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B’nai B’rith Real Estate hosts “Opportunity Zone Update” at April 10th luncheon
May 7, 2019
Manhattan, NY An expert panel discussed, “Opportunity Zones Update” at the April 10th B’nai B’rith Real Estate’s monthly luncheon meeting at the Cornell Club.
Hidrock to convert 35 West 36th St. into office condos
May 7, 2019
Manhattan, NY According to Hidrock Properties, 35 West 36th St., a 12-story, 78,000 s/f office building located in Midtown’s Herald Sq. submarket, will be converted to office condos.
CAM reconciliation for your NNN retail asset(s) - by Albert Aranbaev
May 7, 2019
Whether you’re a commercial real estate property manager or landlord, you’ve heard that dreaded term: CAM Reconciliation. The worst time of year for you must be February or March when NNN tenants start requesting reconciliation statements. Sure, one may hope that
Elk Homes unveils plans for 26-unit Larchmont condo project; Building designed by Perkins Eastman
May 7, 2019
Larchmont, NY Rye-based developer Elk Homes unveiled plans for Centro Larchmont, a new condominium residence in the village. The project will enhance Larchmont as well as provide premier modern retail space,
Question of the Month: Can a zoning lot consisting of more than one tax lot include partial tax lots...
May 7, 2019
There was a recent Manhattan Supreme Court decision regarding the definition of a zoning lot. The matter involved three proceedings. First, an application was submitted to the Dept. of Buildings seeking permits to construct a 55-story residential building based on a zoning lot that included partial tax lots.
Message from the CEO of Bronx-Manhattan North Association of Realtors: Fun, news, and sports
May 7, 2019
On April 18th, 2019, The Bronx Manhattan North Association of Realtors (BMNAR) hosted its 95th Annual Banquet at the fabulous Marina del Rey. This black-tie affair is a major networking event that attracts the Who’s Who in the real estate industry. An impressive group of industry business leaders and elected officials were
Aquino of JAACRES, with San Andres, lease 1,000 s/f to Charleston Shoe Co.; Schneidman and Klatsky o...
May 7, 2019
Manhattan, NY The Secret Broker Society president Joseph Aquino of JAACRES, with colleague Lynn San Andres have assisted Charleston Shoe Co. in its
Ziskin, Frank, Lobel and Zeitchik of Bestreich Realty Group facilitate $11.3 million sale
May 7, 2019
Manhattan, NY Bestreich Realty Group (BRG) completed sale of 13-15 Christopher St. in the West Village for $11.3 million, translating to
Rosenberg & Estis, P.C. acts as legal counsel to Durst Org. in $900 million refinancing of 151 West ...
May 7, 2019
Manhattan, NY Rosenberg & Estis served as legal counsel to The Durst Org. in connection with the $900 million refinancing (as well as the related defeasance of the prior existing mortgage)
Sozio, Shkury, Tortorici, and Lev of Ariel Property Advisors sell Glendale multifamily portfolio: $1...
May 7, 2019
Queens, NY Ariel Property Advisors has facilitated the sale of the Glendale multifamily portfolio, three adjoining buildings are located at 71-15, 71-21, 71-27 65th St. in the Glendale neighborhood. The 72-unit property trio sold for $15.96 million, which…
Hempstead IDA approves benefits for Beechwood’s $110 million development
May 7, 2019
Westbury, NY According to Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), the agency has given preliminary approval to a request for benefits from the Beechwood Org.,
Schorr of Realty Insight reps buyer in $2.12 million sale
May 7, 2019
Brentwood, NY Chris Giacalone of Roberts Equities has purchased 710 Suffolk Ave. for $2.12 million. The 3,362 s/f property on 0.89 acres is leased to Citibank. The buyer was represented by Neil Schorr
Midwood secures $30 million construction loan for Eastgate Plaza;
Financing arranged by Estreich...
May 7, 2019
Garden City, NY Manhattan-based real estate company Midwood Investment & Development has secured a $30 million construction loan for Eastgate Plaza, a new retail development located at 867 East Gate Blvd. in The Roosevelt Field Mall corridor.
Hunt Corp. Question & Answer: Commercial leasing bargain bin
May 7, 2019
Q: We are looking for space to lease for our company. What is absolutely the best way to get a great deal? A: In an open market, great deals generally result from a transaction with a highly motivated landlord, or a tenant who is anxious to sublease their space. S
Stenson of Brax Realty brokers $6.6 million sale of 9,390 s/f building in Hell’s Kitchen
May 7, 2019
Manhattan, NY Alan Stenson, senior director at Brax Realty, has closed the sale of a 9,390 s/f building in Hell’s Kitchen. The property, 439 West 46th St. is located between 9th and 10th Aves., sold for $6.6 million. Stenson represented the seller…
Eastern Union closes over $1 billion in Q1 2019
May 7, 2019
Brooklyn, NY According to Eastern Union, it has completed the first quarter of 2019 having closed a deal portfolio exceeding $1 billion in value.
Brick Capital Partners provides $3.3 million in financing
May 7, 2019
Manhattan, NY Brick Capital Partners LLC has completed the following: Provided a $2.5 million first mortgage to a private real estate owner with
Gilco Realty completes four leases totaling over 4,500 s/f
May 7, 2019
Bronx, NY According to Gilco Realty LLC, Michael Gilbert completed a 4,500 s/f lease at 1160 Southern Blvd. The tenant, Children’s Aid Society, was represented by ARC Advisors.
IDA of the Month: Westchester County IDA is a major driver behind residential building boom under wa...
May 7, 2019
White Plains, NY Westchester County is enjoying an unprecedented residential building boom that is changing the skyline of the county’s cities, towns and villages. One of the major drivers behind this economic development expansion is the Westchester Industrial Development Agency
Executive of the Month: Jude Regev of Jointer.io and Element Zero is a self-taught, driven and pass...
May 7, 2019
New York, NY The New York Real Estate Journal recently sat down with Jude Regev, founder and CEO of Jointer.io and founder and chairman of Element Zero, for a question and answer session.