November 24 - December 7, 2015

Digital Edition

New York City

New York, NY According to SL Green Realty Corp, law firm Golenbock, Eiseman, Assor, Bell & Peskoe LLP has signed a 10-year lease covering 38,050 s/f for two tower floors at 711 Third Ave., the 20-story, 583,000 s/f tower located one block east of Grand Central Terminal. “Leasing at 711 Third Ave. has been extremely active with 75,838 s/f of…Read More

New York, NY Douglas Elliman Real Estate  is relocating and growing their top-producing Park Slope office, continuing to expand the company’s presence in the strong Brooklyn real estate market. Located at 187 Seventh Ave., the new Douglas Elliman Park Slope office will provide three times more space and house 50-60 talented agents. The company has leased…Read More

Bronx, NY Ariel Property Advisors has completed the sale of “The Continental Portfolio,” a package of 13 multifamily buildings throughout the Bronx for $90 million. The transaction is one of the borough’s largest multifamily deals to take place so far this year, edging out A&E Real Estate’s $89 million purchase of Netherland Gardens. Exclusive agents…Read More

Brooklyn, NY TerraCRG has completed the sale of 10 Nevins in the downtown area neighborhood. Ofer Cohen and Melissa Warren’s TerraCRG team were the sole brokers. A partnership of Adam America, Slate Property Group and China Vanke were the buyers. The site sold for $50 million. 10 Nevins is located at the nexus of retail,…Read More

Manhattan, NY Eastern Consolidated has arranged the sale of 40-42 Exchange Place, a 20-story office building with ground floor retail in Lower Manhattan. The property traded for $115 million. At one point the tallest building in Lower Manhattan, this 20-story, 250,000 s/f property is located at the southeast corner of Exchange Place and William St.,…Read More

In response to audit efficiency issues identified by the Internal Revenue Service (IRS), the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) contained provisions which allowed the IRS to conduct a single administrative proceeding (audit) at the partnership level, adjust the tax treatment of any partnership tax item and determine the applicability of any…Read More

Northern Manhattan continues to be a premier destination for commercial real estate investors seeking to deploy capital. Year-over-year growth, overall and especially in specific sub-markets, has consistently exceeded the expectations of even the most optimistic investors. Each of Northern Manhattan’s most active submarkets—which include Central Harlem, East Harlem, Morningside Heights and Hamilton Heights—have unique intrinsic…Read More

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