Category: Brokerage
Credit for improvements in a Section 1031 Exchange - by Pamela Michaels
November 5, 2019
Frequently, investors ask whether they can buy property and make improvements to it as replacement property in a Section 1031 exchange. The answer is “yes” as long as the exchange is properly structured from initiation and the regulations governing improvement exchanges are followed.
Rechler Equity Partners leases 15,500 s/f to Duggal Visual Solutions
November 5, 2019
Westhampton, NY Rechler Equity Partners has entered into a long-term lease agreement with Duggal Visual Solutions at 200 Rogers Way in the Hampton Business District. The deal for 15,500 s/f of industrial and office
NYSERDA and Citizens Energy complete 1.4-MW solar project to Serve Upstate Cerebral Palsy in Oneida ...
November 5, 2019
Barneveld, NY The New York State Energy Research and Development Authority (NYSERDA) and Citizens Energy Corp. celebrated the completion of a 1.4-megawatt solar project in the Mohawk Valley. Located at 10686 North Gage
Coaching: Goodbye to the best decade of our lifetime - by Rod Santomassimo
November 5, 2019
2009-2019 has been one hell of a ride. What started with the worse economic downturn of our lifetime, rebounded to one of the loudest booms in our economy, our business, and our lives. At least it should have for most. In Q4 2009 many of us
Robert Martin Co. promotes Finley, Frank and Spring; hires Van Ripper
November 5, 2019
Elmsford, NY Robert Martin Co. LLC has promoted Damian Finley, Jeremy Frank and Sandy Spring, and hired Brian Van Ripper.
Weidell to succeed Padilla as CEO of NorthMarq
November 5, 2019
Minneapolis, MN As NorthMarq continues its growth, president Jeffrey Weidell will become CEO on January 1st, 2020, succeeding Eduardo Padilla. Padilla, who served in the role for 20 years, will become executive chair
Castro of Cushman & Wakefield voted president-elect of CREW New York
November 5, 2019
New York, NY According to Cushman & Wakefield, Betty Castro, managing principal of the real estate services firm’s Downtown office, has been elected president-elect of Commercial Real Estate Women (CREW) New York for 2020
Bohemia Realty hosts “Investing in Real Estate” with Antuñano of MiT National Land Services
November 5, 2019
New York, NY Bohemia Realty Group’s Adam Schroeder moderated “Investing in Real Estate” featuring guest expert Berto Antuñano, vice president of business development at MiT National Land Services.
HREC arranges sale and purchase financing for Hampton Inn - Rochester
November 5, 2019
Rochester, NY HREC Investment Advisors has arranged the sale and purchase financing of the 117-guestroom Hampton Inn Rochester North. The sale was led by Ketan Patel and Mark von Dwingelo, and purchase financing was led by John Siska
Duna RE Group acquires Hudson Valley properties for $9.725 million; Ralby of HKS arranges financing
November 5, 2019
Kingston, NY Duna Real Estate Group has completed its $9.725 million acquisition of three artist and creative live-work loft properties. The portfolio totals 120,000 s/f in the city’s Midtown Arts District. The
Cravath takes 481,000 s/f at Brookfield's Two Manhattan West office tower
November 5, 2019
Manhattan, NY According to Brookfield Properties, Cravath, Swaine & Moore LLP will become the anchor tenant at Two Manhattan West, Brookfield’s next 58-story, 1.9-million s/f office tower, which is under construction on 31st St. and Ninth
Pembrook Capital Management provides $5.75 million preferred equity financing
November 5, 2019
Westbury, NY Pembrook Capital Management LLC has closed a $5.75 million preferred equity investment to recapitalize 1025 Old Country Rd., a 200,000 s/f office building and colocation/data center
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