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Marx Realty leases 5,800 s/f to Rubric Capital at 10 Grand Central
May 5, 2020
Manhattan, NY According to Craig Deitelzweig, president and CEO of Marx Realty (MNPP), Rubric Capital signed a 5,800 s/f, seven-year lease on the 16th floor at 10 Grand Central. Rubric Capital secured the last of the Marx Realty’s
Eshaghoff’s West Egg Development expands in East Flatbush, Brooklyn
May 5, 2020
Brooklyn, NY West Egg Development, in partnership with Bobby Shamsian’s Brookbridge Developers, has acquired its fourth site on one block of East 53rd St. in the East Flatbush neighborhood. West Egg Development is owned and managed by Great Neck developer
O’Brien of M.C. O’Brien completes two leases totaling 34,500 s/f; collaborates with Kornspun of ...
May 5, 2020
Bronx, NY Michael O’Brien, III, SIOR, M.C. O’Brien Commercial Realty, LLC and Steven Kornspun, SIOR, RM Friedland Commercial Real Estate Services collaborated to complete
Janover LLC & IREON holds webinar: “COVID-19, its Impact on the Construction & Real Estate Indus...
May 5, 2020
strong>New York, NY IREON held a COVID-19 webinar for the commercial real estate industry. Produced by the accounting firm, Janover LLC. Steve Kirschner, the founder and COO of IREON, opened the webinar attended by over 100 owners,
JAACRES assists German Doner Kebab in US expansion
May 5, 2020
East Rutherford, NJ German Doner Kebab (GDK), a fast-casual dining chain plans to open 350 locations in the U.S. in the next seven years. Its first franchise will open at the American Dream mall.
May message from the president of NYSCAR - James Walker
May 5, 2020
The National Association of Realtors will hold their Legislative Meetings virtually. Please be sure to register so you can join in on programs such as the Economic Issues and Trends Forum. Go to
Remote leadership during the COVID-19 pandemic - by Shovkat Mamedov
May 5, 2020
The business dynamic caused by the COVID-19 pandemic has changed the face of commercial real estate in New York City and beyond. It is likely that we will see the impact of the economic shut down for months – possibly years – to come.
Company of the Month: IREON member, Sanico USA leads the way back to clean offices throughout NY Met...
May 5, 2020
New York, NY Sanico USA provides janitorial and cleaning services for over 100 commercial, industrial and medical buildings throughout the NY Metropolitan and suburban areas. In the past two weeks alone, the company has
LIHC Investment Group and Rockport Mortgage secure $74 million loan
May 5, 2020
Manhattan, NY LIHC Investment Group and Rockport Mortgage Corp. secured the closing of an FHA Section 223(f) refinancing loan totaling $74 million for Little Italy Restoration Apartments located at 21 Spring St. The property is owned by
Building Engines partners with FastOffice, to offer virtual office tours
May 5, 2020
Boston, MA/Toronto, ON Building Engines, a provider of building operations software, has partnered with FastOffice, the developer of a 3D visualization platform. The partnership will enable Building Engines’ customers to
Victory Capital arranges $14.4 million in financing
May 5, 2020
Brooklyn, NY According to Michael Bivona of Victory Capital, the firm closed $14.4 million in loans: The firm closed a loan through the Coronavirus crisis. The local regional bank, based on Victory Capital’s relationship,
Coaching: The exodus has begun - by Rod Santomassimo
May 5, 2020
It’s 2008 all over again. Remember 2008, when an estimated 100,000 commercial real estate brokers dwindled to less than 50,000 in less than an 18-month period? Like now, there was a
GAIA Property Group brokers 20-unit building for $15.75 million
May 5, 2020
Brooklyn, NY GAIA Property Group LLC handled the sale of 171 North 10th St. The property had been listed for $16.75 million, and reduced to $16.45 million because of 421A expiration and high projections of taxes. When Coronavirus worries moved into
Suffolk County IDA gives preliminary approval for ScieGen Pharmaceuticals Long Island expansion
May 5, 2020
Hauppauge, NY In light of the COVID-19 pandemic, the importance of economic development and strengthening the economy is a foremost priority. In a move that will result in a $15.5 million investment and add 106 jobs to the
Fantini & Gorga arranges $2.1 million acquisition financing
May 5, 2020
Schenectady, NY Fantini & Gorga handled the debt placement of $2.1 million for the acquisition of a Walgreens Pharmacy. Casimir Groblewski, senior managing director, assisted by analyst Ryan Maddaluna, placed the financing
CPC Mortgage Co. closes $3.9 million in Freddie Mac financing
May 5, 2020
Brooklyn, NY CPC Mortgage Company LLC, a subsidiary of The Community Preservation Corp. (CPC), closed a $3.9 million Freddie Mac Optigo Small Balance Loan (SBL) to refinance a nine-unit apartment building in the Williamsburg
Cohen and Bernstein of Besen Partners sell mixed-use property for $7.1 million
May 5, 2020
Manhattan, NY Besen Partners has completed the sale of 147 Duane St. in TriBeCa for $7.1 million. Ron Cohen and Jay Bernstein exclusively represented the seller, and Anna Ji of Kian Realty procured the purchaser. At $7.1 million, the selling price equates to
NYREJ releases new One-on-One interviews with Rick Kaplan on YouTube
May 1, 2020
New York, NY The New York Real Estate Journa has continued its series, "NYREJ One-on-One" with Rick Kaplan on YouTube. This week Kaplan talks with Andrew Richards of Kaufman Dolowich Voluck LLP, and DJ Johnson of B6 Real Estate Advisors
Edalati joins The Watermark at Brooklyn Heights as associate executive director
May 1, 2020
Brooklyn, NY Sahar Ben Edalati has joined The Watermark at Brooklyn Heights, a 275-unit seniors housing residence at 21 Clark St., as associate executive director. The property is owned by a partnership of the majority owner Kayne Anderson, which has invested
Meridian Capital Group arranges $2.325m financing for Westhampton Beach Beehive Bungalows
April 30, 2020
Westhampton Beach, NY Meridian Capital Group arranged $2.325 million in acquisition financing for the purchase and repositioning of The Beehive Bungalows on behalf of First Dunes Development, the coastal development division of Chatham Development Co.