Front Section

Abramov and Kandkhorov of Asset Commercial Realty Group broker 1,566 s/f

Brooklyn, NY Michelle Abramov and Mark Kandkhorov of Asset Commercial Realty Group’s (AssetCRG) retail leasing team exclusively represented EyeCrafters LLC in its lease negotiations with the Muss Development for 1,566 s/f at 340 Jay St. Muss Development was represented in-house by Ross Spitalnick. 

Madison Realty Capital provides $30.5 million to refinance GEM Hotel

Manhattan, NY Madison Realty Capital (MRC) closed $30.5 million of financing collateralized by the GEM Hotel, a boutique hotel located at 300 West 22nd St. in the Chelsea neighborhood. JLL’s Aaron Appel brokered the financing. 

Denham of Reis, Inc. addresses B’nai B’rith Real Estate luncheon March 13th

Manhattan, NY Barbara Byrne Denham, senior economist at Reis, Inc., addressed the B’nai B’rith Real Estate monthly luncheon meeting, held March 13th, at the Cornell Club. Her topic was “2019 Economic/Commercial Real Estate Overview.” 

The Agency issues REI for redevelopment of former BAE site in Union

Union, NY The Agency has issued a call to the development community to partner on the redevelopment of the former BAE site at 600 Main St. 

Houlihan-Parnes Properties names Cuniberti partner

White Plains, NY According to James Houlihan and James Coleman, Michael Cuniberti has become a partner of Houlihan-Parnes Properties.  

Savills Studley rebrands as Savills Inc.

New York, NY According to Savills Studley, Inc., it has rebranded as Savills Inc., effective immediately. This change aligns the U.S. arm of...

Cornerstone Land Abstract promotes Volpe, welcomes Morgen

New York, NY According to Cornerstone Land Abstract, Danielle Volpe has been promoted, and Doug Morgen has joined the firm.

1031 exchange replacement property alternatives for investors - by Pamela Michaels

Investors in the Northeast are confronted with a number of obstacles when attempting to close on replacement property in an IRC Section 1031 exchange. Foremost amongst them may be the shortage of attractive inventory and the high price of available replacement properties.

Innovative Solutions relocates to Riverwood Tech Campus–19,000 s/f

Henrietta, NY According to Governor Andrew Cuomo, Innovative Solutions has officially marked the company’s move to its new location. The software development company has relocated to a 19,000 s/f facility on East River Rd.

Lunson Mitchenall and JAACRES partner for international expansion

New York, NY Joseph Aquino, president of JAACRES, and president and founder of The Secret Broker Society, has formed a partnership with London-based Lunson Mitchenall to further international expansion.