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Law: Federal antitrust suit filed against NAR alleging commission price fixing - Thomas McNamara

A class action antitrust lawsuit has been filed in federal court in Chicago against the National Association of Realtors (NAR) and four of the nation’s largest real estate brokerage companies.

Mack-Cali Realty completes 3.1 million s/f
office/flex portfolio sale to Robert Martin Co. for $487.5 million

Elmsford, NY According to Mack-Cali Realty Corp., it has executed the sale of its 3.1 million s/f office/flex portfolio to Robert Martin Company LLC (RMC). The aggregate sales price for the portfolio was $487.5 million.  

Ranieri of NorthMarq secures $2.73 million in acquisition financing for 80,846 s/f Liberty Center Plaza in Seneca Falls

Seneca Falls, NY Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains office secured acquisition financing of $2.73 million for Liberty Center Plaza, a 80,846 s/f retail property. 

Fareri Associates move forward with approval process for North 60, launches project website

Valhalla, NY Plans to transform a vacant 60-acre site adjacent to the Westchester Medical Center into an innovative bioscience, technology and lifestyle campus has taken a…

Citizens Commercial leads $91 million in financing for DivcoWest

Manhattan, NY According to Citizens Commercial Banking, its commercial real estate finance team is leading a $91 million loan for DivcoWest, to acquire a 15-story, 192,000 s/f, boutique office property located at 311 West 43rd St.

Holloman of Lee NYC arranges $1.28 million sale of 1575 East Gun Hill Road, Bronx

Bronx, NY Alfonso Holloman, CCIM, senior managing director/principal of Lee & Associates NYC has arranged the sale of the property at 1575 East Gun Hill Rd., between Kingsland and Mickle Aves., in Baychester…

Mojo Stumer to renovate six-story mixed-use buildings in South Harlem

Manhattan, NY According to Mojo Stumer, a renovation of two six-story mixed-use buildings at on Fifth Ave. in South Harlem is underway.

Influx of technology firms drives outer borough growth - by Michael Weiser

Amazon’s decision to open a second headquarters in Long Island City–and its subsequent reversal–highlighted a clear trend in New York City, wherein the entrance of technology firms to a neighborhood has a clear and positive impact on the subsection’s real estate

Venture Capital sells 28,000 s/f in Midtown South for David Z shoes

Manhattan, NY According to Ryan Sabet, managing director of Venture Capital Properties, David Zaken, president of the David Z shoe chain, sold a 28,000 s/f commercial and…

REBNY honors Calandriello of JRT Realty and Conrad of C&W with 2018 Most Promising Commercial Salesperson of the Year award

Manhattan, NY Commercial real estate brokers Lauren Calandriello of JRT Realty Group Inc. and Will Conrad of Cushman & Wakefield (C&W) have each been named a 2018 Most Promising Commercial Salesperson of the Year by