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Commercial vs. residential real estate in the pandemic by Kris Lindahl

COVID-19 has affected every industry on earth, and real estate is certainly no exception. But what I’ve found most interesting is the gap between its effects on the commercial vs. residential markets. On the residential side, many markets have remained remarkably strong and resilient.

Shorenstein of Hildreth RE Advisors and industry executives meet weekly to maintain their real estate “game” on Sag Harbor tennis courts

Sag Harbor, NY This summer a group of New York real estate executives meet at Mashashimuet Park early every Wednesday morning–and challenge each other on the tennis courts. Not only does the group practice

Jha of Synzen Ventures joins Principals Direct Group as strategic partner

New York, NY According to Steve Kirschner, Vikash Jha, president of Synzen Ventures has joined Principals Direct Group as a strategic partner. Jha is a strategic business advisor with over 20 years of international management consulting experience.Jha advises founder/entrepreneurs, C-suite and

The impact of COVID-19 on cities - by Hugh Kelly

Of all the organs in our body, the eye is perhaps the most extraordinary. We consider it our window on the world, but it is so much more than a mere transparent pane of glass. The eye has tremendous powers of accommodation to changes in the world,

BridgeCore Capital funds $16.5 million loan

Manhattan, NY BridgeCore Capital funded a $16.5 million non-recourse bridge loan for its client to buy two contiguous buildings containing 72 residential units and ground floor retail in Greenwich Village.

Cushman & Wakefield brokers three sales – $13.7 million total

Bronx, NY Cushman & Wakefield (C&W) arranged the following: The sale of 5278 Post Rd., also known as 6301 Broadway, a 121,188 s/f development site in the Riverdale neighborhood. The final sale price was $7.9 million equating to $114 per above grade residential buildable s/f.

Helmsley Spear arranges sublease for Keller WIlliams – 20,000 s/f

Manhattan, NY Helmsley Spear, LLC, completed a 20,000 s/f sublease to Keller Williams for the 10th floor of 99 Park Ave. Gould Paper Corp., the current tenant, will continue to occupy 8,718 s/f of the space.

Employer liability during Phase Four of reopening in New York City - by Mark Silverstein and Lynn Judell

New York City has just reached an important milestone. As of July 20th, the city has entered Phase Four of reopening, in which retail businesses, hair salons and personal service businesses, low-risk outdoor venues (zoos and gardens), media production companies

Rock and Marks of Marcus & Millichap Capital Corp. arrange $15 million refinancing

Manhattan, NY Marcus & Millichap Capital Corp. (MMCC) has completed the financing of 521-523 W 48th St., according to regional manager/vice president John Krueger. MMCC organized $15 million in refinancing.

Rodriguez of Rodriguez Commercial represents Klosed in $1.45 million Brooklyn acquisition

Brooklyn, NY Klosed Properties acquired 91 East 21st St. in the Prospect Park South neighborhood for $1.45 million. The subject property is a 16-unit, rent-stabilized building containing 19,500 s/f. Erik Rodriguez of Rodriguez Commercial