New York City

BRG completes three Brooklyn sales totaling $5.61 million; Includes $2.75 million by Bestreich, Sproviero, Lobel and Waring

Brooklyn, NY Bestreich Realty Group (BRG) has arranged three sales totaling $5.61 million. The deals include the following: The $1.76 million sale of 29 Devoe St.in the Williamsburg section. The 5,000 buildable s/f development lot site measures 25 x 100 ft. and is zoned R6B with

Sabet and Sarraf of Venture Capital broker $11.95 million

Manhattan, NY Ryan Sabet and Yoel Sarraf of Venture Capital Properties represented the buyer, in the $11.95 million sale of 223 East 89th St. 

Banks retires from REBNY; Whelan is new president

New York, NY According to the Real Estate Board of New York (REBNY), its president, John Banks, will retire after five years of service to REBNY and 33 years in the private and public sectors. The REBNY board of governors confirmed Jim Whelan as new president...

Sunset Park: Demand to increase for assets as new rent regulation laws pivot investors’ focus - by Stephen Vorvolakos and Kristen Ostach

Real estate investors have become increasingly optimistic about Sunset Park’s industrial and warehouse assets, motivated by the neighborhood’s proximity to major thoroughfares and relative affordability. With New York’s new rent regulation laws expected to dampen demand for multifamily...

Tourism industry growth in NYC: Will continue to transform and cater to increased global demand - by Michael Zysman

According to the Brookings Institute, over the next 10 years the middle-class population around the world is going to increase from 3.8 billion to 5.6 billion. That is roughly 160 million additional people a year entering the middle class around the world. Many of these newly minted members

Burk of Meridian Investment Sales brokers $5.1 million
sale of five-story, 20-unit Brooklyn multifamily

Brooklyn, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold a multifamily property ifor $5.1 million. Director, Scott Burk, arranged the transaction and represented the buyer.

Schneider and Inserra of NAI Long Island lease 944 s/f to Wellqor LLC

Melville, NY Paul Schneider, senior director, and Carmine Inserra, principal, of NAI Long Island, represented the tenant in the lease of office space located at 135 Pinelawn Rd. The tenant, Wellqor LLC, leased the space from landlord, Greenway Office Park...

Schuckman Realty acquires EMH Commercial in Brooklyn

Lake Success, NY As of May 10th, EMH Commercial Realty has been assumed by and is operating under the name of Schuckman Realty Inc. Schuckman Realty has acquired EMH’s Brooklyn location, adding to Schuckman’s existing offices in Lake Success and Ridgefield Park, NJ.

Feldman of HFZ Capital Group addresses members at
YM/WREA membership luncheon at the University Club

New York, NY YM/WREA was honored to host Ziel Feldman, Chairman & Founder, HFZ Capital Group at their June 11th membership luncheon held at the University Club. Feldman spoke to a packed room of members and guests about HFZ’s development philosophy and current projects...

REBNY celebrates honorees at 16th Annual Leadership Breakfast; Trimboli of CBRE receives Riguardi award

New York, NY Among the 10 awards presented to commercial property management professionals at the Real Estate Board of New York's (REBNY) 16th Annual Commercial Management Leadership Breakfast, Louis Trimboli was honored with The Edward A. Riguardi Commercial Management Executive of the Year Award.