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Famularo and Bisconti of Meridian Retail Leasing arrange 2,000 s/f long-term lease for Irish pub, St. Dymphna’s

Manhattan, NY Meridian Retail Leasing, the retail leasing division of Meridian Capital Group, has arranged a long-term lease for St. Dymphna’s at 117 Avenue A in the East Village neighborhood. President of Meridian's New York Retail Leasing, James Famularo, and director, Kevin Bisconti…

Houlihan passes March 2nd at age 95

Bronxville, NY James Houlihan, a longtime resident of Bronxville and Palm Beach, Fla., passed away on March 2nd, 2019 at the age of 95. He was born in Manhattan in 1923, was the only child of James A. Houlihan and Genevieve McConnell Houlihan. The wake was held on Thursday, March 7

Secret Broker Society team of JAACRES and Mason Alexander Group broker 1,000 s/f for Charleston Shoe

Southampton, NY According to the Secret Broker Society team of Joseph Aquino of JAACRES and Lynn San Andres of The Mason Alexander Group, they have leased 1,000 s/f to the Charleston Shoe Co. for their second store location in the state. The company’s new site is at 12 Jobs Ln. on Long Island.

Executive of the Month: Cadman, VP at Shawmut Design and Construction, delivers elevated client experiences

New York, NY The New York Real Estate Journal recently sat down with Sharon Cadman, vice president at Shawmut Design and Construction, for a question and answer session. NYREJ: How did you get started in the construction industry? Cadman: After many years in Europe as a VP at an…

Fletcher of Greystone Bassuk leads teams to originate $316.965 million in financing

Manhattan, NY Greystone Bassuk, a real estate finance advisory firm, has closed a total of $316.965 million in financing. Two loans totaling $184 million were made to affiliates of the Gotham Organization, Inc. in two separate transactions. The first loan was a $59 million…

Investment Sales: Making a case for why we need the MCI Program - by Michael Weiser

One of the hot-button political issues affecting New York City real estate is the proposal to eliminate landlords’ ability to raise rents on rent-regulated units in buildings that  have received major capital improvements (MCIs). The MCI program incentivizes landlords to improve major building components that enhance quality of life for tenants and recoup…

Bestreich Realty Group completes four sales totaling $6 million

Brooklyn, NY Bestreich Realty Group has completed the following: 351 Grove St.: A three-story multifamily building located in the Bushwick section sold for $1.5 million. This 6-unit property is built 25 ft. x 65 ft. with a 5 ft. x 12 ft. extension, offering 4,905 s/f.

Traub and Benyacov of Westbridge Realty broker $23.8 million sale

Bronx, NY According to Westbridge Realty Group, The Lightstone Group, a privately-held real estate investment company, has purchased a six-story elevator mixed-use building in the Concourse neighborhood for $23.8 million.

Who is the “tax owner” and why it matters in a 1031 exchange - by Pamela Michaels

In a 1031 tax deferred exchange, the same tax owner that sells the relinquished property should  acquire the replacement property. This issue arises frequently in the Northeast as many times the taxpayer does not wish to have the same person or entity on the deed to the replacement property or is not sure who that person or entity should be…

Innovative Solutions relocates to Riverwood Tech Campus–19,000 s/f

Henrietta, NY According to governor Andrew Cuomo, Innovative Solutions has officially marked the company’s move to its new location. T...