Zar Property acquires163,000 s/f at 250 West 54th St. from Ascot Properties for $83.1 million; Davidson, Lapidus and Porter of Newmark Grubb Knight Frank are brokers

Manhattan, NY Zar Property NY has closed on its $83.1 million acquisition of 250 West 54th St. building. The 13 story office and retail buil...

Mordekhai of Forest Park Properties facilitates two sales totaling $4.075 million; Includes $2.475 million package of 10 two-family homes purchased by Gotham Beach 84 LLC

Rockaway Beach, NY Raymond Mordekhai of Forest Park Properties Inc. has completed the following sales: • 15-333 Beach 84th St.: Mord...

Houlihan-Parnes Realtors places $17.5 million first mortgage for two-building property totaling 200,000 s/f and 695 parking spaces

Yorktown Heights, NY According to James Houlihan of Houlihan-Parnes Realtors, the firm placed a $17.5 million first mortgage on the property...

Strategies for retailers and real estate professionals in today’s market - by Bernie Kennedy

How it works In its most basic form, a “spinoff” plan would include three steps:  (1) The parent corporation forms a ...

Eastern Consolidated facilitates three Brooklyn sales totaling $9.525 million; includes $4.325 million sale of 10,800 s/f lot by Street

Brooklyn, NY According to Eastern Consolidated, the firm has closed the sale of three properties for a total of $9.525 million in separate t...

Governor Cuomo celebrates completion of 62-unit Owego Gardens: $12.5 million affordable apartment complex project

Owego, NY Governor Andrew Cuomo celebrated the completion of Owego Gardens, a $12.5 million affordable apartment complex for low-income and ...

Public Relations: When the going gets tough - by Harry Zlokower

Harry Zlokower is president of Zlokower Company, a real estate public relations firm, and past president of the New York Chapter of the Publ...

Hakimian of Highcap Group is sole broker in $1.3 million Bronx sale

Bronx, NY Daniel Hakimian, investment sales associate at Highcap Group, has closed the sale of the building located at 240 East Tremont Ave....

Wierzbicki of Pliskin Realty & Development acts for landlord and tenant in three leases totaling 11,200 s/f

Garden City, NY According to Pliskin Realty & Development, sales associate Christopher Wierzbicki completed three retail lease transacti...

Addressing mortgage subordination in ground leases - by Thomas Kearns

Thomas Kearns is a partner with Olshan Frome Wolosky LLP’s real estate department, New York, N.Y. ...