Category: Brokerage
RP-5217 transfer report can affect future real estate taxes - by John Terrana and Gabriella Botticel...
September 17, 2019
All real estate lawyers are familiar with the RP-5217 Form. You know the one; that mandatory transfer report that must be filed before a conveyance of real property can be recorded, which lists the property information, the sale price, circumstances of the sale and identifies the buyer.
$6 million Gerard Place Community Center project in Buffalo completed
September 17, 2019
Buffalo, NY According to governor Andrew Cuomo, the $6 million transformation of a former parish hall into the new Gerard Place Community Center on the city’s East Side has been completed. Gerard Place works to
Public Relations: New rent regs pose communication challenge - by Harry Zlokower
September 17, 2019
Sweeping changes in rent control laws, resulting in benefits to tenants, mobilized the real estate industry earlier this summer into a forceful campaign of lobbying, paid advertising, and organized demonstrations. Using reasoned arguments and projections, the industry attempted to thwart the legislation by demonstrating to politicians and
Moss and McGratty of Silverstein Props. lease 103,000 s/f at 3 WTC; Assisted by CBRE team; Transwest...
September 16, 2019
Manhattan, NY According to Silverstein Properties, Kelley Drye & Warren LLP has signed a 15-year, 103,000 s/f office lease at 3 World Trade Center. Currently located at 101 Park Ave., the firm will move to the 66th, 67th and 68th floors...
LSL Advisors' Greene and Lolai join the
TCN Worldwide Real Estate Services organization
September 13, 2019
Manhattan, NY According to Ross Ford III, president & CEO of TCN Worldwide Real Estate Services, LSL Advisors is the newest member to be selected to join the international real estate services organization. LSL Advisors is a commercial real estate advisory and investment firm.
Laster, Chetner and Karpel of Meridian Capital arrange $57.2M in financing for seven Upstate New Yor...
September 13, 2019
Rochester, NY Meridian Capital Group has arranged $57.2 million in acquisition financing for seven multifamily properties in Rochester, Syracuse, and Albany on behalf of Carlton Management, LLC. The 10-year agency loan features a rate of 3.22% and six years of interest-only...
Durst Org. and Bank of America refinance One Bryant Park; Rosenberg & Estis; Orrick, Herrington & Su...
September 3, 2019
Manhattan, NY The Durst Organization and Bank of America have closed a $1.6 billion refinancing of One Bryant Park. The financing combined a $950 million CMBS loan with a $650 million Liberty Bond loan
Jungreis of Rosewood Realty Group sole broker in $10.5 million sale
September 3, 2019
Manhattan NY Rosewood Realty Group has completed the $10.5 million sale of 495 Amsterdam Ave. on the Upper West Side. The 9,975 s/f five-story, mixed-use walk-up apartment building on the corner of West 84th St., features
MacAffer and Simonds of CBRE-Albany sell retail sites for $357,000; Hanna Commercial RE acts for buy...
September 3, 2019
Perth, NY According to CBRE-Albany, the company has brokered the sale of 4178 and 4184 Rte. 30 for $357,000.
4184 Route 30 is a former Stewarts that is occupied by Case Supply Inc. 4178 Route 30 is a former bank branch that will be converted into a
Vanguard-Fine leases 143,413 s/f and brokers sales totaling $7.632 million
September 3, 2019
Oneonta, NY According to Vanguard-Fine, LLC, the firm has completed eight sales totaling $7.632 million, and leased over 143,413 s/f:
• Barry Feinman and Kenneth Brownell of Vanguard-Fine brokered the $4.77 million sale of 5.2 Acres Gas Station, Car Wash and Office Building. The buyer and seller wish to
Selling investment property, thinking you don’t have a gain - by Russell Gullo
September 3, 2019
There are many scenarios when selling income-producing real estate or investment-held property where you may experience a significant, and unexpected, gain (profit) and face a large tax liability that could have been avoided. If you encounter one of the examples below, make sure you
Tudor Collins Commercial Real Estate broker 10 leases: 106,400 s/f
September 3, 2019
Cheektowaga, NY Tudor Collins Commercial Real Estate have completed the following leases:
According to Patricia Collins and Eric Tudor of Tudor Collins, The Airport International Centre on Sonwil Dr. is continuing a
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