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EPIC Commercial Realty negotiates two sales totaling $10.1 million

Manhattan, NY EPIC Commercial Realty negotiated two sales totaling $10.1 million: An off-market mixed-use building containing lofts and retail spaces for $7.3 million. Ido Tzaidi and Tal Sharon were sole agents on the…

Tishman Speyer secures 328,000 s/f in leases

Queens, NY According to Tishman Speyer president and CEO Rob Speyer, the company has finalized lease agreements with Macy’s, Inc. and NewYork-Presbyterian at The JACX, its 1.2 million s/f office development under construction in Long Island City. 

CUR Funding originates $6 million bridge loan

Brooklyn, NY CUR Funding LLC, the lending arm of City Urban Realty, through an affiliate entity, has funded a $6 million bridge loan secured by a portfolio of mixed-use buildings in the Fort Greene and Clinton Hill neighborhoods.

Klosed Properties acquires 2320 Hughes Ave.,
7,250 s/f corner mixed-use building in the Bronx for $1.875 million

Bronx, NY Klosed Properties has acquired 2320 Hughes Ave., a 7,250 s/f corner mixed-use building in the Belmont neighborhood for $1.875 million.

Pinchasicks of JAM Real Estate sell Murray Hill walk-up to Excel Dev. Group for $11.2 million; Khorshad of Plaza Realty is broker

Manhattan, NY According to JAM Real Estate Partners, the firm has closed on the sale of 345 East 33rd St. The building, located between First and Second Avenues of the Murray Hill Neighborhood, sold for $11.2 million. 

Jungreis of Rosewood represents buyer and seller in $21 million sale

Manhattan, NY According to Benchmark Real Estate Group, it paid Renaissance Properties $21 million for a six-story mixed-use building in the West Village. Aaron Jungreis of Rosewood Realty Group brokered the transaction…

Cleghorn and LaSala of BellCornerstone broker $4 million sale – 123,042 s/f

Fulton, NY BellCornerstone has completed the sale of 607 Phillips St., containing 123,042 s/f, for $4 million.

Amazon cancels plans to build headquarters in Long Island City, Queens

New York, NY According to media sources, Amazon has decided to not move forward with its plans to build a headquarters in Long Island City. Full Amazon Statement: "After much thought and deliberation, we've decided not to move forward with our plans to…"

Buffalo investors: Commercial real estate tech is key to dealmaking in Opportunity Zones - by Richard Sarkis

Talk of Opportunity Zones (OZs) is omnipresent throughout the commercial real estate community, especially in Upstate New York. The federal program, which was officially launched in 2017, encourages economic development in…

Upstate NY Appraisal Institute to offer seven seminars for CE credit

Rochester, NY The Upstate New York Chapter of the Appraisal Institute will have an active education calendar for real estate appraisers again in 2019 for continuing education(CE) with seven seminars.