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Regarding Coronavirus and 1031 exchange replacement property contracts - by Pamela Michaels
April 7, 2020
Our worlds everywhere, but especially in New York City and the Northeast, have been turned upside down by the Coronavirus. Contracts are being renegotiated and terminated and force majeure clauses are being examined by legal counsel under a microscope. In some cases,
Question of the Month: How can organizations drive a sustainable operation while saving money? - by ...
April 7, 2020
In 2016, Evolution Energy Partners (EEP) saw true value in defining energy usage reductions for our customers and driving net impact to the bottom line through energy efficiency. By doing so, EEP became a full-scale energy management firm offering an end-to-end suite of
Construction Law: What foreign investors don’t know about buying New York real estate - by C. Jaye...
April 7, 2020
When foreigners purchase property in the United States, often condominiums, they are generally focused primarily on the cost of the property, the location and potential appreciation in value as an investment. The United States has traditionally been a good place to
Bestreich Realty Group handles $1.5 million sale of Brooklyn development site
April 7, 2020
Brooklyn, NY Bestreich Realty Group (BRG) completed the sale of 2911 Albermarle Rd. in the Flatbush neighborhood for $1.5 million. This development site is located between Rogers and Nostrand Aves. The property offers
JLL Capital Markets closes two sales totaling $110 million
April 7, 2020
New York, NY According to JLL Capital Markets, the firm has closed two sales, totaling $110 million: JLL closed the $61.5 million sale of a development site at 29 Jay St. in the Dumbo neighborhood of Brooklyn, for the Forman Group.
Dunne, Neuer, Pride, Bardsley, Gavin and Apfel of CBRE broker $232.5 million sale of 915-unit Patcho...
April 7, 2020
Patchogue, NY The CBRE team of Jeffrey Dunne, Jeremy Neuer, Gene Pride, Steven Bardsley, David Gavin and Eric Apfel completed the sale of La Bonne Vie, a 915-apartment community in Patchogue, N.Y. for a total consideration of $232.5 million
Special Report from Marcus & Millichap: Federal Reserve - by Steve Hovland and John Chang
April 6, 2020
Federal Reserve pulls all the levers to bridge U.S. economy through a global pandemic. The Federal Open Market Committee (FOMC) unleashed its broad and sizable arsenal this week, highlighting the impact COVID-19 will have on the national economy and
Mazars USA develops and launches Paycheck Protection Program "PPP" analysis tool for small businesse...
April 6, 2020
New York, NY According to Mazars USA LLP, it has launched a tool to help small businesses calculate the amount they are eligible to receive from the Paycheck Protection Program (PPP). This tool is available for small businesses, CFOs, and accounting firms to help them navigate the
Q & A with Goldman Copeland's president and CEO, Charles Copeland - by Matthew O'Shaughnessy
April 7, 2020
With a highly impressive resume of working with some of the most prominent companies, including 1 Dag Hammarskjold Plaza, Metro North Railroad, Omnicom Group, Ruben Companies,
Harlem condos sell at 2600 Adam Clayton Powell Jr.; distinguished building convenient to subway and ...
April 7, 2020
Harlem has, in past decades, been a hip and "in" place to call home. Just ask former President Bill Clinton whose office is on 125th street. The area has become up and
Cornerstone Land Abstract holds inaugural Cornerstone for A Cause event
April 3, 2020
New York, NY On February 27th, Cornerstone Land Abstract drew real estate executives from around the city for their inaugural Cornerstone for A Cause event. This event helped raise awareness for two non-profits in the city,
Peters of M.C. O’Brien qualifies for Associate Member Classification, SIOR
April 3, 2020
New York, NY Davon Peters of M.C. O’Brien, Inc. has qualified for the Associate Member Classification for the Society of Industrial and Office Realtors, “SIOR”. Peters expects to secure the full designation in the
REBNY launches Coronavirus Resource Hub website for the real estate industry
April 2, 2020
New York, NY The Real Estate Board of New York (REBNY), the city’s leading real estate trade association launched a Coronavirus (COVID-19) Resource Hub website available to the real estate industry regardless of their membership status
The Agency establishes COVID-19 Emergency Loan Fund
April 2, 2020
Binghamton, NY The Agency (Broome County IDA/LDC) released today, details of an emergency loan fund for businesses impacted by COVID-19 crisis. The Agency has modified existing loan funds to be responsive to the immediate needs for cash flow that many businesses are experiencing.
In Solidarity: New York City stronger together - by Heidi Burkhart
April 2, 2020
Dear New York City, Firstly, I know we will make it through this. We are resilient and no true New Yorker will ever take failure as an option. Yet, in the midst of the coronavirus pandemic, I am concerned for New York City. I am concerned for our
S9 Architecture promotes Chung, Rahimpour and Razook to principal
March 24, 2020
New York, NY S9 Architecture, designers of Dock 72 at the Brooklyn Navy Yard, Empire Stores in Brooklyn, and Ponce City Market in Atlanta, have promotion of Younsung Chung, Reza Rahimpour and Dryden Razook to the role of principal.
Brownstone Property Group continues to respond to emergencies, provide essential services
March 31, 2020
Brooklyn, NY Despite the danger, some local neighbors are continuing to respond to emergencies and to provide vital maintenance services. While most people shelter inside, essential workers like Carlos Santos of Brownstone Property Group are venturing out to handle emergencies,
An update from NYREJ
March 31, 2020
The NYREJ has been a trusted source for CRE news for the last 31 years. In that time we have seen our share of challenges that have affected the industry and the way we all operate. In each of those circumstances, we have successfully helped our readers and their businesses navigate
The Louis R. Cappelli Foundation pledges $200,000 to RXR Realty’s COVID-19 relief efforts in New R...
March 31, 2020
New Rochelle, NY According to RXR Realty, the Louis R. Cappelli Foundation has pledged $200,000 to RXR’s COVID relief efforts in the city, for a total of $1.2 million to support organizations helping area residents impacted by the COVID-19 public health crisis. Funding will go towards
New York State Empire State Development narrows construction exempt from workforce reduction order
March 30, 2020
As most are aware construction was deemed an essential service exempt from the NYS Workplace Restriction Order. Today, the exemption concerning construction has changed. The NYS Empire State Development (ESD) updated the State’s Guidance on the Order and provided a new