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TerraCRG sells Bushwick multifamily for $1.895 million

Brooklyn, NY TerraCRG has closed on the sale of a three-unit gut renovated property at 1041 Jefferson Ave. in Bushwick. TerraCRG partner Matt Cosentino exclusively represented the seller, Chaim Halberstam, in the off-market transaction.

Island Harvest Food Bank acquires 43,000 s/f

Melville, NY Island Harvest Food Bank, Long Island’s leading hunger-relief organization, completed the purchase of a 43,000 s/f building at 126 Spagnoli Rd., according to Randi Shubin Dresner, president & CEO. The facility

2021 NYC hotel market dynamics: Opening up - by Anudeep Gosal

Arguably the greatest need at present for the hospitality industry in New York City is for patient capital. The traditional capital stack is not geared for a very long horizon. The 3 to 5-year yield driven model is now obsolete.

Grand Lux Realty opens new office at 101 King St. in Chappaqua, NY

Chappaqua, NY Grand Lux Realty, a locally owned brokerage firm in Westchester County and the lower Hudson Valley, has officially opened the company’s new office, located at 101 King St.

Resolution RE Partners arranges three new leases

New York, NY Evan Lieberman, senior director/leasing, Resolution Real Estate Partners LLC has arranged new leases for three fashion companies in the Garment District, comprising Sinova Fashions, Starwear Distributors LLC,

The CRE industry needs community garden spaces - by Farris Wu

COVID-19 has brought renewed focus on mental health and wellness. And as a return to activity is re-imagined and reconsidered, sustainable architecture and green building design will be a primary priority for commercial real estate industry experts, to fulfill new needs and attract demand.

Largo Capital secures four loans totaling over $25.36 million in financing

Canandaigua, NY Largo Capital secured four loans totaling over $25.36 million. Max Dowd of Largo Capital’s Rochester office secured a $1.86 million acquisition loan for a 30-unit multifamily property. Dowd negotiated a low fixed rate with a 10-year term and 25-year amortization

What we can learn from Westchester’s evolving office market - by Chris O’Callaghan

Famed American Bandstand host Dick Clark once clarified his multi-decade influence over the music industry. “I don’t set trends,” he offered, “I just find out what they are and exploit them.” Much the same can be said of Westchester County,

Rock the Bricks: L’Amour/Bensonhurst, Brooklyn - by Larry Ross

This month we feature legendary music venue L’Amour, formerly located at 1546 62nd St. in the Bensonhurst section of Brooklyn. It originally opened as a disco in 1978 and was converted into a rock club in 1981, in a rough area that was occupied

HUNT Real Estate fundraises for Foodlink

Rochester, NY The local branches of HUNT Real Estate ERA, through a Valentine’s Day-inspired event called “Share the Love,” collected $1,100 in donations and over 700 food items in support of Foodlink.