Getting into ready position - by Shallini Mehra

The ever-changing rent regulations continue to pose challenges for New York City landlords.  The combination of these laws with the higher interest rate environment has reduced values in some cases by 20 to 40%, with some assets now worth sub-debt levels. Many of the shorter-term loans coming due will

Leviticus Fund honors McKeown of CPC with Cornerstone Award

Tarrytown, NY In the building trades, the cornerstone guides the workers in their course; it is the standard of measure and alignment. The Leviticus Fund presented its 2023 Cornerstone Award to Sadie McKeown, president of The Community Preservation Corp. (CPC),

Feil Organization leases 7,896 s/f to First Look Media

Manhattan, NY The Feil Organization signed a five-year, 7,896 s/f lease with First Look Media across the entire 10^th floor at 853 Bdwy. First Look Media’s new 10^th-floor space is a new pre-built

Empire Commercial completes 1,800 s/f 95 Nutrition location

Rochester, NY Empire Commercial Construction, a retail-focused division of Taylor-The Builders, completed the construction contract for 95 Nutrition located at 1250 University Ave. In partnership with architect Jay F. Meyers, Empire renovated the 1,800 s/f, previously occupied

Ariel Property Advisors hires Schwartz, Schlegel, Yuhjtman and Brody; expands investment sales and capital advisory teams

Manhattan, NY Ariel Property Advisors (Ariel) made several new hires, expanding the commercial real estate services and advisory firm’s investment sales and capital advisory teams.

SWBR hires Guyon as senior civil engineer

Rochester, NY Michael Guyon, PE has joined SWBR as senior civil engineer. The addition of Guyon expands the firm’s in-house design services to include civil engineering.

Bayport Funding provides $4.95 million acquisition loan

Brooklyn, NY Bayport Funding has provided a $4.95 million acquisition loan for a Williamsburg site containing two existing mixed-use buildings that will each be converted into four-story residential rental buildings with ground-floor retail space.

Evin, Nelson and Peele promoted to Skanska USA Building’s sr. executive teams; Farland steps down

Manhattan, NY Skanska, a leading global construction and development firm, has made leadership shifts within its USA Building senior executive team. Kerim Evin, Anita Nelson and Greg Peele will apply their extensive industry expertise to new regional executive officer (REO) leadership

Sparks and Goldberger of GFI Realty Services sell $3.2 5million 23-unit multifamily property

Brooklyn, NY GFI Realty Services, LLC brokered the $3.25 million sale of 1113 Avenue O, a multifamily building comprised of 23 units located in the Midwood section of the city. GFI Realty senior managing director Matthew Sparks, represented the seller Santa Rosa Realty, and Moshe Goldberger

Cushman & Wakefield leases 5,700 s/f at 360 Madison Ave.

Manhattan, NY Cushman & Wakefield arranged a long-term, 5,700 s/f lease for Mori Hamada & Matsumoto at Stawski Partners’ 360 Madison Ave. The full-service international law firm will occupy the 24^th floor.