Category: Brokerage
AmTrust enters into partnership with ProDeal
July 21, 2020
New York, NY AmTrust Title Insurance Co., a subsidiary of AmTrust Financial Services, Inc., has entered into a multi-year partnership with ProDeal, a leading deal management platform in the real estate finance industry.
RockFarmer Props’ The Rowan 35% sold; design by DXA studio
July 21, 2020
Queens, NY According to RockFarmer Properties, The Rowan, Astoria’s new ground-up condominium, is 35% sold in five months. The DXA studio-designed condo, where
Curtis of CBRE secures 89,781 s/f lease at Gateway Port Chester, owned by M & J Wilkow/MetLife JV
July 21, 2020
Port Chester, NY According to CBRE, Target has signed a two-level 89,781 s/f lease at the newly rebranded Gateway Port Chester. Target will be moving into space that includes
Opportunity Zones: A useful backup plan for 1031 exchanges - by Daniel Pessar
July 21, 2020
When real estate investors sell property, they often defer any capital gains using the like-kind, tax deferred exchange, provided for in Internal Revenue Code Section 1031. As explained in the tax regulations:
Asset Enhancement Solutions celebrates extension of Paycheck Protection Program
July 20, 2020
Uniondale, NY More than a dozen executives from companies that obtained Paycheck Protection Program funds with the help of Asset Enhancement Solutions (AES) shared success stories. They and the AES consultants who helped them spoke on July 3rd about how
Doshi and Mehra of Meridian, with Glasser and Fusco of Marcus & Millichap sell 66-unit Bronx buildin...
July 20, 2020
Bronx, NY Meridian’s Amit Doshi and Shallini Mehra closed on the sale of 3111 Heath Ave. in the Kingsbridge Heights neighborhood. The six-story elevator building sold for $10.25 million, yielding a capitalization rate of 6.50%, $166 per s/f, $151,500 per unit, and
Hildreth Real Estate Advisors appoints Padway COO
July 17, 2020
New York, NY Hildreth Real Estate Advisors has appointed Max Padway as chief operating officer to oversee the growth of the Hildreth proprietary database, new business initiatives and manage investor relations.
Eastern Union promotes Lipoff to lead Banking Division
July 17, 2020
Brooklyn, NY Eastern Union has promoted Jacob Lipoff to lead the company’s newly centralized QTS Banking and Capital Markets Division. Holding the title of executive managing director, he will manage the firm’s full scope of banking relationships. With the creation of this division, this component of the business has now been brought in-house.
REBNY releases market reports illustrating the challenges the city and state face as economic recove...
July 17, 2020
New York, NY The Real Estate Board of New York (REBNY) released two market reports illustrating the challenges the City faces as economic recovery begins. REBNY’s Monthly Investment and Residential Sales Report released showed tax revenue generated from
Filler and Koschitzki of Meridian negotiate $12.4 million in acquisition financing for Iris Holding...
July 16, 2020
Staten Island, NY Meridian Capital Group arranged $12.4 million in financing for the acquisition and rehabilitation of two adjacent multifamily properties on behalf of Iris Holdings Group.
Bestreich Realty Group completes two sales totaling $5.683 million
July 10, 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.
Ira Zlotowitz of Eastern Union is leveraging technology and a client-first attitude to provide top-n...
July 10, 2020
New York, NY The New York Real Estate Journal (NYREJ) recently sat down with Ira Zlotowitz, this month’s executive of the month. Zlotowitz is founder and president of Eastern Union.
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