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ULI NY names winners at Annual Awards for Excellence in Development; Silverstein wins Visionary lead...
April 16, 2019
Manhattan, NY On April 4th, the Urban Land Institute New York (ULI New York) named the winners of its Annual Awards for Excellence in Development, which honors exceptional development projects that exemplify ULI New York’s mission and values.
Fordham Real Estate Institute adds Graduate Certificate in real estate finance
April 16, 2019
New York, NY Fordham Real Estate Institute (REI) is its growing Graduate Certificate component with the addition of a Graduate Certificate in real estate finance.
Tectonic wins 2019 ACEC NY Platinum Award
April 16, 2019
Mountainville, NY Tectonic Engineering & Surveying Consultants P.C. received a Platinum Award from the American Council of Engineering Companies (ACEC) of New York at the 52nd Annual Engineering Excellence Awards Competition on April 13th.
Brody of Brody Realty inks 4,900 s/f to PM Pediatrics; SD Urban is landlord
April 16, 2019
Bronx, NY According to SD Urban Retail, it has executed a lease with PM Pediatrics at The Shops on Broadway. Located at 5740 Broadway, the subject is a newly constructed…
Elk Homes tops off Colonial Court residences in Pelham; Architect for project is Crozier-Gedney
April 16, 2019
Pelham, NY Elk Homes, a developer of rental and multifamily housing, celebrated a milestone with the “topping off” of Colonial Court, a new 16-unit residence. The topping off marks the completion of the final floor and roof of the building.
Hello Living and TriState Commercial secure 7,500 s/f lease for WOODstack
April 16, 2019
Brooklyn, NY Hello Living LLC has secured the first commercial retail tenant at Hello Flatbush, at 1357 Flatbush Ave. WOODstack will be occupying 7,500 s/f. Asking rent was $55 per s/f.
Famularo and Goldberg of Meridian Retail Leasing arrange 1,700 s/f; Kapnick and Watson of Lee & Asso...
April 16, 2019
Manhattan, NY Meridian Retail Leasing, the retail leasing division of Meridian Capital Group, has arranged a long-term lease for Bite Food & Coffee at 820 Broadway in the Greenwich Village neighborhood…
Venture Capital sells 28,000 s/f in Midtown South for David Z shoes
April 16, 2019
Manhattan, NY According to Ryan Sabet, managing director of Venture Capital Properties, David Zaken, president of the David Z shoe chain, sold a 28,000 s/f commercial and…
SWBR celebrates grand opening of DePaul’s
$17 million, 60-unit Skybird Landing Apartments
April 16, 2019
Geneseo, NY DePaul’s new $17 million Skybird Landing Apartments celebrated its grand opening. The name is a tribute to Geneseo’s National Warplane Museum, a warbird and military history museum founded in 1994.
NYC Health + Hospitals/Coney Island begins $922 million 11-story hospital building/campus redesign p...
April 16, 2019
Brooklyn, NY Deputy mayor for Health and Human Services Herminia Palacio, NYC Health + Hospitals president and CEO Dr. Mitchell Katz, and NYC Health+ Hospitals/Coney Island CEO William Brown began the construction of the new flood resistant
TF Cornerstone breaks ground on Hunters Point South;
Team includes: ODA, SLCE and Mathews Nielse...
April 16, 2019
Queens, NY TF Cornerstone, Selfhelp Community Services, the NYC Department of Housing Preservation & Development, NYC Housing Development Corp., congresswoman Carolyn Maloney, and assemblywoman Catherine Nolan
The Wizard of OZ (that’s “Opportunity Zones”) Part 2 of OZ vs. 1031: Required holding periods ...
April 16, 2019
There is no defined holding period requirement for the property acquired in a 1031 exchange, although the IRS has taken the position that a disposition shortly after the 1031 could invalidate the 1031 transaction because the replacement property is not considered to be held for investment or for use in a trade or business…
Goldflam of Highcap Group leads team in sale of 73,000 s/f Bronx development site for $3.95 million...
April 16, 2019
Bronx, NY Josh Goldflam, co-founder and principal of Highcap Group, with associates Lou Corti, Guy Vardi, and Andrew Tamayo, have arranged the $3.95 million sale of 1746 Andrews Ave. South. The seller was Andrews Development Corp.
Katz and Fuchs of GFI Realty broker $4.1 million sale of two apartment buildings in the Bronx
April 16, 2019
Bronx, NY GFI Realty Services, LLC brokered the $4.1 million sale of 2077 Vyse Ave. and 951 East 179th St., two four-story apartment buildings in the West Farms neighborhood. GFI Realty managing director Yosef Katz and associate Zachary Fuchs represented
Jungreis, Brody and Tolmasov of Rosewood Realty close $3.75 million townhouse; Omek Capital is selle...
April 16, 2019
Manhattan, NY Rosewood Realty completed the $3.75 million sale of a four-story Harlem townhouse between 125th and 126th Sts. with eight apartments.
Crown Heights: Megaprojects and Opportunity Zones point to another area metamorphosis - by Berman, M...
April 16, 2019
Crown Heights has undergone an amazing transformation in recent years, but is it about to become unrecognizable? Developers are breaking ground at a rapid pace and the upcoming construction of…
Construction begins on 110-unit Apple Blossom Apartments; DePaul Properties is developer for $37 mil...
April 16, 2019
Cheektowaga, NY According to governor Andrew Cuomo, construction has begun on a $37 million affordable and supportive housing development.
Law: Federal antitrust suit filed against NAR alleging commission price fixing - Thomas McNamara
April 16, 2019
A class action antitrust lawsuit has been filed in federal court in Chicago against the National Association of Realtors (NAR) and four of the nation’s largest real estate brokerage companies.
Mack-Cali Realty completes 3.1 million s/f office/flex portfolio sale to Robert Martin Co. for $487....
April 16, 2019
Elmsford, NY According to Mack-Cali Realty Corp., it has executed the sale of its 3.1 million s/f office/flex portfolio to Robert Martin Company LLC (RMC). The aggregate sales price for the portfolio was $487.5 million.
Ranieri of NorthMarq secures $2.73 million in acquisition financing for 80,846 s/f Liberty Center Pl...
April 16, 2019
Seneca Falls, NY Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains office secured acquisition financing of $2.73 million for Liberty Center Plaza, a 80,846 s/f retail property.