Front Section

Darouvar and Oskar of Venture Capital Properties close East Harlem development site sale – $9.6 million

Manhattan, NY Kevin Darouvar and Roy Oskar of Venture Capital Properties represented both parties in the $9.6 million sale of a 60,000 s/f development site in East Harlem.  The buyers, Certes Partners and Hakimian Organization, acquired

TerraCRG executes 11,226 s/f lease with Datacubed in Brooklyn; Stahl Organization is landlord

Brooklyn, NY TerraCRG completed an 11,226 s/f lease at 384 Bridge St., downtown. The tenant, Datacubed Health, a patient engagement and data collection company, signed a

Wilder Balter Partners break ground for $50.8 million development in Peekskill: 645 Main

Peekskill, NY On September 9th, 645 Main, a new $50.8 million mixed income residential development by Wilder Balter Partners, officially broke ground, supporting the city’s commitment to future growth and the redevelopment of its downtown. Joining Bill Balter, president, Wilder Balter Partners

Yellowstone injunctions in the era of COVID-19 - by Josh Sohn, Daniel Lewkowicz and Kerry Cooperman

The economic devastation wrought by COVID-19 has profoundly disrupted landlord-tenant relations across New York State. Thousands of businesses that were thriving just eight months ago have been forced to close permanently. Many commercial tenants bound by long-term leases, often

Norman Bobrow and Co. brokers 11,137 s/f lease for Atelier Ten USA; Samco Properties is landlord

Manhattan, NY Atelier Ten USA is doubling its space with a new 11,137 s/f office space at 104 West 29th St. in Chelsea. The international environmental design firm signed a 10-year, full-floor lease for

Just how much has COVID changed us? - by Joe Aquino

I believe we have 18 more months of this pandemic. The word is that the vaccine should be out soon and that it will take nine months of distribution to reach everyone. Nine months. While that’s certainly music to our ears and sounds optimistic, what if they are wrong?

Asset Preservation to offer webinar series for attorneys, CPAs and all real estate professionals

Asset Preservation, Inc. is again offering a series of webinars for attorneys, CPAs and all real estate professionals. The free webinars will take place during the month of October, and will cover 1031 principles, parking arrangements,

Topaz Capital Group acquires 216-unit multifamily property

Jacksonville, FL New York City-based Topaz Capital Group LLC has acquired its third multifamily property in the area with the closing of the 216-unit Planters Walk Apartments in Duclay submarket. The deal was brokered in an off-market transaction by

Wiesenberg and Caruso of CBRE act for Stillman Management Realty in 12,900 s/f lease

Harrison, NY CBRE arranged a 12,900 s/f lease for Stillman Management Realty at 440 Mamaroneck Ave. The property management firm, which was established following Garthchester Realty’s acquisition of Stillman Property Management, renewed its

Ground leased hotels - by Thomas Kearns

Because of my firm’s extensive ground lease practice, I have been involved in several default scenarios since the Coronavirus first started to affect New York City hotels. First, it’s important to remember that the city’s hotel market had been