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Public Relations: Preparing for the new normal - by Harry Zlokower
August 18, 2020
As New York slowly transitions from crisis to what experts believe will be the new normal, some experts are anticipating significantly more remote work, re-shaping of offices and accompanying behavior to include sanitizing, temperature
Suffolk IDA preliminarily approves Spectronics Corp. acquisition/renovation of two Melville properti...
August 18, 2020
Melville, NY The Suffolk County Industrial Development Agency (SCIDA) has preliminarily approved a transaction to assist Spectronics Corp. in acquiring and renovating an existing 24,244 s/f building located at 135 Maxess Rd. and
K & R Preservation acquires 581-unit affordable housing complex in Brooklyn for $79 million
August 18, 2020
Brooklyn, NY K & R Preservation, a New York City-based affordable housing development firm owned and operated by its principals Francine Kellman and Brian Raddock, completed the acquisition of Spring Creek Gardens Apartments,
Funiciello of JF Real Estate leases 3,146 s/f to Prime Time Marketing
August 18, 2020
Liverpool, NY According to JF Real Estate, Prime Time Marketing (PTM) has leased 3,146 s/f at 890 Seventh North St. The property is owned by FRW Properties LLC.
Meridian Capital Group arranges $225 million financing for Cape Advisors' multifamily development pr...
August 18, 2020
Queens, NY Meridian Capital Group arranged $225 million in construction financing for a ground-up multifamily development project on behalf of Craig Wood and David Kronman of Cape Advisors Inc.
Norman Bobrow & Co. closes10,000 s/f long-term lease with Dollar Tree
August 4, 2020
Warsaw, VA Bobrow-Warsaw, LLC, the New York-City based owners of the Time Square Shopping Center, have signed Dollar Tree to a long-time lease for a 10,000 s/f anchor store on the site of the former Ames Department Store.
Architects and engineers help schools envision safe designs for COVID Era
August 14, 2020
New York, NY The most contentious debate of the COVID-19 era is unfolding this summer as elected officials, administrators, educators, parents, and students all grapple with how to safely open schools. The team at Urbahn Architects are crafting expert school reopening playbooks for
Bestreich Realty Group is sole broker in $2.325 million multifamily sale
August 14, 2020
Brooklyn, NY Bestreich Realty Group (BRG) handled the closing of 26 Park Pl. in the Park Slope neighborhood. The property sold for $2.325 million. This 3,000 s/f multifamily has three apartments which were all delivered vacant and priced at $775 per s/f.
How ground leases can help not-for-profits redevelop their properties, part 2 - by Patrick O’Sulli...
August 4, 2020
For not-for-profits where an opportunity exists to monetize their property’s value to help finance the construction of a new facility, a ground lease offers significant flexibility for structuring a development transaction. With that flexibility comes a complex set of
Zaken joins JAACRES
August 4, 2020
New York, NY David Zaken has joined the JAACRES commercial real estate brokers. He will report to JAACRES president Joseph Aquino
Meridian Investment Sales retained as exclusive agent for Queens warehouse
August 4, 2020
Queens, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, has been named exclusive agent for sale 97-25 Beach Channel Dr.
Building Energy Exchange launches Architect Leadership Council to accelerate decarbonization of NYC ...
August 7, 2020
New York, NY The Building Energy Exchange (BE-Ex) has formed the Architect Advisory Council (AAC), a collaborative project with the NYC Mayor’s Office of Sustainability and New York Energy Research and Development Authority to engage city architectural leaders in
The new era of retail in NYC: Lessons learned from COVID-19 - by David Asfour and Christina Magrans
August 7, 2020
When the COVID-19 pandemic first hit the United States, the retail industry came to a screeching halt. In New York City specifically, the epicenter of it all, neighborhoods, especially those with a strong concentration of retail, were left
Affordable housing design in the wake of a pandemic by Walter Marin
August 7, 2020
As we’re all aware, the media has been consumed by COVID-19 related-content for months, exploring every sector impacted by the pandemic. On top of the pandemic news, there has also been quite a bit of recent coverage on New York City’s 2021 affordable housing budget cuts.
Shorenstein of Hildreth RE Advisors and industry executives meet weekly to maintain their real estat...
August 6, 2020
Sag Harbor, NY This summer a group of New York real estate executives meet at Mashashimuet Park early every Wednesday morning–and challenge each other on the tennis courts. Not only does the group practice
Commercial vs. residential real estate in the pandemic by Kris Lindahl
August 7, 2020
COVID-19 has affected every industry on earth, and real estate is certainly no exception. But what I’ve found most interesting is the gap between its effects on the commercial vs. residential markets. On the residential side, many markets have remained remarkably strong and resilient.
Gobii launches its NYC Platform, system for NYC landlords and management companies
August 6, 2020
New York, NY Gobii celebrated the release of its NYC Platform, combining landlord tools and public portal interconnected by a consolidated communication system that brings landlords, management companies and their renters closer together. The site uses
Schoen Group of Savitt Partners handles 61,000 s/f lease for Mother New York at Brooklyn’s Roulsto...
August 6, 2020
Brooklyn, NY According to the Schoen Group of Savitt Partners (Savitt), Mother New York (Mother), an independent creative company with offices in London, Shanghai, Los Angeles and South America, has signed a 61,000 s/f, 15-year lease at the Roulston House in the
Paving New York State’s path to economic recovery - by Ross Pepe
August 6, 2020
“New York, like states all across the country, confronts the immediate effects of a paralyzing national recession, the longer-term challenge of improving our competitive position in the global economy, and the specter of a dangerous, ugly divisiveness among our people.”
Empire Commercial Construction nears completion
of new 3,375 s/f Sweet Life location in Henriett...
August 4, 2020
Henrietta, NY Empire Commercial Construction, a retail-specific company of regional general contractor Taylor–The Builders, is completing construction of the new Sweet Life location