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Forever a Zero-Sum Game? - by Michael Ferruggia

Over the past several years, New York landlords, developers, investors and lenders have been realizing the impact and market disruptions affected by the Housing Stability and Tenant Protection Act of 2019 (HSTPA). This sweeping legislative initiative

TerraCRG sells adjacent mixed-use buildings for $5.37 million

Brooklyn, NY TerraCRG, a leading commercial real estate brokerage firm, has closed on the sale of two individual mixed-use buildings adjacent to each other on Park Slope’s 5th Ave. for a total of $5.37 million. Partner

Hoffman elevated to co-chair of Real Estate Group

East Meadow, NY Jodi Hoffman, partner at Certilman Balin Adler & Hyman, LLP, has been elevated to co-chair of the firm’s Real Estate Practice Group. Managing partner Howard Stein is her co-chair

Meridian’s Doshi and Mehra sell vacant building for $4.65 million

Manhattan, NY Meridian’s Amit Doshi and Shallini Mehra closed on 356 West 48th St., a vacant five-story residential building. The 9,900 s/f property is currently configured with 21 apartments and has been vacant

Property Resources Corportation appoints Matt Linde CEO and Ben Linde COO

Property Resources Corporation (PRC), a leading New York City affordable housing developer founded in 1971, named principals Matt Linde, CEO, and Ben Linde, COO. In these roles, they will oversee the company’s strategic vision and expand its affordable and market-rate development portfolio while managing day-to-day operations

Merriman and Schwartz join Simone Development Companies

Bronx, NY Simone Development Companies has appointed two real estate industry veterans to senior positions in its construction and leasing departments. Roger Merriman is Simone Development

American Elevator Group promote Spinelli and Hoover

Bronx, NY According to Bryan Clairmont, president of American Elevator Group, two promotions have been completed, including that of Gregg Spinelli to the position of president of Bronx-based Eltech Elevator

HGAR appoints Currier as Interim CEO

White Plains, NY The Hudson Gateway Association of REALTORS (HGAR) Executive Committee has appointed Jana Currier as Interim CEO, to serve until the search process is complete and a candidate has been selected for the permanent

Behar elevated to co-chair of the Litigation Practice Group

Hauppauge, NY Jarrett Behar, partner at Certilman Balin Adler & Hyman, LLP, has been elevated to co-chair of the Litigation Practice Group. He will work in both Hauppauge and East Meadow offices. He has vast

REBNY report shows NYC multifamily foundation applications plummeting in the second half of 2022

Amid a growing chorus from most public officials about the need to address New York City’s housing supply crisis, the Real Estate Board of New York (REBNY) released a new report to better understand the state of the multifamily development market and worsening pace of production