Category: Brokerage
How ground leases can help not-for-profits redevelop their properties, part 2 - by Patrick O’Sulli...
August 4, 2020
For not-for-profits where an opportunity exists to monetize their property’s value to help finance the construction of a new facility, a ground lease offers significant flexibility for structuring a development transaction. With that flexibility comes a complex set of
Norman Bobrow & Co. closes10,000 s/f long-term lease with Dollar Tree
August 4, 2020
Warsaw, VA Bobrow-Warsaw, LLC, the New York-City based owners of the Time Square Shopping Center, have signed Dollar Tree to a long-time lease for a 10,000 s/f anchor store on the site of the former Ames Department Store.
The Real Estate Board of New York honors Retail Deal of the Year Award winners at the 22nd Annual Ce...
July 31, 2020
New York, NY The Real Estate Board of New York (REBNY) honored winners of its 22nd Annual Retail Deal of the Year Awards at a virtual ceremony held July 30th, where a portion of the proceeds benefitted Citymeals on Wheels.
Tuccillo of Marcus & Millichap reps. seller in $9.75m Walgreens sale; Biancavila of Berkshire Hathaw...
July 30, 2020
Wappingers Falls, NY Marcus & Millichap completed the sale of 1575 U.S. 9, according to John Krueger, regional manager and vice president of the firm’s Manhattan and White Plains office. The NNN site, which is
Asset Preservation to offer free CE webinars in August for 1031 advisors, attorneys, CPAs and RE pro...
July 30, 2020
New York, NY Asset Preservation will be offering a series of free webinars that qualify for CE credits in August. Pamela Michaels, Esq., senior VP of Asset Preservation, Inc. will lead the presentations, which are open to the public.
Security deposit insurance may result in unfunded liability for low income tenants by Daniel Pessar
July 30, 2020
2020 has been a banner year for the security deposit insurance industry. Earlier this year, the Cincinnati City Council passed an ordinance which requires landlords who own and control more than 25 units to offer alternatives to a typical security deposit requirement. Although New York
Urban Standard Capital delivers $3.8 million acquisition loan for mixed-use building in Cobble Hill
July 23, 2020
Brooklyn, NY Urban Standard Capital (USC) arranged a $3.8 million loan for Conway Capital’s purchase of a four-story building that houses Court Street Bagels in Cobble Hill. The 6,790 s/f mixed-use building at 181 Court St. was built in
NKF wins top two honors for REBNY’s 76th Annual Sales Brokers Most Ingenious Deal of the Year Awar...
July 23, 2020
New York, NY According to Newmark Knight Frank, (NKF) it has won the top two awards for Real Estate Board of New York’s (REBNY) 76th Annual Sales Brokers Most Ingenious Deal of the Year Awards. The firm earned the first-prize
Bortz of Kislak Co. sells 112-unit Evergreen Manor Apartments for $10.28 million
July 21, 2020
Middletown, NY The Kislak Company, Inc. completed the $10.28 million sale of Evergreen Manor Apartments, a 112-unit multifamily property located at 51-95 and 97-127 High Barney Rd. in Orange County. The property is on nine acres and
BRG brokers two Brooklyn sales; includes $3.468m by Bestreich, Reynolds, Reynolds and Underkofler
July 21, 2020
Brooklyn, NY Bestreich Realty Group (BRG) completed the following: BRG closed the sale of 447 Rogers Ave. for $3.468 million. This mixed-use property consists of six apartments and two stores, priced at $433,561 per unit.
NYC fails to provide meaningful relief to thousands of suffering taxpayers - by Peter Blond
July 21, 2020
A few months ago, I did not envision the “boys of summer” as the City Council arguing at the 11th hour over the appropriate interest rate to charge suffering landlords throughout the five boroughs. COVID had already closed New York City and the rest of the
Impact investing: An approach for strong risk adjusted returns in real estate - by Michael Zysman
July 21, 2020
There are many investors that have been on the sidelines waiting for distressed opportunities. Unfortunately, distressed opportunities will be limited in this cycle due to the government’s quick and effective intervention by bailing out the banking system, publicly
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