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Eastern Union closes over $1 billion in Q1 2019

Brooklyn, NY According to Eastern Union, it has completed the first quarter of 2019 having closed a deal portfolio exceeding $1 billion in value.

B’nai B’rith Real Estate hosts “Opportunity Zone Update” at April 10th luncheon

Manhattan, NY An expert panel discussed, “Opportunity Zones Update” at the April 10th B’nai B’rith Real Estate’s monthly luncheon meeting at the Cornell Club.

Brick Capital Partners provides $3.3 million in financing

Manhattan, NY Brick Capital Partners LLC has completed the following: Provided a $2.5 million first mortgage to a private real estate owner with

Gilco Realty completes four leases totaling over 4,500 s/f

Bronx, NY According to Gilco Realty LLC, Michael Gilbert completed a 4,500  s/f lease at 1160 Southern Blvd. The tenant, Children’s Aid Society, was represented by ARC Advisors.

CAM reconciliation for your NNN retail asset(s) - by Albert Aranbaev

Whether you’re a commercial real estate property manager or landlord, you’ve heard that dreaded term: CAM Reconciliation. The worst time of year for you must be February or March when NNN tenants start requesting reconciliation statements. Sure, one may hope that

Outside the Region: Townhouse Management Co. proposes 500-room convention center hotel

Memphis, TN Townhouse Management Co. (THM) has proposed plans to the city to develop a new 500+ room convention center hotel complex at an estimated cost of $230 million. The complex will also

Outside the Region: Gorjian Acquisitions buys SunTrust Building

Salisbury, NC Joel Gorjian, a national real estate investor and president and CEO of Gorjian Acquisitions, has purchased the SunTrust Building

Outside the Region: Eyzenberg & Co. arranges $35.4 million refinancing for Southeast multifamily portfolio

Covington, GA Eyzenberg & Co.’s Jeff Conti and Mila Babenko structured and arranged a $35.4 million fixed-rate loan

IDA of the Month: Westchester County IDA is a major driver behind residential building boom under way in county

White Plains, NY Westchester County is enjoying an unprecedented residential building boom that is changing the skyline of the county’s cities, towns and villages. One of the major drivers behind this economic development expansion is the Westchester Industrial Development Agency

Question of the Month: Can a zoning lot consisting of more than one tax lot include partial tax lots, or must it include the full lot? - by Christopher Wright

There was a recent Manhattan Supreme Court decision regarding the definition of a zoning lot. The matter involved three proceedings. First, an application was submitted to the Dept. of Buildings seeking permits to construct a 55-story residential building based on a zoning lot that included partial tax lots.