For not-for-profits where an opportunity exists to monetize their property’s value to help finance the construction of a new facility, a ground lease offers significant flexibility for structuring a development transaction. With that flexibility comes a complex set of
Warsaw, VA Bobrow-Warsaw, LLC, the New York-City based owners of the Time Square Shopping Center, have signed Dollar Tree to a long-time lease for a 10,000 s/f anchor store on the site of the former Ames Department Store.
New York, NY Asset Preservation will be offering a series of free webinars that qualify for CE credits in August. Pamela Michaels, Esq., senior VP of Asset Preservation, Inc. will lead the presentations, which are open to the public.
2020 has been a banner year for the security deposit insurance industry. Earlier this year, the Cincinnati City Council passed an ordinance which requires landlords who own and control more than 25 units to offer alternatives to a typical security deposit requirement. Although New York
New York, NY According to Newmark Knight Frank, (NKF) it has won the top two awards for Real Estate Board of New York’s (REBNY) 76
th Annual Sales Brokers Most Ingenious Deal of the Year Awards. The firm earned the first-prize
Middletown, NY The Kislak Company, Inc. completed the $10.28 million sale of Evergreen Manor Apartments, a 112-unit multifamily property located at 51-95 and 97-127 High Barney Rd. in Orange County. The property is on nine acres and
Brooklyn, NY Bestreich Realty Group (BRG) completed the following: BRG closed the sale of 447 Rogers Ave. for $3.468 million. This mixed-use property consists of six apartments and two stores, priced at $433,561 per unit.
Brooklyn, NY JLL Capital Markets has completed the $19.85 million sale of the 251 Front St. development site. JLL worked with the seller, , Paul Tocci, and on behalf of the buyer, Cheskie Weisz, to
Queens, NY According to Holt Construction Corp., LaGuardia Airport’s Terminal B headhouse renovation is completed. The $4 billion redesign and fitout of the arrivals and departures hall was
In 2014, I wrote an article for this Journal about typical negotiations over a gross negligence standard in indemnification clauses in management, LLC and other agreements. Under New York law gross negligence is defined as
