Fletcher of Largo arranges $8.16 million in financing

John Fletcher of the Largo Group of Companies, arranged $8.16 million in construction financing to develop Mission Hills Senior Community, an independent senior community, that will consist of 112 2-bedroom/1-bathroom units. Each unit will be 1,040 s/f and each building will be two stories with an elevator for second floor access. In addition to the apartments, the project will also include a 6,600 s/f community center with a kitchen, exercise room, meeting area, library and billiard room. The subject includes 35 garages available for rent, as well as 70 storage units. Fletcher secured a 36 month interest only, floating rate loan for the borrower.

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AmTrustRE completes $211m acquisition of 250 Madison Ave.

Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring

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Project REAP honored by ICSC for leadership and impact in Commercial Real Estate

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Columns and Thought Leadership

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

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

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,