New York City

Retroactive tax benefits for real estate owners! Part 2

2012 TRA - For tax years beginning in 2012, the 2012 TRA increases the maximum deduction from $139,000 to $500,000. For the 2013 tax year, t...

GCP Capital Group handles nine deals totaling $157 million; includes $42 million by Katz and Sessa of GCP

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $157 million for the following properties: $29.05 million f...

Doolittle of Murray Hill Properties and Beyda of Benchmark broker 11,935 s/f lease

According to Murray Hill Properties (MHP), the firm has completed a 11,935 s/f lease at 1441 Broadway. Rick Doolittle of MHP represented the...

HFF closes $84.5 million sale of 450,000 s/f and secures $18.5m acquisition financing

HFF has closed the sale of The Center Building, a 450,000 s/f, multi-tenant office building in Long Island City. HFF marketed the property ...

O'Donnell joins CPEX

CPEX has hired of David O'Donnell as an associate on the New York retail investment sales team. O'Donnell previously worked as a salesperson...

York of Arbor Commercial Funding funds 9 loans totaling $73.276 million

Stephen York, vice president, Arbor Commercial Funding, LLC has completed recent funding of 9 loans totaling $73.276 million. These loans in...

The current office market recovery continues forward

Fourth quarter 2012 office data released by Reis, Inc. reveals the ongoing sluggishness of the property type's recovery. The vacancy rate fe...

Fulfill your dreams in real estate: Here is how

Everyone speaks of the big money involved in New York real estate transactions and the huge commissions awarded to real estate sales profess...

Bronfman of Jamestown Properties speaks at Real Estate Lenders Association event

Accordign to the Real Estate Lenders Association (RELA), Matt Bronfman, CEO of Jamestown Properties, addressed the association's monthly bre...

Question of the Month: How will new minority & women owned business enterprises legislation impact city-funded projects?

In 2005, New York City enacted Local Law Section 129, which was designed to promote the increased utilization of the city's minority and wom...