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District Real Estate Advisors sell Dollar General for $1.621m
July 6, 2021
Olcott, NY Tim Bulman and Greg Feroli of District Real Estate Advisors completed the sale of a 2020 upgraded construction Dollar General for $1.621 million, representing the seller,
M&T Bank sells Syracuse campus to Douglas Development for $7.155 million
July 6, 2021
Syracuse, NY M&T Bank has sold its downtown regional campus near Clinton Square to a developer from the Washington D.C./Virginia area.
Hines tops off 246-unit multifamily NorthLight at Edge-on-Hudson
July 6, 2021
Sleepy Hollow, NY According to Hines, the international real estate firm, NorthLight at Edge-on-Hudson has topped off. The new apartment community will bring 246 rental apartments to
Khodadadian and Shirazi of Skyline Properties handle $10.85 million
July 6, 2021
Bronx, NY Skyline Properties sold 1340 Lafayette Ave., 749 Whittier and 745 Whittier St. in the Hunts Point section of the Bronx to Wildflower Ltd. for $10.85 million.
Lieberman of Resolution Real Estate Partners arranges two leases at 1385 Broadway
July 6, 2021
Manhattan, NY Evan Lieberman, senior director/leasing, Resolution Real Estate Partners, LLC, a member of NAI Global, has arranged new leases for New Eagle Enterprises Inc. and
Marcus and Azarian of Marcus & Pollack achieve tax cut for Marriott Courtyard at Laguardia Airport;...
July 6, 2021
New York, NY In a decision that could have implications for all NYC hotels, a Queens Court handed down a ruling that reduced the property taxes to
IREON Members discuss 1031 Exchanges
July 6, 2021
How will the Biden Administration’s position on real estate investment and 1031 exchanges impact the NY Metro market?
Executive of the Month: Melissa Billig, partner at Ingram goes above and beyond to help the real est...
July 6, 2021
New York, NY Melissa Billig and her colleagues at Ingram Yuzek Gainen Carroll & Bertolotti, LLP have always been sensitive to the varying needs of clients and
ADM Landscape named exclusive NY Metro distributor for Respira
July 6, 2021
New York, NY According to ADM Landscape Corp., a full-service design, build and maintenance landscaping firm that works with residential, commercial, and municipal clients
Defining value in today’s market - by Shallini Mehra
July 6, 2021
We can all agree that it has been a tumultuous year in and outside of business. As we attempt to return to normalcy and put our best foot forward, an old saying comes to mind
Question of the Month: How does an owner buy or sell air rights? - by Christopher Wright
July 6, 2021
The NYC Zoning Resolution (ZR), a statue that governs NYC zoning regulations, allows property owners to transfer unused air rights (a.k.a “development rights”) to neighboring properties. The transfer of
Goldflam and Chang of Highcap Group sell SoHo properties: $11.2 million
July 6, 2021
Manhattan, NY Josh Goldflam, co-founder and principal of Manhattan based commercial real estate firm Highcap Group, along with senior broker Charles Chang
Sinatra joins AmTrust Title Insurance Co.
July 6, 2021
New York, NY AmTrust Title Insurance Co. named Nicolette Sinatra as its new business development representative. Sinatra will be responsible for leading
Ariel Property Advisors arranges $48.8m financing
July 6, 2021
New York, NY Ariel Property Advisors’ Capital Services Division closed $48.8 million in financing for a diversified range of properties and portfolios, from
Construction Law: The importance of maintaining property - by C. Jaye Berger
July 6, 2021
When buildings are having repair work done, they are very focused on completing the work as specified in the particular drawings. They have someone observing the
CBRE brokers $54 million sale of The Henry for Spirit Investment Partners/Bascom Group JV; Harbor Gr...
July 6, 2021
Pomona, NY CBRE handled the $54 million sale of The Henry, a 169-home luxury apartment community. The CBRE team of Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley,
Newmark arranges $350 million loan for Angelo Gordon and The WE’RE Group
July 6, 2021
Long Island, NY Newmark, on behalf of Angelo Gordon and the WE’RE Group, has arranged a $350 million floating rate, securitized loan for the
Klosed Properties acquires six properties for $34 million total; Rosewood Realty and Namdar Realty c...
July 6, 2021
Manhattan, NY Klosed Properties has completed two acquisitions: Klosed acquired 568, 570, 574, 576 and 578-590 9th Ave. for $26 million. The properties are located in the Hell’s Kitchen
Carini of Carini Group lists 3,381 s/f penthouse in Manhattan
June 22, 2021
Manhattan, NY Alex Carini, founder and CEO of Carini Group, has listed a, 3,381 s/f, three-story penthouse with a rooftop patio at 16 Warren St. in TriBeCa. The residence is the only penthouse within the 10-story property
PJ Venture (Cosentino Realty) mourns loss of Baker, director of projects, at age 76
June 25, 2021
Smithtown, NY It is with a heavy heart and a deep amount of sorrow that PJ Venture (Cosentino Realty) mourn the sudden loss of their beloved director of projects John Edward Baker. Baker passed away