GCP Capital Group arramges five mortgages totaling $12.65 million

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $12.65 million for the following properties: * $4.7 million for an apartment complex containing 130 units, located in Titusville, Fla. Paul Greenbaum, managing member of GCP, arranged the financing. * $2.7 million for six-story mixed use building containing 15 apartments and four stores, located on East Broadway in Manhattan. Matthew Classi, managing member of GCP, arranged the financing. * $2.425 million for a six-story apartment building containing 26 units and five stores, located on Grand Ave. in the Bronx. Adam Brostovski, principal of GCP, arranged the financing. * $1.825 millionfor a five-story apartment building containing 32 apartments, located on Crotona Ave. in the Bronx. Brostovski arranged the financing. * $1 million for 3 three-story cooperative apartment buildings containing a total of 18 apartments, located in Babylon, Suffolk County. David Sessa, senior associate of GCP, arranged the financing.

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AmTrustRE completes $211m acquisition of 260 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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Columns and Thought Leadership

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

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

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,

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.