New York City

Gottlieb, Laginestra, Wellen and Meyerson of CBRE rep Macy's in 150,000 s/f lease at The Factory in LIC

According to Atlas Capital Group and Square Mile Capital Management, Macy's has signed a 15-year lease for 150,000 s/f to occupy the entire ...

Amirkhanian and Maddigan of Cushman & Wakefield arrange $32.8 million sale of Broad and Boerum Building

The Broad and Boerum Building at 525 Broadway, located on the northeast corner of Boerum St. and Broadway in Brooklyn's Williamsburg neighbo...

Northern Manhattan investment sales market sees strong first half of 2015 (1H15)

Buoyed by rising market rents, record breaking condominium prices and a continued imbalance between available supply and surging demand, Nor...

Finishing up a renovation project: Supplying a completion date in the contract

Clients often come to me when they have a renovation project that seems to be going on forever and should have ended months ago. They are de...

Ordinary capital gain treatment from the sale of real property

A partnership of which a married couple were directly or indirectly majority partners, wasn't entitled to capital gain treatment on gain fro...

GCP Capital Group negotiates $143.5 million in financing for nine properties; Includes $74 million arranged by Perlmutter

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $143.5 million for the following nine properties: * $74 mil...

Dayan and Ben-Dayan of EVO Real Estate broker $4.25 million co-op sale; Located at 246 West 38th Street; Kim of Halstead Property reps seller, IRE NY Inc.

Jonata Dayan and Jonathan Ben-Dayan of EVO Real Estate Group, a member of NAI Global, have negotiated the purchase of an office co-op at 246...

Project of the Month: Blumenfeld Development Group and Prusik Group developing The Crossings, a 40,000 s/f Bronx retail complex

The Blumenfeld Development Group (BDG), a full-service real estate development firm with a portfolio in the New York metropolitan region, be...

Cornerstone Group of NY arranges $6.42 million in financing for three New York properties

The Cornerstone Group of NY has arranged the financing of three properties totaling $6.42 million: • 405 Park Place, Brooklyn, NY - three...

HGI sells 5,046 s/f Harlem retail property for $16.5 million; C&W reps seller and Moshe Group reps buyer

According to Harbor Group International, LLC (HGI), an affiliate of its company has sold a 5,046 s/f retail property located at 246-248 West...