News:
Brokerage
Posted: May 19, 2020
Houlihan-Parnes Realtors and GHP Office Realty place $31 million
Tarrytown, NY Rachel Greenspan, Bryan Houlihan and Christie Houlihan of Houlihan-Parnes Realtors, LLC and GHP Office Realty placed $31 million in mortgage financing on the 296,780 s/f, class A office building located at 660 White Plains Rd. The property was purchased in early 2017 by members of GHP Office Realty, Houlihan-Parnes Realtors, and RD Management. Since acquiring the property, the owners have invested millions of dollars in capital improvements and various building upgrades, including a new fitness center and renovated lobby.
GHP Office Realty has been able to increase occupancy at the property from 78% to 98% due to property improvements.
The loan was placed with a local bank with a fixed rate of 3.13% on a 10-year term. The property tenants include: Prestige Brands, ENT and Allergy Associates, and KeyBank National Association. The borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP. Title was insured by John Martin of All New York Title Agency.
Tags:
Brokerage
MORE FROM Brokerage
After the lease is signed: What New York City’s office moves reveal about the changing workplace - by Maya Z.
Signing a new office lease may feel like the end of a long process, but in many ways, it is just the beginning. Once the lease is signed, businesses have to turn decisions made on paper into a functioning workplace. Furniture needs to be
Quick Hits
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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.
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
.gif)
August Promotion
