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Question of the Month: How does an owner buy or sell air rights? - by Christopher Wright

The NYC Zoning Resolution (ZR), a statue that governs NYC zoning regulations, allows property owners to transfer unused air rights (a.k.a “development rights”) to neighboring properties. The transfer of

Ariel Property Advisors arranges $48.8m financing

New York, NY Ariel Property Advisors’ Capital Services Division closed $48.8 million in financing for a diversified range of properties and portfolios, from

Sinatra joins AmTrust Title Insurance Co.

New York, NY AmTrust Title Insurance Co. named Nicolette Sinatra as its new business development representative. Sinatra will be responsible for leading

Khodadadian and Shirazi of Skyline Properties handle $10.85 million

Bronx, NY Skyline Properties sold 1340 Lafayette Ave., 749 Whittier and 745 Whittier St. in the Hunts Point section of the Bronx to Wildflower Ltd. for $10.85 million.

Lieberman of Resolution Real Estate Partners arranges two leases at 1385 Broadway

Manhattan, NY Evan Lieberman, senior director/leasing, Resolution Real Estate Partners, LLC, a member of NAI Global, has arranged new leases for New Eagle Enterprises Inc. and

Marcus and Azarian of Marcus & Pollack achieve tax cut for Marriott Courtyard at Laguardia Airport; Lebowitz of Abrams Fensterman was co-counsel

New York, NY In a decision that could have implications for all NYC hotels, a Queens Court handed down a ruling that reduced the property taxes to

Construction Law: The importance of maintaining property - by C. Jaye Berger

When buildings are having repair work done, they are very focused on completing the work as specified in the particular drawings. They have someone observing the

CBRE brokers $54 million sale of The Henry for Spirit Investment Partners/Bascom Group JV; Harbor Group Int’l is buyer

Pomona, NY CBRE handled the $54 million sale of The Henry, a 169-home luxury apartment community. The CBRE team of Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley,

Newmark arranges $350 million loan for Angelo Gordon and The WE’RE Group

Long Island, NY Newmark, on behalf of Angelo Gordon and the WE’RE Group, has arranged a $350 million floating rate, securitized loan for the

Meridian’s Doshi and Mehra sell two contiguous buildings on the Upper East Side for $21.7m

Manhattan, NY Meridian’s Amit Doshi and Shallini Mehra closed on the sale of 409 and 413 East 84th St., two contiguous buildings in the Yorkville neighborhood of