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Hempstead IDA authorizes benefits for B2K purchase, renovation of The Bristal Assisted Living at Lyn...
November 11, 2025
Lynbrook, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said the agency has granted a package of economic development incentives that will aid a developer’s purchase and renovation of an assisted living facility that will
Hunt Corp. Commercial Real Estate Q&A: What are the advantages of a sale-leaseback? - by David Hunt...
November 11, 2025
There are several advantages to selling your property to a third party and simultaneously executing a long-term net lease to occupy the building. As you are probably aware, a sale-leaseback is a mechanism that allows you to access the equity that has been locked into your bricks and
Hackett and Timpone of Metro Realty Services sell three properties and land for $7.35m
November 11, 2025
Medford, NY Jeremy Hackett and Mark Timpone of Metro Realty Services, LLC negotiated four sales transactions totaling 16,000 s/f and .68 acres for a total of $7.3538 million. Hackett and Timpone sold 6,000 s/f at 79 Cedarhurst Ave. to One Stop Metro
Zankel of Core Title Services earns ALTA’s NTP designation
November 11, 2025
Jericho, NY Andrew Zankel, president and managing partner of Core Title Services LLC, has earned the National Title Professional (NTP) designation from the American Land Title Association (ALTA), the national trade association of the land title insurance industry. Formally
JLL arranges $47.8m construction loan for The Renatus Group and Declaration Partners - 218,000 s/f p...
November 11, 2025
Quogue, NY JLL capital markets has arranged a $47.8 million construction loan for Quogue Business Park, located at 8 Midhampton Ave. Quogue Business Park is a mixed-use project comprised of two shallow bay industrial buildings and a self-storage facility
SAFE structure designs awarded multiple contracts to support Yulista’s U.S. Air Force T-38 Talon M...
October 28, 2025
Las Vegas, NV SAFE, with a known track recored for supplying safety-first support equipment and precision test systems, announced it has been awarded multiple consecutive contracts to design, engineer, and manufacture specialized
Cronheim Secures $17.8 million financing for grocery-anchored shopping center
October 28, 2025
Jersey City, NJ Cronheim Mortgage has arranged $17.8 million in financing for Old Colony Square, a 100,760 s/f grocery-anchored shopping center. The loan, structured with a 5-year term, 30-year amortization, and a fixed
NAIOP’s President’s Awards and Hall of Fame Reception
October 28, 2025
The event was the key portion of NAIOP’s President’s Awards and Hall of Fame Reception. Mr. Lieb had been previously honored twice before at NAIOP NJ’s annual Gala
Permanent Opportunity Zones under the OBBB: What developers and investors need to know - by Sandy K...
November 11, 2025
Real estate investors and developers have a new reason to pay attention to Opportunity Zones. The One Big Beautiful Bill (OBBB), signed into law July 4, 2025, extends and updates the Qualified Opportunity Zone (QOZ) program beginning in 2027. While the new version of the program
Protecting design professionals from difficult clients: Contract strategies to avoid regret - by Wi...
November 11, 2025
Architects, engineers, and design professionals begin each project with optimism, creativity, and good faith. Yet, too often, those ideals collide with clients who turn adversarial — breaching contracts, fabricating claims, or issuing threatening letters as leverage. These encounters
Broome County’s competitive edge: Affordability, accessibility, and quality of life - by Stacey D...
November 11, 2025
Across Upstate New York, economic momentum is building. From advanced manufacturing to clean energy innovation, new investments are rewriting the story of our region. But as this renaissance accelerates, the communities that will benefit most are those equipped not only with shovel-ready sites,
The Federal Reserve and recent capitalization rates - by John Rynne
November 11, 2025
Finally, the Federal Reserve is awakening to the calls from the White House to reduce interest rates. The Federal Reserve chairman, Jerome Powell, was hesitant to lower rates because of the fear of inflation. During 2022-23 inflation spiked substantially in all sectors after COVID when local,
The Qualified Opportunity Zone program - by Michael Packman
November 11, 2025
There has been a lot of talk around the changes brought on by the Big Beautiful Bill Act. I am regularly fielding questions on what they are, especially in relation to real estate, so I decided to outline the changes in one area, the Qualified Opportunity Zone (QOZ) program, in this article.
Tax class one property owners need to be vigilant in having their upcoming 2026/27 tax assessment re...
November 11, 2025
In my August 2025 article, I discussed what a Zohran Mamdani-led New York City could look like – early on – from a real estate tax perspective. Fast forward just a few months and things are accelerating faster than an out-of-control locomotive. Previously I opined that Mamdani
NYSCAR Nov. 2025 president’s message: upcoming education course and Southern Tier Developers Summi...
November 11, 2025
The New York State Commercial Association of Realtors has one great course remaining this fall (free of charge for NYSCAR members). We hope you are able to join us: (nyscar.org/tools/professional development)
Cleeman arranges two off-market sales
of grocery-anchored properties
November 11, 2025
Lockport, NY Cleeman Realty Group negotiated the $5,281,690 off-market sale of a net-leased Tops Market. The property, spanning 55,000 s/f on 5.6 acres, is situated at 3949 Lockport-Olcott Rd. Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented
Kutikov and Heeps of RedMark Realty
sell 125,000 s/f Westgate Plaza
November 11, 2025
Albany, NY Westgate Plaza at 911 Central Ave. was sold for $6.3 million. The buyer, a locally based investment group led by Faraz Khan, also owns Clifton Park Center and Wilton Malls. The seller, Horizons Management has owned the center for over 30 years. The transaction was
Lee & Assocs. NYC facilitates $32.3 million sale of Buffalo School of Culinary Arts & Hospitality Mg...
November 11, 2025
Buffalo, NY Lee & Associates NYC has facilitated a $32.3 million sale of 75 West Huron St. on behalf of McGuire Development Company. The 102,000 s/f, seven-floor building is occupied entirely by The Buffalo School of Culinary Arts & Hospitality Management, a public
REBNY Next Gen. panel highlights office-to-residential conversion as key to New York State’s housi...
November 11, 2025
Manhattan, NY The Real Estate Board of New York (REBNY), gathered members together on October 16 for its latest Residential Next Generation event, a panel discussion titled “From Office to Home: Commercial to Residential Conversions
Arrow Real Estate Advisors arranges $8.3 million refinance for 35 East Bdwy.
November 11, 2025
Manhattan, NY Arrow Real Estate Advisors closed an $8.3 million refinance loan on behalf of Albert Malekan for 35 East Bdwy., a 31,315 s/f office property located in Chinatown. The financing was provided by Axos Bank and arranged by Jacob Schmuckler, senior director, and Meir