New York City

Klapper, Gelbtuch, Berger and Guiffre of CBRE handle $6.2 million sale

Inwood, NY CBRE has completed the $6.2 million sale of an industrial property located at 500 Bayview Ave. The 40,000 s/f building was purchased by Northbridge Partners. The CBRE investment properties team of Elli Klapper, Jay Gelbtuch and Charles Berger, along with Ralph Guiffre of brokerage services, represented the seller, Signal Transformer.

Avant-Garde Network to present Diversity in Commercial Real Estate (CRE) Conference at Columbia University

New York, NY Avant-Garde Network is hosting its first-ever Diversity in Commercial Real Estate (CRE) Conference at Columbia University, Alfred Lerner Hall, 2920 Broadway from 8 a.m. to 5 p.m. on July 26 and July 27. Hear from and network with 600 + participants and over 50 speakers...

Hollander and King promoted to serve as vice chairmen at CBRE; Both recognized as top producers at firm

New York, NY According to CBRE, David Hollander, a 25-year veteran of the firm, and Neil King, with 12 years at the company, have been promoted to vice chairmen. Both have been consistently recognized as top producers within CBRE.

Rosewood Realty Group brokers four sales totaling $107.69 million; Includes a $77 million sale of a 400-unit Bronx apartment building by Jungreis

New York, NY Rosewood Realy Group has arranged four sales totaling $107.69 million in the NY metro area. In the first deal, Camber Property Group and Belveron Partners purchased a 400-unit apartment building in the Highbridge section of the Bronx for $77 million, with plans to bring all the units back to affordable housing.

Stewart, Biedron and Bell of Marcus & Millichap complete $9.5 million sale of five-story office building

Manhattan, NY Marcus & Millichap has completed the sale of a five-story office building located at 32 East 39th St., according to John Krueger, vice president and regional manager of the firm’s Manhattan office. John Stewart, Nicholas Biedron, and Stephen Bell...

Someck and Myers of Lee NYC sublease 20,800 s/f

Manhattan, NY Lee & Associates NYC (Lee NYC) has brokered two leases totaling 20,800 s/f. In the first lease, Dennis Someck, executive managing director/principal, and Justin Myers, senior managing director/principal, of Lee & Associates NYC represented the tenant, Ceros, in a seven-year...

The Housing Stability and Tenant Act of 2019 - by Andrew Dansker

The Housing Stability and Tenant Protection Act of 2019 which was passed by the NYS legislature on June 11th caused a seismic shift in the NY housing market. While the intention of the sponsors, ostensibly the alleviation of the ills of NY’s chronically under-supplied housing market, and the efficacy of their chosen...

BRG completes three Brooklyn sales totaling $5.61 million; Includes $2.75 million by Bestreich, Sproviero, Lobel and Waring

Brooklyn, NY Bestreich Realty Group (BRG) has arranged three sales totaling $5.61 million. The deals include the following: The $1.76 million sale of 29 Devoe St.in the Williamsburg section. The 5,000 buildable s/f development lot site measures 25 x 100 ft. and is zoned R6B with

Sabet and Sarraf of Venture Capital broker $11.95 million

Manhattan, NY Ryan Sabet and Yoel Sarraf of Venture Capital Properties represented the buyer, in the $11.95 million sale of 223 East 89th St. 

Banks retires from REBNY; Whelan is new president

New York, NY According to the Real Estate Board of New York (REBNY), its president, John Banks, will retire after five years of service to REBNY and 33 years in the private and public sectors. The REBNY board of governors confirmed Jim Whelan as new president...