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Newmark handles 47,790 s/f for King Street Properties and GFP Real Estate
September 21, 2021
New York, NY Newmark handled four leases totaling 66,829 s/f: King Street Properties, GFP Real Estate and Newmark completed
Avison Young names Alpert tri-state president and principal
September 21, 2021
New York, NY Dorothy Alpert is joining Avison Young as its new tri-state president and principal. Alpert joins Avison Young following
Fuchs of GFI Realty Services is sole broker for $1.475 million multifamily sale of 751 55th St.
September 21, 2021
Brooklyn, NY GFI Realty Services, LLC handled the $1.475 million sale of 751 55th St., a three-story walk-up, six-unit multifamily property located in the Sunset Park neighborhood. This is the first trade of this asset in over 50 years. GFI Realty associate Zachary
Fareri of Fareri Associates joins HVEDC board
September 21, 2021
Poughkeepsie, NY According to the Hudson Valley Economic Development Corp., (HVEDC) John Fareri, CEO of Fareri Associates L.P., has joined its board of directors.
Hempstead IDA approves PILOT transfer, allows Castle Lanterra Props. purchase to move forward
September 21, 2021
Hempstead, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA), said the agency has approved the
Alberts of Forchelli Deegan Terrana appointed co-chair of NCBA Committee
September 21, 2021
Uniondale, NY According to Forchelli Deegan Terrana LLP, Stephanie Alberts was appointed co-chair of the NCBA’s Surrogate’s Court Estates and Trusts Committee.
Question of the Month: Does it pay to use a management company for your boutique property? - by Adam...
September 21, 2021
The short answer. Yes. For a rental property to generate income, numerous factors come into play. How do you screen applicants? Will these tenants pay on time? How are lease
KeyBank CDLI provides $16.3m for affordable multifamily housing to serve New York City LGBTQ youth
September 21, 2021
Manhattan, NY KeyBank Community Development Lending and Investment (CDLI) has provided $16.3 million for the development of Homeward – Central Harlem. The property will exclusively serve unhoused youth between the ages of 18 and 25, a vulnerable
ADM Landscape introduces portable green walls to NYC offices
September 21, 2021
Bronx, NY ADM Landscape Corp., a full-service design, build and maintenance landscaping firm is introducing the Freedom series of
American Investment Properties brokers $1.55 million sale of 9,510 s/f retail storefront property
September 21, 2021
Franklin Square, NY According to Ron Koenigsberg, CCIM, president of American Investment Properties, the firm closed the sale of 208-220 Franklin Ave.
The last gasp of creative tenant claims - by Thomas Kearns
September 21, 2021
After a few isolated favorable initial rulings, recent court rulings involving retailers’ claims for rent abatement for lost business due to COVID-19 appear to
VirtualAPT rebrands as View Labs, launches new 360 Meet product
September 21, 2021
New York, NY VirtualAPT, a technology provider that revolutionized the 360° video sector by building autonomous robots capable of filming up to
Lipton and Levine of Invictus Property Advisors facilitate $6.45 million sale located at 315 West 29...
September 21, 2021
Manhattan, NY Invictus Property Advisors facilitated the sale of a multifamily property in the Chelsea neighborhood. The sale price was $6.45 million ($1,111 per s/f.) The deal was handled by Josh Lipton and Andrew Levine of Invictus.
Marks and Lebor of TerraCRG broker $3.15m off-market sale
September 21, 2021
Brooklyn, NY TerraCRG, a leading commercial real estate brokerage firm in the borough, has closed on the $3.15 million sale of a 3,600 s/f property located at
Sozio and Lee of Ariel Property Advisors arrange $25.35 million sale
September 21, 2021
Manhattan, NY Ariel Property Advisors has arranged the sale of 104-110 West 144th St., an affordable multifamily building in
Hudson Partners Dev., Enterprise, and CPC start 88-unit housing project
September 21, 2021
Schenectady, NY Hudson Partners Development, Enterprise Community Partners (Enterprise) and The Community Preservation Corp. (CPC) started construction on
Hastings Capital sells five-acre parcel at Enterprise Park at Calverton for $400,000 per acre
September 21, 2021
Riverhead, NY Hastings Capital has sold a five-acre vacant parcel of land for $400,000 per acre at Enterprise Park at Calverton (EPCAL) to Calverton Fields, LLC owned by Apple Honda Dealership.
Law: Prevailing wage law for IDA projects goes into effect on Jan. 1, 2022 - by John Gordon
September 21, 2021
Starting January 1, 2022, certain construction projects receiving tax benefits as a result of the involvement of an IDA must pay prevailing wage.
Rudin secures two leases totaling 71,901 s/f
September 21, 2021
Manhattan, NY The Rudin Family has finalized two leasing transactions totaling 71,901 s/f at 32 Avenue of the Americas.
TAYLOR participates in annual “21 Stories For Scouts” event
September 21, 2021
Rochester, NY As part of the 8th Annual Seneca Waterways Council “21 Stories For Scouts” rappelling event on