Category: Brokerage
Message from the CEO of Bronx-Manhattan North Association of Realtors: Fun, news, and sports
May 7, 2019
On April 18th, 2019, The Bronx Manhattan North Association of Realtors (BMNAR) hosted its 95th Annual Banquet at the fabulous Marina del Rey. This black-tie affair is a major networking event that attracts the Who’s Who in the real estate industry. An impressive group of industry business leaders and elected officials were
Outside the Region: HFF completes $111 million sale/financing of Liaison Washington Capitol Hill
May 7, 2019
Washington, DC Holliday Fenoglio Fowler, L.P. (HFF) has closed the $111 million sale of and arranged acquisition financing for Liaison Washington Capitol Hill, a 343-room hotel in
Royal Properties and American Investment Properties collaborate in $3.975 million sale
May 7, 2019
Seneca Falls, NY According to Royal Properties, Inc. and American Investment Properties, they have completed the $3.975 million sale of Liberty Center Plaza. The property sale price equates to $48.74 per s/f at a cap rate of 10.26%.
Aquino of JAACRES, with San Andres, lease 1,000 s/f to Charleston Shoe Co.; Schneidman and Klatsky o...
May 7, 2019
Manhattan, NY The Secret Broker Society president Joseph Aquino of JAACRES, with colleague Lynn San Andres have assisted Charleston Shoe Co. in its
Ziskin, Frank, Lobel and Zeitchik of Bestreich Realty Group facilitate $11.3 million sale
May 7, 2019
Manhattan, NY Bestreich Realty Group (BRG) completed sale of 13-15 Christopher St. in the West Village for $11.3 million, translating to
Freedberg of Suffolk Industrial Properties and Alliance Real Estate complete $2.4 million sale
May 7, 2019
Farmingdale, NY According to Suffolk Industrial Properties (SIP), 40 Allen Blvd. sold for $2.4 million last month.
Rosenberg & Estis, P.C. acts as legal counsel to Durst Org. in $900 million refinancing of 151 West ...
May 7, 2019
Manhattan, NY Rosenberg & Estis served as legal counsel to The Durst Org. in connection with the $900 million refinancing (as well as the related defeasance of the prior existing mortgage)
Outside the Region: Cronheim Mortgage secures five loans totaling $27 million for self-storage prope...
May 7, 2019
Chatham, NJ Cronheim Mortgage secured five separate, uncrossed bridge loans for self-storage facilities in Texas, Arizona, Ohio, Michigan and Missouri. Collectively the five properties represent 600,000 s/f and 3,745 class A self-storage units.
Lee NYC closes $32.2 million parking garage sale with Mequity Cos.; Zucker Org. is seller
May 7, 2019
Manhattan, NY Sidney Rosenthal, executive managing director/principal, Steve Lorenzo, principal, Mitchell Salmon, executive managing director, and Christopher Ventura, associate director, of Lee
Outside the Region: Hines breaks ground on The Preston with partner Cresset-Diversified QOZ
May 7, 2019
Houston, TX Hines, along with investment partner Cresset-Diversified QOZ Fund, commenced the start of construction on The Preston, a 373-unit for-rent residential high-rise community located in
The Opportunity of Opportunity Zones - by Justin Rostoff
May 3, 2019
The Tax Cuts and Jobs Act of 2017 created what are known as Opportunity Zones. The benefits of Opportunity Zones, if structured correctly, are three-fold: 1. Defer taxes on recognized capital gains until 12/31/26; 2. Decrease the taxable capital gains by up to 15%; and…
Someck and Myers of Lee & Associates NYC arrange
11,993 s/f lease to Payfone at 245 Fifth Avenue...
April 29, 2019
New York, NY Dennis Someck, executive managing director/principal, and Justin Myers, senior managing director/principal, of Lee & Associates NYC have arranged a 10-year, 11,993 s/f lease for the entire twentieth floor at The Moinian Group's 245 Fifth Ave.
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