Front Section

Mediation in the current world of COVID-19, revisited - by Peter Mastaglio

It goes without saying that all aspects of our lives are affected by the dangers and restrictions imposed by the COVID-19 pandemic. On the professional side, for those who practice civil and commercial litigation, courtrooms are still closed.

Bestreich Realty Group closes two deals totaling $8.55 million

Brooklyn, NY Bestreich Realty Group (BRG) closed the following: The $4.55 million sale of 181 Court St. in the Boreum Hill neighborhood. This 6,780 s/f mixed-use property consists of six apartments and

Alpha Realty brokers off-market sale – $8.55 million

Brooklyn, NY Alpha Realty brokered the sale of 1675 Ocean Avenue, in the Midwood neighborhood. The six-story elevator property consists of 48 apartments and two offices, totaling 54,000 s/f. The property traded for $8.55 million.

CPC and Ocean Towers Partners refinance 360 units – $48 million

Brooklyn, NY According to CPC Mortgage Co., a subsidiary of The Community Preservation Corp., and Ocean Towers Partners LLC, a joint venture between Proto Property Services, LLC and the Community Development Trust (CDT), closed a

GAIA Real Estate signs 53,222 s/f office and retail lease with Englewood Health; CBRE is broker

Jersey City, NJ GAIA Real Estate has signed a 53,222 s/f office and retail lease at 2 Journal Sq. with Englewood Health that will bring increased access to healthcare and help meet the needs of the city’s Journal Sq. neighborhood.

Proposed Section 1031 regulations define ‘real property’ for purposes of like-kind exchanges - by Steve Brodsky

The 2017 Tax Cuts and Jobs Act (TCJA) repealed like-kind exchanges (Section 1031) for all other types of property that are not real property. As a result of the changes introduced in the TCJA, exactly what is considered real property has taken on

Public Relations: Preparing for the new normal - by Harry Zlokower

As New York slowly transitions from crisis to what experts believe will be the new normal, some experts are anticipating significantly more remote work, re-shaping of offices and accompanying behavior to include sanitizing, temperature

Suffolk IDA preliminarily approves Spectronics Corp. acquisition/renovation of two Melville properties

Melville, NY The Suffolk County Industrial Development Agency (SCIDA) has preliminarily approved a transaction to assist Spectronics Corp. in acquiring and renovating an existing 24,244 s/f building located at 135 Maxess Rd. and

K & R Preservation acquires 581-unit affordable housing complex in Brooklyn for $79 million

Brooklyn, NY K & R Preservation, a New York City-based affordable housing development firm owned and operated by its principals Francine Kellman and Brian Raddock, completed the acquisition of Spring Creek Gardens Apartments,

Funiciello of JF Real Estate leases 3,146 s/f to Prime Time Marketing

Liverpool, NY According to JF Real Estate, Prime Time Marketing (PTM) has leased 3,146 s/f at 890 Seventh North St. The property is owned by FRW Properties LLC.