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1031 exchange strategies in a COVID impacted RE market: Extended identification period - by Pamela M...
June 2, 2020
Recently, one of my NYC clients was on the fence about whether to initiate a 1031exchange. Her query: Would she have enough time to find replacement property in the 45-day identification period given the lockdowns and restrictions imposed in NYC due to
JLL to arrange JV equity for BRP Cos’ Archer Towers project
June 2, 2020
Queens, NY JLL Capital Markets was selected by BRP Companies to arrange $286 million in joint venture equity financing for the construction of Archer Towers.
NYC exiles flee to suburbs and surrounding states amid COVID-19 outbreak - by Michael Weiser
June 2, 2020
The COVID-19 crisis has not only rocked the entire New York City economy and way of life, it has also begun to reshuffle the demographic of the city.
Rynarzewski and Gladstone of Piermont Bank place $8 million for Nassi of Buchanan Development
June 2, 2020
Bronx, NY Craig Nassi of Buchanan Development LLC has closed on $8 million in financing for 65 Buchanan Pl. The financing was placed by Robert Rynarzewski and Andrew Gladstone of Piermont Bank.
Greystone closes $65 million Freddie Mac loan for Lions Group multifamily project in Long Island Cit...
June 2, 2020
Queens, NY Greystone has provided a $65 million Freddie Mac loan to an affiliate of The Lions Group to refinance One LIC, a brand new 20-story, 110-unit (70% market-rate/ 30% moderate income) multifamily rental apartment located at
Simon of Admiral Real Estate Services secures two leases at Mount Kisco Commons
June 2, 2020
Mount Kisco, NY According to Admiral Real Estate Services Corp., The Greener Dry Cleaner and Mint Kisco Dental will be opening new locations at Mount Kisco Commons Shopping Center at 195 North Bedford Rd.
Horvath and Tremblay of Horvath & Tremblay sell
HomeGoods in Wainscott for $9.24 million
June 2, 2020
Wainscott, NY Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of HomeGoods located at 386 Montauk Hwy. (NY Rte. 27). Horvath & Tremblay exclusively represented the seller in this transaction,
Kempner Properties expands into Philadelphia with the acquisition of three properties
June 2, 2020
Philadelphia, PA Kempner Properties, a White Plains based commercial real estate company, has completed the $4.16 million purchase of several multifamily and mixed-use properties.
Norden Lofts - Urban luxury apartments now available in White Plains
June 2, 2020
The sprawling city of White Plains has always been known for great shopping, a vibrant downtown, well-known restaurants and has been a developer's dream with esteemed buildings such as The Ritz Carlton, Trump Plaza and more adding cache, elegance and lineage
Kimyagarov and Isak open Development Site Advisors; focusing solely on development sites
May 19, 2020
New York, NY Lev Kimyagarov and Rubin Isak, former senior directors at Massey Knakal Realty Services/Cushman & Wakefield and Eastern Consolidated respectively, have formed Development Site Advisors
Real estate finance siblings launch BIPS Podcast
May 29, 2020
New York, NY Siblings Kimberly Zar Bloorian and Yaakov Zar have recently launched a new podcast titled BIPS, where prominent real estate lenders are interviewed to provide a peek into the lender landscape.
Empire State Mortgage Bankers Association makes $2,500 donation to the Island Harvest Food Bank
May 29, 2020
Commack, NY In these unprecedented times we know many in our state have lost loved ones, jobs and are struggling day to day. In an effort to help those in need of food, the Empire State Mortgage Bankers Association made a $2,500 donation
Construction Contracts in the Age of COVID-19 and Potential Defenses to Non-Performance Under New Yo...
May 29, 2020
The novel coronavirus has completely upended the way of life for New Yorkers – including the way we work, feed our families and interact with people in our own communities.
New One-on-One Interview with Michael Sahn released on NYREJ's YouTube channel
June 1, 2020
New York, NY The New York Real Estate Journal has continued its series, "NYREJ One-on-One" with Rick Kaplan on YouTube. Check out this week's One-on-One Interview with Michael Sahn of Sahn Ward Coschignano to discuss how
REZoomSchmooze.com: Real estate speed networking platform launches
May 28, 2020
New York, NY REZoomSchmooze.com, a real estate speed networking platform had its successful launch recently with over 50 commercial real estate professionals attending two sessions. The unique platform features
REBNY, CUNY and Project Destined unveil new virtual summer internship program
May 28, 2020
New York, NY Together, the Real Estate Board of New York (REBNY), the City University of New York (CUNY) and Project Destined are launching a paid, 5-week virtual summer internship program in commercial real estate for
As New York’s construction sites reopen, industry leaders must continue innovating to address new ...
May 27, 2020
After almost two months since governor Cuomo announced a construction moratorium, job sites across New York State are beginning to reopen, leading industry leaders to navigate how to manage the
Construction can lead the way in a safe economic reopening - by Rich Cavallaro
May 26, 2020
The construction industry has always been a key driver of the economy and now as New York begins its phased economic reopening after being paused by the novel Coronavirus pandemic, construction will be a leader in New York’s revitalization. Under governor Cuomo’s “New York Forward Plan,”
Wynmor Management acquires 173-unit apartment complex for $6.6 million; Arbor Realty Trust provides ...
May 19, 2020
Tulsa, OK New York-based private equity investment firm Wynmor Management completed the purchase of London Square Apartments for $6.6 million.
New One-on-One Interviews released on NYREJ's YouTube channel
May 22, 2020
New York, NY The New York Real Estate Journal has continued its series, "NYREJ One-on-One" with Rick Kaplan on YouTube. This week Kaplan talks with Blake Liggio of Goodwin Procter LLP,