New York City

JLL completes two Brooklyn sales totaling $11.6 million

Brooklyn, NY JLL has arranged two sales totaling $11.6 million. In the first deal, JLL’s Brendan Maddigan and Stephen Palmese, vice chairmen; Winfield Clifford, Ethan Stanton, Michael Mazzara, managing directors; and Patrick Madigan, vice president, represented the seller in the

Lee & Associates NYC partners with SpeakUlyant; for entrepreneur of the year competition

New York, NY Lee & Associates NYC has welcomed nine Russian-speaking entrepreneurs to its Midtown East office to pitch their business ideas to a panel of judges. The entrepreneurs are members of...

Kazmierski named president of Kaufman Investments

New York, NY The Kaufman Org. has appointed Michael Kazmierski as president of Kaufman Investments. Kazmierski, who was previously principal and director of acquisitions, will now lead all real estate investment strategies and...

Klapper, Gelbtuch, Berger and Guiffre of CBRE handle $6.2 million sale

Inwood, NY CBRE has completed the $6.2 million sale of an industrial property located at 500 Bayview Ave. The 40,000 s/f building was purchased by Northbridge Partners. The CBRE investment properties team of Elli Klapper, Jay Gelbtuch and Charles Berger, along with Ralph Guiffre of brokerage services, represented the seller, Signal Transformer.

Avant-Garde Network to present Diversity in Commercial Real Estate (CRE) Conference at Columbia University

New York, NY Avant-Garde Network is hosting its first-ever Diversity in Commercial Real Estate (CRE) Conference at Columbia University, Alfred Lerner Hall, 2920 Broadway from 8 a.m. to 5 p.m. on July 26 and July 27. Hear from and network with 600 + participants and over 50 speakers...

Hollander and King promoted to serve as vice chairmen at CBRE; Both recognized as top producers at firm

New York, NY According to CBRE, David Hollander, a 25-year veteran of the firm, and Neil King, with 12 years at the company, have been promoted to vice chairmen. Both have been consistently recognized as top producers within CBRE.

Rosewood Realty Group brokers four sales totaling $107.69 million; Includes a $77 million sale of a 400-unit Bronx apartment building by Jungreis

New York, NY Rosewood Realy Group has arranged four sales totaling $107.69 million in the NY metro area. In the first deal, Camber Property Group and Belveron Partners purchased a 400-unit apartment building in the Highbridge section of the Bronx for $77 million, with plans to bring all the units back to affordable housing.

Stewart, Biedron and Bell of Marcus & Millichap complete $9.5 million sale of five-story office building

Manhattan, NY Marcus & Millichap has completed the sale of a five-story office building located at 32 East 39th St., according to John Krueger, vice president and regional manager of the firm’s Manhattan office. John Stewart, Nicholas Biedron, and Stephen Bell...

Someck and Myers of Lee NYC sublease 20,800 s/f

Manhattan, NY Lee & Associates NYC (Lee NYC) has brokered two leases totaling 20,800 s/f. In the first lease, Dennis Someck, executive managing director/principal, and Justin Myers, senior managing director/principal, of Lee & Associates NYC represented the tenant, Ceros, in a seven-year...

The Housing Stability and Tenant Act of 2019 - by Andrew Dansker

The Housing Stability and Tenant Protection Act of 2019 which was passed by the NYS legislature on June 11th caused a seismic shift in the NY housing market. While the intention of the sponsors, ostensibly the alleviation of the ills of NY’s chronically under-supplied housing market, and the efficacy of their chosen...