News: Brokerage

GCP Capital Group, LLC arranges six mortgage deals totaling $29.438 million

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $29.438 million for the following six properties: * $6.188 million for two six-story apartment buildings containing a total of 35 units, located on the Lower East Side. Matthew Classi, managing member of GCP, arranged the financing. * $6 million for two contiguous five-story apartment buildings containing a total of 40 units, located on East 61st St. Paul Greenbaum, managing member of GCP, arranged the financing. * $6 million for a six-story mixed-use building containing 25 apartments and two commercial units, located on Rivington St. Matthew Albano, senior broker of GCP, arranged the financing. * $4.6 million for a two-story retail/office building comprised of 25,300 s/f, located on Union Tpke. in Queens. Adam Brostovski, principal of GCP, arranged the financing. * $4.6 million for a five-story apartment building containing 20 apartments, located on West 10th St. in Manhattan. Greenbaum arranged the financing. * $2.05 million for a six-story apartment building containing 23 apartments, located on West 147th St. Brostovski arranged the financing.
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Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

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
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
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,