Cresa NY organizes second annual Building Better for Tunnel 2 Towers Foundation; raises $150,000

New York, NY More than 300 members of the commercial real estate and construction industries gathered at 48 Lounge in Midtown Manhattan for the second annual Building Better for the Tunnel 2 Towers Foundation event. Organized by Cresa managing principals James Pirot

Housing has costs, and those costs rise - by Aaron Weber

Over the last 8 years, taxes increased 61% for a 10 unit building (with 3 rent regulated units) in the Chelsea neighborhood of Manhattan that is managed by Weber Realty. Payroll expenses have jumped for supers and administrators as minimum wage in NYC

Schuckman Realty brokers two sales for $11.671 million

Queens, NY Schuckman Realty brokered the sale of a single-tenant net leased Citibank located at 121-11 Liberty Ave., South Richmond Hill. The building which is located on the northeast corner of Liberty Ave. and 121^st St. features

Lingua Franca signs 3,437 s/f lease at 307 West 36th St.

New York, NY GFP Real Estate, LLC signed Lingua Franca NYC Inc., to a short-term lease for 3,437 s/f on the fifth floor of 307 W. 36^th St. in the city’s Garment District

118-unit Barbara Faron Residence being built in Far Rockaway

Queens, NY Federation of Organizations currently has a nine-story, 118-unit affordable housing development under construction in Far Rockaway. The property, which will be named the Barbara Faron Residence, is located at 20-50 Nameoke Ave. and is expected to be completed

Renshaw of B+E receives CREW Network award

New York, NY B+E CEO Camille Renshaw is the 2022 Entrepreneurial Spirit Impact Award recipient, as named by CREW New York, a segment of the premier business network dedicated to transforming the commercial real estate industry by advancing women globally.

Ariel Property Advisors arranges $12.1 million sale of 87,899 s/f multifamily portfolio at 818-862 Beck St. in Longwood

Bronx, NY Ariel Property Advisors has arranged the sale of a 10-building, 87,899 s/f multifamily portfolio at 818-862 Beck St. in the Longwood section of the borough. The Beck St. portfolio sold for $12.1 million, which translates to $144,047 per unit,

INCOCO partners with Tavros Holdings to acquire two investment properties for a total of $224.9 million

New York, NY INCOCO CAPITAL, LLC (INCOCO) has expanded its real estate investment platform in the United States with two market-leading investments. The company partnered with Tavros Holdings, LLC (Tavros) to acquire a development site located at 24-19 Jackson Ave. in the Court Sq.

Polsinelli of Compass sells 11,000 s/f retail condo at 380 Columbus Ave.

New York, NY Adelaide Polsinelli, vice chairman of Compass, has sold the 11,000 s/f, retail condo with 100 ft. of wraparound frontage, at 380 Columbus Ave., also known as 101 West 78^th St., on the northwest corner of 78^th

Penn Station, transit oriented development and the looming threat of eminent domain, part 2 - by Jennifer Polovetsky

Owners and business tenants are entitled to separate condemnation awards (see Rose v. State, 24 N.Y.2d 80 (1969)). Property owners are entitled to an award for the value of their real estate based upon a highest and best use analysis, while business tenants are entitled to a separate award for their