Category: Brokerage
Executive of the Month: As CEO of LMC, Harding leads the pioneering CRE services firm with an integr...
April 20, 2021
New York, NY The New York Real Estate Journal (NYREJ) recently sat down for a question-and-answer session with Matthew Harding, CCIM, CEO of Levin Management Corp. (LMC). The commercial real estate services firm leases and manages properties primarily in the New York/New Jersey regional market.
Question of the Month: How can you solve the “split-incentive” challenge through a green lease? ...
April 20, 2021
Over 70% of all energy consumed in major cities is attributed to buildings. To combat this high consumption, city governments have implemented energy reduction plans and regulations that require building owners and operators to reduce energy consumption and greenhouse gas emissions across the board.
JLL Capital Markets completes $32.325m sale of 1303-1309 Third Ave.
April 20, 2021
New York, NY JLL Capital Markets has completed the $32.325 million of 1303-1309 Third Ave., a premier corner development site on the Upper East Side. JLL worked on behalf of the seller Gastonia, LLC to complete the sale to the buyer EJS Group.
Conway Capital acquires two mixed-use buildings in Park Slope for $7.9 million - plans to renovate a...
April 20, 2021
Brooklyn, NY Abe Cohen’s Conway Capital has closed on a $7.9 million purchase of two mixed-use buildings in Park Slope located across the street from each other. The purchase was an all-cash buy between Conway and his partner, The Mactaggart Family.
TerraCRG sells Bushwick multifamily for $1.895 million
April 20, 2021
Brooklyn, NY TerraCRG has closed on the sale of a three-unit gut renovated property at 1041 Jefferson Ave. in Bushwick. TerraCRG partner Matt Cosentino exclusively represented the seller, Chaim Halberstam, in the off-market transaction.
Island Harvest Food Bank acquires 43,000 s/f
April 20, 2021
Melville, NY Island Harvest Food Bank, Long Island’s leading hunger-relief organization, completed the purchase of a 43,000 s/f building at 126 Spagnoli Rd., according to Randi Shubin Dresner, president & CEO. The facility
2021 NYC hotel market dynamics: Opening up - by Anudeep Gosal
April 20, 2021
Arguably the greatest need at present for the hospitality industry in New York City is for patient capital. The traditional capital stack is not geared for a very long horizon. The 3 to 5-year yield driven model is now obsolete.
Grand Lux Realty opens new office at 101 King St. in Chappaqua, NY
April 20, 2021
Chappaqua, NY Grand Lux Realty, a locally owned brokerage firm in Westchester County and the lower Hudson Valley, has officially opened the company’s new office, located at 101 King St.
Resolution RE Partners arranges three new leases
April 20, 2021
New York, NY Evan Lieberman, senior director/leasing, Resolution Real Estate Partners LLC has arranged new leases for three fashion companies in the Garment District, comprising Sinova Fashions, Starwear Distributors LLC,
The CRE industry needs community garden spaces - by Farris Wu
April 20, 2021
COVID-19 has brought renewed focus on mental health and wellness. And as a return to activity is re-imagined and reconsidered, sustainable architecture and green building design will be a primary priority for commercial real estate industry experts, to fulfill new needs and attract demand.
Largo Capital secures four loans totaling over $25.36 million in financing
April 20, 2021
Canandaigua, NY Largo Capital secured four loans totaling over $25.36 million. Max Dowd of Largo Capital’s Rochester office secured a $1.86 million acquisition loan for a 30-unit multifamily property. Dowd negotiated a low fixed rate with a 10-year term and 25-year amortization
What we can learn from Westchester’s evolving office market - by Chris O’Callaghan
April 20, 2021
Famed American Bandstand host Dick Clark once clarified his multi-decade influence over the music industry. “I don’t set trends,” he offered, “I just find out what they are and exploit them.” Much the same can be said of Westchester County,
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