Category: Brokerage
Schiavello and Gray of Horvath & Tremblay sell dark Walgreens
at 17506 Hillside Ave. for $7.5 mi...
May 28, 2024
Queens, NY Steven Schiavello and Patrick Gray of Horvath & Tremblay have completed the sale of a dark Walgreens located at 17506 Hillside Ave. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this
REAL New York achieves $1 billion in sales and finds homes for over 100,000 New Yorkers
May 28, 2024
Manhattan, NY REAL New York celebrates more than 10 years in business and its growth, achieving $1 billion in sales and finding a home for more than 100,000 New Yorkers since its inception. Started by Robert Rahmanian and Louis Adler focused on rentals in the Lower East Side
Santander Bank, N.A. servicing assets in $9 billion portfolio formerly owned by Signature Bank
May 28, 2024
New York, NY Santander Bank, N.A. is servicing 100% of the assets in a $9 billion portfolio of New York-based, multifamily real estate assets formerly owned by Signature Bank. In December 2023, Santander Bank closed a transaction with the FDIC to participate in a joint
Executive of the Month: Question and answer with
David Wilkes, partner at Cullen and Dykman
May 28, 2024
You recently moved your practice to a larger firm with a more diverse practice. Why Cullen and Dykman for property tax?
This area of law and services is at a key moment of great change that will no longer be the domain of a handful of boutique firms that
The 721 Exchange UPREIT exit strategy for Delaware Statutory Trust investors explained - by Dwight K...
May 28, 2024
One of the most important questions Delaware Statutory Trust real estate investors need to ask themselves is, “What is my long-term, exit strategy?” Most Delaware Statutory Trust (DST) investments are typically held for approximately 5-10 years
Pembrook nears $2 billion in affordable, workforce housing loan volume
May 28, 2024
Manhattan, NY Pembrook Capital Management LLC (Pembrook), a national affordable and workforce housing lender, has originated or participated in 148 investments approaching $2 billion since its inception in 2007.
Broome County IDA named lead agency for Broome Technology Park SEQRA review
May 28, 2024
Union, NY The Broome County Industrial Development Agency said that the New York State Department of Environmental Conservation has designated the IDA as the lead agency for a New York State Environmental Quality Review (SEQRA) environmental impact assessment of
Perlman of Largo Real Estate secures $4. 5million first mortgage to refinance mixed-use property
May 28, 2024
Depew, NY Ned Perlman, vice president of originations at Largo Real Estate Advisors, Inc. secured a $4.5 million permanent first mortgage to refinance a mixed-use property. Perlman placed the loan with one of Largo’s correspondent life insurance companies and features a
Bayport Funding provides $2.2 million loan for multifamily property
May 28, 2024
Brooklyn, NY Bayport Funding has closed a $2.2 million acquisition and construction loan for the redevelopment of a two-family home into a five-unit multifamily property. The 4,158 s/f building, originally constructed in 1899, is located on Putnam Ave.
Rand Commercial sells Church of St. Ann and School property to The Westchester School for Special Ch...
May 28, 2024
Yonkers, NY The Church of St. Ann and School at 40 Brewster and 56 Dunston Aves. was sold to The Westchester School for Special Children. The 1.15-acre site, located in the Dunwoodie neighborhood, is improved with three buildings: an elementary school, a former
Subchapter V bankruptcy filings for multi property real estate - by Thomas Kearns
May 28, 2024
I have long been a proponent of using bankruptcy laws to workout distressed real estate. Bankruptcy courts are much faster than New York State courts are at ordering properties sold and the statutory system is more effective in resolving all open claims. Bankruptcy filings get a bad
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