Real Estate, LLC, SKIP of New York, a non-profit whose mission is to help New York’s most chronically ill and developmentally disabled children and young adults access the services they need to live at home instead
Pirro, Jr. joins Abrams Fensterman as partner and member of its land and zoning practice group
November 22, 2022
White Plains, NY According to Abrams Fensterman, Al Pirro, Jr. has re-entered the field of law and joined the firm as a partner and member of its land and zoning practice group in its White Plains office. Pirro
Permanent Mission of the Republic of Slovenia to the United Nations, doubles space at ATCO Propertie...
November 22, 2022
Manhattan, NY According to ATCO Properties & Management, the Permanent Mission of the Republic of Slovenia to the United Nations, is doubling its presence at 630 Third Ave., a 252,000 s/f office tower