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Vacker of Meringoff Props. wins “Most Innovative Tech. Deal of the Year” for JVP Lease at 462 Br...
July 2, 2019
Manhattan, NY According to Himmel + Meringoff, Jason Vacker, president and CEO of its management company (Meringoff Properties), was honored at the American Friends of Rabin Medical Center Real Estate
8th annual Real Estate Rockers in Relief concert raises over $150,000 for NECHAMA – Jewish Respons...
July 2, 2019
New York, NY Real estate professionals rocked out for charity at the 8th annual Real Estate Rockers in Relief concert, which drew over 750 guests to the city’s Irving Plaza.
Ariel Property Advisors hosts networking breakfast June 13th with BMNAR: “Bronx State of Mind”
July 2, 2019
Manhattan, NY Nearly 100 real estate professionals joined Ariel Property Advisors at its first-ever “Bronx State of Mind” event in Midtown on June 13th. The networking
Ziskin, Lobel, Zeitchik and Frank of BRG facilitate $5.25 million sale; Bestreich, Reynolds, Reynold...
July 2, 2019
Manhattan, NY Bestreich Realty Group (BRG) brokered two sales totaling $7.875 million. The sale of 519 East 6th St.: The final closing price is
Golomb of Fried, Frank, Shriver, Harris & Jacobson leads team to advise Vornado Realty Trust on Penn...
July 2, 2019
Manhattan, NY Fried, Frank, Shriver, Harris & Jacobson LLP advised Vornado Realty Trust in connection with the first phase of improvements to Penn Station.
Legal Outreach to honor Ariel Property Advisors’ Shkury as a “Corporate Impact Champion”
July 2, 2019
Manhattan, NY Ariel Property Advisors president and founder, Shimon Shkury, has been chosen to be honored as a “Corporate Impact Champion” by the non-profit Legal Outreach at its annual…
Klosed Properties acquires three buildings in the Bronx for $6 million
July 2, 2019
Bronx, NY Klosed Properties has acquired a three-building portfolio from Joerg von Oldershausen for $6 million.
Fletcher of Greystone arranges $413m for Douglaston and Ares; HSBC leads financing syndicate; design...
July 2, 2019
Manhattan, NY Greystone has arranged equity and debt for Douglaston Development’s 931-unit mixed-use residential development at 601 W. 29th St. Spanning the full block-front on
Message from the CEO of Bronx-Manhattan North Association of Realtors: Commercial vacancy bills - by...
July 2, 2019
The prevalence of vacant storefronts in New York City is moving the state and the city council to propose two bills each to solve the problem. Each bill will impose a fee on property owners…
Arbor Realty Trust funds $15 million bridge loan; Originated by Yanovskiy
July 2, 2019
Brooklyn, NY Arbor Realty Trust, Inc. has funded a $15 million bridge refinance loan for 2417 Albemarle Rd., a 43-unit multifamily property. The deal provides an interest only loan over
Eyzenberg and Vladislavova of Eyzenberg & Co. secure $22 million with Chase Bank
July 2, 2019
Manhattan, NY Eyzenberg & Co. has arranged $22 million in senior secured debt to refinance a portfolio of three multifamily rental properties comprising 186 units and one
Team Lala of RM Friedland brokers $30.5 million portfolio sale
July 2, 2019
Manhattan, NY According to RM Friedland, Team Lala, led by senior vice president Marco Lala, has negotiated the sale of a nine building portfolio for $30.5 million. With 107 units totaling 91,395 s/f, the deal encompasses two clusters of
The Wizard of OZ (that’s “Opportunity Zones”): Interim gains & reinvestment - by Dan Flanigan...
July 2, 2019
OZ proponents claimed a victory when Treasury, in the recent “second round” of proposed regulations, accommodated, in a limited way, the ability of an OZ Fund2 to sell an asset and reinvest the proceeds before the expiration of the 10-year hold period without
Pizzarotti, LLC obtains final TCO for 6000 Royal Court
July 2, 2019
North Hills, NY According to Pizzarotti, LLC, The Ritz-Carlton Residences Long Island, North Hills has recently obtained its final Temporary Certificate of Occupancy (TCO) for 6000 Royal Court. This is following the TCO of 3000 Royal Court received at the end of 2018 and 5000 Royal Court
Antario and Curtis of One Realty reps tenant in 6,300 s/f lease; Hurney of Reliant Realty reps landl...
July 2, 2019
W. Sayville, NY Harry Antario, licensed real estate salesperson, and Patrick Curtis, the corporate broker for Long Island-based One Realty Services, Inc, has represented the tenant in a 6,300 s/f single-tenant NNN lease. The two-story restaurant building was built in 1985 and is valued at $1.4 million on 21 Main St.
LIREG W and LIREG New Gen to hold Gatsby Beach event on July 25th
July 2, 2019
Wantagh, NY LIREG W and LIREG New Gen will hold “Gatsby Goes to the Beach” on July 25th from 6 to 9 p.m. This networking event will have a 1920’s flair. The event will be held at Jones Beach West Bathhouse, 2000 Ocean Pwy.
USGBC-LI holds 12th Annual Building Green Dinner; Honored Shamash, Oral and Mascali at event
July 2, 2019
Hauppauge, NY The U.S. Green Building Council Long Island chapter (USGBC-LI) held their 12th Annual Building Green Dinner. The event was held at IBEW Local 25 Catering Hall at 370 Motor Parkway on June 13th. The honorees included the following....
Commercial Classroom: The changing retail market - by Edward Smith
July 2, 2019
In April, CNN Business reported that 6,000 retail stores would be closing in 2019; last week Business Insider increased that closing expectation to 7,000 stores by year’s end. Some of the retailers include: Payless (2,500 stores), Gymboree (850), Dress Barn (600) Charlotte Russe (520), Family Dollar (390)....
Tsunis of GCB honored at NSASA’s 2nd Annual Golf Outing/Dinner Awards
July 2, 2019
Brookville, NY Gold Coast Bank’s (GCB) chairman & CEO, John Tsunis was honored by the Nassau/Suffolk Autism Society of America (NSASA) at their second Annual Golf Outing & Awards Dinner on June 3rd at Tam O’ Shanter Country Club. The event was put together by NSASA....
Nassau County IDA promotes Oglesby to COO and Fee as chief marketing officer
July 2, 2019
Mineola, NY Nassau County Industrial Development Agency has promoted Danielle Oglesby to chief operating officer and has hired Catherine Fee as chief marketing officer/director of business development. Oglesby was previously the deputy executive director of the agency.