Category: Brokerage
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 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
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
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
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 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
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
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
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
NYC Department of Design and Construction issues RFQ for design, construction of new borough-based j...
February 28, 2020
New York, NY The NYC Department of Design and Construction (DDC), on behalf of the Mayor’s Office of Criminal Justice (MOCJ) and the NYC Department of Correction (DOC), issued a Request for Qualifications (RFQ) for design-build teams that will construct
Doshi and Shainberg of Meridian Investment Sales act for Gazivoda Realty in $27.5 million sale
February 27, 2020
Manhattan, NY Amit Doshi of Meridian Investment Sales sold 118 East 93rd St. in the Carnegie Hill neighborhood of the Upper East Side for $27.5 million. This 38-unit classic pre-war building underwent condo-like renovations and is 42% free market.
Beth Zafonte thrives on Akerman’s forward-thinking and collaborative environment
February 18, 2020
New York, NY The New York Real Estate Journal (NYREJ) sat down with Beth Zafonte, this month’s executive of the month, for a question and answer session. Zafonte is the director of economic development services at Akerman LLP.
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