Category: Brokerage
COVID-19 and commercial rent collections: A look at the data from April - by Chuck McDowell
May 8, 2020
When it comes to rent payments, how is the commercial sector faring in comparison to the residential sector? My colleagues and I have been busy gathering this data, and the differences are striking. According to the NMHC Rent Payment Tracker, which includes statistics from MRI,
Affordable housing needs to support the middle class in the wake of the Coronavirus Crisis - by Heid...
May 7, 2020
In the wake of the coronavirus epidemic, housing and jobs are going to be more crucial than ever for middle income New Yorkers. This crisis has affected the lives and finances of New York’s middle class in unprecedented ways and will have long lasting effects.
The Real Estate Board of New York advocates for updated rent guidelines
May 7, 2020
New York, NY The Real Estate Board of New York (REBNY), presented testimony to the NYC Rent Guidelines Board (RGB) advocating for fiscally responsible rent increase policies that are commensurate with property tax increases to ensure
Workplace reimagined: COVID-19 to reshape the modern office experience
May 7, 2020
New York, NY The American workplace has experienced more rapid, dramatic shifts in the past few weeks than it ever has before. But the real impact of Covid-19 on how millions of people work – and how they plug into a
Cohen and Bernstein of Besen Partners sell mixed-use property for $7.1 million
May 5, 2020
Manhattan, NY Besen Partners has completed the sale of 147 Duane St. in TriBeCa for $7.1 million. Ron Cohen and Jay Bernstein exclusively represented the seller, and Anna Ji of Kian Realty procured the purchaser. At $7.1 million, the selling price equates to
Buroni of Sutton Real Estate Co. named 2019 Salesperson of the Year
May 5, 2020
Syracuse, NY Matt Buroni of Sutton Real Estate was named Salesperson of the Year for 2019. Buroni is the first salesperson to achieve this title in his first full year at the company. This award goes to the agent that earns the highest commission.
GAIA Property Group brokers 20-unit building for $15.75 million
May 5, 2020
Brooklyn, NY GAIA Property Group LLC handled the sale of 171 North 10th St. The property had been listed for $16.75 million, and reduced to $16.45 million because of 421A expiration and high projections of taxes. When Coronavirus worries moved into
Marcus & Millichap’s Levin Johnston Team close San Francisco Bay area multifamily sale for $26.8 m...
May 5, 2020
Concord, CA Marcus & Millichap sold The Lakes, a three-story, 102-unit garden-style multifamily asset. The property sold for $26.8 million. Adam Levin and Robert Johnston represented the seller
IREM Foundation launches COVID-19 Relief Fund on #GivingTuesdayNow
May 5, 2020
Chicago, IL Like many people around the world, property managers have felt the economic impact of the global pandemic. To support real estate managers and their communities
AccuFund, Inc. partners with EFPR Solutions
May 5, 2020
Rochester, NY AccuFund, Inc., provider of financial reporting and accounting software for nonprofit, municipal and government organizations, revealed a reseller partnership agreement with EFPR Solutions, LLC, a
SWBR promotes Gonnella, Krupic, Picard and Wade to shareholders
May 5, 2020
Rochester, NY According to SWBR, Candace Gonnella, Elvedin Krupic, Michael Picard and Jessica Wade have been named new associates and shareholders of the firm.
Fantini & Gorga arranges $2.1 million acquisition financing
May 5, 2020
Schenectady, NY Fantini & Gorga handled the debt placement of $2.1 million for the acquisition of a Walgreens Pharmacy. Casimir Groblewski, senior managing director, assisted by analyst Ryan Maddaluna, placed the financing
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