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JLL and HSP Real Estate Group collaborate for $28.25 million sale
June 16, 2020
Manhattan, NY JLL Capital Markets has completed the sale of 150 East 45th St., also known as the Lord Memorial Building, in the
PPP loans now better than ever but time is ticking for tenants and real estate professionals to appl...
June 16, 2020
Commercial tenants are failing to pay rent, asking for rent reductions or deferrals creating challenges for landlords across the country. No one has been hit harder than
Three ways developers of retail properties should rethink investments - by Melissa Gonzalez and Mark...
June 16, 2020
As the pandemic forces change, and curbside pick-up or BOPIS have become the mandated way to conduct business, consumer’s shopping behaviors are being permanently altered. The role of physical retail is rapidly evolving and the shift to
Dane Real Estate hires Farrell as head of business development
June 16, 2020
New York, NY According to Dane Real Estate, Kristii Farrell has joined as the head of business development with a specific responsibility overseeing longstanding client relationships while also opening new avenues of business.
Roosevelt & Cross arrange $49.082 million total for Independent Group Home Living Program
June 16, 2020
Manorville, NY The Project Finance Division professionals of Roosevelt & Cross have arranged and closed a total of $49.082 million in financing for Independent Group Home Living Program, Inc.
Owens of Hunt Corporate Services and Ginsberg of Long Island Industrial Group lease 4,140 s/f
June 16, 2020
Ronkonkoma, NY According to Hunt Corporate Services, Inc., Fremont Industrial Corp. has leased 4,140 s/f at 33 Comac Loop. Kevin Owens of Hunt represented the tenant. Daniel Ginsberg of Long Island Industrial Group, LLC represented the landlord.
Watkins and Algarin of Oak & Avery Group broker $1.85 million sale of 10-unit mixed-use building
June 16, 2020
Eastchester, NY The Oak & Avery Group brokered the sale of a 10-unit mixed-use building, 820 White Plains Rd. The sale price was $1.85 million, representing a 5.5% cap rate. Anthony Watkins, pesident, and David Algarin, vice president, represented
NYS Court of Appeals issues important HSTPA decision - by Michael Capozzi
June 16, 2020
On April 2nd, 2020, the New York State Court of Appeals issued an important decision regarding the retroactive application of a significant portion of the Housing Stability and Tenant Protection Act of 2019 (HSTPA) concerning
Hudson Gateway Realtor Foundation volunteers help Food Bank of the the Hudson Valley
June 16, 2020
Cornwall-on-Hudson, NY Decked out in masks and gloves, a small group of Realtors from the Hudson Gateway Realtor Foundation (HGRF) volunteered their time to help pack groceries at the Food Bank of the Hudson Valley.
The Agency partners with National Development Council to participate in NY Forward Loan Fund
June 16, 2020
Binghamton, NY The Agency entered into a new partnership with the National Development Council (NDC), a nation-wide community development finance institution (CDFI), to provide assistance to Broome County businesses impacted by
Executive of the Month: Bob Savitt of Savitt Partners is tailoring leases, options and amenities for...
June 16, 2020
New York, NY The New York Real Estate Journal (NYREJ) sat down with this months’ Executive of the Month, Bob Savitt, for a question and answer session. Savitt is the founder & president of Savitt Partners.
Law: Land surveys – Costs and benefits by Lindsay Mesh Lotito
June 16, 2020
A property survey’s importance cannot be understated. Surveys show: Dimensions/description of the premises; location of buildings, fences and other improvements; relationship between the subject property and adjoining parcels, including
Bestreich, Lobel, Morally, Sproviero, Kates, Waring & Shawah of BRG broker $2.15 million sale
June 16, 2020
Brooklyn, NY Bestreich Realty Group (BRG) completed the sale of 3021 Ft. Hamilton Parkway in the Windsor Terrace area.
Largo Capital opens new Rochester-area office, welcomes Dowd and Van Iseghem
June 16, 2020
Pittsford, NY According to Largo Capital, they have opened a new Rochester-area office at 15 Fishers Rd., Suite 114. Max Dowd, CPA and Nancy Van Iseghem joined Largo Capital to launch the firm’s commercial mortgage origination office
REBNY issues joint safety guidelines with industry unions and organizations
June 15, 2020
New York, NY The Real Estate Board of New York (REBNY), 32BJ SEIU, Realty Advisory Board on Labor Relations, Inc., (RAB), Local 94 International Union of Operating Engineers, AFL-CIO, and the Building Owners & Managers Association of Greater New York (BOMA-NY), jointly issued
Gottlieb and Schuckman of Schuckman Realty broker $2.03 million; Ventre and Reinhardt of Windsor Com...
June 16, 2020
Rockville Centre, NY Schuckman Realty has facilitated the sale of a building at 120 North Village Ave. for $2.03 million.
Corporate Milestones: Eastman Cooke: Envisioning a bright future
June 16, 2020
Eastman Cooke,
Q&A with Peter Morandi, CEO, Eastman Cooke & IREON Member What milestone is Eastman Cooke celebrating in 2020?
Corporate Milestones: Champion Elevator celebrates 5 years of success
June 16, 2020
Champion Elevator Corp. What milestone are you celebrating in 2020? Its our five-year business anniversary in September, and we are also celebrating
IREON Member Champion Elevator gives away $3.29 million to help others
June 12, 2020
New York, NY Friend of IREON & NYREJ, Donald Gelestino wrote a $3.29 million check to the SBA. It was not required nor in any way would any portion of the $3.29 million have been subject to SBA refunding or even the conversion to the low-interest loan offered for those who didn’t comply. Gelestino who is the owner of Champion Elevator and
SIOR members share predictions of COVID-19’S lasting impact on commercial real estate industry
June 2, 2020
Washington, DC The Society of Industrial and Office Realtors (SIOR), the world’s premier organization for office and industrial real estate professionals, has developed a Snapshot Sentiment Survey to assess the impact of the COVID-19 pandemic on SIOR members’ current transactions as well as