Front Section

Adams of Berkshire Hathaway named to REBNY Board of Directors & Ethics Committee

Wallingford, CT According to Berkshire Hathaway HomeServices New England, New York and Westchester Properties, CEO and president Candace Adams has been named to the board of directors and ethics committee for the Real Estate Board of New York’s (REBNY) Residential Brokerage Division.

Compass welcomes Cardillo to its newly launched investment sales platform

New York, NY According to Adelaide Polsinelli and Ronda Rogovin, both vice chairs of Compass, a technology-driven real estate platform, announce the continued expansion of the investment sales division with new hire, Michael Cardillo. As part of its continued growth and expansion, Cardillo joins George Moss, Karen Dome, Michael Caiola, Mitchell Goldstick and Trystan Polsinelli, along with Robin Abrams and her team…

CREWNY discusses Opportunity Zones through the new tax incentive: “How Do We Get to OZ? Opportunity Zones Take Off in 2019”

New York, NY On Tuesday, February 5, 2019, CREW (Commercial Real Estate Women) New York held its first luncheon of 2019 with its event, “How Do We Get to OZ? Opportunity Zones Take Off in 2019,” with panelists who discussed the basics of the new federal Opportunity Zone Program, how the city is responding and the anticipated reaction of the commercial real estate markets.

Ariel Property Advisors facilitates the sale of four development sites: $11.075 million total

New York, NY Ariel Property Advisors has facilitated the sale of four development sites: 4477 Third Ave., Bronx: The favorably-zoned property in the Belmont neighborhood sold for $3.9 million, equating to $100 per buildable s/f as-of-right. The 72.5’ x 100’ asset is in an Inclusionary Housing Zone that permits

NYSAR honors Carpenter with 2018 Lawrence Caldwell RPAC Service Award at Mid-Winter Business Meetings

Albany, NY The New York State Association of Realtors honored Dawn Carpenter of Staten Island with its 2018 Lawrence Caldwell RPAC Service Award, the highest honor presented by the Realtors Political Action Committee of NY. She received the award during the association’s Mid-Winter Business Meetings.

Ariel Property Advisors shares “Multifamily Year in Review 2018” report - by Shimon Shkury

New York, NY The New York Real Estate Journal (NYREJ) recently sat down with Shimon Shkury, founder and president of Ariel Property Advisors, a New York City investment real estate services and advisory company, who shared some of the highlights from Ariel Property Advisors’ “Multifamily Year in Review 2018.”

Message from the CEO of Bronx-Manhattan North Association of Realtors: Co-op transparency - by Eliezer Rodriguez

The New York State Association of Realtors (NYSAR) held its annual Mid-Winters Meetings at the Desmond Hotel in Albany from February 10th to the 14th. The five days of meetings, as usual, were extremely productive. After one of the sessions, I sat down with a well-respected Realtor and friend to discuss the need for co-op transparency. 

Schechtman, Lieberman and Kassin of Meridian Investment Sales exclusively lists Brooklyn retail property

Brooklyn, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, is exclusively marketing for sale a retail and commercial property ideal for development in the Greenpoint neighborhood for $11 million.

A look at the Rudder Property Group’s office condo report - by Michael Rudder

After a robust first half of 2018, there was an expected slide in the velocity of office condominium sales in the second half of the year. The total s/f sold in the second half of 2018 was 54% less than the first half of the year, and the total dollar value of sales was 56% less…

The Wizard of OZ (that’s “Opportunity Zones”): Be My Valentine? - by Dan Flanigan

The Treasury hearing on the OZ Regulations, originally scheduled for January 10 but postponed due to the government shutdown, re-convened on Valentine’s Day, attended by an overflow crowd, and proceeded for five hours (with a lunch break) of presentations with occasionally interesting questions and commentary by the six presiding IRS and Treasury officials.