Brooklyn, NY Eastern Union is offering “Virtual Summer Underwriting Internships” to college and post-graduate students. The part-time internships—conducted remotely—will help students develop their proficiency in
Chicago IL The Counselors of Real Estate has identified the current and emerging issues expected to have the most significant impact on real estate, with the COVID-19 pandemic being the leading concern of the 1,000- member organization.
We get calls from investors looking for a pandemic discount every day. One thing is clear: There is no shortage of buyers with war chests ready to pounce on a bargain. Pre-COVID valuations for New York City multifamily rent-stabilized product were already down 30-40% after the passing of the HSTPA 2019 rent laws, driving cap rates into the 5-6% range.
Courts have long upheld the imposition of restrictive covenants as part of zoning approvals. As a result, boards routinely require applicants to record restrictive covenants as a condition of zoning approvals. Due to the fact that restrictive covenants are often drafted to “run with the land”, meaning the covenants
Calabasas, CA According to Marcus & Millichap, William Millichap, co-chairman, has passed away after a year-long battle with cancer. He was 76 years old. Marcus & Millichap founder and chairman George Marcus issued the following statement: “The company’s formative years benefited greatly
Yonkers, NY The Municipal Housing Authority for the City of Yonkers (MHACY) is seeking to partner with market rate building owners to expand the city’s base of affordable housing. MHACY released a request for proposals seeking building owners to participate in the Section 8 Housing program
New York, NY The Long Island Board of Realtors, Inc. (LIBOR) and the Hudson Gateway Association of Realtors, Inc. (HGAR) unveiled the new consumer search website onekeymls.com. A recording of the virtual press conference unveiling the new website can be found
New York, NY The
New York Real Estate Journal (
NYREJ) sat down with this months’ Executive of the Month, Bob Savitt, for a question and answer session. Savitt is the founder & president of Savitt Partners.
Pittsford, NY According to Largo Capital, they have opened a new Rochester-area office at 15 Fishers Rd., Suite 114. Max Dowd, CPA and Nancy Van Iseghem joined Largo Capital to launch the firm’s commercial mortgage origination office
Eastchester, NY The Oak & Avery Group brokered the sale of a 10-unit mixed-use building, 820 White Plains Rd. The sale price was $1.85 million, representing a 5.5% cap rate. Anthony Watkins, pesident, and David Algarin, vice president, represented
