Category: Brokerage
Broome County IDA named lead agency for Broome Technology Park SEQRA review
May 28, 2024
Union, NY The Broome County Industrial Development Agency said that the New York State Department of Environmental Conservation has designated the IDA as the lead agency for a New York State Environmental Quality Review (SEQRA) environmental impact assessment of
Perlman of Largo Real Estate secures $4. 5million first mortgage to refinance mixed-use property
May 28, 2024
Depew, NY Ned Perlman, vice president of originations at Largo Real Estate Advisors, Inc. secured a $4.5 million permanent first mortgage to refinance a mixed-use property. Perlman placed the loan with one of Largo’s correspondent life insurance companies and features a
Bayport Funding provides $2.2 million loan for multifamily property
May 28, 2024
Brooklyn, NY Bayport Funding has closed a $2.2 million acquisition and construction loan for the redevelopment of a two-family home into a five-unit multifamily property. The 4,158 s/f building, originally constructed in 1899, is located on Putnam Ave.
Rand Commercial sells Church of St. Ann and School property to The Westchester School for Special Ch...
May 28, 2024
Yonkers, NY The Church of St. Ann and School at 40 Brewster and 56 Dunston Aves. was sold to The Westchester School for Special Children. The 1.15-acre site, located in the Dunwoodie neighborhood, is improved with three buildings: an elementary school, a former
Subchapter V bankruptcy filings for multi property real estate - by Thomas Kearns
May 28, 2024
I have long been a proponent of using bankruptcy laws to workout distressed real estate. Bankruptcy courts are much faster than New York State courts are at ordering properties sold and the statutory system is more effective in resolving all open claims. Bankruptcy filings get a bad
Torch & Crown Beer Garden returns to Union Square Park
May 28, 2024
Manhattan, NY According to Torch & Crown Brewing Co. and Union Square Partnership (USP), Torch & Crown Beer Garden has returned for the 2024 season. Last year, the seasonal beer garden debuted in the popular Union Square Park Pavilion, marking the
Newmark and Cushman & Wakefield lease 11,000 s/f to Venerable at One World Trade Center
May 28, 2024
Manhattan, NY According to The Durst Organization and The Port Authority of New York and New Jersey, Venerable, an insurance and annuity company, has signed a lease for 11,000 s/f on the 49th floor of One World Trade Center.
Rudin leases 5,521 s/f at 355 Lexington Ave. to Lindamood-Bell
May 28, 2024
Manhattan, NY Rudin completed a 5,521 s/f lease with educational specialist Lindamood-Bell at 355 Lexington Ave. in Midtown’s Grand Central district. Lauren Schott and Gary Kamenetsky of CBRE represented Lindamood-Bell.
Dello Russo Laser Vision inks 3,000 s/f retail lease at Simone Development’s 71 Nardozzi Place
May 28, 2024
New Rochelle, NY Simone Development Companies made known that Dello Russo Laser Vision has signed a lease for 3,000 s/f of retail space at 71 Nardozzi Pl. Dello Russo Laser Vision joins LA Fitness, My Salon Suite and PXG (Parsons Xtreme Golf) in the complex
WX New York Women Executives in Real Estate names DaSilva of PIMCO Prime Real Estate 2024 Woman of t...
May 28, 2024
Manhattan, NY WX New York Women Executives in Real Estate (WX) will honor its 2024 Woman of the Year, Peggy DaSilva, on October 10, at The Plaza. DaSilva has distinguished herself as a leading figure in the U.S. real estate sector, through her asset management
IREON Insights: Issues with heating oil tank conversions in New York - by Scott Yanuck and Nicholas ...
May 28, 2024
Starting in 2011, New York City Department of Environmental Protection began passing laws banning the use of No. 4 and No. 6 heating oil in New York City (NYC), phasing out the use altogether by 2030. As a result, building owners and managers find themselves having to decide how to keep
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