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Heritage Affordable Communities acquires Bronx property for $10.8m

Bronx, NY Alex Hajibay’s Heritage Affordable Communities acquired a 70-unit property for $10.8 million. The property located at 1971 Webster Ave. was constructed in 2003. MacQuesten Development was the seller.

Marks, Lebor and Finnerty of TerraCRG exclusively sells retail building in Brooklyn for $3.15 million

Brooklyn, NY TerraCRG closed on the sale of a retail building at 5501Glenwood Rd. in the East Flatbush neighborhood for $3.15 million. Dan Marks, Daniel Lebor and Rob Finnerty exclusively represented the seller. 

Cresa arranges 6,000 s/f lease for Ballon Stoll

Manhattan, NY Peter Sabesan, managing principal, and Nicholas Markel, vice president of Cresa have arranged new offices for Ballon Stoll Bader & Nadler, P.C. (Ballon Stoll) at 810 Seventh Ave. The lease term for the 6,000 s/f space is 11 years

New REBNY report: New York’s real estate market sees 46% decline in investment and residential sales in 2020 as a result of the Pandemic

New York, NY The Real Estate Board of New York (REBNY) reported that year-to-date investment and residential sales totaled $47.1 billion, representing

Why 2021 Will Be a Boon for Rural Land Investors? - by Jason Walter

2020 was a trying year for everybody. Businesses, investors, and just ordinary citizens looked for certainties in a year in which everything seemed to unwind and

Quinlan Development Group, LLC and Building and Land Technology complete three leases at the Pioneer Building in Brooklyn

Brooklyn, NY For Quinlan Development Group, LLC and Building and Land Technology, the penultimate month of 2020 closed with long-term leases for three tenants at the

Meridian’s Team Doshi sells distressed mixed-use building in Harlem for $6.15 million

Manhattan, NY Meridian’s Amit Doshi, Seth Levine, and Shallini Mehra sold 545 West 125th St., a mixed-use building featuring 72 ft. of frontage located in West Harlem. The property traded for

Featured Property of the Month: North Broadway Development’s new construction townhouses in the Riverside section of Greenwich now 100% leased

Greenwich, CT According to North Broadway Development, Academic Co-Realty Services has been retained to represent the sale of four luxury townhouses at 8 Sound Beach Ave. Extension in the Riverside section of town. The new construction townhouses were completed in late 2019, with certificates of

Kunikoff joins Cresa as principal

New York, NY Cresa welcomed Mitchell Kunikoff to the New York office as a principal. A veteran commercial real estate broker with

Fordham Real Estate Institute launches Visionary Series CCL: The Future Role of CRE

New York, NY The Fordham Real Estate Institute (REI) launched its Visionary Series CCL: The Future Role of CRE, a five-year campaign tied to the 250th anniversary of the