Front Section

Fasano joins RIPCO Real Estate managing partner to oversee its investment sales platform

New York, NY According to RIPCO Real Estate, Michael Fasano, an industry veteran with 20-plus years’ commercial real estate experience, has joined the company as a managing partner

Bestreich Realty Group brokers two Brooklyn sales: $8.75m total

Brooklyn, NY Bestreich Realty Group (BRG) completed the following: 82 Clinton Ave.:  This four-apartment multifamily is located between Myrtle and Park Aves.

Chase joins RIPCO as vice president in new Investment Sales Division

New York, NY According to RIPCO Real Estate, David Chase, a 18-year real estate veteran specializing in investment sales, has joined the firm as vice president. Joining Chase is Davit Andghuladze,

Janus Property Co. secures 10-year lease for GLUCK+ in West Harlem

New York, NY According to the Janus Property Co., architect-led design-build firm GLUCK+ has signed a 10-year lease in West Harlem’s Manhattanville Factory District, at 423 West 127th St. Asking rent for the space was $55 per s/f.

Jonathan Rose Cos. acquires Tower West Apartments – 217 units

Manhattan, NY Jonathan Rose Companies has acquired Tower West Apartments, a 217-unit HUD-regulated, partial Section 8, and New York City supervised Mitchell-Lama family housing asset at 65 West 96th St. on the

Doshi, Mehra and Schechtman of Meridian sell 77 units for $10.75 million

New Rochelle, NY Meridian’s Amit Doshi, Shallini Mehra and David Schechtman teamed up to handle an exclusive listing at 246-248 Centre Ave. The 77-unit dual elevator property sold for $10.75 million, yielding a

Investment Sales: Virtually normal - by Ron Cohen

In addition to an awkward elbow bump greeting, for most of us teleconferenced meetings have recently become the norm. At Besen, the partners have two to three Zoom calls weekly, and divisional teams meet fully

HKS Real Estate Advisors arrange $24.5 million construction loan with M&T Bank

Danbury, CT HKS Real Estate Advisors arranged a $24.5 million construction loan with M&T Bank for the development of a six-story, 149 multi-residential unit building called Brookview Commons

SKW Funding closes $30 million financing – secured by Upper East Side property

Manhattan, NY SKW Funding closed on $30 million in financing to support the acquisition of an existing loan and related bankruptcy court approved "debtor in possession (DIP) loan for a building located on the Upper East Side.

For landlords: First the enactment of the HTSPA, now the COVID-19 crisis - by Anthony Cummings

Landlords took a big hit with the enactment of the HTSPA in June 2019 and the New York State Legislature is seemingly poised to deliver another with a proposed Act (S. 8125, the “Act”) that will “suspend” rent payments for certain residential tenants and