Category: Brokerage
Yuen of Greystone originates $6.5m Fannie Mae DUS loan for Queens refi
November 17, 2020
Queens, NY Greystone, a leading national commercial real estate finance company, has provided a $6.5 million Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance a multifamily property
Rockport Mortgage and LIHC Investment Group facilitate $140m financing
November 17, 2020
West New York, NJ Rockport Mortgage Corp. and LIHC Investment Group closed a $140 million FHA Section 223(f) refinancing loan for Parkview Towers, a 688-unit property. The development consists of
Can a Section 1031 exchange be performed with the acquisition of an underwater property? - by Sand...
November 17, 2020
When a taxpayer is faced with a pending foreclosure or a deed-in-lieu sale on investment or trade or business property, the taxpayer may be faced with a potential taxable gain when the property is “underwater.” A property is
A lawyer discusses settling mechanic’s liens, and problems that may arise - by C. Jaye Berger
November 17, 2020
Many business people are in a panic these days about money and getting paid. The economic supply line is temporarily broken due to the pandemic and everything is getting backed up in the system. If a building owner is
New York City retailers and restaurateurs face unprecedented challenges in today’s market - by Jos...
November 17, 2020
New York City retailers and restaurateurs may, for the first time, see the availability of percentage-of-sales deals on a large scale. In a lease of that sort, the tenant does not pay a base rent, but a percentage of their sales income
Hook & Reel Restaurant takes 5,656 s/f at Concourse Plaza
November 17, 2020
Bronx, NY Cajun seafood restaurant Hook & Reel has signed a 15-year lease for 5,656 s/f at Concourse Plaza, according to The Feil Organization, the shopping center’s owner and manager. Randall Briskin and Nicholas Dries,
BFC Partners welcomes Verizon to Empire Outlets on Staten Island
November 17, 2020
Staten Island, NY According to BFC Partners, Verizon Wireless opened a new location inside Empire Outlets, the 350,000 s/f retail complex in the St. George neighborhood. The store opened in late October,
Thor Equities Grp. leases 6,800 s/f to Arc’teryx
November 17, 2020
Manhattan, NY Thor Equities Group has completed a new lease with Arc’teryx, a leading Canadian outdoor fashion retailer, at 139 Fifth Ave., a six-story landmark mixed-use commercial office and retail building for its latest
Greenpoint Landing celebrates Riverside Market
November 17, 2020
Brooklyn, NY Greenpoint Landing, a 22-acre development site that stretches for half a mile along the borough’s waterfront, celebrated the opening of Riverside Market, a 24-hour market, at 7 Bell Slip. The market is a
Ariel Property Advisors closes two sales: $9.2m
November 17, 2020
Bronx, NY Ariel Property Advisors has brokered the sale of two Bronx multifamily buildings at 425 Claremont Pwy. and 756 Fox St. The two assets sold for $5 million and $4.2 million, respectively. 425 Claremont is a 46-unit elevator building in Claremont spanning 56,700 s/f across six stories. Exclusive agents
RM Friedland celebrates 50th Anniv. with new 8,300 s/f office in Harrison
November 17, 2020
Harrison NY RM Friedland unveiled its new, office suite. As a demonstration of its belief in a resurgence in the office market, RM Friedland has signed a long term lease at this new 8,300 s/f space at 440 Mamaroneck Ave. The company, which is celebrating its 50th anniversary
Midwood Investment & Development brings Whole Foods to Eastgate Plaza
November 17, 2020
Garden City, NY According to Midwood Investment & Development, Whole Foods Market has opened a new location at Eastgate Plaza at 867 East Gate Blvd. The 55,000 s/f store is Whole Foods Market’s fifth location on
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