SKW Funding closes $30 million financing – secured by Upper East Side property

Manhattan, NY SKW Funding closed on $30 million in financing to support the acquisition of an existing loan and related bankruptcy court approved "debtor in possession (DIP) loan for a building located on the Upper East Side.

For landlords: First the enactment of the HTSPA, now the COVID-19 crisis - by Anthony Cummings

Landlords took a big hit with the enactment of the HTSPA in June 2019 and the New York State Legislature is seemingly poised to deliver another with a proposed Act (S. 8125, the “Act”) that will “suspend” rent payments for certain residential tenants and

COVID-19, cannabis and the future of commercial real estate - by Richard Acosta

As COVID-19 continues to rack the U.S. with unprecedented hospitalization, death and unemployment rates, landlords and real estate investors alike are trying to understand and prepare for the future of commercial real estate. And while mainstream CRE, especially retail,

JLL closes $18.2 million sale of development site at 171 North 1st St. for Stanislaw Rys/Kevsta Inc.

Brooklyn, NY JLL Capital Markets closed the sale of 171 North 1st St in the Williamsburg neighborhood for Stanislaw Rys/Kevsta Inc. Gemini Rosemont Commercial Real Estate acquired the mixed-use development site for $18.2 million.

The coronavirus pandemic and its impact on the CRE market by Marjorie Peerce and Brian Schulman

The coronavirus pandemic has caused a lot of confusion, but even in the midst of great uncertainty, one thing is clear: The commercial real estate market is looking at a turbulent time up ahead. Economists don’t agree on whether we’re in for a short-but-painful economic dip or a

Eagerly awaiting a Covid-19 extension for 1031 Exchanges - by Todd Pajonas, Matthew Scheriff and James Walther of Legal 1031 Exchange Services, LLC

A 1031 exchange is a tax strategy used by real estate investors to defer capital gains tax recognized upon the sale of real estate. In order to successfully complete a 1031 exchange,

NKF completes 99-year leasehold for L+M Development Partners

Brooklyn, NY Newmark Knight Frank (NKF) completed the sale of a 99-year leasehold interest at 250 Utica Ave., on behalf of the seller, L+M Development Partners. The $13.925 million sale of a 99-year leasehold interest at 250 Utica Ave., on behalf of

Bestreich Realty Group handles $1.5 million sale of Brooklyn development site

Brooklyn, NY Bestreich Realty Group (BRG) completed the sale of 2911 Albermarle Rd. in the  Flatbush neighborhood for $1.5 million. This development site is located between Rogers and Nostrand Aves. The property offers

Harlem condos sell at 2600 Adam Clayton Powell Jr.; distinguished building convenient to subway and schools

Harlem has, in past decades, been a hip and "in" place to call home. Just ask former President Bill Clinton whose office is on 125th street. The area has become up and

Cooper Horowitz holds 55th annual reception

New York, NY Cooper Horowitz celebrated its 55^th annual reception at Brasserie 8 1/2. The event was attended by over 1,000 borrowers and lenders from across the country.