Category: Brokerage
IRA promotes development of battery energy storage systems and other green technologies - by Judy Si...
October 11, 2022
The recent passage of the Inflation Reduction Act (“IRA”) on August 26, 2022 represents unprecedented legislation which, among other things, includes significant investment in renewable energy technologies. The IRA provides tax credits for companies
Fordham University hosts “Sustaining the Future of Real Estate”
October 11, 2022
New York, NY Fordham Real Estate Institute (REI) hosted the “Sustaining the Future of Real Estate” at Fordham University’s Lincoln Center campus Oct. 6, both in-person and virtually. The first panel, “Sustainable Design, Architecture and Construction,” was moderated
GFP Real Estate closes on $47 million refinance for 230 Fifth Ave. from Chase
October 11, 2022
New York, NY GFP Real Estate, LLC has closed on a $47 million loan from Chase for the refinancing of 230 Fifth Ave., a 20-story, 465,000 s/f Beaux Arts-style office building located in the Flatiron District.
Cresa NY organizes second annual Building Better for Tunnel 2 Towers Foundation; raises $150,000
October 11, 2022
New York, NY More than 300 members of the commercial real estate and construction industries gathered at 48 Lounge in Midtown Manhattan for the second annual Building Better for the Tunnel 2 Towers Foundation event. Organized by Cresa managing principals James Pirot
Phillips of Largo Real Estate Advisors arranges two refinances - $66.2 million
October 11, 2022
Amherst, NY Jack Phillips, MBA, principal at Largo Real Estate Advisors, arranged refinancing for two Upstate properties. Phillips secured $23 million to refinance a pair of medical office buildings. The buildings are 100% occupied
Axiom Capital funds loans for two retail centers - for total sale price of $24.82 million
October 11, 2022
East Greenbush, NY Axiom Capital Corp. has structured and arranged $24.82 million in permanent loans for two retail properties. Axiom Capital Corp. has structured and arranged a $11.62 million permanent loan (10-year loan, fixed rate
Housing has costs, and those costs rise - by Aaron Weber
October 11, 2022
Over the last 8 years, taxes increased 61% for a 10 unit building (with 3 rent regulated units) in the Chelsea neighborhood of Manhattan that is managed by Weber Realty. Payroll expenses have jumped for supers and administrators as minimum wage in NYC
October 2022 message from the president of NYSCAR - by Dana Crocker
October 11, 2022
The 2023 budget was approved and reports were heard from the committee chairs. RPAC chair Mike Johnson reported that NYSCAR reached 176% of their RPAC goal this year! He thanked everyone for contributing. Strat Planning chairman Joseph Rowley, Jr., updated the board regarding
Greater Binghamton Chamber of Commerce creates strategic office of Placemaking Initiatives
October 11, 2022
Binghamton, NY According to representatives from the Greater Binghamton Chamber of Commerce, the chamber has created a strategic new position with the office of Placemaking Initiatives.
Nave and Lewis of Sutton Real Estate lease 3,700 s/f in Syracuse
October 11, 2022
Syracuse, NY Kristen Nave and Ben Lewis of Sutton Real Estate Company, LLC. represented the landlord in a
3,700 s/f long-term lease of a third floor office to retail conversion space at 301 West Fayette St. in Armory Sq.
Bonacio renovating Word of Life Inn & Family Lodge
October 11, 2022
Schroon Lake, NY Bonacio Construction is renovating the Word of Life Inn & Family Lodge in Schroon Lake. Spring City Development Group is working with the project owners, Sonny and Julie Bonacio, Andrea Crisafulli, and Alan Ayers,
TAYLOR awarded contract for Tesla facility
October 11, 2022
Henrietta, NY TAYLOR has been awarded the construction contract for the new Tesla service, education, and vehicle display center. TAYLOR is teaming with Rochester Motors NY LLC, a joint venture of Truett Realty Group (TRG) and JBL Development, for a conversion
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