Queensbury, NY Christopher Farrell and Barry Feinman of Vanguard-Fine, LLC and Ann MacAffer of CBRE, Albany brokered the sale of 176 Quaker Rd. between the buyer Collection Center Property Company, LLC and seller Aldi, Inc. (New York). The purchase price was $1.55 million.
High interest rates, inflation, investors “in limbo,” and turmoil in the banking sector are dominating recent headlines, leading to overall lower transaction volume across New York. However, investors and brokers are resilient and are constantly looking for ways
Manhattan, NY Enterprise Community Partners (Enterprise) closed the Equitable Upward Mobility Fund (EUMF), a $190.2 million Low-Income Housing Tax Credit fund designed specifically to support economic mobility with a focus on racial equity. With commitments from investors
White Plains, NY CBRE brokered the sale of The Source, a 262,000 s/f mixed-use, grocery-anchored property. The CBRE team of Jeffrey Dunne, David Gavin, Steve Bardsley and Travis Langer represented the seller while also procuring the buyer, Hines U.S. Property Partners (HUSPP).
Barry Gosin, the chief executive officer of Newmark Group, Inc., has led the business which operates as Newmark, one of the world’s leading commercial real estate advisory firms, since 1979. Gosin guides the firm’s national and global expansion initiatives and oversees all facets
Lackawanna, NY Local community leaders gathered at 8 Dona St. for a ceremonial ribbon cutting for Uniland’s new distribution and advanced manufacturing facility. Built on “spec”, Uniland has fully leased the 150,000 s/f building and has begun construction on a second
This leadership award, first bestowed in 2003, is presented to REBNY members who have displayed exceptional service to the real estate industry and professional accomplishments over the course of distinguished careers.
Clarion Partners has announced a series of upgrades and improvements at 114 W 41st St. off Bryant Park. The renovations are intended to create more sophisticated, modern, and functional common areas and amenity
Brooklyn, NY Invictus Property Advisors (“Invictus”) and Stav Equities (“Stav”) have completed the sale of a block-through development site on 48 Somers St. for $3.75 million. The property, located within an Opportunity Zone and eligible for the 421A Tax Abatement (421A), attracted a significant amount of interest from developers looking to build rental product and comply with 421A by completing construction by June 15,
Manhattan, NY Elizabeth Crowley, a former New York City Council member, will succeed Lou Coletti as president and CEO of the Building Trades Employers Association (BTEA). Crowley, who worked as a union restorative painter on prized landmarks before serving in the Council,
The Real Estate Board of New York (REBNY) last night hosted more than 1,000 leaders of real estate, business and government at the REBNY Annual – the premier networking event for New York City’s real estate industry
I got started in real estate investing in my early 20s when I purchased my first rental property. At the time, my main goal was to save money and build wealth by investing in a tangible asset that I could see and touch. I saw real estate as a way to create