Search
Story results for:
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.
Citizens Commercial leads $91 million in financing for DivcoWest
April 16, 2019
Manhattan, NY According to Citizens Commercial Banking, its commercial real estate finance team is leading a $91 million loan for DivcoWest, to acquire a 15-story, 192,000 s/f, boutique office property located at 311 West 43rd St.
Friedkin Realty Group acquires two Long Island multifamily complexes for $150.5 million
April 16, 2019
Mineola, NY Friedkin Realty Group has closed on the $150.5 million purchase of two residential complexes.
Friedkin Realty Group bought the five-story, 275-unit apartment complex formerly called…
Hakim, Murad, Iadeluca of Meridian arrange
$138.6 million in senior and mezzanine financing
April 15, 2019
New York, NY Meridian’s Adam Hakim, James Murad and Andrew Iadeluca arranged $138.6 million in financing for the ground-up construction of a condominium property on behalf of Anbau. The construction loan includes $96 million of senior financing...
2019 Ones to Watch: Jacob Twena, Tri State Commercial Realty
April 16, 2019
What do you consider to be your greatest professional accomplishment in the past 12 months?
I consider my recent greatest professional accomplishment as completing five retail lease transactions in two days. It took a lot of hard work and persistence but being able to close that many deals in such a short
2019 Ones to Watch: Stephen Pacicco, Olshan Frome Wolosky LLP
April 16, 2019
What do you consider to be your greatest professional accomplishment in the past 12 months?
I worked as part of a team of Olshan Real Estate lawyers in representing the owner of 80-88 Flatbush Ave., 90-98 Flatbush Ave. and 102 Flatbush Ave., under long term ground leases to affiliates of Alloy Development, in combining the
2019 Ones to Watch: Will Parra, SCG-Retail
April 16, 2019
What advice can you offer to someone who is interested in a career in your industry?
Dive in head first. As someone on the data side of the RE business, there has never been a more opportune time than now. With so much information available in the marketplace, tenants, landlords, and brokers not only need
2019 Ones to Watch: Robert Manetta, Mojo Stumer Associates
April 16, 2019
What do you consider to be your greatest professional accomplishment in the past 12 months?
It’s very rewarding seeing my projects develop from a conceptual design to a real life structure. I have also had the opportunity to travel and work on out of state projects, which is a great way to expand my network.