Front Section

DOS indicates it will audit licensees and their use of corporate titles - by Anthony Gatto & Liz Celeone

Recently, the Department of State (DOS) indicated it would be auditing licensees and their use of corporate titles. The DOS issued two opinions prohibiting the use of corporate titles by associate brokers and salespersons. There is no exception merely because the licensee practices commercial real estate or is a member of team. These (opinions) prohibit a real estate salesperson from holding voting stock or being

Benefits of NYSCAR Membership - by Ira Zucker

Advocacy at the State CapitolNYSCAR is passionate about the laws that affect all of us, on local, state and national levels. Our affiliations with NYSAR and NAR give us a voice in opposing legislation that would hurt our industry as well as in supporting positive legislation. This political “watch dog” function

New York Real Estate Education Changes/Requirements by Licensing Law - by Edward Smith

Prior to July 1, 2021, if you were a Real Estate Broker for 15 years or more you were exempt from taking Continuing Education courses, known as being “Grandfathered”. As of July 1, 2021, Grandfathering ended and all real estate licensees must take 22

PH Realty Capital & Rockledge purchase 53,815 s/f building for $11.35 million

In partnership with Peter Hungerford of PH Realty Capital, David Kaye and Joe Listhaus of Rockledge purchased 401 and 405 Edgecombe Ave. The purchase includes two contiguous walk-up buildings

Why promotional products work - by Carlton Cooper

Promotional products, also known as advertising specialties, are an effective marketing tool because they generate goodwill, increase brand recognition, and create a lasting impression on customers. Promotional merchandise is any item branded with a logo or message that is gifted to promote a brand, product, service, or message. 

Matheos Realty closes sale on two properties
for $4 million totaling 25,240 s/f

Brooklyn, NY Matheos Realty Group has closed the sale of two multifamily properties in East Flatbush for $4 million. The properties, located at 795 Linden Blvd. and 229 East 52nd St., were sold to a private real estate

JLL’s Hotels & Hospitality Group closes joint venture sale of 525 Lexington Avenue - 35-story, 655-key hotel

Manhattan, NY JLL’s Hotels & Hospitality Group has closed the sale of 525 Lexington Ave., a 35-story, 655-key, full-service hotel. The parties have agreed to not disclose the purchase price.

CBRE completes $40 million sale of Medical
Offices at Chappaqua Crossing - 490,000 s/f

Chappaqua, NY CBRE represented the $40 million sale of the Medical Offices at Chappaqua Crossing, a 490,000 s/f medical office property in Westchester County. The CBRE team of Jeffrey Dunne, David Gavin, Steve Bardsley and Travis Langer represented the seller,

Rosenberg & Estis, P.C names Cohen new head
of the firm’s appellate litigation department

Manhattan, NY Rosenberg & Estis, P.C. (R&E) has named member Ethan Cohen as the new head of the firm’s appellate litigation department. Cohen succeeds Jeffrey Turkel, who is now special counsel. R&E founding member Gary Rosenberg

BRP Companies opens Motif - a 172-unit
210,775 s/f residential development

New Rochelle, NY BRP Companies commences the grand opening of Motif, a 172-unit, seven-story, 210,775 s/f  residential development located at 10 Commerce Dr. Financing for the project was provided by the Urban Investment Group within Goldman Sachs Asset