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Bortz of Kislak Co. sells 112-unit Evergreen Manor Apartments for $10.28 million
July 21, 2020
Middletown, NY The Kislak Company, Inc. completed the $10.28 million sale of Evergreen Manor Apartments, a 112-unit multifamily property located at 51-95 and 97-127 High Barney Rd. in Orange County. The property is on nine acres and
Asset Enhancement Solutions celebrates extension of Paycheck Protection Program
July 20, 2020
Uniondale, NY More than a dozen executives from companies that obtained Paycheck Protection Program funds with the help of Asset Enhancement Solutions (AES) shared success stories. They and the AES consultants who helped them spoke on July 3rd about how
The importance of COVID-19 safety signage - by Evan Lipstein
July 20, 2020
Thankfully New York City is continuing to reopen. The city has provided COVID-19 safety guidance for property owners to follow. There are many different protocols to follow. This article focuses on COVID-19 safety signs that your building should be installing throughout the building.
Fordham Real Estate Institute, Dansker Capital Group host webinar, “A New Normal: Insiders Look at...
July 7, 2020
strong>New York, NY On Tues., June 30th, the Fordham Real Estate Institute (REI) and Dansker Capital Group hosted a thought-provoking webinar that tackled the state of real estate in the city and where we go from here.
Doshi and Mehra of Meridian, with Glasser and Fusco of Marcus & Millichap sell 66-unit Bronx buildin...
July 20, 2020
Bronx, NY Meridian’s Amit Doshi and Shallini Mehra closed on the sale of 3111 Heath Ave. in the Kingsbridge Heights neighborhood. The six-story elevator building sold for $10.25 million, yielding a capitalization rate of 6.50%, $166 per s/f, $151,500 per unit, and
Hildreth Real Estate Advisors appoints Padway COO
July 17, 2020
New York, NY Hildreth Real Estate Advisors has appointed Max Padway as chief operating officer to oversee the growth of the Hildreth proprietary database, new business initiatives and manage investor relations.
Project REAP issues call to action to the C-suites of leading CRE firms and Fortune 500 Companies
July 7, 2020
New York, NY Project REAP (Real Estate Associate Program), one of the nation’s largest diversity initiatives for commercial real estate (CRE) for over 20 years, has issued a Call to Action addressed to the C-suites of leading commercial real estate firms and Fortune 500 companies.
Eastern Union promotes Lipoff to lead Banking Division
July 17, 2020
Brooklyn, NY Eastern Union has promoted Jacob Lipoff to lead the company’s newly centralized QTS Banking and Capital Markets Division. Holding the title of executive managing director, he will manage the firm’s full scope of banking relationships. With the creation of this division, this component of the business has now been brought in-house.
REBNY releases market reports illustrating the challenges the city and state face as economic recove...
July 17, 2020
New York, NY The Real Estate Board of New York (REBNY) released two market reports illustrating the challenges the City faces as economic recovery begins. REBNY’s Monthly Investment and Residential Sales Report released showed tax revenue generated from
Filler and Koschitzki of Meridian negotiate $12.4 million in acquisition financing for Iris Holding...
July 16, 2020
Staten Island, NY Meridian Capital Group arranged $12.4 million in financing for the acquisition and rehabilitation of two adjacent multifamily properties on behalf of Iris Holdings Group.
Doshi and Mehra of Meridian sell Hamilton Heights property for $5.1 million
July 7, 2020
Manhattan, NY Meridian’s Amit Doshi and Shallini Mehra closed on the sale of 400 West 153rd St. in the Hamilton Heights neighborhood. The landmark building sold for $5.1 million, yielding a capitalization rate of 5.2%, $203 per s/f, $204,000 per unit and
New Rochelle real estate climbs to new heights; 525 Main will feature 351 units
July 7, 2020
It's no secret that New Rochelle's surge in real estate development has continued steadily. It's everywhere apparent that the expanding downtown area is adding more mixed-use and luxury housing than ever.
Bestreich Realty Group completes two sales totaling $5.683 million
July 10, 2020
Brooklyn, NY Bestreich Realty Group (BRG) completed the following: BRG closed the sale of 447 Rogers Ave. for $3.468 million. This mixed-use property consists of six apartments and two stores, priced at $433,561 per unit.
Westbridge Realty Group completes 15 sales totaling over 10 million
July 7, 2020
Bronx, NY Westbridge Realty Group closed 15 transactions in the borough, totaling over $10 million. The deals include: $1.4 million sale of 2412 Webster Ave., a multifamily building in the Fordham neighborhood
IIDA NY Chapter elects Ruby as president for 2020-2021 term
July 7, 2020
New York, NY The International Interior Design Association’s New York Chapter (IIDA NY) celebrated the inauguration of Erin Ruby, IIDA, CID, as chapter president for the 2020-2021 term.
Indiesigns’ COVID-19 signage helping commercial buildings reopen - by Ari Grazi
July 10, 2020
When the pandemic first hit, many commercial buildings and businesses were forced to close for the sake of public health and safety. Fast forward to today, and New York is safely entering the next
Syska Hennessy co-president Izzo elected chair of ACEC New York Metropolitan Region
July 10, 2020
New York, NY Cyrus Izzo, the co-president of Syska Hennessy, has been elected chair of the Metropolitan Region of the American Council of Engineering Companies of New York (ACEC New York) for 2020-2021.
Retail investors seek real estate investments online - by Janine Yorio
July 7, 2020
In 2012, the JOBS Act created an exemption under the federal securities laws that lowered the barriers to invest in private companies, enabling the so-called “crowdfunding” industry to facilitate the sale of
The implications of COVID-19 on the US office real estate market - by Zain Jaffer
July 8, 2020
Of the myriad voices speaking to our current situation — those sharing facts, spreading fear, or expressing gratitude — Warren Buffet was one to cut through the chatter. He commented on the
The Doe Fund secures financing from Key Bank and DHS to acquire 510 Gates Ave. in Brooklyn; Urban Ar...
July 8, 2020
Brooklyn, NY According to The Doe Fund, it has acquired 510 Gates Ave. in the Bedford-Stuyvesant neighborhood. The site is adjacent to 520 Gates Ave., TDF’s first homeless transitional residence originally developed