Berkadia Commercial Mortgage originated $3 million in fixed-rate, permanent debt to refinance the Curtis Building, a multi-tenanted industrial/office condominium property. The loan has a 10-year term and a 20-year amortization. Senior VP Warren Higgins of Berkadia's Philadelphia office originated the loan through Sun Life Assurance Co. of Canada. Wilbur Henderson is the principal of the borrowing entity, Curtis Park Associates.
Manhattan, NY According to the Durst Organization, full-service law firm Nutter is expanding their office at 5 Grand Central East to 11,438 s/f. Nutter will take the entire 25th floor, in addition to renewing the firm’s existing office space on the 27th floor of the building.
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
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
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
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.