Front Section

Meridian Capital Group arranges $53 million in financing

Bronx, NY Meridian Capital Group arranged $48 million in financing for the refinance of The Whitehall, a cooperative property in the

Bestreich Realty Group brokers four sales in Brooklyn: $7.55m total

Brooklyn, NY Bestreich Realty Group (BRG) completed the following sale transactions: 342 9th St. in Park Slope sold for $2 million ($623 per s/f). This four-apartment multifamily is located between 5th and 6th Aves. and contains

Kaufman Org. acquires 82,000 s/f for $34.5 million

Manhattan, NY The Kaufman Organization acquired The Haymarket Building under a newly formed 99-year ground lease, located at 135 West 29th St. between Sixth and

Due diligence tech helps private lenders offer new debt to distressed borrowers - by Anthony Romano

Private lenders are finding plenty of opportunities to make loans to commercial property owners in 2021. In exchange for new debt to replace struggling owners’ existing mortgages, these

Goldfein of Goldcap Real Estate Advisors facilitates $600,000 sale

Brooklyn NY Goldcap Real Estate Advisors facilitated the sale of 1526 Lincoln Pl. in the Crown Heights neighborhood. The sale price was $600,000 ($101 per buildable s/f).

Rodriguez of Rodriguez Commercial Realty is sole broker for $1.18 million deal

Brooklyn NY Erik Rodriguez of Rodriguez Commercial Realty (RCR) completed the sale of 2177 Bedford Ave. (Block: 05090 Lot: 0004) located

Meridian Capital Group arranges $43.8 million

New York, NY Meridian Capital Group arranged $33.9 million in financing to refinance two multifamily properties in the Bronx, and $9.9 million to refinance a

New York City development tools: Mandatory Inclusionary Housing - Part 4 - by Michael Smith and Patrick O’Sullivan

The Mandatory Inclusionary Housing (MIH) program allows developers to utilize increased development rights allowed under a rezoning by creating permanently affordable housing marketable to both

Question of the Month: How can owners obtain a zoning variance at the NYC Board of Standards and Appeals? - by Christopher Wright

In 1961, NYC adopted the Zoning Resolution (ZR). The ZR assigns complex zoning regulations to every tax lot in the five boroughs. Like the Constitution, it is a comprehensive document and, just as importantly, it provides

Construction Law: A construction lawyer discusses change orders: A cautionary tale for customers - by C. Jaye Berger

Change orders are like mini-contracts. The parties sign the main contract and when things change, they both sign change orders confirming their agreement to those changes. It could be to add money to the contract price or to extend the