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Virtual Doorman to offer free, expanded services for all customers during COVID-19 emergency

Virtual Doorman to offer free, expanded services for all customers during COVID-19 emergency

April 13, 2020
New York, NY Virtual Doorman, a New York-based provider of remote doorman and security services, announced details of its emergency plan to expand services and provide much-needed security and safety to both its customers and their buildings’ staff throughout the COVID-19 pandemic.
COVID-19 may provide RE taxpayers another chance to reduce taxes - by John Terrana and Gabriella Botticelli

COVID-19 may provide RE taxpayers another chance to reduce taxes - by John Terrana and Gabriella Bot...

April 13, 2020
New York property owners who routinely challenge their real estate taxes are probably familiar with the three-year moratorium that applies in many tax certiorari settlements. In all of New York State, excluding Nassau County and New York City, unless
IVY Inc.’s Global Learners Program raises thousands, provides Easter dinner in support of seniors, families and healthcare workers

IVY Inc.’s Global Learners Program raises thousands, provides Easter dinner in support of seniors,...

April 7, 2020
New York, NY In honor of the doctors and nurses working tirelessly to win the war against Covid-19, IVY Inc.’s Global Learners Program raised funds last week to supply and deliver cooked meals to medical staff at two New York hospitals
JLL closes $18.2 million sale of development site at 171 North 1st St. for Stanislaw Rys/Kevsta Inc.

JLL closes $18.2 million sale of development site at 171 North 1st St. for Stanislaw Rys/Kevsta Inc....

April 10, 2020
Brooklyn, NY JLL Capital Markets closed the sale of 171 North 1st St in the Williamsburg neighborhood for Stanislaw Rys/Kevsta Inc. Gemini Rosemont Commercial Real Estate acquired the mixed-use development site for $18.2 million.
COVID-19, cannabis and the future of commercial real estate - by Richard Acosta

COVID-19, cannabis and the future of commercial real estate - by Richard Acosta

April 10, 2020
As COVID-19 continues to rack the U.S. with unprecedented hospitalization, death and unemployment rates, landlords and real estate investors alike are trying to understand and prepare for the future of commercial real estate. And while mainstream CRE, especially retail,
The coronavirus pandemic and its impact on the CRE market by Marjorie Peerce and Brian Schulman

The coronavirus pandemic and its impact on the CRE market by Marjorie Peerce and Brian Schulman

April 10, 2020
The coronavirus pandemic has caused a lot of confusion, but even in the midst of great uncertainty, one thing is clear: The commercial real estate market is looking at a turbulent time up ahead. Economists don’t agree on whether we’re in for a short-but-painful economic dip or a
Best practices for managing during a crisis - by Tim Curran

Best practices for managing during a crisis - by Tim Curran

April 10, 2020
Emergency situations – whether they are sudden like a fire or continually developing crises like the COVID-19 outbreak – necessitate efficient responses from property owners and operators, and require established plans. The ability to execute on these depends on the
Copper Compression donates 18,000 reusable copper-infused masks to NY/NJ Metro health systems

Copper Compression donates 18,000 reusable copper-infused masks to NY/NJ Metro health systems

April 7, 2020
New York, NY Copper Compression, a designer, manufacturer and provider of a wide range of copper-infused recovery wearables and self-care solutions, donated and delivered 18,000 Kn99 copper-infused face masks across several local New York City/New Jersey area health systems.
Eagerly awaiting a Covid-19 extension for 1031 Exchanges - by Todd Pajonas, Matthew Scheriff and James Walther of Legal 1031 Exchange Services, LLC

Eagerly awaiting a Covid-19 extension for 1031 Exchanges - by Todd Pajonas, Matthew Scheriff and Jam...

