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Question of the Month: Property taxes: Does construction cost equal value? - by David Wilkes
August 18, 2020
A frequent source of owner angst occurs when significant capital is spent on construction to erect, modify or expand a property and the local tax assessor immediately responds by increasing the assessed value by nearly the same amount that
Prestano joins Syska Hennessy Group
August 18, 2020
New York, NY Salvatore Prestano, PE, an engineering executive with over 30 years of experience, has joined the NYC office of Syska Hennessy as associate practice area director – energy services.
SG Blocks and Grimshaw partner to create modular education facilities
August 18, 2020
New York, NY SG Blocks, Inc., a leading designer, innovator and fabricator of container-based structures, has teamed up with Grimshaw, a global leader in architecture, planning and industrial design across many major sectors, to
Jack Resnick & Sons completes lobby renovation at Gracie Mews
August 18, 2020
Manhattan, NY Jack Resnick & Sons completed construction on its newly redesigned lobby at Gracie Mews, its 35-story residential tower on the Upper East Side.
P.W. Grosser Consulting welcomes Kaim and Brignoni
August 18, 2020
Bohemia, NY P.W. Grosser Consulting, Inc. (PWGC) has hired Katelyn Kaim and Mike Brignoni. As new associates, Kaim will work in association with PWGC’s Environmental Unit while Brignoni will work with the firm’s Engineering Unit.
Crystal Windows offers online learning: CE credit webinars
August 18, 2020
Queens, NY In response to the continuing pandemic situation, Crystal Window & Door Systems has increased its webinar training on evolving window performance and design standards for architecture and other professionals to
Hotels in a competition for cleanliness amid COVID-19 - by Randy Shelly
August 18, 2020
The hospitality industry took one of the biggest financial hits during the pandemic–however it’s also in the position to make one of the biggest comebacks. As leisure travel begins to pick up, hotels are in a competition for
Cerami & Associates create Cerami Acoustic Reality
August 18, 2020
New York, NY To make sure that CEO of Citigroup Mike Corbat would be heard loud and clear during any speech given from the firm’s Town Hall, Cerami’s Acoustic Reality experts, working with
Dyer Brown Architects unveils redesigned restaurants, restrooms
August 18, 2020
New York, NY Dyer Brown Architects, known for restaurant concepts and designs, is making news with inventive and cost-effective approaches to rethinking booths, partitions and bathrooms.
Alan Margolin & Associates launches Structural Engineering Division
August 18, 2020
New York, NY Alan Margolin & Associates (AMAA) has launched their Structural Engineering division. The new division complements their suite of Class One Special Inspections and Material Testing services.
Fort Schuyler House, Inc., and MDG complete Fort Schuyler House, senior housing project
August 18, 2020
Bronx, NY Fort Schuyler House, Inc., MDG Design + Construction, LLC (MDG), Smith & Henzy Advisory Group, Inc., Concord Management of New York, and partners celebrate the completion of the revitalization and refinancing of
When will business come back? Some advice from an experienced NYC broker - by Joseph Aquino
August 18, 2020
A property owner might hope that the real estate situation in New York might return to near-normal by the end of this year, but it might be safer to assume that the recovery will take much longer. In the latter case, you might want to
10 things to know about renovations during the COVID Pandemic - by C. Jaye Berger
August 18, 2020
As the shock and haze from the onset of the pandemic is starting to lift a bit in New York, people are starting to think once again about renovations. It is interesting to see how attitudes have changed from before the pandemic to now.
Section 199A rental real estate safe harbor rule: The rules continue to evolve - by Sandy Klein
August 18, 2020
For the purposes of the qualified business income deduction (QBID), the Internal Revenue Code and proposed regulations issued in August did not make clear if rental real estate is a trade or business and, therefore, whether it qualifies for
With possible change on the horizon, a bright spot amid COVID: The Delaware Statutory Trust (DST) - ...
August 18, 2020
It certainly has been a wild year so far and continues to be in about every way possible. As I glanced out the window during a Zoom conference I was hosting this week, a couple of the trees on my property looked like they might end up
Complex deals during COVID - by Chris Graham
August 18, 2020
The impact of COVID-19 has brought increased market volatility to the real estate sector as investors seek to divine the short-term impact of restricted openings and potential long-term impact of increased online shopping and working
Silverstein Props. and Cushman & Wakefield collaborate in lease 13,751 s/f to NCF at 120 Wall St.
August 18, 2020
Manhattan, NY According to Silverstein Properties, Nathan Cummings Foundation (NCF), a nonprofit grantmaking foundation, has signed a 12-year, 13,751 s/f lease at 120 Wall St. Currently located at 475 10th Ave.,
Gorjian Acquisitions sells Brooklyn retail condominium
August 18, 2020
Brooklyn, NY Joel Gorjian, a national real estate investor and President and CEO of Gorjian Acquisitions, has completed the sale of the 489 Atlantic Ave. retail condominium as part of a disposition of the firm’s portfolio of
Merchants Capital hires George as EVP, national head of production
August 18, 2020
New York, NY Mortgage banking company Merchants Capital has hired Dwayne George as executive vice president, national head of production.
Sparks of GFI reps buyer in $11.9 million sale of two Staten Island buildings
August 18, 2020
Staten Island, NY GFI Realty Services, LLC completed the sale of 100 Belmont Pl. and 101 Daniel Low Terr., two six-story elevator apartment buildings occupying a single lot in the St. George neighborhood. The sale price was