New York City

Rockport Mortgage and LIHC Investment Group facilitate $140m financing

West New York, NJ Rockport Mortgage Corp. and LIHC Investment Group closed a $140 million FHA Section 223(f) refinancing loan for Parkview Towers, a 688-unit property. The development consists of

Can a Section 1031 exchange be performed with the acquisition of an underwater property? - by Sandy Klein

When a taxpayer is faced with a pending foreclosure or a deed-in-lieu sale on investment or trade or business property, the taxpayer may be faced with a potential taxable gain when the property is “underwater.” A property is

A lawyer discusses settling mechanic’s liens, and problems that may arise - by C. Jaye Berger

Many business people are in a panic these days about money and getting paid. The economic supply line is temporarily broken due to the pandemic and everything is getting backed up in the system. If a building owner is

New York City retailers and restaurateurs face unprecedented challenges in today’s market - by Joseph Aquino

New York City retailers and restaurateurs may, for the first time, see the availability of percentage-of-sales deals on a large scale. In a lease of that sort, the tenant does not pay a base rent, but a percentage of their sales income

Hook & Reel Restaurant takes 5,656 s/f at Concourse Plaza

Bronx, NY Cajun seafood restaurant Hook & Reel has signed a 15-year lease for 5,656 s/f at Concourse Plaza, according to The Feil Organization, the shopping center’s owner and manager. Randall Briskin and Nicholas Dries,

BFC Partners welcomes Verizon to Empire Outlets on Staten Island

Staten Island, NY According to BFC Partners, Verizon Wireless opened a new location inside Empire Outlets, the 350,000 s/f retail complex in the St. George neighborhood. The store opened in late October,

Thor Equities Grp. leases 6,800 s/f to Arc’teryx

Manhattan, NY Thor Equities Group has completed a new lease with Arc’teryx, a leading Canadian outdoor fashion retailer, at 139 Fifth Ave., a six-story landmark mixed-use commercial office and retail building for its latest

Greenpoint Landing celebrates Riverside Market

Brooklyn, NY Greenpoint Landing, a 22-acre development site that stretches for half a mile along the borough’s waterfront, celebrated the opening of Riverside Market, a 24-hour market, at 7 Bell Slip. The market is a

Rosewood Realty Group closes $5.35 million Bronx multifamily sale

Bronx, NY Rosewood Realty Group completed the $5.35 million sale of a four-story walk-up building in the Pelham Bay neighborhood. The 27,000 s/f building, 1921 Hobart Ave.,

Target opens three new small-format stores

New York, NY Target celebrated the opening of three new small-format stores in Manhattan and Staten Island. The official grand opening was Sunday, October 25th. Target will employ over 350 team members across the three stores: