Category: Brokerage

Bronx, NY KZA Realty Group has closed three commercial leases totaling 3,917 s/f.

Queens, NY On Thursday, November 15th, Greater Jamaica Development Corp. (GJDC) celebrated 50 years of trailblazing leadership at its “Golden Era Gala,” which was hosted at Battery Gardens in Battery Park.  

Manhattan, NY According to The Carlton Group, Ltd., Michael Campbell has been promoted to CEO.

Ariel Property Advisors enjoyed a busy year. Our focus in 2018 has been on strengthening our internal structure, culture and collaboration. We want to make sure that our clients can leverage our resources, expertise and execution, and therefore, internal teamwork and the implementation of several key processes was crucial for us. Our mission remains the same: Provide real estate expertise that empowers clients, employees, and communities.

Amazon is coming to Queens. But just what does this imminent arrival entail? The Memorandum of Understanding (MOU) states that Amazon will build, renovate, and operate approximately 4 million s/f of commercial space on the Long Island City waterfront (Anable Basin) and create upwards of 25,000 new jobs with an average wage of over $150,000 annually. This is just the first phase of Amazon HQ2, there is a planned expansion of an additional 2 to 4 million commercial s/f and another 15,000 jobs to be added within five years after the completion of the first phase. 

Like most statutes, the Opportunity Zone (OZ) provisions of the 2017 Tax Cuts and Jobs Act, which have created such excitement in the real estate investment and development world, left many critical issues unresolved and questions unanswered, delegating to the U.S. Treasury the task of grappling with such issues and questions in regulations and rulings.