Spotlights

Northern Manhattan's multifamily market made big strides in 2011

The multifamily asset class continues to dominate investor interest in Northern Manhattan, accounting for 80% of the commercial real estate ...

When going sideways is a good thing: Stable office leasing market in New York

Two years out from what could have been a depression, we find ourselves in a stable office leasing market where some sections of the Manhatt...

KDA completes $16.425 million sale of 135,000 s/f complex

Kalmon Dolgin Affiliates, Inc. (KDA) has arranged the sale of a 135,000 s/f mixed-use complex at 118 North 11th St. in the Williamsburg sect...

Goldflam and Ferrara of Highcap broker $22.25 million sale; Brady of Town Real Estate reps seller

Josh Goldflam, managing principal of Highcap Group along with associate Michael Ferrara, brokered the sale of 133 Mulberry St. located in th...

Pollack of Meridian arranges $28 million for 60,000 s/f Flushing office building; Placed on behalf of Pi Capital Group at 136-21 Roosevelt Avenue

Meridian Capital Group, LLC negotiated $28 million in financing for a recently modernized office building in the Flushing section on behalf ...

Executive of the Month: Guarino, managing partner of ERG Property Advisors: Words of wisdom - "Know your market"; recent accomplishment: defaulted loan sale of the Korea Village Mall, Flushing

Richard Guarino is the co-founder and managing director of ERG Property Advisors, a company he founded with his older brother Jim Guarino, J...

Antebi and Shragaei of GFI handle $1.05 million sale

GFI Realty Services Inc. has completed the sale of 1700 Mahan Ave., a.k.a. 3101 Roberts Ave., a listing in the Pelham Bay section, for $1.05...

Shkury, Hirschfield, Tortorici and Sozio of Ariel Property closes on 135-unit Bronx note portfolio

Ariel Property Advisors has closed on a package of notes consisting of three South Bronx multifamily buildings featuring 134 residential uni...

Knakal and Palmese of Massey Knakal broker $7.1 million sale; for five-story, elevatored multifamily property

A multifamily building at 50 Orange St. was sold in an all-cash transaction valued at $7.1 million. The property has been owned by The Watch...

DelShah sells commercial space at 31-32 Union Street to Queens Borough Public Library for $3.5 million

According Marc Watkins, executive vice president of DelShah Capital, LLC, the Queens Borough Public Library has bought the seven street-leve...