ERG Property Advisors closes $16 million sale of a NNN Walgreens

ERG Property Advisors arranged the $16 million sale of a triple-net (NNN) leased Walgreens. Walgreens has a 25-year triple-net lease with renewals extending out to 60 years. The property sits on 1.3 acres located on Warner Ave. which boost over 57,000 vehicles per day. Other major retailers in the immediate area include: McDonald's, Ralphs, CVS, Trader Joe's, Chase Bank, Bank of America and Wells Fargo.

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Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease

Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee

M&T Realty Capital Corp. closes $31.9 million bridge financing for Estelle New Haven

Adirondack Capital Partners arranges sale of 96-unit Ridgeview Townhomes & Apartments

ACP arranges sale of Ridgeview Townhomes & Apartments

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

IRG acquires 422,727 s/f distribution facility in south St. Paul

Investment Property Realty Group brokers $16 million sale of multi-family 205 Ashland Pl.

IPRG brokers $16m sale of 205 Ashland Pl.

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Neighborhoods, not apartment complexes, build resilient communities that are safer, healthier, and more prosperous - by Paul Adler

Columns and Thought Leadership

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.

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

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their