Meet New REEC Chair and CRE Diversity Change Agent Tammy Jones

Professional trade association Real Estate Executive Council has appointed Tammy Jones as chair to continue its commitment to fostering racial diversity in commercial real estate.

       

source https://feeds.feedblitz.com/~/619085102/0/globest/new-york~Meet-New-REEC-Chair-and-CRE-Diversity-Change-Agent-Tammy-Jones/

Southern Jersey Retail Power Center Trades for $60M

The property is 93% leased to 34 tenants, including Regal Cinemas, Hobby Lobby, Marshalls, Ross Dress for Less and Big Lots, which serve as anchor tenants.

       

source https://feeds.feedblitz.com/~/619081622/0/globest/new-york~Southern-Jersey-Retail-Power-Center-Trades-for-M/

Halpern Real Estate Ventures Closes $50M OZ Fund

Halpern Real Estate Ventures, a real estate investment platform focused on value creation in urban centers, has closed a $50 million commingled Opportunity Zone fund in partnership with General Partner Capital.

       

source https://feeds.feedblitz.com/~/619025276/0/globest/new-york~Halpern-Real-Estate-Ventures-Closes-M-OZ-Fund/

Real Estate Executive Council Appoints New CEO

The Real Estate Executive Council, a professional trade association for executives of color in commercial real estate, has appointed Ken McIntyre, founder and managing principal of commercial real estate finance advisory firm PassPort Real Estate, LLC, as the new interim chief executive officer.

       

source https://feeds.feedblitz.com/~/619024282/0/globest/new-york~Real-Estate-Executive-Council-Appoints-New-CEO/

NJBIA Slams New Jersey’s Business Climate as Worst in Region

In its updated 2020 Business Climate Analysis, the NJBIA report states that New Jersey has the least competitive business climate, with the highest corporate tax, state sales tax, income tax and property taxes in the region when compared to Massachusetts, Connecticut, New York, Pennsylvania, Maryland and Delaware.

       

source https://feeds.feedblitz.com/~/619016886/0/globest/new-york~NJBIA-Slams-New-Jersey%e2%80%99s-Business-Climate-as-Worst-in-Region/

Local Queens Developer Buys OZ Development Site

Local Queens developer Gary Tsan has acquired a 200,000-square-foot development site situated in a qualified Opportunity Zone in the Downtown Flushing submarket for $58 million, or approximately $290 per buildable square foot. The one-acre development is located at 133-25 37th Ave., and is said to be one of the last large land parcels available in the submarket.

       

source https://feeds.feedblitz.com/~/619015728/0/globest/new-york~Local-Queens-Developer-Buys-OZ-Development-Site/

Art Johnson Lands $120M Loan For Jersey City Property

Tall Pines Capital has loaned $120 million to the development The Element, a six-story apartment building located at 400 Claremont Avenue in Jersey City, New Jersey. The loan is split between an $84,000 construction loan and $36,000 of equity. Kathy Anderson, a founding partner of commercial real estate firm Progress Capital, arranged the loan.

       

source https://feeds.feedblitz.com/~/618969138/0/globest/new-york~Art-Johnson-Lands-M-Loan-For-Jersey-City-Property/

Stonehenge NYC and A-Rod Venture Acquire First Property

A venture comprised of real estate firm Stonehenge NYC, retired Major League Baseball player Alex Rodriguez A-Rod Corp and real estate agency the Modlin Group have announced the acquisition of 340 East 51st, a 114-unit residential apartment building in Midtown East.

       

source https://feeds.feedblitz.com/~/618968434/0/globest/new-york~Stonehenge-NYC-and-ARod-Venture-Acquire-First-Property/