The state of commercial real estate debt markets - by Michael Zysman

Today’s banking environment for commercial real estate can be defined as a period of low liquidity and lingering distress. Much of this distress is due to banks having made aggressive loans in the COVID era, coupled with the functional obsolescence of many

Ariel Property Advisors arranges $27 million in loans

Brooklyn, NY The Capital Services Group for Ariel Property Advisors (Ariel) arranged nine separate financing transactions totaling more than $27 million for properties in Brooklyn, Upstate New York, Connecticut, Pennsylvania, Texas and New Mexico. These

City of Yes for Housing Opportunity: Improving the ability to transfer a landmark's development rights - by Michael Smith and Robert Huberman

New York City real estate owners and developers have long asked us about transferring unused development rights from an individual landmark to a site across the street, through a 74-79 Special Permit issued by the City Planning Commission (CPC). While these transfers have

McHugh Furnishings acquires Professional Furnishings & Equipment

Uniondale, NY McHugh Furnishings, a provider of specialty furnishings for education, healthcare, entertainment, and multifamily housing has acquired Professional Furnishings & Equipment (PFE), a Buffalo-based company with additional offices in Syracuse and

What is estoppel? - by Thomas Kearns

While real estate professionals should be familiar with the term “estoppel,” the legal doctrine of estoppel has a surprisingly wide reach. Estoppel is a legal principle that prevents someone from denying a fact that they previously agreed to. In real estate,

Strader of Silverstein Properties leases 11,465 s/f to GACC NY at 120 Wall St.

Manhattan, NY Silverstein Properties signed a relocation agreement with the German American Chamber of Commerce in New York (GACC NY) at 120 Wall St. Established over 75 years ago to promote commerce between Germany and the United States,

Capitol Fire Sprinkler begins new installation and system upgrades at 40,000 s/f 92nd St. Y

Manhattan, NY Capitol Fire Sprinkler has been retained for a second project at the 92^nd St. Y. The fire protection firm is providing system upgrades at the cultural and education center, located at 1395 Lexington Ave.

The dark reality behind New York City's photoluminescent glow-in-the-dark safety laws - by Robert Katz, Brent Katz and Art Forst

In July 2006, five years after the tragic events of September 11, 2001, New York City introduced Local Law 26, a measure symbolizing a collective resolve to prioritize safety in the face of disaster. The law mandated the installation of building code-compliant photoluminescent

IREON new member profile: Josh Lentin

Name: Josh Lentin Title: Partner Company: CitiQuiet Windows Address: 11-11 43rd Road Long Island City, NY What year did you join...

Simone Development signs 24,500 s/f in leases at 1 Zeiss Dr.

Thornwood, NY Simone Development Companies has signed 24,500 s/f of new leases at 1 Zeiss Dr. Immortal Fitness leased 14,994 s/f and the Random Farms Kids’ Theater leased 9,506 s/f. Both are relocations.