New York City

Commercial vacancies inspire artistic and entrepreneurial collaborations and event facilities - by Aleksandra Scepanovic

Do you know any one grown-up who hasn’t shopped for and bought at least one item on the Internet in 2019? The likelihood that you do is incredibly slim. E-commerce is growing rapidly with companies like Amazon, eBay and Etsy leading the way. According to the U.S. Department of Commerce...

West Harlem’s real estate to reap rewards of Columbia University’s expansion and Taystee Building - by Orry Michael and Dusan Racic

Northern Manhattan has been a hotbed for commercial real estate investment in recent years, due largely to its relative affordability and the upside potential offered by many of its neighborhoods, such as West Harlem. With construction currently underway at the famed Taystee Building...

The self storage sector’s continuous growth spurt: Presenting challenges in acquisition and development - by Nick Malagisi

Nick Malagisi, SIOR, is the national director of self storage at SVN | Commercial Real Estate Advisors, Buffalo, N.Y. ...

Little Italy: It’s time for New Yorkers to re-visit this fascinating neighborhood - by Joe Aquino

When was the last time you heard a New Yorker say, “Last night we went to this fabulous Italian restaurant in Little Italy?” Right, I don’t remember either. Over the past decades, Little Italy has gotten a reputation it doesn’t deserve: That of a tourist trap that real New Yorkers learned...

Valuable strategies for taxpayers with substantial income and/or capital gains - by Michael Packman

For years, the ownership and use of real estate in the United States has had tax advantages if you know what you are doing, and today is no different. I would like to share a couple of strategies that can be valuable to those taxpayers with substantial income and/or capital gains.

Moss and McGratty of Silverstein Props. lease 103,000 s/f at 3 WTC; Assisted by CBRE team; Transwestern reps tenant

Manhattan, NY According to Silverstein Properties, Kelley Drye & Warren LLP has signed a 15-year, 103,000 s/f office lease at 3 World Trade Center. Currently located at 101 Park Ave., the firm will move to the 66th, 67th and 68th floors...

The price of air in New York City is far from free – Selling at prices that baffle the mind - by Josh Lipton and Andrew Levine

The air we breathe may be free but the air rights in NYC aren’t and they are often sold at numbers that baffle the mind. With limited habitable land remaining in NYC, developers must go vertical to maximize what can be built. With every soaring skyscraper comes a unique and remarkable view for the residents living there. But what you...

Parker, Gillen, and Tambor of Hodges Ward Elliott represent Related Companies in $36 million sale

Bronx, NY Hodges Ward Elliott arranged the $36 million sale of the 252-unit River Court and Gerard Court apartment complex located at 1065-1075 Gerard Ave. A Hodges Ward Elliot team comprised of Daniel Parker, Paul Gillen, and Ariel Tambor

M&T Bank Q&A: Today’s commercial real estate trends dominate Manhattan’s West Side

Commercial real estate is undergoing a shift. New properties are using smart technology like never before, and existing properties need to evolve to be more efficient for both owners and tenants. In New York City, the experts at M&T Bank...

Kontis and Amato of TEKRA broker $13.6 million development site sale; Represent seller and procure buyer

Queens, NY TEK Realty Advisors LLC (TEKRA) has completed the sale of a development site located at 44-15 College Point Blvd. in Flushing. The property sold for $13.6 million or $478 per buildable s/f, above market average. Situated on the northeast corner of College Point Blvd. and Pople Ave.,