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BFC Partners welcomes Verizon to Empire Outlets on Staten Island
November 17, 2020
Staten Island, NY According to BFC Partners, Verizon Wireless opened a new location inside Empire Outlets, the 350,000 s/f retail complex in the St. George neighborhood. The store opened in late October,
Hook & Reel Restaurant takes 5,656 s/f at Concourse Plaza
November 17, 2020
Bronx, NY Cajun seafood restaurant Hook & Reel has signed a 15-year lease for 5,656 s/f at Concourse Plaza, according to The Feil Organization, the shopping center’s owner and manager. Randall Briskin and Nicholas Dries,
New York City retailers and restaurateurs face unprecedented challenges in today’s market - by Jos...
November 17, 2020
New York City retailers and restaurateurs may, for the first time, see the availability of percentage-of-sales deals on a large scale. In a lease of that sort, the tenant does not pay a base rent, but a percentage of their sales income
A lawyer discusses settling mechanic’s liens, and problems that may arise - by C. Jaye Berger
November 17, 2020
Many business people are in a panic these days about money and getting paid. The economic supply line is temporarily broken due to the pandemic and everything is getting backed up in the system. If a building owner is
Can a Section 1031 exchange be performed with the acquisition of an underwater property? - by Sand...
November 17, 2020
When a taxpayer is faced with a pending foreclosure or a deed-in-lieu sale on investment or trade or business property, the taxpayer may be faced with a potential taxable gain when the property is “underwater.” A property is
Rockport Mortgage and LIHC Investment Group facilitate $140m financing
November 17, 2020
West New York, NJ Rockport Mortgage Corp. and LIHC Investment Group closed a $140 million FHA Section 223(f) refinancing loan for Parkview Towers, a 688-unit property. The development consists of
Yuen of Greystone originates $6.5m Fannie Mae DUS loan for Queens refi
November 17, 2020
Queens, NY Greystone, a leading national commercial real estate finance company, has provided a $6.5 million Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance a multifamily property
Cronheim arranges $2.75 million permanent financing
November 17, 2020
Manhattan, NY Cronheim Mortgage arranged $2.75 million in permanent financing for the subject, a four-story, walk-up retail and apartment building located in Midtown East. The interest rate was locked six months prior to
CubeSmart to acquire $540m self-storage portfolio
November 17, 2020
New York, NY According to CubeSmart, it has entered into an agreement to acquire a portfolio of eight self-storage properties in the city from Storage Deluxe for $540 million. The portfolio, currently professionally managed
Construction begins for Rockaways - Atlantic Shorefront project
November 17, 2020
Queens, NY On the 8th anniversary of Hurricane Sandy, governor Andrew Cuomo, mayor Bill de Blasio and U.S. Army Corps of Engineers colonel Matthew Luzzatto celebrated the start of construction on the
Howard Hughes Corp. unveils plan for affordable housing at 250 Water St., revived Seaport Museum
November 17, 2020
Manhattan, NY The Howard Hughes Corp., (HHC) unveiled a comprehensive proposal for Lower Manhattan’s Seaport area, including the transformation of an underutilized full-block surface parking lot into a mixed-income
ABS Partners R.E. arranges 32,078 s/f
November 17, 2020
Bronx, NY ABS Partners Real Estate has arranged leases with tenants, SOMOS Community Care, C.A.C. Industries and Lifestance Health at 5500 Broadway also known as Broadway Crossing. The building was represented by
Communitas America and HGI America unveil Heyground
November 17, 2020
Bronx, NY Communitas America, a social impact organization supporting changemakers that address the systemic impediments and lack of access to economic opportunities in under-resourced communities, has unveiled Heyground, a new social innovation accelerator located at The Hub in the South Bronx, set to open in 2021. Developed by HGI America, Inc.,
IREON welcomes James Pirot of Cresa to its roster
November 3, 2020
Westbury, NY IREON welcomes James Pirot, managing principal, project management NY Office of Cresa to jointly hold the exclusive commercial real estate brokerage tenant representative firm category
IREON to offer free webinar “Building Compliance, its Laws and Regulations.”
November 3, 2020
Westbury, NY IREON is offering a free webinar for real estate owners, developers, owners, operators and tenants, “Building Compliance, its Laws and Regulations.” The webinar will be held
IREON welcomes Linda Alexander of Alexander Marketing Communications Corp. to its roster
November 3, 2020
New York, NY IREON welcomes Linda Alexander, founder and president of Alexander Marketing Communications Corp. to hold the exclusive Public Relations firm category on their membership roster.
IREON welcomes Peter Sabesan of Cresa to its roster
November 3, 2020
New York, NY IREON welcomes Peter Sabesan, managing principal at Cresa to hold the exclusive category in commercial real estate brokerage for tenant occupants.
IREON welcomes Jeff Bernard of Rampart Insurance to its roster
November 3, 2020
New York, NY IREON welcomes Jeffrey Bernard of Rampart Insurance Services to its roster as member representative to hold the exclusive insurance provider category.
Avant-Garde Network presents Diversity in Commercial Real Estate Virtual Summit Nov. 14
November 4, 2020
New York, NY According to Adeola Adejobi, Esq., founder and CEO of Avant-Garde Network, the world is adjusting to new realities brought on by a global pandemic and social unrest. The commercial real estate industry is acknowledging the need for
Executive of the Month: Haddad of Elijah Equities is reinventing commercial office space with The Wa...
November 3, 2020
New York, NY The New York Real Estate Journal (NYREJ) sat down with James Haddad, principal at Elijah Equities, our executive of the month, for a question and answer session.