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Ariel Property Advisors arranges $19.1 million sale of mixed-use property

Bronx, NY Ariel Property Advisors (Ariel) has brokered the $19.1 million sale of an affordable multi-family and commercial property at 950 Westchester Ave. in the Longwood neighborhood.

Gopan of Simone Development Companies leases 110,300 s/f warehouse to ReadySpaces

Mount Vernon, NY Simone Development Companies has made public that ReadySpaces, a warehouse storage provider for small businesses, has signed a long-term lease for the entire 110,300 s/f building at 250 East Sandford Blvd.

JLL Capital Markets arranges $72.5 million construction loan for multi-housing

Brooklyn, NY JLL Capital Markets has arranged $72.5 million in construction financing for 544 Carroll St., a 17-story ground-up class A multi-housing development in the Gowanus neighborhood.

Williams Equities completes 66,000 s/f relocation/expansion at 28 & 40 West 23rd St.

Manhattan, NY Williams Equities has completed a long-term, 66,000 s/f relocation and expansion with Ramp, the finance automation platform, at the ownership group’s 28 & 40 West 23rd St. property in Midtown South.

The domino effect of rent stabilization in New York - by Sam Eshaghoff

Even though the slumps in retail and office values have been well-documented this decade, the most significant downfall in New York real estate is in rent stabilized multifamily. Maybe that’s because rent stabilized apartment owners have been reluctant to admit defeat,

Cosentino and Cohen of TerraCRG handle $22.4 million
sale to Carlyle Group and Z+G Property Group

Brooklyn, NY TerraCRG negotiated the sale of the 46 unit multifamily building at 180 Bainbridge St. located in the Bedford Stuyvesant neighborhood. Carlyle Group and Z+G Property Group purchased the property for $22.4375 million. Matt Cosentino and Ofer Cohen

Tarter Krinsky & Drogin expands real estate capabilities with partner Goodman

Manhattan, NY Tarter Krinsky & Drogin expanded its real estate and commercial leasing capabilities with the addition of partner Edward Goodman in its real estate practice. Goodman has skill and experience in the negotiation of commercial office leases.

Professional Profile: Jim Sheuchenko, president of Property Management Advisors, LLC

Name: Jim Sheuchenko Title: President  Company: Property Management Advisors, LLC Address:  265 Executive Drive, Suite 25...

Moritt Hock & Hamroff expands real estate practice in New York

Garden City, NY Moritt Hock & Hamroff has added five attorneys to its New York City office, expanding its real estate practice. Matthew Leeds, William McCracken and David Fitzhenry join as partners, while Matthew Healey joins as counsel and Brett Stack

Cullen promoted, Bonomo joins M&T Realty Capital

Manhattan, NY M&T Realty Capital Corp., (M&T RCC), has appointed Sean Cullen as affordable housing platform manager and David Bonomo as managing director, multifamily originations in the New Jersey, and New York City offices.