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REBNY welcomes new members of its board and committees
February 5, 2019
New York, NY According to The Real Estate Board of New York, (REBNY) select members have joined its governing bodies.
Message from the CEO of Bronx-Manhattan North Association of Realtors: “Split” happens - by Elie...
February 5, 2019
What are you doing on March 5, 2019? You want to “roll” with The Bronx Manhattan North Association of Realtor (BMNAR) for two and one half hours? If so, our next event is right up your “alley.”
Cruz, O’Hearn, Scandalios, Simonelli and Oliver of HFF broker $16 million sale of two office build...
February 2, 2019
Hauppauge, NY Holliday Fenoglio Fowler, L.P. (HFF) has completed the $16 million sale of 330 and 350 Motor Pwy., two four-story office buildings with a combined 131,223 s/f. The HFF team marketed the property on behalf of the seller, KABR Group and Capstone Realty Group, and procured the buyer, Long Island-based Valley East Management.
Executive of the Month: Boddewyn leads BGA, assuring all clients receive the best results through in...
February 5, 2019
New York, NY The New York Real Estate Journal recently sat down with Michele Boddewyn, AIA, president of Boddewyn Gaynor Architects for a question and answer session.
Delisle and Monahan of Island Associates arrange $900,000 sale of 10,000 s/f building in Lynbrook
February 4, 2019
Lynbrook NY Roger Delisle and Robert Monahan of Island Associates Real Estate Inc. have negotiated and closed the sale of 230-234 Hempstead Ave. The property sold for $900,000. The site consists of a 10,000 s/f building occupied by 5 Corner Fitness. The seller was LP Gold Realty Corp.
Levine of Greystone originates $78.533 million in financing for skilled nursing facility complex
February 5, 2019
Woodbury, NY Greystone, a leading commercial real estate lending, investment, and advisory company, has provided $78.533 million in HUD-insured financing on a skilled nursing facility (SNF) complex. The transaction was originated by Fred Levine, managing director in Greystone’s Monsey office.
Isak of Goldenwood is sole broker for $3.58 million transaction
February 5, 2019
Queens, NY Rubin Isak, founding partner of Goldenwood Property Advisors, has exclusively sold 5130-5134 Roosevelt Ave. in the Sunnyside neighborhood in an all cash transaction valued at $3.58 million.
Aquino of JAACRES and San Andreas of Mason Alexander Grp. lease 1,200 s/f to Charleston Shoe Co.
February 5, 2019
Manhattan, NY The International Secret Brokers Society sales and leasing team of Joseph Aquino, president of JAACRES, and Lynn San Andres, president of The Mason Alexander Group has leased Charleston Shoe Co. their 1,200 s/f store at 1393 Avenue of the Americas at West 57th St.
Yankelovich and Orlander of GFI collaborate in $15.5 million sale
February 5, 2019
Brooklyn, NY GFI Realty Services, LLC completed the $15.5-million sale of 2261 Ocean Avenue, a six-story, 54-unit apartment building in the Madison neighborhood.
Polsinellis of Compass sell package of Nolita retail condos for $7.35 million
February 5, 2019
Manhattan, NY Adelaide Polsinelli, vice chair of Compass, has closed on the off-market, re-sale of three retail condos consisting of 2,500 s/f at 262-272 Mott St., in the Nolita neighborhood for $7.35 million, just under $3,000 per s/f.
The Wizard of OZ (that’s “Opportunity Zones”): Down in the Boondocks - by Dan Flanigan
February 5, 2019
My law firm has 21 offices located across this land of OZ. We are working intensely on many projects throughout the country and are seeing many projects moving forward…
What to do about closing costs in a 1031 exchange? - by Pamela Michaels
February 5, 2019
A question that arises in many 1031 exchanges is what costs can be paid from sale proceeds without resulting in taxable boot or potentially disqualifying the exchange?
RealEats to expand Geneva facility; $2 million project to create 400 jobs
February 5, 2019
Geneva, NY Governor Andrew Cuomo celebrated the expansion of the meal delivery company RealEats at 122 N. Genesee St. in Ontario County. As a result of support from the state, RealEats plans to immediately expand operations at their Geneva facility and create up to 400 new jobs over the next five years.
Goldenwood Property Advisors Group retained to sell 3966 10th Ave. in Manhattan's Inwood neighborhoo...
February 1, 2019
Manhattan, NY Goldenwood Property Advisors Group has been retained on an exclusive basis to arrange for the sale of 3966 10th Ave. in the Inwood neighborhood. The site is located on the corner of West 212th St. and 10th Ave.
Coaching: My most powerful New Year’s resolution: More conversations - by Rod Santomassimo
February 5, 2019
Admittedly I have quite a few New Year’s resolutions, and if this first month is any indication, it will be a struggle to achieve them all, but I am off to a good start.
Mirante, Cottingham, and Pynn of Avison Young broker $3.2 million sale for Alexandrion Group
February 5, 2019
Carmel, NY According to Avison Young (AY), the firm has arranged the $3.2 million sale of a 12.75-acre development site located at 39 Seminary Hill Rd. in Putnam County.
Zach formerly of EPIC sells UES development site for $23 million
February 5, 2019
Manhattan, NY Shay Zach, formerly of EPIC Commercial Realty, (and now with Gaia Property Group), has sold a residential development site in the Upper East Side for $23 million. The site, located at 331-337 East 82nd St., is comprised of four vacant residential buildings.
SWBR celebrates 50th anniversary
February 5, 2019
Rochester, NY SWBR, a multidisciplinary, award-winning design firm, is celebrating 50 years in business and a long tradition of design excellence.