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Shkury, Sozio, Tortorici and Hirschfield of Ariel broker $33.25 million sale; Represented the seller and procured buyer, Omni New York

Ariel Property Advisors has sold a portfolio of nine multifamily buildings in the Longwood section for $33.25 million. Brokers Shimon Shkury...

Nordstrom finalizes agreement with Extell to open 285,000 s/f flagship store; Mayor Bloomberg keynotes news conferences

Nordstrom, Inc. has finalized an agreement with Extell Development Co. to build Nordstrom's first full-line store in the city. This new flag...

Meridian arranges six new mortgages totaling $76.5 million

Meridian Capital Group, LLC has negotiated the following six mortgages totaling $76.5 million: * A new $6 million mortgage on a 21-unit, fiv...

The Pen is Mightier than the Sword

The Power of the Press. The Pen is Mightier than the Sword. Where do these phrases come from? What do they mean? Most people tend to believe...

The proper treatment of expense reimbursement

There are two common methods of reimbursing employees for business expenses in connection with their employment: * Accountable Plan: When a...

Balestra of Taconic in-house represents firm and Oaktree in $65 million acquisition of 71 Laight Street; Hausperg of Eastern Consolidated represents seller, Arranz Acinas Group

New York-based real estate firm Taconic Investment Partners and certain funds managed by Oaktree Capital Management, a leading global invest...

Packman and Laginestra of Trinity lease 80,000 s/f at 350 Hudson Street; Tory Burch was represented by Cushman & Wakefield’s Preate and Katcher

Tory Burch, the global fashion and lifestyle brand, has signed a 10-year, 80,000 s/f lease at 350 Hudson St. in Hudson Sq., according to Tri...

Behin of ISCA reps buyer in $9.45 million sale of 70,000 s/f property; Smilovici and Fuller of Greiner-Maltz rep seller

The Investment Sales and Capital Advisory (ISCA), the new division within MNS, a leading residential brokerage firm, has arranged the sale f...

Last, Yashar and Mermelstein of Fried Frank represent Waterman in $140.5 million sale; Assisted by Eastdil Secured

Waterman Interests, LLC, a privately-held commercial real estate investment and operating company, has completed the disposition of 130 Prin...

Friedman, Levy, Goldberg, Kearns and Pollock of Olshan represent seller in $82 million hotel sale; Arent Fox represents buyer, RLJ; McConnell and Kelso of Cushman & Wakefield act as broker of seller

According to Olshan, its client, Madison 92nd Street Associates, LLC, has closed the sale of its 226-room Upper East Side Courtyard by Marri...