News: Brokerage

Vegh of Westwood Realty Associates reps buyer and seller in $35 million sale of 1749 Grand Concourse

Westwood Realty Associates has completed the $35 million sale of 1749 Grand Concourse. The seller was 1749 Grand Concourse Owners LLC and the buyer was Azure Properties, LLC. The property is a 13-story elevator building consisting of 274 apartments and four commercial spaces. The building has 200 ft. of frontage on the Grand Concourse. The building sold at $124,000 per unit but the buyer saw great potential in the bricks of this building and the major potential it has. Steven Vegh of Westwood Realty was the broker of both sides and Phil Goldstein assisted with the seller.
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Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking