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REBNY report: January multi-family foundation filings remain far below levels required to address housing crisis

New York, NY The Real Estate Board of New York (REBNY) released its January 2024 Multi-Family Foundation Plan Application Report. This report reviews applications for residential building foundations submitted by developers to the NYC Department

IREON Insights: A convergence of calamities — Same old story — Now is the time for planning with real estate - by Neil Axler and Craig Stephanson, part 1 of 3

As we enter the 2024 new year, there are several financial, legislative, economic, and political undercurrents that are lining up for a perfect storm of opportunity for families with real estate wealth and their estate advisors. All of these happenings are occurring as

Burdett of Flaum arranges Meldrim’s Paint Center lease of 6,000 s/f at Levin-managed River Plaza

Johnson City, NY Meldrim’s Paint Center is coming to River Plaza shopping center, in an expansion move for the century-old regional retailer. Located at 786 Main St., off the Southern Tier Expwy., the 47,000 s/f center is managed by Levin Management

Brand Urban secures three new locations for Van Leeuwen Ice Cream in Manhattan and Long Island

Manhattan, NY Brand Urban and Dochter & Alexander Retail Advisors, located three new spaces for Van Leeuwen Ice Cream. The leases include a 455 s/f scoop shop at Grand Central Terminal in Midtown, a 1,105 s/f storefront at 2578 Bdwy. on the Upper West

Contractors, Closers & Connections joins forces with Jafri Journal

Manhattan, NY The Jafri Journal is joining forces with Contractors, Closers & Connections (CCC) in a mutual value-adding strategic partnership. The partnership was formulated by Jafri Journal’s head of marketing

Cushman & Wakefield arranges two leases totaling 68,508 s/f at 1180 Avenue of the Americas

Manhattan, NY Cushman & Wakefield has arranged two new long-term leases for SelfHelp Community Services, a nonprofit serving 20,000 olde...

Dunne, MacKenzie, Apfel, Langer and Blumenkrantz of CBRE arrange sale of 501-unit 15 Bank Apartments

White Plains, NY Representatives of CBRE, led by Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer, and Daniel Blumenkrantz, have completed the sale of 15 Bank Apartments, a 501-unit multifamily community. This follows on the heels of CBRE’s most recent transaction

JLL Capital Markets arranges transaction for $33 million refinancing for 111 West 19th St.

Manhattan, NY JLL Capital Markets has arranged a $33 million refinancing for 111 West 19th St., an eight-story, 189,731s/f office and retail building located in the Chelsea neighborhood. A JLL debt advisory team led by senior managing director Aaron Niedermayer represented the borrower,

Marcus & Millichap facilitates $8.4 million sale of multifamily property

Brooklyn, NY Marcus & Millichap has completed the sale of a three-story multifamily propert. The asset sold for $8.375 million. “The property was sold at a 4.31% cap rate and a 19.1x rent roll. Significant interest persists in 100% free-market properties

Houlihan Lawrence expands into Hudson Valley with grand opening of new office in Hudson

Hudson, NY Houlihan Lawrence is expanding its presence in the Hudson Valley with the grand opening of its new brokerage. Located at 237 Warren St., it is the company’s first brokerage in Columbia County. Houlihan Lawrence has offices