Capmark Finance Inc. originated $17.92 million in debt through its Freddie Mac program for the refinance of Terraces at Highland Reserve, a multifamily property. The floating-rate loan features a seven-year term. Located on 15 acres at 700 Gibson Dr., the property is comprised of 273 dwelling units. Senior VP Tom Bracken of Capmark's San Francisco office originated the transaction for a fund advised by KBS Realty Advisors.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.