News:
Brokerage
Posted: December 7, 2007
Grussgott and Hirsch of Meridian arrange $61 million in financing
Meridian Capital Group recently arranged financing in the amount of $61 million for the acquisition of a rental building with commercial space and parking located at 15 Cliff St. in the Financial District. The 31-story building contains 156 apartment units, 1,800 s/f of retail/commercial space, and a 4,734 s/f garage. Charles Grussgott and Abe Hirsch of Meridian's New York office negotiated on behalf of Lalezarian Properties to secure this loan.
The firm also recently arranged $183.865 million in financing for the Kings/Queens Portfolio, a collection of 22 multifamily buildings in Brooklyn, Queens and Staten Island, totaling 2,104 units and six commercial spaces. Abe Katz and Elliot Treitel of Meridian's N.J. office negotiated to secure a rate of 5.875% over a seven-year term.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Columns and Thought Leadership
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
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,
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
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
