Category: Brokerage
Rodriguez of Rodriguez Commercial Realty is sole broker for $1.18 million deal
April 6, 2021
Brooklyn NY Erik Rodriguez of Rodriguez Commercial Realty (RCR) completed the sale of 2177 Bedford Ave. (Block: 05090 Lot: 0004) located
Meridian Capital Group arranges $43.8 million
April 6, 2021
New York, NY Meridian Capital Group arranged $33.9 million in financing to refinance two multifamily properties in the Bronx, and $9.9 million to refinance a
New York City development tools: Mandatory Inclusionary Housing - Part 4 - by Michael Smith and Patr...
April 6, 2021
The Mandatory Inclusionary Housing (MIH) program allows developers to utilize increased development rights allowed under a rezoning by creating permanently affordable housing marketable to both
Question of the Month: How can owners obtain a zoning variance at the NYC Board of Standards and App...
April 6, 2021
In 1961, NYC adopted the Zoning Resolution (ZR). The ZR assigns complex zoning regulations to every tax lot in the five boroughs. Like the Constitution, it is a comprehensive document and, just as importantly, it provides
Construction Law: A construction lawyer discusses change orders: A cautionary tale for customers - b...
April 6, 2021
Change orders are like mini-contracts. The parties sign the main contract and when things change, they both sign change orders confirming their agreement to those changes. It could be to add money to the contract price or to extend the
Exec. of the Month: Steve Kirschner, COO of Principals Direct Group is creating value for clients wi...
March 23, 2021
Westbury, NY After decades in the real estate industry as a broker responsible for selling and/or leasing, literally, hundreds of millions of square feet of commercial properties, Steve Kirschner decided to strategically
Columbia Pacific Advisors secures $13.75 million bridge loan
March 23, 2021
Manhattan, NY Columbia Pacific Advisors Bridge Lending, a platform within Columbia Pacific Advisors, has provided a $13.75 million bridge loan to complete the redevelopment of
Question of the Month: How can property owners increase resident retention at their properties? - b...
March 23, 2021
It’s easy to put your focus on getting new residents for your property. However, knowing the importance of resident retention is vital if you want to be a successful property manager. By keeping a high resident retention rate, you can
Arbor funds $18.2 million loan; financing originated by Fiesel
March 23, 2021
Valley Stream, NY Arbor Realty Trust, Inc. funded a $18.2 million Fannie Mae DUS loan. The Promenade at Central received refinancing through the program, with a 20-year fixed rate.
Law: Sometimes a guaranty is no guarantee at all - by Richard Blumberg and Brenna Strype
March 23, 2021
In direct response to the COVID-19 pandemic, New York City’s City Council passed a local ordinance on May 26, 2020 in an attempt to protect tenants of commercial rental agreements.
Lantern Real Estate arranges $56 million loan for 145 CPN; loan provided by the Northwind Group
March 23, 2021
Manhattan, NY Lantern Real Estate has arranged a $56 million condo inventory loan for 145 CPN, a condominium property at the top of Central Park North in
Five Point Real Estate brokers $2.04 million sale of 10,000 s/f Patchogue property
March 23, 2021
Patchogue, NY Five Point Real Estate handled the sale of 159 W. Main St. for $2.04 million. The 10,000 s/f building–home to Bargain Bilge Marine Supply for more
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