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Castro of Cushman & Wakefield voted president-elect of CREW New York
November 5, 2019
New York, NY According to Cushman & Wakefield, Betty Castro, managing principal of the real estate services firm’s Downtown office, has been elected president-elect of Commercial Real Estate Women (CREW) New York for 2020
Bohemia Realty hosts “Investing in Real Estate” with Antuñano of MiT National Land Services
November 5, 2019
New York, NY Bohemia Realty Group’s Adam Schroeder moderated “Investing in Real Estate” featuring guest expert Berto Antuñano, vice president of business development at MiT National Land Services.
Aquino of JAACRES honored by Belfast International Homecoming with "Ambassador of Belfast” medal
November 5, 2019
New York, NY According to JAACRES, The Belfast International Homecoming has awarded Joseph Aquino “The Ambassador of Belfast” medal. Aquino was honored for his role as an international business
The hidden perils of open permits - by Valeria Kozhich
November 5, 2019
Most people know that a permit is required whenever any non-cosmetic improvement or alteration is made to a property. It’s less common knowledge that permits also need to be closed when the work is completed. Open permits—like open violations—can pose difficulties when a
Message from the CEO of Bronx-Manhattan North Association of Realtors: Safety first!
November 5, 2019
The holiday season will soon be upon us and a celebration will be taking place wherever you may turn. As we prepare for Thanksgiving, Hanukkah, Christmas, and Kwanza, to name a few, safety has to be a priority. More specifically, safety for the Realtors and their clients as the business of real estate involves inherent risks.
Outside the Region: GIP closes two UPREIT deals valued at $18.9 million
November 5, 2019
Norfolk, VA According to Generation Income Properties, Inc., (GIP) two UPREIT transactions were closed on September 30th, which included two buildings totaling 106,621 s/f of office space with a total value of $18.9 million.
Outside the Region: Experience One Homes and Kalikow Grp. begin Lightbridge Academy
November 5, 2019
Apex, NC Sweetwater Town Center, a joint project between The Kalikow Group and Experience One Homes, broke ground for a new Lightbridge Academy Child Care Center, one of the first buildings to be constructed in the multi-use complex.
Outside the Region: Cronheim secures $9m permanent financing for Kansas self-storage property
November 5, 2019
Kansas City, KS Cronheim Mortgage secured a $9 million permanent loan for a self-storage facility which was recently renovated. The property was rapidly leasing up but had not quite reached stabilization and American
Outside the Region: Dresdner Robin provides laser-scanning tech. for Whole Foods project
November 5, 2019
Jersey City, NJ Dresdner Robin has provided expert services on the future home of the city’s first Whole Foods Market. The firm coordinated local and state approvals, including site plan approval from the city
Outside the Region: Panorama Tower wins award, DeSimone Consulting served as structural engineer
November 5, 2019
Miami, FL Panorama Tower, a mixed-use development located downtown, has won a 2019 Structures Award from South Florida Business Journal for innovative design and positive impact on the surrounding community. As
Outside the Region: Bascom Northwest Ventures acquires 260-unit Denver property for $90.5 million
November 5, 2019
Denver, CO Bascom Northwest Ventures, LLC has acquired 1000 South Broadway Apartments, a 260-unit class-A infill apartment community. The $90.5 million acquisition ($348,076/unit) closed on October 18th, 2019. Terry Daly of
Outside the Region: IPA sells RedHill Pines for $34.5m; IPA Capital Mkts. arranges $23.391 million
November 5, 2019
Kent, WA Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the sale of RedHill Pines, a 168-unit garden-style apartment complex. The property sold for $34.5 million or $205,357 per
Outside the Region: Tidegate Capital acquires 61-unit multifamily property in St. Petersburg
November 5, 2019
St. Petersburg, FL Boston area based Tidegate Capital has acquired the class B, 61-unit Midship Apartments, its third acquisition in the area. Using proprietary underwriting and a comprehensive due diligence process,
Outside the Region: Shawmut Design and Construction honored at American Arch. Awards
November 5, 2019
Miami, FL National construction management firm Shawmut Design and Construction was honored at this year’s 25th annual American Architecture Awards. The firm was part of the team recognized for its work on
Outside the Region: W Financial provides $10.2m bridge loan for Fla. condo development
November 5, 2019
Naples, Fl W Financial has provided a $10.2 million first mortgage bridge loan secured by a newly-built condominium building located on 6th Ave. The borrower needed the bridge loan to repay their maturing
Outside the Region: Marcus & Millichap sell 223-unit multifamily property in South Carolina
November 5, 2019
Simpsonville, SC Marcus & Millichap has completed the sale of the Garden District, a 223-unit multifamily asset. The property sold for $29.35 million, which equates to $131,614 per unit. The buyer is a private investor. “Although the area has added a new supply of apartments
Stracci and Stein of NKF advises Thirty Five Ventures on new headquarters lease: 4,500 s/f at 112 7t...
November 5, 2019
Manhattan, NY According to Newmark Knight Frank, (NKF) Thirty Five Ventures has signed a new office lease for the penthouse at 112 7th Ave., which will serve as the company’s new headquarters. The full
Rechler Equity Partners leases 15,500 s/f to Duggal Visual Solutions
November 5, 2019
Westhampton, NY Rechler Equity Partners has entered into a long-term lease agreement with Duggal Visual Solutions at 200 Rogers Way in the Hampton Business District. The deal for 15,500 s/f of industrial and office
Reynolds, Bestreich, Reynolds, and Davila of BRG facilitate $1.05 million sale
November 5, 2019
Brooklyn, NY Bestreich Realty Group (BRG) closed the sale of 264 Jefferson St. in the Bushwick neighborhood. This multifamily sold for $1.05 million, which equates to $245 per s/f. The building features six two-bedroom apartments totaling 4,290 s/f.
Executive of the Month: Tri State Comm'l is flourishing under Shlomi Bagdadi’s leadership and inno...
November 5, 2019
New York, NY The New York Real Estate Journal recently sat down with Shlomi Bagdadi, Executive of the Month, for a question and answer session. Bagdadi is the president of Tri State Commercial Realty LLC.
NYREJ: How was Tri State born and how has it evolved since