Cosentino, Norris, and Zimin of TerraCRG sell four buildings for $13.5 million

Brooklyn, NY TerraCRG said that partner Matthew Cosentino has closed on four commercial buildings totaling $13.5 million over the last thirty days. Cosentino and his sales team, including senior associate Rémi Norris

Delancey Street Associates signs lease with Queen of Queens at Essex Crossing

Manhattan, NY Delancey Street Associates, a joint venture of Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group, and the Urban Investment Group within Goldman Sachs Asset Management,

Levin Management secures PGA TOUR Superstore at Mayfair Shopping Center

Commack, NY PGA TOUR Superstore – the country’s leading specialty retailer for golf and tennis – is continuing its regional expansion with a new location at Mayfair Shopping Center. Commercial real estate services firm Levin

Understanding the 485-b tax exemption when planning construction or improvements - by Julia Lee

Commercial property owners often need to invest in building improvements to attract and maintain tenants. This cost is exacerbated by the inevitable increase in taxes due to physical change. Fortunately, the State of New York offers

Guaranty law held unconstitutional - by Thomas Kearns and Joseph Weiner

On March 31, 2023, in Melendez v. City of New York, the Southern District of New York declared N.Y.C. Admin. Code § 22-1005 unconstitutional. That COVID-era law – enacted in May 2020 – rendered personal guaranties for certain kinds

Walker & Dunlop arranges $81.7 million financing and equity for development of multifamily properties

Bronx, NY Walker & Dunlop has completed $50.8 million in financing and $30.9 million in LP equity for the development of three affordable, multifamily properties at 2710 Creston Ave., 2250 Aqueduct Ave. and 1751 Monroe Ave.

Ariel Property Advisors sells nine-unit
5,483 s/f multifamily for $4.75 million

Brooklyn, NY Ariel Property Advisors (Ariel) has sold a five-story, 5,483 s/f multifamily building at 170 Clinton St. in Brooklyn Heights for $4.75 million.

GFI Realty Services sells 36-unit multifamily in Richmond Hill for $5.095 million

Queens, NY GFI Realty Services, LLC negotiated the $5.095 million sale of 86-21 112^th St., a multifamily building comprised of 36 units, located in the Richmond Hill section of the borough. GFI Realty director Ohad Babo, and

Podell and Shalom of Cushman & Wakefield lease 9,655 s/f to MINISO at 5 Times Sq.

Manhattan, NY Cushman & Wakefield arranged a 9,655 s/f lease for MINISO at 5 Times Sq. The global lifestyle retailer will occupy space on the ground and second floors.

Gross of Avison Young and Riley of JLL broker X-Golf lease for 8,840 s/f at 870 Central Park Ave.

Scarsdale, NY P. Lawrence Enterprises LLC has signed a sublease at 870 Central Park Ave. The agreement will bring X-Golf, a golf simulator experience, to the 8,840 s/f retail space. X-Golf Scarsdale is owned and operated by