Category : Blog

While tax reform will have a significant impact on all businesses, architecture, engineering and construction (A/E/C) companies in particular are in a unique position to potentially benefit from these changes. There are tremendous tax planning opportunities and major considerations that will impact how their tax picture unfolds for 2018, according to NYC-based accounting firm Anchin, …

CBRE has been named the exclusive leasing agent for the largest block of available office space in Flushing. The 20,000 s/f space is on the top floor of Queens Crossing, a 12-story mixed-use development located at 136-20 38th Avenue in the heart of Downtown Flushing. Roy Chipkin of CBRE is marketing the top-floor office space …

JLL’s Capital Markets experts arranged $137 million in financing with Madison Realty Capital for the construction of Monad Terrace in the Miami Beach, Fla. The construction loan was secured on behalf of JDS Development Group. Vice Chairman Aaron Appel led the JLL Capital Markets professionals handling the debt assignment. Appel worked closely with Michael Stern, …

The Kaufman Organization announced that Quovo, a financial data platform, has signed a 13,075 s/f lease for the entire second floor of 54 West 21st Street in the Flatiron District. The New York-based company is relocating its headquarters from 29 West 30th Street in NoMad due to significant growth in its business. Launched in 2013, …

KeyBank Real Estate Capital recently secured one of the largest loans in the history of the U.S. Department of Housing and Urban Development program for nursing homes. The $127 million will be used by the Upper East Side Rehabilitation and Nursing Center to pay off an interim acquisition bridge loan that KeyBank provided and to …

A panel of experts led a discussion on developments on the Lower East Side during an event hosted by the Greater New York Construction User Council (GNYCUC) at Gensler’s New York City headquarters at 1700 Broadway. “As the Lower East Side neighborhood evolves, real estate professionals and locals alike are eager to discuss the direction …

Eastern Consolidated’s Brad Cohen and Jon Kamali, exclusive tenant reps for iPic in New York, have arranged a lease for a 348-seat luxury iPic theater in Hicksville, Long Island directly with the property owner, Seritage Growth Properties. This will be the first Nassau County lease for iPic. The theater, which will include a bar/restaurant, is …

● ROSEWOOD REALTY GROUP Emerald Equities buys Yonkers apartment building Emerald Equities has purchased 143-unit multi-family building on Riverdale Avenue in Yonkers for $36 million. Rosewood Realty Group brokered the sale of 525-527 Riverdale Avenue, a seven story elevator building with 143 apartments and 124 parking spaces and 13 storage units. Built in 1981, the …

Designers studioBIG helped revive a historic speakeasy located in the basement of a yogurt shop in Farmingdale. Charlotte’s Speakeasy on Main Street is in the basement of Charlotte’s Yogurt, which was opened by building owners John and Nick DeVito in 2014 The pair had big plans to revive the lower level to the speakeasy it …

Arbor Realty Trust, Inc. recently funded a CMBS loan in Brooklyn, NY. The 41-unit mixed-use property received $11,000,000 for refinance cash out under Arbor’s CMBS Program. The deal provides a five-year fixed, interest-only term. Vincent Chiodo of Arbor’s New York City office originated the loan. “Arbor offers one of the most diverse loan product lineups …