Spotlights

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...

Engineering challenges for building diagnostic outpatient facilities

As the healthcare industry evaluates the ultimate impact of the Obama Health Care Plan, medical entrepreneurs see opportunities to build and...

Altschul and Condren of CPEX broker three leases - 9,350 s/f

The CPEX Retail Leasing Team of Eric Altschul and Ryan Condren closed out 2011 with three leases totaling 9,350 s/f: one in Manhattan, one i...

2011 Brooklyn review: An overview of major deals within the borough

The Nets are coming! The Nets are coming! With the Barclays Center soaring from the ground and with the corporate team signing a lease for 3...

Equity intervenes to salvage a commercial tenant's untimely exercise of an option to renew

The ever evolving concept of equity plays an important role in our judicial system. Equitable remedies are crafted by courts of equity to sh...

Efrati of Entrepreneur Properties completes $1.38 million sale

Entrepreneur Properties has sold 130 Nassau Ave. for $1.38 million. This mixed- use building is located in the Greenpoint neighborhood and i...