Category: New York City

On January 1, 2024, the Corporate Transparency Act (CTA) went into effect. The CTA requires businesses, including real estate businesses, to file a Beneficial Ownership Information (BOI) Reports with the US Department of Treasury’s Financial Crimes Enforcement Network

Brooklyn, NY Industry City, the 35-acre innovation hub on the waterfront, made known that Aanika Biosciences is opening its 27,087 s/f location at the campus. The new space provides additional offices for Aanika Biosciences’

Manhattan, NY Jamestown celebrated the topping out of the redevelopment of One Times Sq., home to the historic New Year’s Eve Ball Drop. The $500 million redevelopment will transform the 119-year-old building into a

Brooklyn, NY Totem, a real estate development firm specializing in innovative design and community-driven projects, marked the next milestone in its plan to transform a privately-owned 94,000 s/f site at Broadway Junction

Uncertainty and concerns about the New York commercial real estate market abound. Office vacancy rates are at close-to if not at all-time highs. The pandemic-induced work-from-home mode has become the new reality and interest rates have seen a steep surge to levels not seen in many years. Each of these situations alone is a challenge but together

The “R” word (recession) is back in vogue. The current economic climate marked by rising interest rates, bank failures and consequential stricter lending standards, is putting a damper on economic activity. Economic downturns have a direct correlation with debt servicing. This article takes

Bronx, NY Urban Edge Properties (NYSE:UE) announced that it has signed almost 60,000 s/f in new leases at Bruckner Commons, introducing high-demand concepts to the area to open in the next 12 months. Aldi (21,976 s/f) and Lot Less (15,082 s/f) bring important value/essential retail, while Buffalo Wild Wings Go (1,666 s/f) will introduce a new to-go-only concept highlighting their most popular menu items in a to-go format. Also at the street level

Manhattan, NY Ken Schirripa, an industry veteran with more than 25 years of expertise in technology, infrastructure engineering, and construction management, has joined Rock Brook.

Brooklyn, NY A&E Real Estate today has finalized the acquisition of 14 multifamily buildings in the city’s Gravesend and Sheepshead Bay neighborhoods. A&E acquired the portfolio, which encompasses 1,212 apartments, 306 parking spaces and five commercial units, from The LeFrak Organization for $248.7 million.

We have always heard that in life the only two things for certain are death and taxes. This may be true but the more accurate point regarding taxes is that there is constant change. In this article we will focus on a change impacting many and is now effective. The change involves the Excess Business Loss (EBL) limitation.

Manhattan, NY Real estate investment and management firm Jamestown unveiled the $500 million redevelopment of One Times Sq.

New York, NY BOMA New York’s April Monthly Forum, “New York City Parking Garage Inspections – Local Law 126 of 2021 – New Requirements and