April 8, 2020
A 1031 exchange is a tax strategy used by real estate investors to defer capital gains tax recognized upon the sale of real estate. In order to successfully complete a 1031 exchange,
Doshi and Mehra of Meridian represent buyer and seller in $7.85 million sale of 41,000 s/f property

Doshi and Mehra of Meridian represent buyer and seller in $7.85 million sale of 41,000 s/f property

April 7, 2020
Manhattan, NY Meridian’s Amit Doshi and Shallini Mehra sold an exclusive listing at 20 Sherman Ave. in the Inwood neighborhood. The 94-ft.-wide property sold for $7.85 million, yielding a capitalization rate of 5.6%, $191 per s/f, $186,906 per unit and
SBA Issues New Guidance on Paycheck Protection Program - by Joseph Most, J.D.

SBA Issues New Guidance on Paycheck Protection Program - by Joseph Most, J.D.

April 7, 2020
Last night, the Small Business Administration (SBA) published additional guidance relating to the Paycheck Protection Program (PPP) in the form of FAQs.  To date, this is the most clarity that the SBA has provided relating to this new lending program and
Rowley Team at SVN | Realty Performance Advisors sell two industrial propserties

Rowley Team at SVN | Realty Performance Advisors sell two industrial propserties

April 7, 2020
Rochester, NY The Rowley Team at SVN | Realty Performance Advisors brokered investment sale of two industrial properties totaling 184,520 s/f. Joe Rowley, Jr. and Joseph Rowley, III represented the seller, Royal Oak Realty Trust, in the exclusive
We’re in this together - by Hani Salama

We’re in this together - by Hani Salama

April 7, 2020
COVID-19 is a global pandemic with an everchanging set of rules. Our primary goal is your safety and we want to ensure that the message to all New Yorkers is clear and consistent.
IREM NYC celebrates member Havel upon her retirement

IREM NYC celebrates member Havel upon her retirement

April 7, 2020
New York, NY IREM NYC said good-bye to long-time member Terry Anne Havel, who recently retired. Havel joined IREM in 1983 and from that point on she was committed to the organization.
IREM senior vice president Carpenter attends IREM Annual Capitol Hill Fly-in

IREM senior vice president Carpenter attends IREM Annual Capitol Hill Fly-in

April 7, 2020
Washington, DC On March 10th and 11th Dawn Carpenter, CPM, IREM senior vice president attended IREM’s Annual Capitol Hill Fly-in, which offers IREM members an opportunity to meet with their federal legislators and advocate for
ACEC New York recognized by Capital Region CANstruction

ACEC New York recognized by Capital Region CANstruction

April 7, 2020
Albany, NY On March 4, 2020 the American Council of Engineering Companies of New York (ACEC New York) was recognized by Capital Region CANstruction and The Food Pantries for The Capital District as
PWC hosts “Making the Case  for WELL Design” on March 4th

PWC hosts “Making the Case for WELL Design” on March 4th

April 7, 2020
New York, NY On March 4th the Professional Development Advisory Council (PDAC), one of the four committees at Professional Women in Construction New York, held its first panel discussion of 2020
Kemper System America to demo Kemperol 1K-LF Flashing at shows

Kemper System America to demo Kemperol 1K-LF Flashing at shows

April 7, 2020
West Seneca, NY Kemper System America, Inc. will feature a new odor-free alternative to white roofs and a versatile roof flashing at industry events this year. The company plans to demo the new Kemperol 1K-LF Flashing, designed for quick, durable repairs, at their booths.
Colliers Project Leaders | USA participate in Anchin forum

Colliers Project Leaders | USA participate in Anchin forum

April 7, 2020
Manhattan, NY Colliers Project Leaders | USA participated in Anchin’s industry-leading forum, “Future Forward 2020: What’s Next for New York Real Estate and Construction” on February 4th at the Sheraton New York Times Square Hotel.
Question of the Month: How will lawmakers’ initiatives impact  owners’ property taxes? - by David Wilkes

Question of the Month: How will lawmakers’ initiatives impact owners’ property taxes? - by Davi...

April 7, 2020
As if property owners in New York don’t have enough uncertainty to cope with. Well-intentioned lawmakers perennially tinker with an existing dysfunctional property tax system only to create deeper problems. The only law that usually succeeds when this occurs is the one of