Category: Brokerage

C&W/Pyramid Brokerage Co. leases 49,000 s/f for Retech Systems

C&W/Pyramid Brokerage Co. leases 49,000 s/f for Retech Systems

March 3, 2020
Buffalo, NY Retech Systems LLC has signed a deal to lease 49,000 s/f at the Northland Workforce Training Center. The completion of this deal with the California-based firm means that the facility located at 683 Northland Ave. is now 93% occupied.
Viridi Parente raises $29 million; funding led by Grand Oaks Capital

Viridi Parente raises $29 million; funding led by Grand Oaks Capital

March 3, 2020
Buffalo, NY Viridi Parente, Inc., which manufactures renewable power systems for heavy machinery and storage applications, has secured $29 million in a Series B funding round led Grand Oaks Capital, an investment firm founded by Paychex founder and
Investment Sales: The new “normal” in NYC multifamily investment sales - Michael Weiser

Investment Sales: The new “normal” in NYC multifamily investment sales - Michael Weiser

March 3, 2020
In the late 1990s, prices for rent regulated apartment buildings ranged from four to eight times the rent depending on the borough and location. For most of the lower to middle income neighborhoods at that time, the spread between rent-stabilized and
LERA elevates Jang to partner and promotes eight

LERA elevates Jang to partner and promotes eight

March 3, 2020
New York, NY According to LERA Consulting Structural Engineers (LERA), Seokkwon Jang, Ph.D., P.E., has been named a partner. With the firm since 2004, Dr. Jang leads many of LERA’s commercial
Sukhram of Buy-N-Sell Realty sells 20,000 s/f retail property; Landsworthy Holdings buys retail plaza at auction

Sukhram of Buy-N-Sell Realty sells 20,000 s/f retail property; Landsworthy Holdings buys retail plaz...

March 3, 2020
Schenectady, NY According to Subhash Sukhram, owner/broker of Buy-N-Sell Realty Inc., they have sold a retail plaza at 1635-1643 Eastern Pkwy. at auction. Landsworthy Holdings LLC purchased the property at
Where can §1031 replacement property be located? - by Pamela Michaels

Where can §1031 replacement property be located? - by Pamela Michaels

March 3, 2020
Since the Tax Cut and Jobs Act of 2018, real estate investors in the Northeast have had significantly increased appetites for purchasing replacement property in low or no income tax states. Many might say investors are
Ferrara of Brax Realty facilitates $5.65 million sale of Brooklyn warehouse

Ferrara of Brax Realty facilitates $5.65 million sale of Brooklyn warehouse

March 3, 2020
Brooklyn, NY Michael Ferrara, managing principal of Brax Realty closed the sale of a 10,836 s/f two story warehouse in the Bushwick neighborhood. The property, 21-27 Garden St., located between Flushing and Bushwick Aves.
Vanguard-Fine brokers $12m sale for Bettiol Enterprises–175,000 s/f

Vanguard-Fine brokers $12m sale for Bettiol Enterprises–175,000 s/f

March 3, 2020
Albany/Oneonta, NY Vanguard-Fine, LLC has completed the purchase of 175,000 s/f of retail space. The properties consist of Home Depot, Hannaford Supermarket and the adjacent plaza, Advance Auto Parts in Oneonta, and a free-standing Burger King at
Capital One provides $131.2 million construction loan; RXR Realty is sponsor for 26 South Division development

Capital One provides $131.2 million construction loan; RXR Realty is sponsor for 26 South Division d...

March 3, 2020
New Rochelle, NY Capital One served as the lead bank for a $131.2 million construction loan for the ground-up development of 26 South Division, a 28-story, mixed-use apartment tower.
TerraCRG sells $13.2 million Park Slope development site

TerraCRG sells $13.2 million Park Slope development site

March 3, 2020
Brooklyn, NY TerraCRG has sold the development portfolio at 75 Fourth Ave. in Park Slope. The asset is one of the last opportunities to acquire a development site along Fourth Ave. before the proposed
Rochester Institute of Technology finances $346.2m through DASNY

Rochester Institute of Technology finances $346.2m through DASNY

March 3, 2020
Albany, NY According to Reuben McDaniel, III, acting president and CEO of the Dormitory Authority of the State of New York (DASNY), Rochester Institute of Technology (RIT) financed $346.2 million in bonds through DASNY. $150 million in tax-exempt bond
Rosewood Realty Group launches National Brokerage Division; Brody to lead as VP

Rosewood Realty Group launches National Brokerage Division; Brody to lead as VP

February 28, 2020
New York, NY According to Aaron Jungreis, president and founder of Rosewood Realty Group, the firm has launched its new National Brokerage Division. This division focuses on completely off-market properties outside the