Front Section

Davis of Largo secures two loans totaling $5.3 million

Johnson City, NY Aaron Davis, account executive of the Largo Group of Cos., arranged $5.3 million to refinance the existing debt on two multifamily properties owned by two separate clients.

Bestreich, Davila, Reynolds and Reynolds of BRG close $2.2 million development site sale between Pagnani and Kaufman

Queens, NY Bestreich Realty Group, (BRG) closed the sale of 314 Woodward Ave., located in the Ridgewood neighborhood. This development site was sold for $2.2 million. 

Hudson Valley Property Group buys 311 units for $48.3 million; CBRE Affordable Housing and CBRE’s NY Institutional Group handle sale

Yonkers, NY CBRE Affordable Housing and CBRE’s New York Institutional Group have completed the sale of the 311-unit, affordable housing community known as Parkledge. The property sold to Hudson Valley Property Group

studioBIG designs space for Upper East Chemists

Manhattan, NY Upper East Chemists, a family-owned drug store and neighborhood purveyor of natural health products, has opened at 1401 3rd Ave.

SOCOTEC Group acquires ArchEng, holding company of five legal entities including Vidaris

New York, NY According to SOCOTEC Group, a major player in risk management and asset performance optimization, that on July 22, 2019 it had acquired ArchEng, the holding company of five legal entities: Vidaris, Inc.;

ABS Altman Warwick negotiates $8.5 million loan for Wharton Properties

New Rochelle, NY According to ABS Altman Warwick, a capital market advisory firm and division of ABS Partners Real Estate, they have the closed an $8.5 million loan on behalf of Wharton Properties for its

RP-5217 transfer report can affect future real estate taxes - by John Terrana and Gabriella Botticelli

All real estate lawyers are familiar with the RP-5217 Form. You know the one; that mandatory transfer report that must be filed before a conveyance of real property can be recorded, which lists the property information, the sale price, circumstances of the sale and identifies the buyer.

$6 million Gerard Place Community Center project in Buffalo completed

Buffalo, NY According to governor Andrew Cuomo, the $6 million transformation of a former parish hall into the new Gerard Place Community Center on the city’s East Side has been completed. Gerard Place works to

Public Relations: New rent regs pose communication challenge - by Harry Zlokower

Sweeping changes in rent control laws, resulting in benefits to tenants, mobilized the real estate industry earlier this summer into a forceful campaign of lobbying, paid advertising, and organized demonstrations. Using reasoned arguments and projections, the industry attempted to thwart the legislation by demonstrating to politicians and

LSL Advisors' Greene and Lolai join the
TCN Worldwide Real Estate Services organization

Manhattan, NY According to Ross Ford III, president & CEO of TCN Worldwide Real Estate Services, LSL Advisors is the newest member to be selected to join the international real estate services organization. LSL Advisors is a commercial real estate advisory and investment firm.