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Wynmor Management acquires 173-unit apartment complex for $6.6 million; Arbor Realty Trust provides acquisition loan

Tulsa, OK New York-based private equity investment firm Wynmor Management completed the purchase of London Square Apartments for $6.6 million.

Business Council of Westchester’s Economic Recovery Task Force holds town hall meeting 

Rye Brook, NY Over 150 business leaders from across Westchester attended a Business Council of Westchester (BCW) virtual town hall meeting to share their concerns and needs as the state and Westchester move to restart the economy after the coronavirus pandemic.

Able Safety offers tips for how to spend time in quarantine usefully

Massapequa Park, NY Quarantine has changed our life. It does not allow us to leave our homes, to meet our friends, to visit cinemas, museums, to continue the process of teaching and learning. However, despite all the difficulties and troubles, we must learn to find

COVID-19 and commercial rent collections: A look at the data from April - by Chuck McDowell

When it comes to rent payments, how is the commercial sector faring in comparison to the residential sector? My colleagues and I have been busy gathering this data, and the differences are striking. According to the NMHC Rent Payment Tracker, which includes statistics from MRI,

Workplace reimagined: COVID-19 to reshape the modern office experience

New York, NY The American workplace has experienced more rapid, dramatic shifts in the past few weeks than it ever has before. But the real impact of Covid-19 on how millions of people work – and how they plug into a

Cohen and Bernstein of Besen Partners sell mixed-use property for $7.1 million

Manhattan, NY Besen Partners has completed the sale of 147 Duane St. in TriBeCa for $7.1 million. Ron Cohen and Jay Bernstein exclusively represented the seller, and Anna Ji of Kian Realty procured the purchaser. At $7.1 million, the selling price equates to

GAIA Property Group brokers 20-unit building for $15.75 million

Brooklyn, NY GAIA Property Group LLC handled the sale of 171 North 10th St. The property had been listed for $16.75 million, and reduced to $16.45 million because of 421A expiration and high projections of taxes. When Coronavirus worries moved into

Marcus & Millichap’s Levin Johnston Team close San Francisco Bay area multifamily sale for $26.8 million

Concord, CA Marcus & Millichap sold The Lakes, a three-story, 102-unit garden-style multifamily asset. The property sold for $26.8 million. Adam Levin and Robert Johnston represented the seller

IREM Foundation launches COVID-19 Relief Fund on #GivingTuesdayNow

Chicago, IL Like many people around the world, property managers have felt the economic impact of the global pandemic. To support real estate managers and their communities

SWBR promotes Gonnella, Krupic, Picard and Wade to shareholders

Rochester, NY According to SWBR, Candace Gonnella, Elvedin Krupic, Michael Picard and Jessica Wade have been named new associates and shareholders of the firm.