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The Boulder Group arranges $4.836m sale of net leased Walgreens
October 6, 2020
Williamson, NY The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 4061 NY-104 for
The Agency issues RFPs, Statement of Qualification for Union redevelopment
October 6, 2020
Binghamton, NY The Agency, Broome County Industrial Development Agency and Local Development Corp., has issued a request for proposals (RFP) and statement of qualifications for the purchase and redevelopment of the site located at 4301 Watson Blvd., Town of Union, Broome County, formerly
Ranieri of NorthMarq arranges $9.4 million refinance
October 6, 2020
Rochester, NY Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains office arranged the $9.4 million refinance of Hidden Creek Townhomes and Apartments. The 227-unit multifamily property is located on Charwood Circle. The transaction was structured with a 10-year
CPC creates $20 million ACCESS initiative
October 6, 2020
New York, NY The Community Preservation Corp. (CPC), a nonprofit affordable housing and community revitalization company, has created the $20 million CPC Acquiring Capital and Capacity for Economic Stability and Sustainability (ACCESS) initiative that will
Adams & Co. executes 26,170 s/f lease for Keeco at 390 Fifth Ave.
October 6, 2020
Manhattan, NY According to Adams & Co. Real Estate, LLC, Keeco, a home textiles supplier, signed a 26,170 s/f lease at 390 Fifth Ave. The company will be relocating from 295 Fifth Ave. to an office and showroom space on the entire 2nd floor and partial 5th floor of 390 Fifth Ave. by Q1 2021.
TRITEC gets approval for $165m apartment project
October 6, 2020
Bay Shore, NY According to TRITEC Real Estate Co., related-entity TREC Bay Shore, LLC received unanimous approval for the rezoning of 1700 Union Blvd. from Business District
Wilder Balter Partners break ground for $50.8 million development in Peekskill: 645 Main
October 6, 2020
Peekskill, NY On September 9th, 645 Main, a new $50.8 million mixed income residential development by Wilder Balter Partners, officially broke ground, supporting the city’s commitment to future growth and the redevelopment of its downtown. Joining Bill Balter, president, Wilder Balter Partners
Kalikow Group, WRS Associates and The Ishay Group begin leasing at The Sidney
October 6, 2020
Brooklyn, NY According to The Kalikow Group, leasing activities have commenced at The Sidney, a new, 68-unit, residential building located at 2415 Church Ave. in the Prospect Lefferts
TANKHOUSE tops out 450 Warren with SO–IL
October 6, 2020
Brooklyn, NY According to developer TANKHOUSE, 450 Warren, an 18-residence condominium between Bond and Nevins Sts. in Gowanus has officially topped out at five stories and 55 ft. 450 Warren is the first
SL Green celebrates opening of One Vanderbilt Ave., 1,401-ft. tower with partners Hines and National...
October 6, 2020
Manhattan, NY SL Green Realty Corp., one of the city’s largest office landlords, along with its partners Hines and National Pension Service of Korea, marked the opening of One Vanderbilt Ave., a skyline-defining tower in East Midtown. SL Green leadership was joined at a ribbon-cutting ceremony by
Asset Preservation to offer webinar series for attorneys, CPAs and all real estate professionals
October 3, 2020
Asset Preservation, Inc. is again offering a series of webinars for attorneys, CPAs and all real estate professionals. The free webinars will take place during the month of October, and will cover 1031 principles, parking arrangements,
Topaz Capital Group refinances Topaz Villas JAX with JV partner Lynd Cos.; financing by Arbor
September 22, 2020
Jacksonville, FL New York City-based Topaz Capital Group LLC, and JV partner, Lynd Cos. have completed the refinancing of Topaz Villas JAX, located at 5327 Timuquana Rd. on Wednesday, Sept. 15th.
Topaz Capital Group acquires 216-unit multifamily property
September 25, 2020
Jacksonville, FL New York City-based Topaz Capital Group LLC has acquired its third multifamily property in the area with the closing of the 216-unit Planters Walk Apartments in Duclay submarket. The deal was brokered in an off-market transaction by
Statement by REBNY president Whelan regarding the withdrawal of the Industry City’s rezoning appli...
September 23, 2020
Brooklyn, NY The developers of Industry City withdrew their application to rezone a development site, which will result in nearly 20,000 good-paying jobs at a time when 400,000 New Yorkers have lost their jobs due to the ongoing Coronavirus (COVID-19) pandemic. Real Estate Board of New York (REBNY) president James Whelan issued the following statement
Hildreth Real Estate Advisors acquires 11,000 s/f self-storage property and business on Long Island
September 23, 2020
Lindenhurst, NY Hildreth Real Estate Advisors purchased a longtime storage facility building downtown that the real estate company plans to rebrand and open under a new name and new management. The 11,000 s/f, three-story building “All Storage Enterprise” at
September Spotlight: What's Trending
September 22, 2020
New York, NY The New York Real Estate Journal (NYREJ) published its monthly spotlight. September's issue is titled What's Trending. Hear from
Long Island commercial real estate tax forecast - by Douglas Atkins and Robert Renda
September 22, 2020
As Long Island business and property owners continue to grapple with the impact of COVID-19, the coming months will be a bellwether for the commercial real estate market and
Transforming retail centers into mixed-use developments with a multifamily component - by Rick Birdo...
September 22, 2020
Since March, the economic impact of COVID-19 continues to unfold globally. We’ve never experienced a world like 2020 and if one thing’s for certain, the rapid pace at which the
Real estate values and COVID-19 - by John Rynne
September 22, 2020
The recent trends in real estate valuation has been heavily influenced by COVID-19. It’s been five months since the first major lockdown due to the COVID-19 virus which started to
How to exit the real estate merry-go-round in a tax efficient way - by Jordan Toder
September 22, 2020
The prospect of paying tax on long held real estate assets lead many owners to seek a Section 1031 tax free exchange. That solution, and it’s restrictions, have given birth to