#real-estate-acquisition

#real-estate-acquisition

Alex and Miles Pincus, the brothers behind the Grand Banks oyster bar, have quietly snapped up the century-old Montero Bar building at 73 Atlantic Avenue in Brooklyn Heights for about $4.5 million. The mixed-use property includes the ground-floor tavern and the apartments above, and is now in the hands of the Pincus family's Crew hospitality group. For locals, it strongly hints that one of the neighborhood's last seafaring dives is not headed for a condo conversion.

The Lido Square residential hub was deemed to be at risk of no longer being affordable without intervention from state agencies, a state staff report shows. The at-risk project was recommended for a reservation of tax credits that will preserve affordability for an additional 55 years, according to the state report. That assessment was prepared for an April 2025 meeting of the California Debt Limit Allocation Committee and California Tax Credit Allocation Committee, state government records show.

Liberty Realty has been central to Hudson County real estate for three decades, and we are honored to welcome this exceptional organization into the Corcoran Sawyer Smith family, said Sawyer Smith, principal and founder of Corcoran Sawyer Smith. This acquisition represents more than just combining two successful companies. It's about creating something truly transformative. Corcoran Sawyer Smith recorded just over $590 million in 2024 volume across 815 transactions, according to RealTrends Verified, and now employs more than 500 professionals.

START Real Estate's strong transaction growth, remarkable mortgage attach rate, and dedicated team of 70 agents are a perfect fit with our strategy of expanding agent and transaction volume while driving higher margins through ancillary services, Marco Fregenal, the CEO of Fathom, said in a statement. With many of START Real Estate's agents expected to join Elevate, this acquisition not only enhances our ability to serve a critical segment of the market,

This is more than an acquisition it's a statement of intent, Howard Hoby Hanna, the CEO of Howard Hanna Real Estate Services, said in a statement. For nearly seven decades, our company has grown through relationships, service, and innovation. Expanding into Manhattan reflects our vision for connecting people and places in meaningful ways, helping agents thrive and clients achieve a best-in-class real estate experience. We're proud to bring Howard Hanna to New York City and excited for the opportunities ahead.

In a time when the industry is evolving, our growth underscores the stability and expertise that define Gibson Sotheby's International Realty, said Larry Rideout, chairman and founder of Gibson Sotheby's International Realty. By welcoming the Advisors Living team, we expand our reach and recommit to the communities we already serve. This acquisition reflects our belief that local roots, combined with global resources, allow our agents to deliver the best service.