Category: Brokerage
LLC interest forfeiture is disfavored - by Thomas Kearns
July 30, 2024
Under New York law an LLC member’s interest may not be forfeited for a zero or near zero price if the member fails to make a required capital call. New York courts have repeatedly upheld this concept. Cases denying forfeiture include Atlantis v. Nabe ($1 buyout is a
REBNY announces new government affairs and communications department leads
July 30, 2024
Manhattan, NY According to The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, two new leaders will lead its government affairs and communications departments. Aravella Simotas joins as senior vice president
New Release: 'Back Of The Napkin' by Philip A. Okun Offers Insights for Real Estate Success
July 30, 2024
Inspired by the Laffer curve drawn in 1974 to demonstrate the logic for tax cuts, this book takes the same approach to commercial real estate. Drawing on Okun’s 40+ years’ experience in all aspects
Rosewood Realty Group brokers Upper West Side multifamily property for $2.5 million
July 30, 2024
Manhattan, NY Rosewood Realty Group has completed the sale of an eight-unit multifamily property located at 313 West 92nd St. in the Upper West Side for $2.5 million
JRM Construction Management completes new flagship store for HOKA
July 30, 2024
Manhattan, NY JRM Construction Management has completed the new flagship store for HOKA, a leader in performance footwear. This innovative retail project, located in a shopping district, has been constructed in accordance with LEED standards, emphasizing sustainability
JRM Construction shines on "Military Makeover: Operation Career" airing on Lifetime TV
July 30, 2024
Manhattan, NY JRM announced their first-time collaboration with the acclaimed TV series, "Military Makeover: Operation Career," which airs on Lifetime TV and the American Forces Network. The episode is also available online at JRMCM.com
Downing of Largo Capital secures a $12 million construction loan
July 30, 2024
Orlando, FL Max Downing, originator at Largo Capital, Inc. secured a $12 million construction loan to finance the ground-up development of a 109-room Everhome SuitesTM, an extended
Town Title Agency sets date for ninth annual golf outing
July 30, 2024
Paramus, NJ Town Title Agency has set a date for the Ninth Annual Town Title Golf Outing, presented by the Town Title Foundation, scheduled for Monday, September 30, 2024. This event
Cohen closes 14-unit ground up construction
July 30, 2024
Ridgewood, NY According to Refined, Peter Cohen closed a 14-unit ground up condo construction loan. The transaction featured a 65% LTV, SOFR + 650
Rose Associates names two new managing directors
July 30, 2024
Manhattan, NY Rose Associates, Inc., the New York-based multifamily real estate developer and manager, has recently appointed two individuals to the role of managing director. Alex Chin
Cowing of C&W/Pyramid Brokerage Co. Buffalo brokers sale of 129,344 s/f industrial facility
July 16, 2024
Cheektowaga, NY 1370 William Street Property LLC has purchased 3500 Genesee St., from Niagara Chocolates Inc. for $6.5 million. The 129,344 s/f industrial warehouse building is on 8.6 acres.
Phillips of Largo Real Estate arranges
$6.3m first mortgage
July 16, 2024
Buffalo, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., has secured a $6.3 million permanent first mortgage to refinance two multi-tenanted industrial buildings. Both are located near the Buffalo Niagara International Airport
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