News:
Brokerage
Posted: December 17, 2007
Giacobbe of Largo Real Estate Advisors arranges $720,000 in first mtge. financing
Frank Giacobbe, account executive for Largo Real Estate Advisors, Inc. arranged first mortgage financing in the amount of $720,000 for a 21,000 s/f office/warehouse building located at 1195 Ridgeway Ave. Built in 1960, the Ridgeway Building is 100% occupied by AP Plumbing and Crupi Contractors. In 2005, the subject underwent 4,000 s/f of interior office renovations and has been improved by the addition of a 25,000 s/f parking lot. The area is mostly industrial, with the Kodak and General Motors facilities located two miles from the property. Giacobbe secured a 10-year fixed rate loan with one rate reset and a 22-year amortization schedule for the borrower.
Tags:
Brokerage
MORE FROM Brokerage
United Properties Corp. expands Wisconsin and Illinois retail presence adding 200,000 s/f
West Allis, WI United Properties Corp. completed two retail acquisitions totaling $27.4 million across Illinois and Wisconsin, adding 205,000 s/f of shopping center space to its portfolio
Quick Hits
 (2).gif)
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
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.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
.gif)