Search
Story results for:
Employer liability during Phase Four of reopening in New York City - by Mark Silverstein and Lynn Ju...
August 4, 2020
New York City has just reached an important milestone. As of July 20th, the city has entered Phase Four of reopening, in which retail businesses, hair salons and personal service businesses, low-risk outdoor venues (zoos and gardens), media production companies
Rock and Marks of Marcus & Millichap Capital Corp. arrange $15 million refinancing
August 4, 2020
Manhattan, NY Marcus & Millichap Capital Corp. (MMCC) has completed the financing of 521-523 W 48th St., according to regional manager/vice president John Krueger. MMCC organized $15 million in refinancing.
Rodriguez of Rodriguez Commercial represents Klosed in $1.45 million Brooklyn acquisition
August 4, 2020
Brooklyn, NY Klosed Properties acquired 91 East 21st St. in the Prospect Park South neighborhood for $1.45 million. The subject property is a 16-unit, rent-stabilized building containing 19,500 s/f. Erik Rodriguez of Rodriguez Commercial
Marx Realty signs 10-year lease with Wells Fargo
August 4, 2020
Manhattan, NY Marx Realty has signed a 10-year retail lease with Wells Fargo to occupy 4,700 s/f of retail space at 545 Madison Ave. in the Plaza District. Marx Realty was represented internally by Henry Henderson and Wells Fargo was represented by Annette Healey of CBRE.
Cole Schotz P.C. advises G4 Capital Partners in $75 million loan
August 4, 2020
Manhattan, NY Cole Schotz P.C. has advised G4 Capital Partners in a $75 million loan to Jeffrey Dagowitz’s JHG Holdings and investor Adam Neumann for a future project on West 23rd St. G4 provided the debt, which refinances
Coaching: Standing is a start, but it’s time for doing - by Rod Santomassimo
August 4, 2020
In the wake of the racial unrest that continues to hold back our great country, our communities, and yes, even our industry, over the last several weeks, I have met with our African American clients, colleagues, and several associates.
Gemini Rosemont Development buys East Village site for $14.5 million
August 4, 2020
Manhattan, NY Gemini Rosemont Development, a division of Gemini Rosemont Commercial Real Estate, has acquired 38 Second Ave. in the East Village. The property was purchased from LaSalle New York City, Inc., for $14.5 million.
CBRE Long Island reps. RXR Rlty. in $32 million sale to The Feil Org.;
Sperry and Tylenda of CBR...
August 4, 2020
Melville and Albany, NY CBRE has completed two sales totaling $36.05 million. The CBRE Team of Jeff Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Gene Pride and Travis Langer in collaboration with Philip Heilpern of CBRE’S Long Island Office completed the
Global One Real Estate Fund II acquires
Queens property for $26.5 million; JLL handles sale
August 4, 2020
Queens, NY According to JLL, Global One Real Estate Fund II, an affiliate of Nelson Management Group, has acquired the six-story mixed-use building at 105-05 69th Ave. in Forest Hills.
The Real Estate Board of New York honors Retail Deal of the Year Award winners at the 22nd Annual Ce...
July 31, 2020
New York, NY The Real Estate Board of New York (REBNY) honored winners of its 22nd Annual Retail Deal of the Year Awards at a virtual ceremony held July 30th, where a portion of the proceeds benefitted Citymeals on Wheels.
Which NYC neighborhoods have the best–and worst–air quality, according To New Yorkers? - by Ioan...
July 21, 2020
Living in a highly trafficked city like New York comes with plenty of advantages, but it also comes with some unwanted “perks” like congestion, noise, and pollution. So, where in NYC do
Boyce of PWGC appointed treasurer of ACEC BIT and Greyling/EPIC
July 30, 2020
Bohemia, NY According to P.W. Grosser Consulting, Inc., (PWGC) Paul Boyce, PE, PG, has been appointed treasurer of The American Council of Engineering Companies (ACEC) Business Insurance Trust (BIT) and
Security deposit insurance may result in unfunded liability for low income tenants by Daniel Pessar
July 30, 2020
2020 has been a banner year for the security deposit insurance industry. Earlier this year, the Cincinnati City Council passed an ordinance which requires landlords who own and control more than 25 units to offer alternatives to a typical security deposit requirement. Although New York
Bridgewater Capital Partners arranges $4.1 million for a vacant land acquisition in Newark
July 21, 2020
Newark, NJ Bridgewater Capital Partners has arranged $4.1 million for a vacant land acquisition. The site, 50 Bruen St., is approved for a
Asset Preservation to offer free CE webinars in August for 1031 advisors, attorneys, CPAs and RE pro...
July 30, 2020
New York, NY Asset Preservation will be offering a series of free webinars that qualify for CE credits in August. Pamela Michaels, Esq., senior VP of Asset Preservation, Inc. will lead the presentations, which are open to the public.
Tuccillo of Marcus & Millichap reps. seller in $9.75m Walgreens sale; Biancavila of Berkshire Hathaw...
July 30, 2020
Wappingers Falls, NY Marcus & Millichap completed the sale of 1575 U.S. 9, according to John Krueger, regional manager and vice president of the firm’s Manhattan and White Plains office. The NNN site, which is
Sleepy Hollow Holdings pays off $8.75m bridge loan from Procida Funding, obtains conventional fundin...
July 21, 2020
Sleepy Hollow, NY Procida Funding provided an $8.75 million loan to Sleepy Hollow Holdings, LLC in February 2019 for the acquisition of and capital expenditures on a 70-unit mixed-use multifamily portfolio.
Urban Standard Capital delivers $3.8 million acquisition loan for mixed-use building in Cobble Hill
July 23, 2020
Brooklyn, NY Urban Standard Capital (USC) arranged a $3.8 million loan for Conway Capital’s purchase of a four-story building that houses Court Street Bagels in Cobble Hill. The 6,790 s/f mixed-use building at 181 Court St. was built in
Opportunity Zones: A useful backup plan for 1031 exchanges - by Daniel Pessar
July 21, 2020
When real estate investors sell property, they often defer any capital gains using the like-kind, tax deferred exchange, provided for in Internal Revenue Code Section 1031. As explained in the tax regulations:
NKF wins top two honors for REBNY’s 76th Annual Sales Brokers Most Ingenious Deal of the Year Awar...
July 23, 2020
New York, NY According to Newmark Knight Frank, (NKF) it has won the top two awards for Real Estate Board of New York’s (REBNY) 76th Annual Sales Brokers Most Ingenious Deal of the Year Awards. The firm earned the first-prize