News: Brokerage

GCP Capital Group arranges six deals totaling $53.4 million

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $53.4 million for the following six properties: * $25 million in combined financing for a total of 12 two-story garden apartment buildings containing a total of 210 apartments, located on Atlantic Ave. in Brooklyn. Paul Greenbaum, managing member of GCP, arranged the financing. * $15 million for a 30,500 s/f historic, five-story residential loft building, located in the SoHo neighborhood of Manhattan. Matthew Classi, managing member of GCP Capital, arranged the financing. * $5.5 million for a six-story mixed-use building containing 21 apartments and 1,700 s/f of commercial space, located in downtown Manhattan. Greenbaum arranged the financing. * $3.1 million for a five-story multifamily building containing 21 apartments, located on West 135th St. in Manhattan. David Sessa, senior associate of GCP, arranged the financing. * $2.7 million for a six-story apartment building containing 28 units with 1,150 s/f of commercial space, located on West 181st St. in Manhattan. Adam Brostovski, principal of GCP, arranged the financing. * $2.1 million for a six-story apartment building containing 25 apartments, located on Andrews Ave. in the Bronx. Brostovski arranged the financing.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

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

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.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Strategic pause - by Shallini Mehra and Chirag Doshi

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