The recent passage of the Inflation Reduction Act (“IRA”) on August 26, 2022 represents unprecedented legislation which, among other things, includes significant investment in renewable energy technologies. The IRA provides tax credits for companies
New York, NY Fordham Real Estate Institute (REI) hosted the “Sustaining the Future of Real Estate” at Fordham University’s Lincoln Center campus Oct. 6, both in-person and virtually. The first panel, “Sustainable Design, Architecture and Construction,” was moderated
New York, NY GFP Real Estate, LLC has closed on a $47 million loan from Chase for the refinancing of 230 Fifth Ave., a 20-story, 465,000 s/f Beaux Arts-style office building located in the Flatiron District.
New York, NY More than 300 members of the commercial real estate and construction industries gathered at 48 Lounge in Midtown Manhattan for the second annual Building Better for the Tunnel 2 Towers Foundation event. Organized by Cresa managing principals James Pirot
Over the last 8 years, taxes increased 61% for a 10 unit building (with 3 rent regulated units) in the Chelsea neighborhood of Manhattan that is managed by Weber Realty. Payroll expenses have jumped for supers and administrators as minimum wage in NYC
Queens, NY Schuckman Realty brokered the sale of a single-tenant net leased Citibank located at 121-11 Liberty Ave., South Richmond Hill. The building which is located on the northeast corner of Liberty Ave. and 121
st St. features
New York, NY GFP Real Estate, LLC signed Lingua Franca NYC Inc., to a short-term lease for 3,437 s/f on the fifth floor of 307 W. 36
th St. in the city’s Garment District
Queens, NY Federation of Organizations currently has a nine-story, 118-unit affordable housing development under construction in Far Rockaway. The property, which will be named the Barbara Faron Residence, is located at 20-50 Nameoke Ave. and is expected to be completed
New York, NY B+E CEO Camille Renshaw is the 2022 Entrepreneurial Spirit Impact Award recipient, as named by CREW New York, a segment of the premier business network dedicated to transforming the commercial real estate industry by advancing women globally.
Bronx, NY Ariel Property Advisors has arranged the sale of a 10-building, 87,899 s/f multifamily portfolio at 818-862 Beck St. in the Longwood section of the borough. The Beck St. portfolio sold for $12.1 million, which translates to $144,047 per unit,
