GFI Realty Services arranges two sales totaling $9.225 million

New York, NY GFI Realty Services completed the following transactions: The $6.4 million sale of 864 East 149^th St., a walk-up building comprised of 46 units located in the Mott Haven section of the Bronx. GFI director Zachary Fuchs represented the seller, NY Metro Holdings and the buyer, a

Ranieri of Northmarq completes $22 million refinance of Springvale Apartments

Croton-on-Hudson, NY Robert Ranieri, senior vice president/managing director of Northmarq’s White Plains debt/equity office, completed the $22 million refinance of Springvale Apartments. The 31-building/524-unit 55+ senior housing property

Certilman Balin participates in annual Marcum Corporate Workplace Challenge at Jones Beach

Wantagh, NY Certilman Balin took the Marcum Corporate Workplace Challenge on Aug. 2 at Jones Beach. They were joined by many firms and companies on Long Island to support some of the region’s charities which include: The Children’s Medical Fund of NY, Long Island Children’s Museum,

Brix Real Estate Advisors sells 25,000 s/f Bronx building: $4.7m

Bronx, NY Brix Real Estate Advisors, a Westchester-based commercial real estate firm, has brokered the $4.7 million sale of a 30-unit multifamily building located at 2820 Middletown Rd. in the

GAIA Real Estate expands portfolio with $14m acquisition of 106 Norfolk

Manhattan, NY GAIA Real Estate has completed the closing of 106 Norfolk St., an apartment building with ground floor retail on the Lower East Side. The building consists of

Jack Resnick & Sons completes 173,618 s/f lease for Edelman with CBRE

Manhattan, NY Jack Resnick & Sons completed a 173,618 s/f, 15-year lease renewal at 250 Hudson St. with global communications firm Edelman.

Hudson Cos., The Jericho Project and HELP USA close on $214m financing for Brooklyn development

Brooklyn, NY The Hudson Cos., The Jericho Project and HELP USA closed on a $117 million in financing for affordable and supportive housing and $97 million for a new shelter at Logan Fountain, a mixed-use project

Helmsley Spear handles two leases totaling over 7,454 s/f in Manhattan

Manhattan, NY According to Kent Swig, president of Helmsley Spear, LLC, the firm handled the following two lease transactions: Helmsley Spear, LLC, America’s oldest continuously operating real estate firm founded in 1866, is pleased to announce that the firm has represented

Silverstein Properties leases 109,234 s/f to New York City Housing Development Corp.

Manhattan, NY According to Silverstein Properties, the New York City Housing Development Corp. (NYCHDC) signed a long-term lease totaling 109,234 s/f at 120 Broadway, a 40-story, class A office building.

Don’t assume your real estate taxes drop immediately following an income stream change - by Peter Blond

The age of entitlement has seemingly infected the real estate industry as of late with a “this can’t be the case” attitude not seen since the days leading up to the financial collapse of 2008. Just today I spent a