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Savitt Partners signs lease with Hickory Lane Capital Management at 530 Seventh Ave.
June 16, 2020
Manhattan, NY According to Savitt Partners, a full service commercial real estate firm, Hickory Lane Capital Management has signed a lease at 530 Seventh Ave., located between 38th and 39th Sts., in the Garment District.
Polakoff of Avison Young leads team in $4.5 million sale
June 16, 2020
Manhattan, NY The Tri-State Investment Sales group for Avison Young completed the sale of 198 Prince St., a 5,000 s/f, four-unit boutique residential property in the SoHo neighborhood.
Haynes, Bestreich, Sproviero, Flaherty, and Lecky of Bestreich Realty Group sell development site in...
June 16, 2020
Brooklyn, NY Bestreich Realty Group (BRG) brokered the sale of 258 Eckford St. in the Greenpoint neighborhood, for $1.67 million, equating to $334 per buildable s/f.
RIPCO Real Estate handles $7.35m sale of Woolsey Station Post Office
June 16, 2020
Queens, NY RIPCO Real Estate (RIPCO) completed the sale of the 7,668 s/f, Woolsey Station Post Office Building located at 2268 31st St. (between 23rd Ave. and Ditmars Blvd.) in the Astoria neighborhood for
Cushman & Wakefield arranges $5 million sale of mixed-use property
June 16, 2020
Manhattan, NY Cushman & Wakefield arranged for the sale of 159 Bowery, a 4,252 s/f mixed-use property in the Lower East Side. The final sale price was $5 million.
How to deal with landlords in the age of COVID-19 - by Paul Fetscher
June 16, 2020
How is a retailer supposed to survive when he is restricted from opening? How should he deal with his landlord in these unprecedented times?
RELA NYC donates $5,000 to NYC Health & Hospitals
June 16, 2020
New York, NY The Real Estate Lenders Association (RELA) NYC Chapter donated $5,000 to NYC Health & Hospitals, one of the largest public health care systems in the nation. This donation will help to
Plus972 launches Plus972Cares to help businesses in COVID-19 recovery and creates relief network
June 16, 2020
New York, NY Plus972, a creative agency specializing in strategy, branding, marketing, and web services, has joined in COVID-19 recovery efforts with the launch of Plus972Cares. An initiative to aid businesses in recovery from
JLL and HSP Real Estate Group collaborate for $28.25 million sale
June 16, 2020
Manhattan, NY JLL Capital Markets has completed the sale of 150 East 45th St., also known as the Lord Memorial Building, in the
PPP loans now better than ever but time is ticking for tenants and real estate professionals to appl...
June 16, 2020
Commercial tenants are failing to pay rent, asking for rent reductions or deferrals creating challenges for landlords across the country. No one has been hit harder than
Three ways developers of retail properties should rethink investments - by Melissa Gonzalez and Mark...
June 16, 2020
As the pandemic forces change, and curbside pick-up or BOPIS have become the mandated way to conduct business, consumer’s shopping behaviors are being permanently altered. The role of physical retail is rapidly evolving and the shift to
Dane Real Estate hires Farrell as head of business development
June 16, 2020
New York, NY According to Dane Real Estate, Kristii Farrell has joined as the head of business development with a specific responsibility overseeing longstanding client relationships while also opening new avenues of business.
Roosevelt & Cross arrange $49.082 million total for Independent Group Home Living Program
June 16, 2020
Manorville, NY The Project Finance Division professionals of Roosevelt & Cross have arranged and closed a total of $49.082 million in financing for Independent Group Home Living Program, Inc.
Owens of Hunt Corporate Services and Ginsberg of Long Island Industrial Group lease 4,140 s/f
June 16, 2020
Ronkonkoma, NY According to Hunt Corporate Services, Inc., Fremont Industrial Corp. has leased 4,140 s/f at 33 Comac Loop. Kevin Owens of Hunt represented the tenant. Daniel Ginsberg of Long Island Industrial Group, LLC represented the landlord.
Watkins and Algarin of Oak & Avery Group broker $1.85 million sale of 10-unit mixed-use building
June 16, 2020
Eastchester, NY The Oak & Avery Group brokered the sale of a 10-unit mixed-use building, 820 White Plains Rd. The sale price was $1.85 million, representing a 5.5% cap rate. Anthony Watkins, pesident, and David Algarin, vice president, represented
NYS Court of Appeals issues important HSTPA decision - by Michael Capozzi
June 16, 2020
On April 2nd, 2020, the New York State Court of Appeals issued an important decision regarding the retroactive application of a significant portion of the Housing Stability and Tenant Protection Act of 2019 (HSTPA) concerning
Hudson Gateway Realtor Foundation volunteers help Food Bank of the the Hudson Valley
June 16, 2020
Cornwall-on-Hudson, NY Decked out in masks and gloves, a small group of Realtors from the Hudson Gateway Realtor Foundation (HGRF) volunteered their time to help pack groceries at the Food Bank of the Hudson Valley.
The Agency partners with National Development Council to participate in NY Forward Loan Fund
June 16, 2020
Binghamton, NY The Agency entered into a new partnership with the National Development Council (NDC), a nation-wide community development finance institution (CDFI), to provide assistance to Broome County businesses impacted by
Executive of the Month: Bob Savitt of Savitt Partners is tailoring leases, options and amenities for...
June 16, 2020
New York, NY The New York Real Estate Journal (NYREJ) sat down with this months’ Executive of the Month, Bob Savitt, for a question and answer session. Savitt is the founder & president of Savitt Partners.
Law: Land surveys – Costs and benefits by Lindsay Mesh Lotito
June 16, 2020
A property survey’s importance cannot be understated. Surveys show: Dimensions/description of the premises; location of buildings, fences and other improvements; relationship between the subject property and adjoining parcels, including