Front Section

The coronavirus pandemic and its impact on the CRE market by Marjorie Peerce and Brian Schulman

The coronavirus pandemic has caused a lot of confusion, but even in the midst of great uncertainty, one thing is clear: The commercial real estate market is looking at a turbulent time up ahead. Economists don’t agree on whether we’re in for a short-but-painful economic dip or a

Eagerly awaiting a Covid-19 extension for 1031 Exchanges - by Todd Pajonas, Matthew Scheriff and James Walther of Legal 1031 Exchange Services, LLC

A 1031 exchange is a tax strategy used by real estate investors to defer capital gains tax recognized upon the sale of real estate. In order to successfully complete a 1031 exchange,

NKF completes 99-year leasehold for L+M Development Partners

Brooklyn, NY Newmark Knight Frank (NKF) completed the sale of a 99-year leasehold interest at 250 Utica Ave., on behalf of the seller, L+M Development Partners. The $13.925 million sale of a 99-year leasehold interest at 250 Utica Ave., on behalf of

Bestreich Realty Group handles $1.5 million sale of Brooklyn development site

Brooklyn, NY Bestreich Realty Group (BRG) completed the sale of 2911 Albermarle Rd. in the  Flatbush neighborhood for $1.5 million. This development site is located between Rogers and Nostrand Aves. The property offers

Harlem condos sell at 2600 Adam Clayton Powell Jr.; distinguished building convenient to subway and schools

Harlem has, in past decades, been a hip and "in" place to call home. Just ask former President Bill Clinton whose office is on 125th street. The area has become up and

Cooper Horowitz holds 55th annual reception

New York, NY Cooper Horowitz celebrated its 55th annual reception at Brasserie 8 1/2. The event was attended by over 1,000 borrowers and lenders from across the country.

Dunne, Neuer, Pride, Bardsley, Gavin and Apfel of CBRE broker $232.5 million sale of 915-unit Patchogue property

Patchogue, NY The CBRE team of Jeffrey Dunne, Jeremy Neuer, Gene Pride, Steven Bardsley, David Gavin and Eric Apfel completed the sale of La Bonne Vie, a 915-apartment community in Patchogue, N.Y. for a total consideration of $232.5 million

Ariel Property Advisors sells Bronx property for $2.8 million

Bronx, NY Ariel Property Advisors completed the sale of 305 East 182nd St. The four-story, 36,000 s/f parking facility in the

Colliers Project Leaders | USA participate in Anchin forum

Manhattan, NY Colliers Project Leaders | USA participated in Anchin’s industry-leading forum, “Future Forward 2020: What’s Next for New York Real Estate and Construction” on February 4th at the Sheraton New York Times Square Hotel.

Rosewood Realty Group closes $16.69 million development site sale

Brooklyn, NY Rosewood  Realty Group completed the $16.69 million sale of a 130,000 s/f development site in the Bushwick neighborhood. The property at 1333 Broadway and Linden St. is