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Shanghai-based broker gives an overview of Asia’s retail market - by Joseph Aquino
May 19, 2020
I’m a member of The Secret Broker Society, (SBS) which I founded in 2011 to help star brokers learn from each other, make more deals, and grow their businesses. The SBS Group consists of an all-star brokerage team that
An attorney discusses the “Pandemic Pause” in New York City - by C. Jaye Berger
May 19, 2020
The “Pandemic Pause” (my term) is the expression I am using to describe when businesses in New York City started to close en masse during the Coronavirus Pandemic, like falling dominoes. Workers and employees were
The Coronavirus Economic Stabilization Act of 2020 (CARES ACT): Business tax provisions - by Sandy K...
May 19, 2020
The following is a summary of certain key business tax provisions
Regarding COVID-19 and 1031 exchange in the current financial atmosphere - by Michael Packman
May 19, 2020
What a time we are currently experiencing. Whenever we have these Black Swan events, I think of an old saying, “History doesn’t repeat itself, but it rhymes.” I have been reflecting on the last 25 or so years that
Koltis of Colliers International leads team to secure 9,508 s/f lease
May 19, 2020
Manhattan, NY Colliers International Group Inc. has secured a new, long-term lease at 693 Fifth Ave. Led by Ted Koltis, president of the eastern region’s agency practice, a Colliers agency team represented
Coro New York Leadership Center holds gala virtually
May 19, 2020
New York, NY Coro New York Leadership Center hosted its Annual Gala & Award Ceremony, which celebrates some of the citys civic leaders at its first virtual awards ceremony.
East Harlem elected officials, developers, restaurants and community leaders provide meals
May 19, 2020
Manhattan, NY Borough president Gale Brewer, City Council member Diana Ayala, NYC Health + Hospitals/Metropolitan, L+M Development Partners, Jonathan Rose Cos., Union Settlement and Acacia Network jointly unveiled a
GCP Capital Group arranges eight deals totaling $82.15 million
May 19, 2020
New York, NY GCP Capital Group LLC has arranged mortgage financing for the following properties:
Uber Capital Grp. sources $11 million acquisition financing for Fountain Place shopping center
May 19, 2020
Logan, WV Uber Capital Group (UCG) has sourced an $11 million acquisition financing loan for the Fountain Place shopping center located at 89 Norman Morgan Blvd. The client was a private real estate investor
Mavashev and Onishchenko of Alpha Realty handle $18.5m bridge loan
May 19, 2020
Newark NJ According to Alpha Realty, its newly formed Private Capital Group has handled $18.5 million for an eight-building multifamily portfolio.
C&W advises 34-22 Astoria Partners for $26.5m refinance
May 19, 2020
Queens, NY Cushman & Wakefield (C&W) served as the exclusive adviser to 34-22 Astoria Partners LLC, led by Theodore Kakoyiannis of Valyrian Capital, in the procurement of $26.5 million for the
Black Bear Capital Partners arranges two loans totaling $69.4 million: Permanent financing secured f...
May 19, 2020
Bronx, NY According to Black Bear Capital Partners (BBCP), a real estate financial advisory firm and subsidiary of Black Bear Asset Management, it has arranged $53.9 million in permanent financing on
ABS Altman Warwick closes $13.5 million loan
May 19, 2020
Manhattan, NY ABS Altman Warwick, a locally-based capital market advisory firm and division of ABS Partners Real Estate, has closed a $13.5 million loan for an office building located at 425-427 Madison Ave. in
Houlihan-Parnes Realtors place $29 million first mortgage on 222,637 s/f office condo
May 19, 2020
Bronx, NY James Houlihan, Bryan Houlihan, and Christie Houlihan of Houlihan-Parnes Realtors completed the placement of a $29 million first mortgage on the 222,637 s/f office condominium at 1775 Grand Concourse.
Cushman & Wakefield arranges $3.25 million sale of Bronx warehouse
May 19, 2020
Bronx, NY Cushman & Wakefield arranged the sale of 1476 East 222nd St., a 17,195 s/f industrial warehouse in the
Bestreich Realty Group brokers sale of Brooklyn multifamily – $2.5 million
May 19, 2020
Brooklyn, NY Bestreich Realty Group (BRG) has completed the sale 123 St. James Place in Clinton Hill, for $2.5 million. This four apartment multifamily is located between Greene Ave. and Gates Ave. Daniel Shawah, Derek Bestreich, Luke Sproviero,
Mordekhai of Forest Park Properties handles $1.06 million sale in Queens
May 19, 2020
Queens NY According to Forest Park Properties, the firm has handled the sale of 109-02 Jamaica Ave. The sale price was $1.06 million.
SL Green sells 49.5% interest in One Madison Ave., forms JV partnership with National Pension Servic...
May 19, 2020
Manhattan, NY According to SL Green Realty Corp., it has sold a 49.5% interest in One Madison Ave. to the National Pension Service of Korea (NPS) and Hines Interest LP (Hines).
JLL completes $6.4 million sale; Bolivar Dev. buys Bronx warehouse
May 19, 2020
Bronx, NY According to JLL Capital Markets, it has completed the sale of 3041 Webster Ave., a development opportunity in the Norwood neighborhood. The seller was Sam’s Carpet, a long-term owner-operator.
1031 exchange strategies in a COVID-19 impacted real estate market: Buy first - by Pamela Michaels
May 19, 2020
Nationwide, but particularly in New York City, the location of the biggest hotspot in the country, and in the Northeast in general, many investors are faced with a situation where the value of their real property may have decreased due to