News:
Brokerage
Posted: October 1, 2007
Carlton arranges equity, debt recapitalization of 104 West 40th St. tower
According to Carlton Advisory Services‚ chairman Howard Michaels, Carlton has successfully arranged the equity and debt recapitalization of 104 West 40th St., a 22-story class A office tower.
Carlton was engaged by Myers Mermel, one of Manhattan's most highly acknowledged leasing experts, to assist in the recapitalization of the asset at a market valuation in order for Mermel to buy out his investment partner.
Carlton accessed a major insurance company who provided 95% of the equity capital along with favorable financing to effect the recapitalization on very favorable terms for the sponsor.
In addition to Michaels, the transaction team was headed by Carlton senior executives Michael Campbell, partner, and John Bralower, managing director.
Tags:
Brokerage
MORE FROM Brokerage
Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million
Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
.jpg)
.gif)
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
.gif)