Category: Brokerage

The economic devastation wrought by COVID-19 has profoundly disrupted landlord-tenant relations across New York State. Thousands of businesses that were thriving just eight months ago have been forced to close permanently. Many commercial tenants bound by long-term leases, often

Manhattan, NY Atelier Ten USA is doubling its space with a new 11,137 s/f office space at 104 West 29th St. in Chelsea. The international environmental design firm signed a 10-year, full-floor lease for

Rochester, NY On September 17th, Cook Properties acquired the interests in a four-park portfolio consisting of 488 pads in the Rochester NY MSA. The four parks are located in the towns of Canandaigua, Farmington, and Batavia.

I believe we have 18 more months of this pandemic. The word is that the vaccine should be out soon and that it will take nine months of distribution to reach everyone. Nine months. While that’s certainly music to our ears and sounds optimistic, what if they are wrong?

Troy, NY According to Royal Properties, the firm has completed the following transactions: • Scott Meshil of Royal Properties, Inc. represented an undisclosed buyer in the purchase of Dollar Tree Plaza at 7 Northern Dr. The asking price was $3.063 million.

Saratoga Springs, NY According to The New York State Energy Research and Development Authority (NYSERDA) and Onyx Renewable Partners, they have completed the 2.6-megawatt solar installation at the citys’ former landfill. The project will help New York meet governor Andrew Cuomo’s Clean Energy Standard requiring 50% of the state’s electricity come from renewable energy sources, like wind and solar, by 2030.

Asset Preservation, Inc. is again offering a series of webinars for attorneys, CPAs and all real estate professionals. The free webinars will take place during the month of October, and will cover 1031 principles, parking arrangements,

Jacksonville, FL New York City-based Topaz Capital Group LLC has acquired its third multifamily property in the area with the closing of the 216-unit Planters Walk Apartments in Duclay submarket. The deal was brokered in an off-market transaction by

Brooklyn, NY The developers of Industry City withdrew their application to rezone a development site, which will result in nearly 20,000 good-paying jobs at a time when 400,000 New Yorkers have lost their jobs due to the ongoing Coronavirus (COVID-19) pandemic. Real Estate Board of New York (REBNY) president James Whelan issued the following statement

Harrison, NY CBRE arranged a 12,900 s/f lease for Stillman Management Realty at 440 Mamaroneck Ave. The property management firm, which was established following Garthchester Realty’s acquisition of Stillman Property Management, renewed its

Because of my firm’s extensive ground lease practice, I have been involved in several default scenarios since the Coronavirus first started to affect New York City hotels. First, it’s important to remember that the city’s hotel market had been

White Plains, NY The Board of Directors of Westchester County’s Local Development Corp. (LDC) has voted to approve $340 million in bond financing for two major not-for-profits.