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Overview of the 2019 Upstate apartment market - by Brian Heine
August 6, 2019
Robert Morgan and four other employees of the Morgan Companies in Rochester have been arrested for submitting false information to mortgage lenders to obtain inflated financing unsettling the upstate New York apartment market. Recently one former executive has…
Bruno joins Axiom Capital as senior vice president of business development
August 6, 2019
Clifton Park, NY Pier-Luca Bruno has joined Axiom Capital Corp. as senior vice president of business development. Bruno is responsible for developing and managing existing and new client relationships
DiGennaro, Wolfe and Shtulman of STREAM Capital Partners execute $5.5 million sale
August 6, 2019
Rochester, NY STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, represented the seller in the $5.5 million sale of an industrial property leased to Cintas Corp.
C2 Architecture completes $20 million Electric City; joint project between Prime Cos. & Highbridge D...
August 6, 2019
Schenectady, NY C2 Architecture celebrated the completion of the $20 million Electric City mixed-use project at a ribbon cutting attended by state and local officials and members of the business community
Marshall of O,R&L Commercial and Anninos of CBRE Syracuse broker $5.575 million sale
August 6, 2019
Syracuse, NY O,R&L Commercial, LLC sold a 134,444 s/f former Sam’s Club for $5.575 million.
The retail building on 14.2 acres is located at 2649 Erie Blvd. Phil Marshall of
Rochester’s Cornerstone Group and Community Preservation Partners upgrade Cedarwood Towers
August 6, 2019
Rochester, NY Cedarwood Towers, located at 2052 East Main St., is undergoing a $41.2 million rehabilitation program to upgrade the 50-year-old buildings. The work of the twin 11-story towers, 206-unit facility, is two-thirds complete. The scope of work includes
Meridian Investment Sales exclusively lists four elevator apartment buildings in the Bronx and New R...
August 2, 2019
Bronx and New Rochelle, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, is exclusively offering four elevator apartment buildings for sale. The asking price is…
HKS Real Estate Advisors hires Katz and Safdeye as analysts
August 6, 2019
New York, NY HKS Real Estate Advisors has hired Dean Katz and Arthur Safdeye
POLSINELLI names Levinson shareholder in Commercial Litigation practice
August 6, 2019
New York, NY According to POLSINELLI, Gabriel Levinson has joined the firm as a shareholder in the firm’s Commercial Litigation practice.
LERA wins Engineer’s Choice Award at 2019 SEAoNY
August 6, 2019
New York, NY LERA Consulting Structural Engineers (LERA) was honored with the Engineer’s/People’s Choice Award at the 2019 SEAoNY Excellence in Structural Engineering
Industrious appoints Echenberg as new CFO
August 6, 2019
New York, NY Industrious has appointed Michael Echenberg as CFO, effective September 3rd.
As CFO, Echenberg will be responsible for leading financial strategy across the organization,
CREW New York honors Nardiello and Boccini at 2019 Members’ Luncheon
August 6, 2019
Manhattan, NY CREW (Commercial Real Estate Women) New York honored some of the most influential women in commercial real estate at its members-only luncheon, where CREWNY leaders announced
GZA GeoEnvironmental named a Big Apple Brownfield Award recipient
August 6, 2019
Bronx, NY GZA GeoEnvironmental, Inc. (GZA), a leading multi-disciplinary firm providing geotechnical, environmental, ecological, water, and construction management services, has been named a
TRYP Hotel by Wyndham development in New Rochelle approved
August 6, 2019
New Rochelle, NY According to the City Planning Board, they have approved the development of a 24-story, 225-key hotel and event center in the city’s downtown. When complete, the
Lerman and Shifer of Meridian Capital Group arrange
$5.7 million financing for three Kew Garden ...
August 1, 2019
Queens, NY Meridian Capital Group has arranged $5.7 million in acquisition financing for three multifamily properties on behalf of MDM Development. The five-year loan, provided by a balance sheet lender, features a rate of 3.88% and two years of interest-only payments followed by...
ABS Partners Real Estate LLC forms joint venture with R.D. Geronimo LTD
August 6, 2019
New York, NY According to ABS Partners Real Estate LLC, it has formed a joint venture with appraisal services firm R.D. Geronimo LTD. The new joint venture, ABS R.D. Geronimo Valuation Services LLC
Doshi, Mehra, and Shainberg of Meridian sell two Bronx multifamily properties for $21 million
August 6, 2019
Bronx, NY Meridian Investment Sales has closed two rent-stabilized assets in the Highbridge neighborhood. This $21 million transaction was spearheaded by Amit Doshi, Shallini Mehra, and Jonathan Shainberg
New York Housing Stability and Protection Act of 2019 - by Robert Dremluk
August 6, 2019
On June 14th, 2019, the New York legislature enacted S.6458, the “Housing Stability and Tenant Protection Act of 2019,” after the bill passed the New York Assembly. This legislation is effective immediately and changes how approximately
Message from the CEO of Bronx-Manhattan North Association of Realtors: New rent laws - by Eliezer Ro...
August 6, 2019
New Rent Laws – What Happens Now?
On Friday, June 14th, 2019, governor Cuomo signed the Housing Stability and Tenant Protection Act of 2019. In subsequent days, changes to the legislation were also signed by
Where does my land end and my neighbors’ begin? - by Greg de Bruin
August 6, 2019
Summer has arrived, which means many of us are gearing up to start our outdoor projects for the year. ‘Tis the season for installing pools, building fences, or perhaps breaking ground on that vacant land you want to improve. However, before these