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With green opportunities, comes a lot of red tape: Different programs offered by local/state agencie...
September 3, 2019
When it comes to environmental projects, there are many different programs offered by local and state agencies. They are typically the most desirable during acquisition and redevelopment of a property in which environmental impacts have been discovered.
Tax bills are coming to Nassau and Suffolk Counties – What do they mean for your property? - by Br...
September 3, 2019
In the coming months, both Nassau and Suffolk County property owners will receive significant tax bills. In Nassau County, the first bill will arrive in early October for the school taxes which typically represent 60% to 70% of a property’s burden.
CBRE completes three leases for Regus totaling 87,200 s/f on Long Island
September 3, 2019
Inwood, NY The CBRE team of Vincent LaManna, Richard Freel and Peter Danna represented Regus, a provider of flexible workspace solutions, in three transactions comprising two lease renewals and an expansion totaling 87,200 s/f.
Classi of GCP arranges $12.95 million in financing for two senior apartment complexes
September 3, 2019
West Sayville, NY GCP Capital Group LLC has arranged $12.95 million in combined financing for two 55+ senior citizen apartment complexes containing a total of 18 two-story buildings
Sass of Silber Investment Props. completes $6.625 million sale; Collaborated with RPS capital and Ha...
September 3, 2019
Hicksville, NY T.M. JASME EAST, LLC has purchased properties located at 96-102 N Broadway, 1-3 Newbridge Rd. and 29 Williams St., from RIARK, LLC for $6.625 million at 6.5% cap rate through a 1031 exchange.
Dunne, Pride and Apfel of CBRE complete sale of 232-unit apartment property
September 3, 2019
Bay Shore, NY CBRE has arranged the sale of Fairfield Courtyard at Bay Shore – a 232-apartment workforce housing community. The CBRE team of Jeffrey Dunne, Gene Pride and Eric Apfel represented the owner...
Racanelli Construction completes $1.2 million interior fit-out project; 3,998 s/f project built for ...
September 3, 2019
Melville, NY Racanelli Construction Company, Inc. has completed a 3,998 s/f, single-story building project on behalf of TD Ameritrade Holding Corp. The interior fit-out project, for which Racanelli served as the general contractor....
Tsiolis of Diversified Realty LI represents buyer in $900,000 sale
September 3, 2019
West Babylon, NY Upper Restoration, a restoration and cleaning company serving Long Island, the five boroughs of New York, New Jersey, Pennsylvania and Connecticut has purchased a 7,000 s/f warehouse...
Breslin of Breslin Realty brokers two leases for Greek Xpress totaling 3,158 s/f; Delavale reps land...
September 3, 2019
Garden City, NY According to Breslin Realty, Justin Breslin (second-year Hofstra Law student and grandson of Wilbur Breslin, chairman of the board of Breslin Realty) has brokered two long-term leases with Greek Xpress totaling 3,158 s/f...
Cohen of Ashlind Properties arranges two leases totaling 46,200 s/f; Also completes a $4.6 million s...
September 3, 2019
Medford, NY Richard Cohen, president of Ashlind Properties, an industrial/commercial realtor, arranged two leases totaling 46,200 s/f and a $4.6 million sale. The deals include the following:
Hunt Corp. Question & Answer: Measuring space
September 3, 2019
Q: Brokers seem to quote space as both useable and rentable s/f. Would you please explain rentable and useable s/f, and how are they both calculated?
A: The space that a tenant can actually use is called “useable,”
Bestreich, Reynolds, Davila, and Reynolds of Bestreich Realty Group handle $1.95 million sale of Bro...
September 3, 2019
Brooklyn, NY Bestreich Realty Group (BRG) completed the sale of 854 Hancock St., in the Bedford Stuyvesant neighborhood. The four-unit multifamily property sold for $1.95 million. The property features two four-bedroom/two-bathroom units,
Katz & Associates secure 1,250 s/f for Warby Parker
September 3, 2019
East Hampton, NY According to Katz & Associates, Warby Parker has opened their first area location at 50 Newtown Ln. Brian Katz, CEO of Katz & Assoc. secured the site on behalf of the tenant. The lease is for 1,250 s/f.
Platt of Arbor Realty Trust originates $2.5 million cash-out refinancing
September 3, 2019
Brooklyn, NY Arbor Realty Trust, Inc. funded a Freddie Mac Small Business Loan (SBL). The 18A Bleecker St. received $2.5 million in cash-out refinancing through the program. Geoffrey Platt of Arbor’s New York City office originated the loan.
CREW New York holds event Aug. 7th at Golf Club at Chelsea Piers
September 3, 2019
Manhattan, NY On Wednesday August 7th, CREW New York’s (CREW-NY) Young Professionals gathered for a golf lesson and practice with golf pro Marjorie Jones at the Golf Club at Chelsea Piers.
Our firm is thriving by staying ahead of the curve - by Joseph Aquino
September 3, 2019
The final quarter of this year, and at least the first quarter of 2020, might be rough for the real estate leasing business. Any leasing broker can make deals when the going is good. What sets some brokers ahead of the pack is their ability to execute strong lease transactions in challenging times.
Message from the CEO of Bronx-Manhattan North Association of Realtors: New rent laws - by Eliezer Ro...
September 3, 2019
The New Rent Laws—Revision or Revenge? In July 2019, I wrote an article for the New York State Real Estate Journal entitled: “New Rent Laws — What Happens Now?” The article summarized a few of the changes that would affect property owners as a result of governor Cuomo’s signing into law the Housing Stabi
Shkury of Ariel Property Advisors shares “Multifamily Mid-Year In Review NYC” report
September 3, 2019
New York, NY NYREJ recently sat down with Shimon Shkury, founder and president of Ariel Property Advisors, a New York City investment real estate services and advisory company, who shared some of the highlights from Ariel Property Advisors
Rent reform in New York: Good cause for concern - by Philip Tucker
September 3, 2019
Recent rent reform in New York dealt a shattering blow to the status quo of the real estate world. While the real estate industry is preoccupied with picking up the pieces, the tenant’s lobby is signaling that they will continue to push for even more change.
Zaks and Stavsky of Venture Capital broker $6.1 million deal, Darouvar, Sarraf, and Sabet of Venture...
September 3, 2019
Brooklyn, NY Venture Capital Properties has closed two sales totaling $8.2 million:
Hirschy Zaks and Jacob Stavsky of Venture Capital Properties closed the sale of169 Empire Blvd., a development site in the