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North River Co. signs two leases in Long Island City: 63,185 s/f total
July 7, 2020
Queens, NY North River Company (NRC) has completed two new industrial leases totaling 63,185 s/f within its Long Island City area portfolio.
Suburban hubs offer possible solution to office re-openings - by Gary O’Connor and Joshua Cole
July 7, 2020
With government restrictions lifting and reopening under way, many companies are facing difficult decisions regarding the utilization of their current office space located in the central business districts of our major urban centers.
Ira Zlotowitz of Eastern Union is leveraging technology and a client-first attitude to provide top-n...
July 10, 2020
New York, NY The New York Real Estate Journal (NYREJ) recently sat down with Ira Zlotowitz, this month’s executive of the month. Zlotowitz is founder and president of Eastern Union.
Fordham Real Estate Institute welcomes Severino to adjunct faculty
July 7, 2020
New York, NY According to The Fordham Real Estate Institute, (REI) Ryan Severino, CFA, chief economist at JLL, will join the REI graduate adjunct faculty staff
Rock the Bricks: Fillmore East/East Village Neighborhood - by Larry Ross
July 7, 2020
In this month’s column we look at legendary music venue the Fillmore East which was located at 105 Second Ave. and East 6th St., in Manhattan’s East Village/Lower East Side Historic District.
Stewart and Biedron of Marcus & Millichap broker $6 million sale
July 7, 2020
Manhattan, NY Marcus & Millichap completed the sale of 34 East 39th St., a mixed office and retail site, according to John Krueger, regional manager of the Manhattan office. The sale price was
Question of the Month: How can building owners and managers find opportunity in today’s “new” ...
July 7, 2020
History has shown us that the energy industry responds greatly to fluctuations in the financial markets. With the stock market in distress and international relations on high alert, the price of energy recently hit rock bottom.
IRS issues long-awaited Coronavirus relief for Qualified Opportunity Funds - by Jennifer Porter, Cle...
July 7, 2020
On June 4th, 2020, the Internal Revenue Service (IRS) released the highly anticipated coronavirus relief for Qualified Opportunity Funds (QOFs) and their investors. The relief is
Product of the Month: Lawrence ENV, a leader in environmental testing, consulting, and risk mgmt., d...
July 7, 2020
Manhattan, NY Lawrence ENV, LLC provides environmental testing (mold, asbestos, lead, water, IAQ etc.) consulting, risk management services to commercial, residential and industrial real estate clients throughout
KZA Realty Group brokers two deals in the Bronx
July 7, 2020
Bronx, NY KZA Realty Group has secured two deals that will continue to support the area’s economic development.
Former JP Morgan Chase and Marathon Oil executives Clark and Ellis to form infrastructure fund
July 7, 2020
New York, NY Two former senior executives at JP Morgan Chase and Marathon Oil are in the process of forming a fund to address infrastructure shortcomings in undeserved communities, including providing broadband access to rural and urban neighborhoods in the
Shorewood Real Estate Group and Bridge Investment Group close on $88m construction loan
July 7, 2020
Queens, NY Shorewood Real Estate Group, in partnership with Bridge Investment Group, closed on an $88 million loan to finance the construction of 1 Archer Ave. Apartments in the Jamaica neighborhood.
Construction Law: Commercial leases during the Pandemic - by C. Jaye Berger
July 7, 2020
The issue of how to handle the non-payment of commercial rent in New York City, as a result of the Pandemic, is a big one. Many commercial tenants have tried the approach of
Crisalli, Crisalli and Arcuri of SRG sell 13,452 s/f for $1.42m; firm completes two additional sales...
July 7, 2020
Syracuse, NY Syracuse Realty Group (SRG) has completed the following transactions: 135 E. Water St. was sold for $1.42 million. The 13,452 s/f historic Hanover Sq. mixed-use building contains
Rodriguez of Rodriguez Commercial Realty sells 3,120 s/f property for $994,999
July 7, 2020
Brooklyn, NY Erik Rodriguez of Rodriguez Commercial Realty (RCR) was the sole broker in the $994,999 sale of 448 E 46th St. located between Church and Snyder Aves., in the East Flatbush neighborhood.
Lynx Mortgage Bank secures $12.5 million financing for 80-key Holiday Inn Express in New Rochelle
July 7, 2020
New Rochelle, NY Lynx Mortgage Bank, LLC – Commercial Division has secured $12.5 million conventional ground up financing for 34,000 s/f, 80-key Holiday Inn Express.
Lendlease and L+M Development close on $250 million construction financing for 100 Claremont Ave.
July 7, 2020
Manhattan, NY Lendlease and L+M Development Partners have closed on their construction financing for 100 Claremont Ave. 100 Claremont Ave. is a transformative 354,000 s/f
Kings Capital Construction Group lead distribution of 40,000 pounds of fresh produce
July 6, 2020
White Plains, NY Over 40,000 pounds of fresh produce was packaged in 1,580 boxes and distributed at the Ebersole Ice Rink on Friday, June 5th thanks to JD Summa and Mike Casarella, principals of Kings Capital Construction Group Inc.
Eastern Union offers ‘virtual summer underwriting internships’ for college and post-graduate stu...
July 6, 2020
Brooklyn, NY Eastern Union is offering “Virtual Summer Underwriting Internships” to college and post-graduate students. The part-time internships—conducted remotely—will help students develop their proficiency in
The Counselors of Real Estate releases its top ten issues affecting the industry: COVID-19 and econo...
July 2, 2020
Chicago IL The Counselors of Real Estate has identified the current and emerging issues expected to have the most significant impact on real estate, with the COVID-19 pandemic being the leading concern of the 1,000- member organization.