With Federal Help On The Way, Commercial Rent Relief Is Real Estate’s Next Big Focus
Check out BisNow’s Podcast, “Make Yourself at Home,” which examines the effects of the American Rescue Plan, a $1.9 trillion stimulus package signed into law last week, on New York City commercial real estate. New Yorkers are hoping the funds will go a long way to easing the city’s woes and those of the real… Read more »
Amazon Opening 20K SF Delivery Station in Long Island City
Amazon is moving into the former Green Apple Supermarket. (photo: Google Maps) Amazon can’t quit Long Island City, Queens. The e-commerce giant signed a lease to open up a 20,000-square-foot delivery station at 38-50 21st Street in the neighborhood where it almost built its second headquarters, Crain’s New York Business first reported. It plans to… Read more »
New REBNY Report Shows Broker Confidence in Real Estate Market Experiences an Uptick After Record Lows
The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, today reported that broker confidence rebounded in the last quarter of 2020, after three consecutive record lows, as the COVID-19 vaccine continues to roll out throughout the City and State. According to REBNY’s Q4 2020 Quarterly Real Estate Broker Confidence… Read more »
Foreign Investors Target US Core Assets
Since the Federal Reserve reduced rates at the beginning of the COVID-19 pandemic, hedging costs have come down for foreign investors. Leading the way were investors from South Korea, Singapore, Germany (through open-ended funds) and the Middle East. GLOBE St. Photo by Andrea Piacquadio from Pexels
Women getting it done in commercial real estate
Is real estate still a man’s world? From architecture to brokerage to property management and everything in between, women continue to make strides in CRE, occupying top roles throughout the field. That’s not to say, however, that the experiences of women in commercial real estate are fully equitable or that we don’t still have some… Read more »
Massive, Mixed-Use Project Revealed in Red Hook
A large industrial site at 145 Wolcott Street in Red Hook, Brooklyn, is set to become apartments, manufacturing space, retail and office. The commercial portion will include restaurants, shops and creative office space. The manufacturing will be geared toward artisan “maker” uses, such as computer numerical control milling, woodworking, coffee roasting, beer brewing, furniture making, clothing production,… Read more »
Brooklyn Army Terminal Renews With Guggenheim, Military Electronics Manufacturer
The Guggenheim inked the largest of the recent deals at Brooklyn’s Sunset Park industrial complex, renewing 31,200 square feet of storage space at Brooklyn Army Terminal’s Building B. IEH Corporation, which manufactures electronic parts for aerospace and military technologies, re-upped its 20,400-square-foot space in the building at 140 58th Street. Other deals were announced. Commercial Observer Photo: NYC… Read more »
Hear KDA’s Kalmon Dolgin at the Real Estate Executives Outlook for Long Island in 2021 Webinar
We’re delighted to announce that Kalmon Dolgin, KDA co-president, is a panelist in the Real Estate Executives Outlook for Long Island in 2021 Webinar taking place on January 13th at 02:00 PM EST, presented by Marks Paneth. ” Long Island real estate has experienced drastic market shifts as a result of the ongoing COVID-19 pandemic,… Read more »
The Coffee Bean & Tea Leaf Expands to New York Area, Starting With Store in Fort Greene
The Los Angeles-based specialty beverage brand The Coffee Bean & Tea Leaf is expanding to New York, with the first store having opened Aug. 28 in the Brooklyn neighborhood of Fort Greene. Franchisee Hudson River Coffee & Tea plans to open a number of stores across the New York metro area, including a second Brooklyn… Read more »
Four Things To Know Before Making the Switch from Residential Real Estate to CRE
by Neil A. Dolgin For New York City’s ultra-competitive residential brokerage community, these are uncertain times. Amidst an already-softened sales market and growing concerns about a lack of affordable housing that have led to swifter rent stabilization measures and the possibility of a recession pending the outcome of the presidential election, it is also grappling… Read more »
The Hottest Restaurants in Queens
UPDATED: When the Covid-19 situation subsides, here is the Queens Heatmap, a guide to new and recently reviewed restaurants in the mighty borough of Queens. Here are the places that the critics, bloggers, and restaurant obsessives are buzzing about, according to NY.Eater.Com. Keep note, and we’ll be back inside restaurants and bars all together in… Read more »
Kalmon Dolgin Affiliates Inc. Named a 2019 CoStar Power Broker!
Kalmon Dolgin Affiliates, Inc.(KDA), one of the New York metropolitan region’s leading commercial and industrial real estate firms, has been named a 2019 CoStar Power Broker, the industry’s most prestigious award from CoStar Group, honoring the very best brokers and brokerages in commercial real estate. KDA won this award based on overall transaction volume as… Read more »
Food and beverage sector gains ground in warehouse leasing
Home of the Blue Point Brewery and event space with 100,000sf of space on nearly 10 acres at Patchogue Lake, with great water views and an iconic clock tower as it’s focal point. A recent multi-million-dollar renovation was made to accommodate the brewery which is equipped with an entertainment venue as well as tasting rooms… Read more »
One Year Later: Looking Back at Amazon Ditching Queens
After Amazon decided they wouldn’t move their HQ2 to Long Island City after all, effectively breaking the NYC real estate industry’s heart, Queens is getting back to business with steady leases. “Amazon taught us a lot. It was proof that the LIC waterfront can be a strong commercial destination, but one of the main criticisms… Read more »
Stability Amid Uncertainty: 2020 U.S. Real Estate Market Outlook
2020 could be a pivotal year for the U.S. commercial real estate industry, with geopolitical, economic and local regulatory issues in keen focus, according to analysts at CBRE. Despite transformational changes, CBRE’s 2020 U.S. Outlook predicts a very good year for commercial real estate. Resilient economic activity, strong property fundamentals, low interest rates and the… Read more »
Watch Kalmon and Neil Dolgin on Building NY: NY Life Stories – CUNY-TV – Jan 26th
Watch Sunday, January 26 on CUNY-TV (12pm noon) Building NY: NY Life Stories The Dolgin Family; Four Generations of a family business As told by Kalmon Dolgin & Neil Dolgin, Co-Presidents, Kalmon Dolgin Affiliates Watch as Kalmon and Neil Dolgin tell the 116-year story of Kalmon Dolgin Affiliates. A new 30-minute interview by host Michael… Read more »