Marketing trends in a period of uncertainty - by Kimberly Zar

America is holding on tight for a year of unpredictable change. Market uncertainty, global events and political shifts could influence the commercial real estate industry dramatically. During this time, it’s important to maintain a marketing strategy that helps your business not only stay afloat but also thrive in 2023.

Elmo Realty celebrates 30-year anniversary

Bronx, NY According to Moujan Vahdat, CEO of Elmo Realty Co., one of the largest landowners in the state, the company is celebrating their 30-year anniversary of their corporate mandate for alleviating the homeless crisis in the city.

Ferrara and Leonhardt of Brax Realty sell $10.37m dev. site

Long Island City, NY Michael Ferrara, managing principal of Brax Realty and Cole Kinney Leonhardt, investment sales associate of Brax Realty negotiated the closing of 23-17 41^st Ave. for $10.37 million.

Slate Property and PCCP acquire 123 East 54th St. for $37.7 million

Manhattan, NY Slate Property Group and PCCP, LLC acquired 123 East 54^th St., a mixed-use property located in Midtown East between Park and Lexington Aves., for $37.7 million.

Polsky joins GTL as CFO

White Plains, NY Gary Polsky has joined GTL Construction as their new chief financial officer (CFO). He will be responsible for the oversight of day-to-day accounting and financial operations as well as creating budgets and forecasts and other special projects.

Joseph Kelleher, 70, of Hutch Management passed away

Katonah, NY Joseph Kelleher passed away at the age of 70 at home surrounded by his wife and two children on Friday, November 25, 2022. The cause of death was Glioblastoma, an aggressive brain cancer. He was diagnosed in May 2022.

Cosentino and Norris of TerraCRG sell 7,600 s/f mixed-use - $4.4m

Brooklyn, NY TerraCRG has closed on the $4.4 million sale of 5102 5^th Ave. in Sunset Park. TerraCRG partner Matt Cosentino and senior associate Rémi Norris exclusively represented the seller on the deal.

Gilco Realty negotiates several Bronx leases

Bronx, NY After only joining Gilco Realty less than one month prior, Juan Velez has leased out two stores. The first was 3012 Bailey Ave. to a beauty salon.

MRA and Angelo Gordon purchase 135,000 s/f industrial for $28.3m

Ronkonkoma, NY Metropolitan Realty Associates (MRA) in partnership with Angelo Gordon, have acquired two industrial properties for $28.3 million. The properties–located at 195 13^th Ave. and 2175 5^th Ave.–are both single-tenant, single-story industrial assets and have a combined square footage of 135,000 s/f.

Perfetto of Cohen & Perfetto LLP honored

Manhattan, NY Since 2013, Louis Perfetto, the managing partner at Cohen & Perfetto LLP, has been selected by his peers for inclusion in the 29^th edition of The Best Lawyers in America list.