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Triangle Equities completes model units at 80-residence Kensington Estates in Woodbury
December 1, 2020
Woodbury, NY Triangle Equities completed two new model residences—The Ascot & The Derby—at Kensington Estates, a 55-and-over luxury community on Long Island’s North Shore. Currently in pre-sales, the first townhomes are anticipated to be move-in ready before year’s end.
Sherman of Manhattes Group collaborates with Kalmon Dolgin in $4.2 million sale
December 1, 2020
Brooklyn, NY According to The Manhattes Group, they have sold a 11,844 s/f building for $4.2 million. Michael Sherman of The Manhattes Group acted on behalf of the buyer, 419 16th Street LLC. Neil Dolgin and Michael Blum of Kalmon Dolgin represented the seller, Abead Realty Corp.
HAP Investments breaks ground on $150 million 65 Franklin – 110,000 s/f mixed-use development
December 1, 2020
Manhattan, NY HAP Investments, a leading New York-based real estate investment and development company, today announced the groundbreaking for 65 Franklin St., a new luxury residential and retail development in Tribeca. The projected cost of the development is $150 million.
Zara Realty bringing 218,000 s/f residential building to Queens
December 1, 2020
Queens, NY A new residential development set to be built in the Jamaica neighborhood will create new affordable housing and bring significant investment into the community at a time when COVID-19 has continued to present severe economic challenges. Zara Realty’s new nine-story, 218,000 s/f residential building
Delshah Capital and OTL Enterprises celebrates topping out at 22 Chapel
December 1, 2020
Brooklyn, NY START Treatment & Recovery Centers, one of New York’s largest independent drug treatment agencies, celebrated the topping out of 22 Chapel St., a joint venture with Delshah Capital and OTL Enterprises. The 20-story residential tower will house START’s headquarters and bring more affordable housing to the area.
Oxford Properties raises final beam for St. John’s Terminal dev. with Turner Construction, Google,...
December 1, 2020
Manhattan, NY Oxford Properties Group, joined by Turner Construction, Google, and COOKFOX Architects raised the final steel beam of the St. John’s Terminal development and raised thanks to the 500 person construction team that has seen the building top off on schedule despite the pandemic.
Westchester County Office of Economic Development launches program to help businesses pivot and rebu...
November 17, 2020
White Plains, NY Focused on supporting local businesses struggling during the pandemic, county executive George Latimer and the Westchester County Office of Economic Development unveiled Westchester RISES, a free program designed to support
Kenne Shepherd Interior Design Arch. completes store for EQ3
November 17, 2020
Norwalk, CT Kenne Shepherd Interior Design Architecture, PLLC (KSI) has opened their second store for Canadian furniture retailer EQ3 in Brookfield Property Retail’s SoNo Collection Mall, EQ3 continues their U.S. expansion.
Agovino, esteemed construction attorney and former partner at FDT, passes at age 74
November 23, 2020
Uniondale, NY Peter Agovino, a former partner at Forchelli Deegan Terrana LLP (FDT) in and former co-managing partner of Agovino & Asselta, LLP, passed away on November 16th, 2020. He was 74.
Schaefer and Hoekzema promoted to managing directors and co-presidents at Kemper System America, Inc...
November 17, 2020
West Seneca, NY Kemper System America has promoted Christian Schaefer and Joseph Hoekzema to managing directors and co-presidents, overseeing operations across Northern America, effective December 1st, 2020.
National CRE Diversity & Inclusion Initiative Project REAP Seeks Candidates for Open Access Communit...
November 17, 2020
New York, NY Project REAP (Real Estate Associate Program), one of the nation’s leading efforts to advance diversity, equity and inclusion in the commercial real estate (CRE) industry, is launching Open Access, an initiative to increase diverse representation in community development finance.
IREON welcomes Brad Klatt, Jeffrey Hendler and David Klatt of Logical Buildings to its roster
November 17, 2020
Westbury, NY IREON is honored to welcome Brad Klatt, co-founder / chairman, Jeffrey Hendler / co-founder / CEO and David Klatt, COO of Logical Buildings to hold the exclusive Energy Conservation services category.
IREON welcomes Brendan O'Brien of United Rentals to its roster
November 17, 2020
Westbury, NY IREON is honored to welcome Brendan O'Brien, account manager, Tri-State Region of United Rentals to hold the exclusive Rental Equipment category.
H Equities finances 183-asset SFR loan portfolio across five states for $8.125 million
November 17, 2020
Brooklyn, NY H Equities, a Brooklyn N.Y. based private lender, has provided $8.125 million of debt and equity financing for the acquisition of a sub-performing loan pool comprising 183 single family residential rental assets in Missouri, Tennessee, Indiana, Texas and Florida.
The Doe Fund hosts Winter Coat Giveaway sponsored by Jack Jaffa & Associates
November 17, 2020
Bronx, NY On Wednesday, November 18th at 12:30 PM, NYC-based nonprofit The Doe Fund will host a winter coat giveaway for the tenants of Webster Green, The Doe Fund’s
No foreclosures for technical mortgage defaults - by Thomas Kearns
November 17, 2020
I started my legal career in the early 1980’s, an era of very high interest rates. As a young law clerk I worked on several matters where lenders holding older, long term mortgages at much lower rates would try to default borrowers based on technical violations of the
Utilizing installment sales instead of 1031: Section 453 is a unique part of the tax code - by Micha...
November 17, 2020
As I write this article, many are bracing for what may be major changes to the tax code that could add millions in additional liabilities for many. Real estate investors have taken advantage of section 1031 for many years to
Rosewood Realty Group closes $5.35 million Bronx multifamily sale
November 17, 2020
Bronx, NY Rosewood Realty Group completed the $5.35 million sale of a four-story walk-up building in the Pelham Bay neighborhood. The 27,000 s/f building, 1921 Hobart Ave.,
Target opens three new small-format stores
November 17, 2020
New York, NY Target celebrated the opening of three new small-format stores in Manhattan and Staten Island. The official grand opening was Sunday, October 25th. Target will employ over 350 team members across the three stores:
Renaissance Props. reports surge in pre-war office space interest
November 17, 2020
New York, NY As business owners begin to bring their workforces back into the office, landlords and tenant reps are reporting a surge of interest in pre-war office space. Citing concerns over open floor plans, ventilation and lobby flow, office tenants are now