Herzog, Braddish and Gaccione of CBRE arrange $11.6 million

Senior VP Max Herzog, executive VP Keith Braddish and VP Jason Gaccione, of CBRE's capital markets group, has secured two loans, totaling $11.6 million financed through a correspondent lender. These loans financed 80% of the cost of the land acquisition and predevelopment expenses for the proposed hotel project on the site. The two-parcel vacant site, located at 52-54 West 13th St. between 5th and 6th Aves., has development plans permitting a 40,000 s/f hotel.

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The Domain Cos. closes on $175 million financing with Wells Fargo to deliver 400 housing units

Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.