Category: Brokerage

Brisa Builders and PMG Affordable secure $51.7 million funding for 92-unit affordable housing project

Brisa Builders and PMG Affordable secure $51.7 million funding for 92-unit affordable housing projec...

March 25, 2025
Queens, NY Brisa Builders Development LLC and PMG Affordable have secured $51.7 million in financing for 19-19 Cornaga Ave., a nine-story, 92-unit affordable housing project designed by Paul Castrucci Architects and located in the Downtown Far Rockaway Special
Bradford Allen leases 50,000 s/f at Cohen Brothers Realty's 750 Lexington Ave.

Bradford Allen leases 50,000 s/f at Cohen Brothers Realty's 750 Lexington Ave.

March 25, 2025
Manhattan, NY Bradford Allen negotiated the completion of 50,000 s/f of new leases at 750 Lexington Ave. in the Plaza District. Glenn Isaacson, the firm’s New York market leader, and Tony Builder, senior associate, represented building owner Cohen
Meridian’s Doshi and Mehra close <br>on a pair of Bronx elevator buildings

Meridian’s Doshi and Mehra close
on a pair of Bronx elevator buildings

March 25, 2025
Bronx, NY Amit Doshi and Shallini Mehra have closed the sale of two fully rent-stabilized elevator buildings, marking the first change in ownership in 60 years. The properties, located at 1930 Anthony Ave. and 1475 Wythe Pl., are well-maintained assets situated in the mid-section of the city.
Bronx Chapter of HGAR to hold Bowling the Bronx event on April 8 at Bowlero

Bronx Chapter of HGAR to hold Bowling the Bronx event on April 8 at Bowlero

March 25, 2025
White Plains, NY The Bronx Chapter of the Hudson Gateway Association of Realtors (HGAR), will celebrate the 10th anniversary of its “Bowling with the Bronx” event on April 8, from 6:30 to 9:00 PM at Bowlero.
Callahan Construction completes Rose Associates’ <br>440-unit Alexander Crossing apartment community

Callahan Construction completes Rose Associates’
440-unit Alexander Crossing apartment communi...

March 25, 2025
Yonkers, NY Callahan Construction Managers (Callahan) has completed construction of the new Alexander Crossing apartment community. The seven-story project was developed by Rose Associates and designed by Perkins Eastman.
The state of commercial real estate debt markets - by Michael Zysman

The state of commercial real estate debt markets - by Michael Zysman

March 25, 2025
Today’s banking environment for commercial real estate can be defined as a period of low liquidity and lingering distress. Much of this distress is due to banks having made aggressive loans in the COVID era, coupled with the functional obsolescence of many
Ariel Property Advisors arranges $27 million in loans

Ariel Property Advisors arranges $27 million in loans

March 25, 2025
Brooklyn, NY The Capital Services Group for Ariel Property Advisors (Ariel) arranged nine separate financing transactions totaling more than $27 million for properties in Brooklyn, Upstate New York, Connecticut, Pennsylvania, Texas and New Mexico. These
City of Yes for Housing Opportunity: Improving the ability to transfer a landmark's development rights - by Michael Smith and Robert Huberman

City of Yes for Housing Opportunity: Improving the ability to transfer a landmark's development righ...

March 25, 2025
New York City real estate owners and developers have long asked us about transferring unused development rights from an individual landmark to a site across the street, through a 74-79 Special Permit issued by the City Planning Commission (CPC). While these transfers have
McHugh Furnishings acquires Professional Furnishings & Equipment

McHugh Furnishings acquires Professional Furnishings & Equipment

March 25, 2025
Uniondale, NY McHugh Furnishings, a provider of specialty furnishings for education, healthcare, entertainment, and multifamily housing has acquired Professional Furnishings & Equipment (PFE), a Buffalo-based company with additional offices in Syracuse and
What is estoppel? - by Thomas Kearns

What is estoppel? - by Thomas Kearns

March 25, 2025
While real estate professionals should be familiar with the term “estoppel,” the legal doctrine of estoppel has a surprisingly wide reach. Estoppel is a legal principle that prevents someone from denying a fact that they previously agreed to. In real estate,
Strader of Silverstein Properties leases 11,465 s/f to GACC NY at 120 Wall St.

Strader of Silverstein Properties leases 11,465 s/f to GACC NY at 120 Wall St.

March 25, 2025
Manhattan, NY Silverstein Properties signed a relocation agreement with the German American Chamber of Commerce in New York (GACC NY) at 120 Wall St. Established over 75 years ago to promote commerce between Germany and the United States,
Capitol Fire Sprinkler begins new installation and system upgrades at 40,000 s/f 92nd St. Y

Capitol Fire Sprinkler begins new installation and system upgrades at 40,000 s/f 92nd St. Y

March 25, 2025
Manhattan, NY Capitol Fire Sprinkler has been retained for a second project at the 92nd St. Y. The fire protection firm is providing system upgrades at the cultural and education center, located at 1395 Lexington Ave.
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