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Hudson Gateway Realtor Foundation donates $15,000 to Make-A-Wish Hudson Valley
February 19, 2019
Tarrytown, NY The Hudson Gateway (HG) Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, recently presented a check for $15,000 to Make-A-Wish Hudson Valley.
The Wizard of OZ (that’s “Opportunity Zones”): Waiting for Godot - by Dan Flanigan
February 19, 2019
In Samuel Beckett’s classic theatre piece, two feckless humans, Vladimir and Estragon, wait the entire play for someone named “Godot” to arrive. As they wait, they engage in various clownish antics—as we also shall, here in the land of OZ, pending the release of the next clarifying pronouncements from the U.S. Treasury Department.
Could Fannie/Freddie green programs be right for you? - by Solomon Rosenbaum
February 19, 2019
Investing in energy efficiency is something that sounds great in theory and one which most people would agree is a worthwhile endeavor. However, in the end, it all comes down to the…
EPIC Commercial Realty negotiates two sales totaling $10.1 million
February 19, 2019
Manhattan, NY EPIC Commercial Realty negotiated two sales totaling $10.1 million:
An off-market mixed-use building containing lofts and retail spaces for $7.3 million. Ido Tzaidi and Tal Sharon were sole agents on the…
Klosed Properties acquires 2320 Hughes Ave., 7,250 s/f corner mixed-use building in the Bronx for $1...
February 19, 2019
Bronx, NY Klosed Properties has acquired 2320 Hughes Ave., a 7,250 s/f corner mixed-use building in the Belmont neighborhood for $1.875 million.
Jungreis of Rosewood represents buyer and seller in $21 million sale
February 19, 2019
Manhattan, NY According to Benchmark Real Estate Group, it paid Renaissance Properties $21 million for a six-story mixed-use building in the West Village. Aaron Jungreis of Rosewood Realty Group brokered the transaction…
GHP Office Realty, LLC completes energy storage system at its White Plains headquarters with Peak Po...
February 19, 2019
White Plains, NY GHP Office Realty, LLC, a division of Houlihan-Parnes Realtors, LLC, has completed the installation of 375 kW / 940 kWh of battery energy storage at their headquarters located at 4 West Red Oak Ln. This project represents one of the largest energy storage installations in a commercial building in the state…
Shamel of GFI Realty Services arranges $1.975 million sale
February 19, 2019
Queens, NY GFI Realty Services arranged the $1.975-million sale of 503 Grandview Ave., a four-unit multifamily building located in the Ridgewood neighborhood.
Silverback Development and AEW acquire residential tower from Greystone Development – $80 million
February 19, 2019
Queens, NY According to Josh Schuster’s Silverback Development, it has acquired a 23-story residential tower at 24-16 Queens Plaza South in Long Island City for $80 million. Silverback, along with AEW Capital, purchased the project from Greystone Development. Construction at the site is well underway as the nearly 300-foot tower is topped off and work at the site is 60% complete.
American Airlines, British Airways to invest $344 million in John F. Kennedy International Airport
February 19, 2019
New York, NY According to governor Andrew Cuomo, American Airlines and British Airways will invest $344 million in John F. Kennedy International Airport to expand and improve the customer experience at Terminal 8 as part of the governor’s comprehensive plan to make the airport a modern, 21st century gateway to the nation.
Featured Project: A tale of two buildings – Hastings Capital separates two buildings from one in A...
February 19, 2019
Amityville, NY Hastings Capital has separated two freestanding buildings that were joined together by a previous owner, renovating them and completing the renovation of one of the buildings into a handsomely appointed industrial-zoned brick art deco-inspired building.
Real Estate Law: Obtaining regulatory guidance from regulators - by Aaron Gershonowitz
February 19, 2019
A major part of practicing environmental law is the ability to advise based on an assessment of how an agency is likely to behave. The rules and regulations are often not as clear as a regulated party would like. Interpreting the rules and regulations, or using how they were interpreted in other contexts to determine a recommended course of action, can be difficult.
CUR Funding originates $6 million bridge loan
February 19, 2019
Brooklyn, NY CUR Funding LLC, the lending arm of City Urban Realty, through an affiliate entity, has funded a $6 million bridge loan secured by a portfolio of mixed-use buildings in the Fort Greene and Clinton Hill neighborhoods.
Cleghorn and LaSala of BellCornerstone broker $4 million sale – 123,042 s/f
February 19, 2019
Fulton, NY BellCornerstone has completed the sale of 607 Phillips St., containing 123,042 s/f, for $4 million.
Simon and Gordon of Admiral handle Green Way Markets lease at Orchard Square Shopping Center in Cros...
February 19, 2019
Cross River, NY According to Admiral Real Estate, Green Way Markets is coming to Orchard Square Shopping Center, the area’s primary retail center.
Holloman of Lee & Associates NYC closes $11.5 million sale with Bruman Realty
February 19, 2019
Queens, NY Alfonso Holloman, CCIM, senior managing director/principal of Lee & Associates NYC has arranged the sale of the property at 26-24 & 26-26 Fourth St., between 26th and 27th Aves.
Tishman Speyer secures 328,000 s/f in leases
February 19, 2019
Queens, NY According to Tishman Speyer president and CEO Rob Speyer, the company has finalized lease agreements with Macy’s, Inc. and NewYork-Presbyterian at The JACX, its 1.2 million s/f office development under construction in Long Island City.
Pinchasicks of JAM Real Estate sell Murray Hill walk-up to Excel Dev. Group for $11.2 million; Khors...
February 19, 2019
Manhattan, NY According to JAM Real Estate Partners, the firm has closed on the sale of 345 East 33rd St. The building, located between First and Second Avenues of the Murray Hill Neighborhood, sold for $11.2 million.
Amazon cancels plans to build headquarters in Long Island City, Queens
February 14, 2019
New York, NY According to media sources, Amazon has decided to not move forward with its plans to build a headquarters in Long Island City.
Full Amazon Statement:
"After much thought and deliberation, we've decided not to move forward with our plans to…"