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Is architecture really frozen music? - by William Gati
August 23, 2022
A building is unique because of its shapes and styles, and musical composition is unique because of its melody and rhythm. When we compare music to architecture, we observe they are very different mediums, yet we see that they
Excess Business Loss Limitation- Effective for 2021- By Sandy Klein
August 23, 2022
We have always heard that in life the only two things for certain are death and taxes. This may be true but the more accurate point regarding taxes is that there is constant change. In this article we will focus on a change impacting
The strength of the US dollar will help maintain a robust commercial real estate capital market - by...
August 23, 2022
As the US economy is arguably in a recession and the Federal Reserve’s policy in the near term is to continue forward with Quantitative Easing or QT, the strength of the US dollar should help maintain a relatively strong commercial
A Wild Ride - by Mike Packman
August 23, 2022
In January we talked about rising interest rates and considering capital preservation and predictable cash flow to potentially mitigate risk. Since then, the Fed has made it a wild ride for real estate investors.
What foreign investors need to know when investing in New York properties - by Joseph Aquino
August 23, 2022
Every now and then one gets a day that holds a delightful surprise and mine was the day I met Vince Rocco who taught at the New York Real Estate Institute near Macys Flagship store on 36th St.
Skylight Real Estate Partners hires Bicknese, Loya, Ottenbreit and Tabora
August 23, 2022
New York, NY Skylight Real Estate Partners, a privately-held real estate investment firm, announces several strategic hires, taking the total number of its staff to over 30. The appointments include
Brix Real Estate Advisors sells 25,000 s/f Bronx building: $4.7m
August 23, 2022
Bronx, NY Brix Real Estate Advisors, a Westchester-based commercial real estate firm, has brokered the $4.7 million sale of a 30-unit multifamily building located at 2820 Middletown Rd. in the
Investment Property Realty Group brokers seven sales: $27.288 million total
August 23, 2022
Brooklyn, NY Investment Property Realty Group completed the following transactions: The closing of 132 & 134 W 23rd St. in Chelsea with a lease value of $10.45 million. This property is located between 6th and 7th Sts. and totals buildable 33,328 s/f. These
Newmark Retail reps. Skyline Developers in 4,500 s/f lease to Valley Bank
August 23, 2022
Manhattan, NY According to Newmark Retail, Valley Bank has committed to a new 10-year lease at its current location at the base of 1040 Sixth Ave. at the
Taic and Sozio of Ariel Property Advisors arrange $11.24 million sale
August 23, 2022
Queens, NY Ariel Property Advisors has arranged the sale of a 21-unit, mixed-use, 421a new construction building at 32-04 38th Ave. in Long Island City for $11.24 million. Ariel brokers
Khakshoor of Rosewood Realty Group facilitates $2.65 million sale
August 23, 2022
Brooklyn, NY Rosewood Realty Group brokered the sale of a mixed-use building at 590 Broadway, (corner of Walton St.) in the Williamsburg neighborhood. The sale price was $2.65 million. The three-story, 4,350 s/f walk-up
Helmsley Spear handles two leases totaling over 7,454 s/f in Manhattan
August 23, 2022
Manhattan, NY According to Kent Swig, president of Helmsley Spear, LLC, the firm handled the following two lease transactions: Helmsley Spear, LLC, America’s oldest continuously operating real estate firm founded in 1866, is pleased to announce that the firm has represented
Keystone 1031 fully subscribes its $35.65 million Keystone 1031 Net Leased Portfolio II DST offering...
August 23, 2022
Jericho, NY Keystone 1031 has fully subscribed its $35.65 million Keystone 1031 Net Leased Portfolio II DST offering, which is designed to generate investor distributions from 63,000 s/f of net-leased property.
GAIA Real Estate expands portfolio with $14m acquisition of 106 Norfolk
August 23, 2022
Manhattan, NY GAIA Real Estate has completed the closing of 106 Norfolk St., an apartment building with ground floor retail on the Lower East Side. The building consists of
Chiarelli joins EW Howell Construction Group as VP
August 23, 2022
Plainview, NY According to EW Howell Construction Group, Joseph Chiarelli has joined the firm as a vice president. Chiarelli has over 30 years’ experience navigating the
Neue Urban buys Crown Heights asset for $5.4m; Traub of Curb Capital and Stavsky of Stav Equities ar...
August 23, 2022
Brooklyn, NY Real estate investment firm Neue Urban, led by Zach Ehrlich, closed on the acquisition of 1467 Bedford Ave. in the Crown Heights neighborhood, for $5.4 million. The asset is near the
DIB Development Group acquires Sunset Park industrial building for $19.9m
August 23, 2022
Brooklyn, NY DIB Development Group (DDG) has acquired a four-story commercial and industrial building at 5714 1st Ave.located in the Sunset Park neighborhood for $19.9 million.
Skyline Properties brokers $32m off-market sale of 34,000 s/f Queens shopping center
August 23, 2022
Queens, NY Skyline Properties sold 6101 Springfield Blvd. in the Oakland Gardens neighborhood to the Lee Family for $32 million in an off-market transaction. Skyline Properties’ Robert Khodadadian, Daniel Shirazi and Stephen Alcala represented
United Service Workers Union apprentices celebrate graduation
August 23, 2022
Bohemia, NY 31 skilled union craftsmen have officially graduated from the United Service Workers Union’s state-accredited four- and five-year apprenticeship training program.
KPG Funds secures $34.5 million construction loan from Thorofare
August 23, 2022
Manhattan, NY KPG Funds secured $34.5 million in new debt for its efforts to turn around a formerly occupied 62,428 s/f Greenwich Village office building. Thorofare provided the debt package to refinance