News:
Brokerage
Posted: March 22, 2022
Axiom Capital funds 86,931 s/f grocery-anchored retail plaza in Queens
Queens, NY Axiom Capital Corp. has structured and arranged a $25 million permanent loan (10-year, fixed rate, non-recourse) for the refinance of a grocery-anchored retail plaza. The property consists of 86,931 s/f of rentable space situated on 7.97-acre site. The first building was built in 1992 and has 77,649 s/f. The second building was built in 2019-2020 and has 9,282 s/f.
The project is situated off I-678 on 20th Ave. (23,339 average annual daily traffic). I-678 is a major highway that primarily runs north to south through two boroughs of New York City and experiences 185,043 average annual daily traffic.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Quick Hits
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
