Category: Brokerage
Adaptive reuse for affordable housing in our current market - by William Gati
November 22, 2022
The real estate industry throughout the country faces difficulty in many areas: higher mortgage rates, high inflation, and down trending stock market. The economy seems to be getting worse for professionals in our industry. With mortgage rates hitting 7% this week, we all have to earn and spend more to make developments
Simone Development renews 22,700 s/f of leases at Hutchinson Metro Center
November 22, 2022
Bronx, NY According to Simone Development Companies, Shein Orthopaedics and law firm Peña & Kahn have both signed expansion and renewal leases at the firm’s Tower One at the Hutchinson Metro Center at 1250 Waters Place. Ownership was represented by Josh Gopan, Simone’s vice
Retail rebounds in SoHo and Nolita - by Joseph Aquino
November 22, 2022
If you walk through SoHo and Nolita these days, and observe the foot-traffic and the storefronts, you might ask, “What COVID?” The daily traffic has doubled compared to pre-COVID-19 levels and a whole new lineup of tenants has arrived in the past year. This reinforces my long-held theory, “If the property
Standard Communities launches three new business lines
November 22, 2022
Washington, D.C. Standard Communities has established three new, diversified business lines to build on its success of providing sustainable housing. The three dedicated business lines—acquisition/redevelopment, new construction and essential housing—will leverage and align the strengths
Excess Business Loss limitation – Effective for 2021- By Sandy Klein
November 22, 2022
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.
Discussing renovations of condo units – understand the basics beforehand - by C. Jaye Berger
November 22, 2022
Many of the new residential buildings which have been constructed in recent years are condominiums. Given that fact, it is increasingly important for anyone thinking of buying a condominium unit and for anyone already living in a condominium to understand the unique aspects of the make up of a condominium association before embarking
Three magical words - by Rod Santomassimo
November 22, 2022
Earlier last month I was getting ready for the biggest professional event of my 40+ year career. I had been working every day, for the prior six months on developing a dream CRE brokerage event, we called “MassimoCon”. My goal was to make it the greatest conference in the brokerage industry
Landlords that foresee how emerging metaverse technology will change the demand for CRE should outpe...
November 22, 2022
The Metaverse is defined as “a virtual reality space in which users can interact with an environment generated by computer and with other users” by the Oxford Advanced Learner’s Dictionary. Most of us in the commercial real estate business have been operating in the metaverse for decades without even realizing it.
Deferring capital gains from the sale of appreciated investment properties - by Michael Packman
November 22, 2022
When investing in real estate, the key is to buy a property well and then sell it for a profit at some point in the future. Many investors know they may be able to utilize Internal Revenue Code Section 1031 and exchange their property for a replacement property and defer their capital gains. This has been one of the
Gil and Kaufman of C&W secure $142.9 million construction financing
November 22, 2022
Brooklyn, NY Cushman & Wakefield served as the exclusive advisor to Senlac Ridge Partners and The William Macklowe Company in the procurement of $142.9 million in construction financing for a mixed-use development project located at 120 Fifth Ave. in Park Slope.
Raise Commercial and Newmark lease 12,159 s/f
November 22, 2022
Manhattan, NY Raise Commercial Real Estate has signed a five-year, 12,159 s/f lease with Leap at 99 Hudson St. in Tribeca. Leap’s new space will serve as the company’s New York City headquarters.
Watkins and Algarin of The Oak & Avery Group broker four Westchester sales - $6.16 million
November 22, 2022
White Plains, NY The Oak & Avery Group negotiated the sale of four Westchester County properties totaling $6.16 million. • 54-60 Russell St., White Plains, a 15-unit mixed-use assemblage purchased by a NYC-based firm, Russell Portfolio LLC, for
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