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 25^th. Target will employ over 350 team members across the three stores:

Utilizing installment sales instead of 1031: Section 453 is a unique part of the tax code - by Michael Packman

As I write this article, many are bracing for what may be major changes to the tax code that could add millions in additional liabilities for many. Real estate investors have taken advantage of section 1031 for many years to

Hudson Gateway Association of Realtors merges with Bronx-Manhattan North Association of Realtors

Bronx, NY The Hudson Gateway Association of Realtors (HGAR) has merged with the Bronx-Manhattan North Association of Realtors (BMNAR). The merger was approved by both the BMNAR and HGAR board of directors, as well as the National Association of Realtors.

Newmark Knight Frank arranges $483 million loan for Sotheby’s

Manhattan, NY On behalf of Sotheby’s, Newmark Knight Frank has arranged a $483 million floating rate senior loan for the refinancing of 1334 York Ave., located on the Upper East Side neighborhood. The team was led by

Bestreich, Sproviero, Flaherty, Lecky, and Haynes of Bestreich Realty Group handle $2.375 million sale of Brooklyn multifamily

Brooklyn, NY Bestreich Realty Group (BRG) handled the closing of 236 Kingsland Ave. in the Greenpoint neighborhood. The property traded for $2.375 million. This six-unit multifamily is located between Nassau and Driggs Aves. It is 4,875 s/f offering a lot dimension of 25 ft. x 100 ft. and zoned R6B. This property was delivered vacant.