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Top 2020 legal developments affecting NY’s CRE industry - by Thomas Kearns
January 19, 2021
2020 will be remembered for COVID-19 and more COVID-19. The pandemic closed offices and retailers for a time and reduced office occupancy dramatically for nine months. It is beyond the scope of this column to cover all the litigation
Kislak Co. wraps 2020 with $600 million in sales volume
January 19, 2021
Woodbridge, NJ The Kislak Co., Inc. reported strong investment sales and commercial sales and leasing activity in 2020 closing more than 140
Goldwasser of FIA Capital Partners acts as ownership’s chief restructuring officer for 174-room T...
January 19, 2021
Brooklyn, NY Faced with foreclosure, The Tillary Hotel filed for bankruptcy last month in yet another example of New York City’s hospitality woes. The 174-room boutique hotel and
Rosenfeld of Schuckman Realty sells mixed-use building in Queens
January 19, 2021
Queens, NY Schuckman Realty has facilitated the sale of a 3,640 s/f mixed-use building, consisting of two residential apartments above 1,800 s/f of commercial space
Eastern Union assisting with second round PPP loans
January 19, 2021
Brooklyn, NY Business owners nationwide can now register for loans under the second round of the Small Business Administration’s Paycheck Protection Program (PPP) through
2020 goodbye, 2021 hello - by Rick Kaplan
January 19, 2021
What a wild ride we had in 2020. When I look back at the past year things have happened that you thought would only happen in a movie. The pandemic hit in February and just like that the whole world changed. We went from going into work,
Westchester County EDC grants second round of funding
January 19, 2021
Westchester County, NY The Westchester County Office of Economic Development has announced a second round of funding for
Investment Sales: Brooklyn will become the choice for New Yorkers who plan to stay - by Justin Conwa...
January 19, 2021
Market dynamics have been impacted greatly due to the COVID-19 pandemic and the displacement of tenants from major cities. Many longtime residents have opted to move to the suburbs due to office closure and desire for more space. A survey of
Hakimi Capital Group acquires medical portfolio for $2.2 million; Salomone of Houlihan Lawrence is b...
January 19, 2021
Brewster, NY Hakimi Capital Group acquired a two-building medical office portfolio for $2.2 million.
TAYLOR, the Builders nears completion of Seneca Street Infill project
January 19, 2021
Buffalo, NY TAYLOR, the Builders, a leading regional commercial general contractor in Upstate, is nearing completion of the construction to create the Seneca Street Infill located at 864 and 872 Seneca St., anchored by the fourth location of
Bestreich Realty Group facilitates two sales totaling $2.975 million
January 19, 2021
Brooklyn, NY Bestreich Realty Group (BRG) has completed the sale of 175 Conselyea St. in Williamsburg for $1.5 million. This 2,571 s/f multifamily is
JLL Capital Markets arranges 195,610 s/f warehouse sale: $74.5 million
January 19, 2021
Hicksville, NY JLL Capital Markets closed the $74.5 million sale of Lincoln Logistics @ Hicksville, a brand new, 195,610 s/f distribution warehouse on
Klosed Properties acquires 32,000 s/f Brooklyn multifamily for $2.5 million
January 15, 2021
Brooklyn, NY Klosed Properties acquired 285 Quincy St. for $2.5 million. The property is a 21-unit multifamily
Delisle of Island Associates Real Estate Inc. brokers sale of 71,646 s/f shopping center
January 5, 2021
Silver Springs, FL Roger Delisle of Island Associates Real Estate Inc. negotiated and closed the purchase and sale of the shopping center located at 15924 E. State Rd. 40.
Carillo of HKS Real Estate Advisors representing East West Development in LIC site sale
January 5, 2021
Queens, NY Peter Carillo of HKS Real Estate Advisors is representing East West Development in the sale of a Long Island City development site.
Piasecki, Prager and Zukerman join Lev
January 5, 2021
New York, NY According ot Lev, a technology company focused on modernizing commercial real estate transactions, Justin Piasecki, managing partner; Aaron Prager, director; and Avi Zukerman, director, have joined
The Real Estate Institute names Ryan and Burman to its Board of Directors
January 5, 2021
Stony Brook, NY The Real Estate Institute (REI) has added Victoria Ryan, managing principal of VR/PR and Scott Burman, principal at Engel Burman to
Island Associates completes three leases at 490 Wheeler Rd.
January 5, 2021
Hauppauge NY Island Associates completed three leases at 490 Wheeler Rd.
Douglas Elliman L.I. welcomes Einemann, Frein and Bologna
January 5, 2021
Huntington, NY Douglas Elliman welcome Donna Einemann, Laurell Frein and Paul Bologna to its Long Island management team, where they will serve as branch managers of Rockville Centre, Syosset and Manhasset, respectively.
Commercial Classroom: COVID-19 continuing updates - by Edward Smith
January 5, 2021
Social distancing has made our business more difficult and challenging. The effects of the pandemic are being felt throughout our industry. Work from home full or part time –some like it, some