Morris and Stewart of Cronheim complete $103.511m note purchase
Cronheim Mortgage completed a $103.511 million note purchase for three corporate offices in Las Vegas, Nev., Memphis, Tenn. and Columbus, Ind.
Dev Morris and Andrew Stewart completed the acquisition of a single loan collateralized by the three single-tenant net leased properties occupied by NV Energy, FedEx, and Cummins, Inc. The loan was acquired in a pari-passu partnership by Cronheim's correspondent investors for which they will act as the servicer. The seller was KeyBank National Association, who originated the debt in 2007 for affiliated entities of Lexington Realty Trust as borrower.
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.
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
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
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.