Category: Brokerage

New multi-family development continues to evaporate as State Legislative session nears conclusion

New multi-family development continues to evaporate as State Legislative session nears conclusion

May 16, 2023
The Real Estate Board of New York (REBNY) released its April 2023 Multi-Family Foundation Plan Application Report. This monthly report reviews applications for residential building foundations submitted by developers to the NYC Department of Buildings (DOB), providing a helpful
A new era for mental health in the workplace - by Les Hiscoe

A new era for mental health in the workplace - by Les Hiscoe

May 16, 2023
We are in a new, much-needed era for prioritizing mental health at work. Businesses only perform as well as their employees, and nearly one-fifth of U.S. workers rate their mental health as fair or poor. Leaders across industries must be in lockstep with this paradigm shift to create an effective, supportive mental
Simone of Concourse Realty Partners arranges $7 million sale of 13,000 s/f building

Simone of Concourse Realty Partners arranges $7 million sale of 13,000 s/f building

May 16, 2023
Bronx, NY David Simone of Concourse Realty Partners arranged the sale of 200 East 167th St. in the Bronx for $7 million. The 13,000 s/f building consists of 5 commercial spaces and sold for a 5.5% cap rate
DOS indicates it will audit licensees and their use of corporate titles - by Anthony Gatto & Liz Celeone

DOS indicates it will audit licensees and their use of corporate titles - by Anthony Gatto & Liz Cel...

May 16, 2023
Recently, the Department of State (DOS) indicated it would be auditing licensees and their use of corporate titles. The DOS issued two opinions prohibiting the use of corporate titles by associate brokers and salespersons. There is no exception merely because the licensee practices commercial real estate or is a member of team. These (opinions) prohibit a real estate salesperson from holding voting stock or being
Benefits of NYSCAR Membership - by Ira Zucker

Benefits of NYSCAR Membership - by Ira Zucker

May 16, 2023
Advocacy at the State CapitolNYSCAR is passionate about the laws that affect all of us, on local, state and national levels. Our affiliations with NYSAR and NAR give us a voice in opposing legislation that would hurt our industry as well as in supporting positive legislation. This political “watch dog” function
New York Real Estate Education Changes/Requirements by Licensing Law - by Edward Smith

New York Real Estate Education Changes/Requirements by Licensing Law - by Edward Smith

May 16, 2023
Prior to July 1, 2021, if you were a Real Estate Broker for 15 years or more you were exempt from taking Continuing Education courses, known as being “Grandfathered”. As of July 1, 2021, Grandfathering ended and all real estate licensees must take 22
PH Realty Capital & Rockledge purchase 53,815 s/f building for $11.35 million

PH Realty Capital & Rockledge purchase 53,815 s/f building for $11.35 million

May 16, 2023
In partnership with Peter Hungerford of PH Realty Capital, David Kaye and Joe Listhaus of Rockledge purchased 401 and 405 Edgecombe Ave. The purchase includes two contiguous walk-up buildings
Why promotional products work - by Carlton Cooper

Why promotional products work - by Carlton Cooper

May 16, 2023
Promotional products, also known as advertising specialties, are an effective marketing tool because they generate goodwill, increase brand recognition, and create a lasting impression on customers. Promotional merchandise is any item branded with a logo or message that is gifted to promote a brand, product, service, or message. 
Matheos Realty closes sale on two properties <br> for $4 million totaling 25,240 s/f

Matheos Realty closes sale on two properties
for $4 million totaling 25,240 s/f

April 25, 2023
Brooklyn, NY Matheos Realty Group has closed the sale of two multifamily properties in East Flatbush for $4 million. The properties, located at 795 Linden Blvd. and 229 East 52nd St., were sold to a private real estate
JLL’s Hotels & Hospitality Group closes joint venture sale of 525 Lexington Avenue - 35-story, 655-key hotel

JLL’s Hotels & Hospitality Group closes joint venture sale of 525 Lexington Avenue - 35-story, 655...

April 25, 2023
Manhattan, NY JLL’s Hotels & Hospitality Group has closed the sale of 525 Lexington Ave., a 35-story, 655-key, full-service hotel. The parties have agreed to not disclose the purchase price.
CBRE completes $40 million sale of Medical <br> Offices at Chappaqua Crossing - 490,000 s/f

CBRE completes $40 million sale of Medical
Offices at Chappaqua Crossing - 490,000 s/f

April 25, 2023
Chappaqua, NY CBRE represented the $40 million sale of the Medical Offices at Chappaqua Crossing, a 490,000 s/f medical office property in Westchester County. The CBRE team of Jeffrey Dunne, David Gavin, Steve Bardsley and Travis Langer represented the seller,
Rosenberg & Estis, P.C names Cohen new head <br> of the firm’s appellate litigation department

Rosenberg & Estis, P.C names Cohen new head
of the firm’s appellate litigation department

April 25, 2023
Manhattan, NY Rosenberg & Estis, P.C. (R&E) has named member Ethan Cohen as the new head of the firm’s appellate litigation department. Cohen succeeds Jeffrey Turkel, who is now special counsel. R&E founding member Gary Rosenberg