Manhattan, NY Avison Young arranged a $147 million first mortgage refinancing of 255 Greenwich St., a 600,000 s/f Class A office building with ground floor retail and parking in Tribeca, on behalf of an affiliate of Jack Resnick & Sons.
Queens, NY According to Muss Development LLC, Plaza College has signed a long-term expansion and extension at Forest Hills Tower, the real estate firm’s 375,000 s/f Class A office property, bringing total occupancy to 99%.
Manhattan, NY Cresa managing principal Bert Rosenblatt and vice president Alex Gerome represented Clark Construction Corp. for the $3.25 million acquisition of a 6,096 s/f commercial cooperative at 127 West 24
th St. in Chelsea. The buyer is a general contracting and construction
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
Manhattan, NY The Asian Real Estate Professional Association (AREPA) hosted its distinguished guest speaker event at EisnerAmper, featuring Jasper Wu, vice president of ZD Jasper Realty. Jasper shared his expertise on real estate development, career
Manhattan, NY Reidy Contracting Group (RCG) has completed five projects in the Empire State Building. The projects include the Empire State Realty Trust Amenity Space, Ghirardelli Chocolate & Ice Cream Shop, the Observatory, Dave & Adam’s Pop-Up Shop,
Brooklyn, NY GFI Realty Services closed a $40 million acquisition loan for 1501 Voorhies Ave., formerly known as Avalon Brooklyn Bay and rebranded by the buyer as Aqualina New York, located in the Sheepshead Bay neighborhood. The financing was secured through OceanFirst Bank and arranged by Daniel Lerer
Manhattan, NY Fried Frank advised SL Green Realty Corp. (SL Green), and its joint venture with PGIM Real Estate, in connection with the completion of a $1.4 billion, five-year, fixed-rate refinancing of 11 Madison Ave., a 2.3 million s/f office tower in Midtown South. The new mortgage replaces the
The act of borrowing money itself in a self-directed IRA is not a taxable event. However, using borrowed funds (debt financing) to acquire or improve rental properties can subject the IRA to taxes on unrelated debt-financed income (UDFI), which is a form of unrelated business taxable income (UBTI). This means
What do you do now and what are you planning for the future? I’m an entrepreneur focused on building a sustainable enterprise with a vision and growth mindset. My company provides reused and pre-owned office furniture solutions that promote circular economy principles and reduce environmental impact.
