Hyde Park closes $3.85 million reposition/renovation loan

Hyde Park Commercial Group, a Cincinnati-based advisory firm, has closed a $3.85 million loan for a 188-room un-flagged hotel to be flagged a Clarion by Choice Hotels. The hotel was an un-flagged hotel facing a loan maturity and desire to join a franchise with a strong central reservation system. Through due diligence, Hyde Park CG was able to work with the sponsors to bring in Choice Hotels, assist to obtain a Clarion flag, recommended a new management company, GC, owners rep, and assist with renovation and FF&E quotes. The loan was arranged through a specialty lender and allowed the ownership loan proceeds to complete a total renovation plan, and refinance their existing debt. This PIP and loan was completed start to finish in less than 30 days.

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Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

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BKM Capital Partners releases Q2 2026 Light Industrial Market update; small-bay industrial gains ground as leasing rebounds and supply tighten

Columns and Thought Leadership

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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.

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