Gayle named CEO of Loring Consulting Engineers

Manhattan, NY Loring Consulting Engineers, Inc. has promoted Oneil Gayle, PE, CEA, CEM, CBCP, LEED AP, to CEO. Michael DesRochers will retain the title of chairman. Gayle, DesRochers, and Steve Kenah will continue in their roles as Loring’s Executive Committee,

Metropolitan Realty Associates launches self-storage facility in The Shops at Nanuet

Nanuet, NY Metropolitan Reality Associates, LLC, (MRA), under the leadership of CEO and founder Joe Farkas, launched a state-of-the-art...

Herold named president of board of directors of Long Island Cares

East Meadow, NY David Herold, partner at Certilman Balin Adler & Hyman, LLP, was named president of the board of directors for Long Island Cares

Deregulating a rent stabilized property by “Substantial Rehabilitation” - by Steven Kirkpatrick

Following enactment of the Housing Stability and Tenant Protection Act of 2019 (HSTPA), “substantial rehabilitation” is one of the only remaining ways that an owner can deregulate a rent stabilized building. The scope of work required for a substantial rehabilitation is essentially a gut renovation

Perlman of Largo Capital secures mortgage to finance the acquisition of an 84-key Marriott

Finger Lakes, NY Ned Perlman of Largo Capital secured a long-term permanent first mortgage to finance the acquisition of an 84-key Marriott Fairfield Inn and Suites hotel. This area is known

Coscia of Largo secures mortgage to refinance multi-family property

Depew, NY Kevin Coscia of Largo Real Estate Advisors, Inc. secured a permanent first mortgage to refinance the existing debt on a multi-family property. The property features 70 newly developed residential units equipped with modern finishes

Investment Property Realty Group brokers four sales totaling $7.185 million

Brooklyn, NY Investment Property Realty Group (IPRG) negotiated four sale transactions totaling $7.185 million. IPRG brokered the sale of 75 Calyer St. in Greenpoint for $3 million. This property is located between West and Franklin Sts. The lot is 24.42 ft. x 100 ft.

ABS Partners Real Estate leases 14,875 s/f
at 915 Broadway

Manhattan, NY Two new tenants have leased space at the fully renovated 915 Bdwy., said Gregg Schenker, president/co-managing partner in ABS Partners Real Estate, which manages and leases the building. The new tenants are: Stanford University, which has leased 5,885 s/f on the 18^th floor

Wells Fargo plans 445,000 s/f
expansion at Hudson Yards

Manhattan, NY Wells Fargo has released its formal plans to expand its Hudson Yards office footprint and create a better, more collaborative employee experience with the purchase of additional space at Hudson Yards. This transaction

Rudin completes headquarters expansion
with Davis & Gilbert

Manhattan, NY According to Rudin, Davis & Gilbert LLP is growing its headquarters at 1675 Bdwy., a 35-story, 800,000 s/f office tower in Midtown. Davis & Gilbert has occupied 86,102 s/f across the building’s 31^st through 34^th floors and a portion of the 35^th floor since 2019.