Comptroller Stringer Analysis: Hotel Room Shelters Costing City $400,000 Per Day

The number of homeless New Yorkers living in commercial hotels has spiked dramatically since November 2015, with the City now spending an unprecedented $400,000 per day on hotel rooms – a 669 percent rise over 12 months – according to a new analysis released today by New York City Comptroller Scott M. Stringer.
Rite Aid - Manlius, NY

The Boulder Group Arranges Sale of Single Tenant Net Leased Rite Aid Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Rite Aid property located at 8230 Cazenovia Road in Manlius, New York for $3,800,000. The 12,795 square foot Rite Aid property is strategically positioned along Cazenovia Road which is a primary north-south thoroughfare in the trade area.

SUSAN STURMAN JENNINGS, ESQ., NAMED 2016 TOP COUNSEL, ATTORNEY OF THE YEAR

Conifer Realty, LLC is proud to announce that Susan Sturman Jennings, Esq., has been named one of 2016’s Top Counsel from The Daily Record.
Capital Pacific

Capital Pacific Sells Aspen Dental in Olean, New York

Capital Pacific, a leading retail investment brokerage firm, recently represented the seller of a 3,500 SF Aspen Dental located at 3018 NY Route 417 in Olean, NY. The property was sold for $1,647,058 to a California investor.

AFFORDABLE SENIOR HOUSING IN WEBSTER NOW LEASING

Conifer is pleased to announce that, in partnership with Volunteers of America Upstate New York (VOAUPNY), a brand new, 60-unit, senior apartment community is now leasing in Webster!

Brookhaven NY Industrial Development Agency Sponsors Meeting on Farmingville Revitalization

Brookhaven Industrial Development Agency Board Chairman Frederick C. Braun, III announced that the IDA will sponsor the July 22, 2016 meeting of the Long Island Business Development Council, at which developer and IDA board member Michael Kelly will discuss his plans for the Arboretum at Farmingville, a project that is expected to help revitalize the hamlet. He will be joined by Brookhaven Town Councilman Kevin LaValle and Michael Wenz, President of the Farmingville Hills Chamber of Commerce

Governor Cuomo Announces Completion of US Customs Commercial Building at Peace Bridge Plaza

Governor Andrew M. Cuomo today announced the completion of the $24 million U.S. Customs Commercial Building at the Peace Bridge. The newly expanded and renovated facility will significantly decrease traffic congestion and facilitate more efficient customs processing. The project is an important component of the Peace Bridge Understanding of 2013, which lays out a plan for taking concrete steps aimed at improving traffic flow on the American side of the bridge.

Deputy Mayor Glen, NYCEDC, JEMB Realty, Downtown Brooklyn Partnership and Local Leaders Announce Brand...

Deputy Mayor for Housing and Economic Development Alicia Glen, New York City Economic Development Corporation (NYCEDC) and JEMB Realty today announced a brand new commercial development that will bring 400,000 square feet of new office and retail space to 420 Albee Square in Brooklyn’s Tech Triangle.

Hunt Mortgage Group Hires Michael A. Abbasfard as Vice President in the Small Loan...

Hunt Mortgage Group, a commercial real estate lender, announced today that Michael A. Abbasfard has joined the firm as Vice President in the Small Loan Group. In this role, he will source and originate Freddie Mac and Fannie Mae small loans for clients in the Mid-Atlantic region. He will be based in Tysons Corner, Virginia and will report to Owen Breheny, Director, at Hunt Mortgage Group

Agorafy Launches Official Mobile App for NYC Real Estate

Agorafy, New York City’s new digital home for the real estate industry, has released its official Agorafy New York Real Estate App. The Agorafy New York Real Estate App is now available for free download on iOS and Android devices at the App Store and Google Play.

Next Generation of NYC Steamfitters Graduates Five-Year Apprenticeship Training Program

The 8,000 member Steamfitters Local 638, which performs pipefitting and fire protection work throughout the five boroughs of New York City, Nassau and Suffolk counties, will graduate 20 steamfitters from its rigorous five-year apprenticeship program on Thursday, June 11 starting at 5:30 p.m. at Terrace on the Park at 52-11 111th St., Flushing, NY 11368

CITY AND STATE OFFICIALS JOIN THE ROCKOWER CORPORATION, M. MELNICK & CO. AND PARTNERS...

The New York City Housing Development Corporation (HDC), Department of Housing Preservation and Development (HPD) and New York State Homes and Community Renewal (HCR), join Rockower Corp., M. Melnick & Co., Inc. and partners to celebrate the groundbreaking for 810 River Avenue, the first project to benefit from the 161 Street / River Avenue Rezoning. A green, mixed-use, mixed-income, transit-oriented development, 810 River Avenue will include 134 units of affordable housing for very low-, low-, and middle-income households.

REP. ENGEL ANNOUNCES FEDERAL FUNDING TO FIX DAMAGES IN RYE PLAYLAND

Congressman Eliot Engel, a senior member of the House Energy and Commerce Committee, is pleased to announce the Federal Emergency Management Agency (FEMA) has awarded over $5 million in funds to Westchester County to repair areas in Rye Playland damaged during Superstorm Sandy. The allocation includes $1,683,346.50 for repairs to the North Boardwalk, and an additional $3,404,703.65 in funding for permanent work on other areas of the park that were damaged during the storm.

A.G. Schneiderman Secures Agreement With Major Commercial Real Estate Company To Ensure Equal Access...

NEW YORK - April 9, 2014 - (RealEstateRama) -- Attorney General Eric T. Schneiderman today announced an agreement with Vornado Realty Corporation, one of the largest owners and managers of commercial real estate in the U.S., that will ensure that individuals with disabilities are provided equal access to parking lots and garages at 20 shopping centers in New York owned by the company. The settlement requires that the facilities are upgraded so they comply with requirements and design standards set forth in the federal Americans with Disabilities Act, so those with disabilities have access to the goods and services that are available at the centers

WARBURG REALTY® APPOINTS TWO NEW AGENTS

New York - December 13, 2013 - (RealEstateRama) -- Warburg Realty®, one of Manhattan’s leading residential real estate companies, today announced Judy Bauer and Amy Fromer have joined the firm. A licensed real estate broker, Judy has an extensive background in real estate.

BUILD UP NYC TO DELIVER VALENTINE’S DAY CARD TO MOINIAN GROUP HEADQUARTERS

New York, NY - February 14, 2013 - (RealEstateRama) -- This Valentine’s Day, tenants and workers of The Moinian Group remain heartbroken that the developer insists on driving industry standards down by cutting corners on building repairs, construction site safety, as well as workers’wages and benefits.

RKF Completes Retail Leasing Assignment at The Mark Hotel

NEW YORK, NY - January 28, 2013 - (RealEstateRama) -- RKF has completed the leasing assignment at the base of The Mark Hotel at 992-998 Madison Avenue on behalf of ownership Alexico Group. All of the hotel’s ground floor retail space, which is located on Madison Avenue and 77th Street, is now leased.