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The Feil Org. welcomes Dries as director of leasing
March 24, 2020
New York, NY Nicholas Dries has joined The Feil Organization as director of leasing, focusing primarily on the company’s NYC retail portfolio. Having represented or worked for some of the largest retail landlords
Slater & Beckerman P.C. merges into Hirschen Singer & Epstein LLP
March 24, 2020
New York, NY The law practice of Slater & Beckerman P.C. has merged into Hirschen Singer & Epstein LLP (HSE). As part of HSE, the Slater & Beckerman team will enable the firm to provide
Barton joins Greystone as CIO of commercial platform
March 24, 2020
New York, NY According to Greystone, Quinn Barton has joined as chief investment officer (CIO) of the firm’s commercial platform. In the newly created position as CIO of commercial, Barton will oversee capital markets activities and
The Watermark at Brooklyn Heights senior community appoints Bertini executive director
March 24, 2020
Brooklyn, NY Rocco Bertini, CDAL, has joined The Watermark at Brooklyn Heights, a 275-unit senior living residence at 21 Clark St., opening this spring, as executive director. The Brooklyn Heights location is
Metropolitan Realty Assocs. names Jaffe senior associate
March 24, 2020
Manhattan, NY Paul Jaffe joined Metropolitan Realty Associates (MRA), a privately held real estate investment and development firm, as senior associate. He assists in underwriting and structuring new acquisition opportunities,
Shawmut celebrates 5th annual Women in Construction Week
March 24, 2020
New York, NY Shawmut Design and Construction celebrated Women in Construction Week nationwide and through various industry events hosted by its local office. In an industry that’s 10% women, the firm joined in the
LLC agreement issues for co-investors - by Thomas Kearns
March 24, 2020
Limited liability companies or “LLCs” are used to hold the vast majority of U.S. real estate investments. Outside of REITs and other corporate owned real estate, investments of any significant size typically include a large institutional capital partner and
Newmark Knight Frank negotiates $20.5 million for Infinity Real Estate; Financing by Bridge Investme...
March 24, 2020
Staten Island, NY On behalf of Infinity Real Estate, Newmark Knight Frank (NKF) has arranged a $20.5 million floating-rate loan for the acquisition of the Shops at Richmond Ave. The NKF team was led by vice chairmen and
Owner’s right to access an adjacent property under construction - by Raymond Castronovo
March 24, 2020
During any construction project, there often arises a need for construction activities to encroach upon an adjacent property. In fact, local building codes often require the owner of a construction project to protect and safeguard persons and
Hastings Capital completes total renovation for 327 Skidmore Rd. in Deer Park, Long Island
March 24, 2020
Deer Park, NY Hastings Capital, LLC continues to demonstrate an ongoing commitment to excellence and to turning Long Island’s underperforming properties into valuable resources. 327 Skidmore Rd. is Hastings’ latest turn-around.
Phillips of Largo places $49.5 million permanent financing
March 24, 2020
Buffalo, NY Jack Phillips, principal of the Largo Group of Cos., secured a $49.5 million permanent first mortgage to refinance the existing debt on a 478,000 s/f class A office facility.
Hildreth Real Estate Advisors acquires Long Island property for $1 million
March 24, 2020
Huntington, NY Hildreth Real Estate Advisors has purchased a two-story commercial property on Main St. for $1 million. Prior to closing, Hildreth signed ENDO Healing for the 1,408 s/f ground floor retail, which is expected to open by the end of the month.
Meridian Capital Group secures $18.85 million on behalf of Segal of Dynamic Star
March 24, 2020
Bronx, NY Meridian Capital Group arranged $18.85 million in acquisition financing for the CSX site within the Fordham Landing assemblage in the University Heights neighborhood on behalf of Gary Segal of Dynamic Star.
Community Preservation Corp. to go carbon neutral
March 24, 2020
New York, NY The Community Preservation Corp. (CPC) has committed to attaining carbon neutral operations during the 2020 calendar year. CPC retained EcoAct, an international sustainability consultancy, to
Rahmani and Stavsky of VCPRE advise Muss Development for $29.25 million deal
March 24, 2020
Scarsdale, NY Muss Development has purchased a new apartment complex at 250 Central Park Ave. in a 1031 exchange for $29.25 million. The building is comprised of 51 units which encompass 46,342 s/f.
Point2Homes: The Coronavirus Outbreak throws a wrench in the housing market, but how disruptive will...
March 23, 2020
The Coronavirus outbreak, which originated in Wuhan but has extended into 162 countries and territories, is now officially a global pandemic. With over 198,000 confirmed cases, a number that changes by the hour, the virus is slowly but surely bringing everything to a grinding halt.
Black Mountain Capital names Dorcely, EVP, regional manager
March 23, 2020
New York, NY Black Mountain Capital, a private mortgage banking firm, has appointed James Dorcely as executive vice president/regional manager. Dorcely is a banking and finance executive with over 18 years of experience in developing and managing relationships to
Schuster, Birnbaum and Shimkin of NKF are sole brokers in Manolo Blahnik lease
March 24, 2020
Manhattan, NY Manolo Blahnik has signed a lease for its new flagship on 717 Madison Ave. Newmark Knight Frank’s (NKF) vice chairmen Ariel Schuster, Ben Birnbaum and Peter Shimkin were the sole brokers on the transaction.
Henderson of Marx Realty finalizes 3,500 s/f retail at 10 Grand Central; Klinger of The Shopping Cen...
March 24, 2020
Manhattan, NY According to Marx Realty, a locally-based owner, developer and manager of office, retail and multifamily property across the U.S., Sweetgreen, has signed a 3,500 s/f lease for a new location at 10 Grand Central.
Buchbinder & Warren and Lee & Assocs. broker 1,600 s/f
March 24, 2020
Manhattan, NY According to Buchbinder & Warren Realty Group, LLC, owners of craft beer and cocktail bar, The Jeffrey, have signed a new lease for space at 263 West 19th St. this will be the section location in the