According to Ariel Property Advisors, the company has been nominated for the Real Estate Board of New York's "Most Ingenious Deal Of The Year Award" for its role in the capitalization of the Taystee Building. Ariel is one of only six nominees for the award. TEK Realty Advisors LLC (TEKRA) has facilitated the sale of 34-32 43rd St., a value-add multifamily building in Long Island City. The all-cash transaction was valued at $1.835 million, which equates to or $339.81 per s/f or $305,833 per unit. Manhattan, NY Gregory Gang, executive managing director/principal, Catherine O’Toole, executive managing director/principal, and Ari Waldman, director of Lee & Associates NYC have arranged a six-and-a-half-year, 7,000 s/f sublease on the fourth floor at 15 Maiden Ln. for BerlinRosen.
The public relations and strategic communications firm is already an anchor tenant atManhattan, NY According to the Meatpacking Business Improvement District (BID), it has appointed longtime BID leader Jeffrey LeFrancois as its new executive director.
LeFrancois was unanimously approved to replace Lauren Danziger on the BID’s board of directors…The determination of one of the largest annual costs of New York real estate ownership, the property tax, is often poorly understood by even the most sophisticated real estate professionals. The result is that many property owners inadvertently pass on opportunities to reduce their operating expenses. Manhattan, NY JLL has completed a 15-year lease totaling 123,516 s/f with TransPerfect for Global Holdings Management Group’s NOMAD Tower, 1250 Broadway.
TransPerfect will relocate from 3 Park Ave. to occupy space on five full floors, includingBinghamton, NY The Agency| Broome County IDA/LDC provided a first glimpse of Broome County, NY’s six Opportunity Zones during a presentation on January 22nd, 2019.
An “OZ Primer” was provided by Harris Beach, PLLC and Insero & Co. CPAs, LLP. Over 100 developers, community members and investors attended the event.Brooklyn, NY GFI Realty Services, LLC has completed the following sales:
• The $10.4 million sale of 2031 and 2233 Ocean Ave.
• The $8-million sale of 1865 77th St.Mineola, NY According to Nassau County executive Laura Curran, the Nassau County Industrial Development Agency (IDA) has approved a package ...The banks that give commercial mortgages and the institutions that invest equity into commercial real estate transactions always impose controls over the identity of the individuals who manage the borrower/joint venture. The controls include restrictions on transfers of controlling economic interests and on which individuals can exercise the management rights of the developer in the deal.