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Navillus Contracting reaches $1 million milestone of charitable donations since 2014

New York, NY Navillus Contracting, a NYC-based union construction company, has donated $1.2 million to disaster relief, charities and commun...

Misa of Industry One collaborates with Omstrom of Jones Lang LaSalle in lease to Hi-Tech Wheels

Farmingdale, NY According to Industry One Realty Corp., Mobile Hi-Tech Wheels leased 30,394 s/f of industrial space at 200 Sherwood Ave. ...

Isak of Goldenwood Property Advisors exclusively sells 14,000 s/f in Rego Park

Rego Park, NY Rubin Isak, founding partner of Goldenwood Property Advisors, has exclusively sold 63-68 Austin St., aka 9132-9148 63rd Dr. in an all-cash transaction valued at $6.55 million. The sellers are Alderton Associates, LLC and the purchasers are 63-38 Austin LLC and RW Austin LLC. Isak was the sole broker in the transaction.

Cronheim Mortgage arranges $5 million refinance for Long Island Synagogue

Old Westbury, NY Cronheim Mortgage arranged financing totaling $5 million for the Old Westbury Hebrew Congregation synagogue. OWHC is a Conservative Jewish Synagogue located in Nassau County, Long Island. 

Koeppel Rosen represents the Rosen family in full-floor lease with Knotel at 443 Park Ave. South

Manhattan, NY According to Koeppel Rosen LLC, it has leased the second floor of the Rosen family’s NoMad office building at 443 Park Ave. South to workspace provider, Knotel. David Koeppel and Max Koeppel of Koeppel Rosen, the leasing and managing agent for the Rosen family's Midtown South portfolio, represented the landlord in the 10-year lease for 7,629 s/f. Elie Reiss of Skylight Leasing represented the tenant.  The loft space features high ceilings, hardwood floors and a light-filled, open layout suited to Knotel’s strategy of creating custom flex-work spaces for up to 50 employees.

Outside the Region: Park Assist and Skidata awarded PGS contract for new 3rd St. Ramp project

Rochester, MN The city has awarded Park Assist and Skidata the Parking Guidance System (PGS) contract for the new 3rd St. Ramp construction....

Outside the Region: NKF represents MDC in $23 million sale of Spring St. Innovation Center

New Providence, NJ According to Newmark Knight Frank, (NKF) Mountain Development Corp. has sold Spring St. Innovation Center for $23 million...

Outside the Region: Greystone provides $91.587 million Freddie Mac acquisition loan

Philadelphia, PA Greystone has provided a $91.587 million Freddie Mac loan for the acquisition of Lincoln Green, a 636-unit multifamily prop...

Fordham Real Estate Institute names Executive Advisory Council

New York, NY The Fordham Real Estate Institute (REI) has named its Executive Advisory Council (EAC).  Twenty of real estate’s ...

Question of the Month: Opportunity Zones: What questions did the U.S. Treasury answer on October 19, 2018? - by Dan Flanigan

Like most statutes, the Opportunity Zone (OZ) provisions of the 2017 Tax Cuts and Jobs Act, which have created such excitement in the real estate investment and development world, left many critical issues unresolved and questions unanswered, delegating to the U.S. Treasury the task of grappling with such issues and questions in regulations and rulings.