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Real Estate Law: Obtaining regulatory guidance from regulators - by Aaron Gershonowitz

A major part of practicing environmental law is the ability to advise based on an assessment of how an agency is likely to behave. The rules and regulations are often not as clear as a regulated party would like. Interpreting the rules and regulations, or using how they were interpreted in other contexts to determine a recommended course of action, can be difficult.

Holloman of Lee & Associates NYC closes $11.5 million sale with Bruman Realty

Queens, NY Alfonso Holloman, CCIM, senior managing director/principal of Lee & Associates NYC has arranged the sale of the property at 26-24 & 26-26 Fourth St., between 26th and 27th Aves.

EPIC Commercial Realty negotiates two sales totaling $10.1 million

Manhattan, NY EPIC Commercial Realty negotiated two sales totaling $10.1 million: An off-market mixed-use building containing lofts and retail spaces for $7.3 million. Ido Tzaidi and Tal Sharon were sole agents on the…

Tishman Speyer secures 328,000 s/f in leases

Queens, NY According to Tishman Speyer president and CEO Rob Speyer, the company has finalized lease agreements with Macy’s, Inc. and NewYork-Presbyterian at The JACX, its 1.2 million s/f office development under construction in Long Island City. 

CUR Funding originates $6 million bridge loan

Brooklyn, NY CUR Funding LLC, the lending arm of City Urban Realty, through an affiliate entity, has funded a $6 million bridge loan secured by a portfolio of mixed-use buildings in the Fort Greene and Clinton Hill neighborhoods.

Klosed Properties acquires 2320 Hughes Ave., 7,250 s/f corner mixed-use building in the Bronx for $1.875 million

Bronx, NY Klosed Properties has acquired 2320 Hughes Ave., a 7,250 s/f corner mixed-use building in the Belmont neighborhood for $1.875 million.

Pinchasicks of JAM Real Estate sell Murray Hill walk-up to Excel Dev. Group for $11.2 million; Khorshad of Plaza Realty is broker

Manhattan, NY According to JAM Real Estate Partners, the firm has closed on the sale of 345 East 33rd St. The building, located between First and Second Avenues of the Murray Hill Neighborhood, sold for $11.2 million. 

Jungreis of Rosewood represents buyer and seller in $21 million sale

Manhattan, NY According to Benchmark Real Estate Group, it paid Renaissance Properties $21 million for a six-story mixed-use building in the West Village. Aaron Jungreis of Rosewood Realty Group brokered the transaction…

Cleghorn and LaSala of BellCornerstone broker $4 million sale – 123,042 s/f

Fulton, NY BellCornerstone has completed the sale of 607 Phillips St., containing 123,042 s/f, for $4 million.

Klosed Properties enters into 1031 exchange for $3.15 million

Bronx, NY Klosed Properties has entered a 1031 exchange for $3.15 million. They have sold 2809 3rd Ave., a 7,250 s/f mixed-use building, consisting of retail (leased to Popeye's) and six apartments, in the Mott Haven neighborhood. The firm is looking to acquire well-located value-add mixed-use, multifamily and retail in Manhattan, Brooklyn, the Bronx, and Queens with a minimum five units. The firm has until February 28th, 2019 to identify one or more properties.