STO Building Group launches Elevator Construction Consultants (ECC)
New York, NY STO Building Group has launched Elevator Construction Consultants (ECC), a specialized service line designed to address one of construction’s most persistent bottlenecks: vertical transportation. With the goal of improving elevator system
Proprietary preferred equity advantages Structuring smart deals: How Arbor’s preferred equity supports capital efficiency in today’s multifamily market - by Jean-Laurent Pouliot
Providing competitive current and accrual pay rate structures is essential for any multifamily preferred equity product. In today’s capital-constrained market, Arbor Realty Trust’s Proprietary Preferred Equity
Merrell of Island Associates sells
13,400 s/f warehouse for $3.8 million
Deer Park, NY Island Associates Real Estate Inc. negotiated the sale of a prime industrial warehouse located at 609 Acorn St. in the town’s industrial district. The transaction closed at a purchase price of $3.8 million. The property, a well-maintained 13,400 s/f industrial facility situated on
Houlihan Lawrence brokers $3.6 million
sale of 5,000 s/f retail building
Harrison, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, brokered the sale of a triple net retail building located at 307 Halstead Ave. The sale price was $3.6 million. The seller was represented by Mike Rackenberg, managing director of the commercial
Tishman Speyer completes $385
milliion refinancing of 300 Park Ave.
Manhattan, NY Tishman Speyer completed a $385 million refinancing of 300 Park Ave., its fully-leased class A office tower in the Plaza District. A $330 million CMBS loan with a fixed interest rate of 5.44% was led by JPMorgan Chase with Deutsche Bank Securities and Morgan Stanley
Namdar Realty and Klosed Properties
acquire 128,410 s/f for $54 million
Brooklyn, NY Namdar Realty, in a joint venture with Klosed Properties, has acquired the full-block retail and parking condominium at Front & York, located at 85 Jay St. in DUMBO for $54 million. The asset comprises 128,410 s/f of retail space beneath a 21-story
Koeppel Rosen leases 6,850 s/f to
Publicolor at 20 West 36th St.
Manhattan, NY Koeppel Rosen LLC said that Publicolor, Inc. has signed a multiple-year lease extension for 6,850 s/f at 20 West 36th St. The innovative educational youth development organization works with students facing immense life challenges, empowering
AHR Development, CPC and local officials celebrate ribbon cutting for three affordable homes
Buffalo, NY Amun Ra, CEO of AHR Development, was joined by The Community Preservation Corp. (CPC) and local officials to celebrate the completed gut rehabilitation of three properties on Riley St. and Florida St. within the Hamlin Park and Cold Spring communities.
Pyramid Management secures new $81 million loan, for Galleria at Crystal Run
Middletown, NY Pyramid Management Group has secured a new four-year, $81 million loan on Galleria at Crystal Run. The financing consisted of a joint venture between GreenBarn Investment Group, an affiliate of Rithm Capital Corp., and InterVest capital partners, alongsid
MAG Partners launches leasing
at Anagram Turtle Bay and Mabel
Manhattan NY Woman-owned real estate company MAG Partners, in partnership with Global Holdings, the international real estate development and investment firm founded and led by Eyal Ofer, launched leasing at Anagram Turtle Bay, located at 300 East 50th St. in the Turtle Bay
Gilbane Development, Blue Sea Development, Artspace and NYC close on financing for BACA
Brooklyn, NY Gilbane Development, in partnership with Blue Sea Development, Artspace, and the city and state of New York, have secured financing for the Brownsville Arts Center & Apartments (BACA). The $254 million in funding marks a major step forward
