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The importance of infrastructure inspections - by Nagesh Goel
July 21, 2020
With approximately $500 billion spent on infrastructure in the U.S. annually, ensuring large-scale infrastructure—like buildings and bridges, pipelines, roadways, and
Stein of Norman Bobrow and Zar of Zar Property NY lease 4,750 s/f in Midtown
July 21, 2020
Manhattan, NY According to Zar Property NY and Norman Bobrow & Co., Sud De France, economic development agency for the Occitanie Region in South of France, signed a 4,750 s/f lease at 250 West 54th St. in Midtown.
Conway Capital secures $8.892 million loan from Urban Standard Capital; Gleitman of Mercury Capital ...
July 21, 2020
Brooklyn, NY Conway Capital has closed on a $8.892 million acquisition loan from Urban Standard Capital (USC) to purchase four residential and mixed-use properties.
“Gross negligence” revisited - by Thomas Kearns
July 21, 2020
In 2014, I wrote an article for this Journal about typical negotiations over a gross negligence standard in indemnification clauses in management, LLC and other agreements. Under New York law gross negligence is defined as
Zar launches KLOUD
July 21, 2020
New York, NY Kimberly Zar launched KLOUD, a female-owned real estate-focused digital marketing firm that provides consulting and marketing solutions to real estate companies and professionals nationwide.
B6 Real Estate Advisors welcomes Ahlers
July 21, 2020
Manhattan, NY According to B6 Real Estate Advisors (B6), the firm has appointed Drew Ahlers as associate director in B6’s Capital Advisory Division. Ahlers will be reporting to
Black of Horvath & Tremblay completes three retail sales totaling $5.72 million
July 21, 2020
Rochester, NY Jeremy Black of Horvath & Tremblay has completed the sale of three single tenant properties for a total of $5.72 million.
Babylon IDA receives approval to issue small business loans, grants
July 21, 2020
Lindenhurst, NY The Babylon Industrial Development Agency (IDA) has launched the Babylon Is Back Emergency Assistance Program. The program, recently approved by New York State, will
BRG brokers two Brooklyn sales; includes $3.468m by Bestreich, Reynolds, Reynolds and Underkofler
July 21, 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.
Manhattan commercial real estate in the Pandemic: Where are we now? - by Justin Conway
July 21, 2020
Since March 2020, when the COVID-19 outbreak took over the country and world, I have been spending a majority of my time walking the streets while living in Manhattan. Many building owners and investors in
Goldfein of Goldcap Real Estate Advisors handles $1.505 million sale
July 21, 2020
Brooklyn, NY Goldcap Real Estate Advisors completed the sale of 1916 Prospect Pl. in the Ocean Hill neighborhood. The building consists of four renovated, free market apartments across 3,126 s/f
Hunt of Hunt Corportate and Lee & Assocs. lease 6,107 s/f in Plainview
July 21, 2020
Plainview, NY According to Hunt Corporate Services, Inc., PromptCare Infusion LLC has leased 6,107 s/f of industrial/flex space at 51 East Bethpage Rd. David Hunt represented the
AmTrust enters into partnership with ProDeal
July 21, 2020
New York, NY AmTrust Title Insurance Co., a subsidiary of AmTrust Financial Services, Inc., has entered into a multi-year partnership with ProDeal, a leading deal management platform in the real estate finance industry.
Curtis of CBRE secures 89,781 s/f lease at Gateway Port Chester, owned by M & J Wilkow/MetLife JV
July 21, 2020
Port Chester, NY According to CBRE, Target has signed a two-level 89,781 s/f lease at the newly rebranded Gateway Port Chester. Target will be moving into space that includes
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.