Front Section

O’Callaghan of Lynx Mortgage Bank's Commercial Division arranges $1.6 million for Axis Mechanical

Manhattan, NY Lynx Mortgage Bank LLC Commercial Division arranged $1.6 million in financing for an office co-op at  137 5th Ave., 8th floor, on behalf of Axis Mechanical, Steve Marino. The loan, funded by Flushing Bank, was

Outside the Region: CetraRuddy completes adaptive reuse of NJ Bell building with L+M Development, Prudential Financial and Goldman Sachs Urban Inv.

Newark, NJ CetraRuddy is completing its third adaptation of a landmark by architect Ralph Walker, known for Art Deco buildings built mainly around New York City in the 1920s and 1930s. The latest project–an adaptive reuse of the

Outside the Region: VHT Studios promotes Collura to COO

Rosemont, IL According to VHT Studios, Vince Collura has been promoted to COO. Collura joined VHT Studios in 2016 as vice president of product, talent & innovation as part of the company’s acquisition of Gotham Photo Co.

JLL completes sale of 157-159 Lexington Ave. – $11.5 million

Manhattan, NY JLL Capital Markets has sold 157-159 Lexington Ave. in the Kips Bay neighborhood, on behalf of Tsoumpas 157 Group LLC. Private investor Shaun Ajodan acquired the

Outside the Region: New Providence Gardens sells for $58.5 million; arranged by Gebroe-Hammer

New Providence, NJ New Providence Gardens, a 232-unit garden-apartment community, has been sold for $58.5 million in a trade arranged by Gebroe-Hammer Associates

George Comfort & Sons signs Tetra Tech to 60,000 s/f; Aronson, Liss, Mansfield and Huang of CBRE rep. tenant

Manhattan, NY George Comfort & Sons, Inc. signed a new 60,000 s/f lease with Tetra Tech, Inc., a leading provider of consulting and engineering services, at 498 Seventh Ave., its

Outside the Region: Duff of Arbor Realty Trust originates $10.6 million acquisition loan

Forest Park, GA Arbor Realty Trust, Inc. funded a $10.6 million acquisition loan. Arbor provided the loan for Wingate Apartments, a 211-unit complex. Financing for this acquisition includes a two-year, floating rate senior loan and a

Doshi and Mehra of Meridian Investment act for buyer, seller in
$16.8m deal; Acquisition financing placed by Hammer of Meridian Capital

Manhattan, NY Meridian Investment Sales closed on the sale of 1588-1600 Amsterdam Ave., a 100 ft. wide corner walk-up with 44 apartments and nine retail stores. The property sold for

Outside the Region: Hunt Real Estate Capital refinances student housing community

Winston-Salem, NC Hunt Real Estate Capital provided a $18.8 million Fannie Mae conventional loan to refinance a student housing property. The loan features a 10-year term with an initial three years of interest-only followed by seven years of amortization

Outside the Region: CIT provides financing for Southern Calif. apartment complex: $48.2 million

Colton, CA According to CIT Group Inc., its Real Estate Finance division provided $48.2 million in senior secured financing for the acquisition and redevelopment of The District at Grand Terrace,