September 20 - October 3, 2016

Digital Edition
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New York City

New York, NY The New York Real Estate Journal recently sat down for a question and answer session with Derrick Do. He is a senior vice president, director of commercial real estate (CRE) at East West Bank. He leads the bank’s commercial real estate team for the Eastern Region, which includes Greater New York, Boston…Read More

Brooklyn, NY TerraCRG has brokered the sale of 65 Bogart St., a multifamily loft building located on the East Williamsburg/Bushwick border. Ofer Cohen, Melissa Warren and Dan Marks, along with their teams, were the sole brokers in this transaction. The property sold for $39.5 million, which equates to $742 per s/f. The seller of the…Read More

Queens, NY Eastern Consolidated has arranged the sale of a 167-unit, 187,800 s/f multifamily property at 94-25 57th Ave. in Elmhurst. The seven-story building traded for $40.725 million.  Matt Sparks, senior director and principal, and Ted Volynets, associate director, represented the seller, a private investor, and Sparks procured the buyer, Treetop Development, in this off-market transaction. The block…Read More

New York, NY Marcus & Millichap has promoted J.D. Parker to division manager of the firm’s northeast division, which includes Manhattan, Boston, Brooklyn, New Haven, New Jersey and Westchester, and the firm’s Ottawa and Toronto offices in Canada. Previously Parker served as district manager over Marcus & Millichap’s New York Tri-State area where he provided oversight for five offices and over…Read More

Manhattan, NY Tecogen Inc., a provider of clean energy products which, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer’s carbon footprint, sold a 200kW combined heat and power (CHP) system for installation in Glenn Gardens, a multi-unit residential building on the Upper West Side. The sale includes two InVerde e+ 100kW…Read More

Manhattan, NY The Kaufman Organization, in a J.V. with an affiliate of China Orient Asset Management (International) Holding Limited (China Orient) has launched the recapitalization of Kaufman’s Madison Sq. portfolio, four office buildings located in the NoMad and Flatiron Districts. The strategic recapitalization of the 352,658 s/f portfolio reorganizes the ownership structure for the long…Read More

A reverse 1031 exchange must be done in compliance with rev. proc. 2000-37, which provides the “Safe Harbor” rules for a reverse exchange. A reverse exchange is a transaction in which the replacement property is acquired before the relinquished property is sold. This tax planning procedure permits you to acquire the replacement property before you…Read More

Below I will highlight the details for some of the largest investment property sales in Queens; (sales at $35 million and above this summer ): • 94-25 57th Ave., Elmhurst: A seven-story, corner, 187,800 s/f elevator apartment building, built in 1961, containing 164 apartments and 3 commercial units, sold for $40.725 million on August 16th….Read More

Over a 10-year career,  most recently as founder of National Standard Abstract having closed $142 million in the first year, I’ve worked on a variety of development transactions including faith-based development.  The participation of faith-based organizations (FBO), those with affiliations to religious groups or supported by religious groups, brings a different dynamic to affordable housing…Read More

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Upcoming Events

  1. NYC Real Estate Expo

    September 29 @ 7:00 am - 5:00 pm
  2. PWC Salute to Women

    September 29 @ 6:00 pm - 9:00 pm
  3. Construction Industry Breakfast Forum

    September 30 @ 8:00 am - 10:00 am
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