Fordham Real Estate Institute hosts U.S. representative Torres; led by Freedman of Brown Harris Stevens in discussing “Housing the Next Generation”

Manhattan, NY The Fordham Real Estate Institute (REI) hosted U.S. representative Ritchie Torres, at its Lincoln Center campus for a conversation about affordable housing in New York City, led by Bess Freedman, CEO of Brown Harris Stevens (BHS) and member

MAG Partners signs 23,000 s/f lease with grocery operator Lidl at Penn South

Manhattan, NY MAG Partners and Lidl US negotiated a lease for a 23,000 s/f grocery store at 335 Eighth Ave., a mixed-income apartment building being developed within the Penn South campus, an affordable housing cooperative located in the Chelsea

Marx Realty signs Helix Partners Management to 7,000 s/f at 545 Madison

Manhattan, NY Marx Realty (MNPP) said that Helix Partners Management has signed a five-year, 7,000 s/f lease on the 8^th floor at 545 Madison. The firm is relocating from 399 Park Ave.

Rosenberg & Estis negotiates deal for Revel relocation to 7,000 s/f at 275 South 5th St.

Brooklyn, NY Rosenberg & Estis, P.C. represented Charney Companies and Tavros Capital in a lease agreement with electric vehicle company, Revel, to relocate its corporate headquarters and install an electric vehicle supercharging

Cosentino, Norris, and Zimin of TerraCRG sell four buildings for $13.5 million

Brooklyn, NY TerraCRG said that partner Matthew Cosentino has closed on four commercial buildings totaling $13.5 million over the last thirty days. Cosentino and his sales team, including senior associate Rémi Norris

Delancey Street Associates signs lease with Queen of Queens at Essex Crossing

Manhattan, NY Delancey Street Associates, a joint venture of Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group, and the Urban Investment Group within Goldman Sachs Asset Management,

Levin Management secures PGA TOUR Superstore at Mayfair Shopping Center

Commack, NY PGA TOUR Superstore – the country’s leading specialty retailer for golf and tennis – is continuing its regional expansion with a new location at Mayfair Shopping Center. Commercial real estate services firm Levin

Understanding the 485-b tax exemption when planning construction or improvements - by Julia Lee

Commercial property owners often need to invest in building improvements to attract and maintain tenants. This cost is exacerbated by the inevitable increase in taxes due to physical change. Fortunately, the State of New York offers

Guaranty law held unconstitutional - by Thomas Kearns and Joseph Weiner

On March 31, 2023, in Melendez v. City of New York, the Southern District of New York declared N.Y.C. Admin. Code § 22-1005 unconstitutional. That COVID-era law – enacted in May 2020 – rendered personal guaranties for certain kinds

Walker & Dunlop arranges $81.7 million financing and equity for development of multifamily properties

Bronx, NY Walker & Dunlop has completed $50.8 million in financing and $30.9 million in LP equity for the development of three affordable, multifamily properties at 2710 Creston Ave., 2250 Aqueduct Ave. and 1751 Monroe Ave.