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Golomb of Fried, Frank, Shriver, Harris & Jacobson leads team to advise Vornado Realty Trust on Penn Station upgrades

Manhattan, NY Fried, Frank, Shriver, Harris & Jacobson LLP advised Vornado Realty Trust in connection with the first phase of improvements to Penn Station.

Cohen, Marks and Lebor of TerraCRG broker $55.95 million sale of 150,000 s/f Brooklyn office building

Brooklyn, NY TerraCRG brokered the sale of 1000 Dean St., a 150,000 s/f creative office building, for $55.95 million. Asher Abehsera of LIVWRK is the buyer of the historic Crown Heights building.

Legal Outreach to honor Ariel Property Advisors’ Shkury as a “Corporate Impact Champion”

Manhattan, NY Ariel Property Advisors president and founder, Shimon Shkury, has been chosen to be honored as a “Corporate Impact Champion” by the non-profit Legal Outreach at its annual…

Klosed Properties acquires three buildings in the Bronx for $6 million

Bronx, NY Klosed Properties has acquired a three-building portfolio from Joerg von Oldershausen for $6 million.

Kimball and Aragon elected to Business Council of Westchester Board of Directors

Rye Brook, NY According to Business Council of Westchester (BCW), two of the area’s economic development commissioners–Wilson Kimball, commissioner of planning and development for the

Fletcher of Greystone arranges $413m for Douglaston and Ares; HSBC leads financing syndicate; design by FXCollaborative

Manhattan, NY Greystone has arranged equity and debt for Douglaston Development’s 931-unit mixed-use residential development at 601 W. 29th St. Spanning the full block-front on

Raggio joins Eyzenberg & Co. as managing director

New York, NY John Raggio has joined Eyzenberg & Co. as a managing director. He originates, structures and places debt, equity and ground lease capital for commercial real estate transactions across the

Message from the CEO of Bronx-Manhattan North Association of Realtors: Commercial vacancy bills - by Eliezer Rodriguez

The prevalence of vacant storefronts in New York City is moving the state and the city council to propose two bills each to solve the problem. Each bill will impose a fee on property owners…

Arbor Realty Trust funds $15 million bridge loan; Originated by Yanovskiy

Brooklyn, NY Arbor Realty Trust, Inc. has funded a $15 million bridge refinance loan for 2417 Albemarle Rd., a 43-unit multifamily property. The deal provides an interest only loan over

Special issues for multifamily owners in a 1031 exchange - by Pamela Michaels

In the Northeast and New York City, the multifamily market is hot, hot, hot. Sellers of multifamily properties are receiving strong offers and selling properties for significant amounts. Overall, this is great news for multifamily owners. However, along with a sale, often come significant