Category: Brokerage
Metropolitan Realty Associates completes $18 million
refinancing of 81 Spence Street
January 16, 2024
Bayshore, NY According to Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (“MRA”), MRA has completed the refinancing of 81 Spence St. The refinancing occurred after securing an extended long-term lease with Duro Dyne National Corporation
Lightstone secures $165.6 in financing for Gowanus rental property
January 16, 2024
Brooklyn, NY JLL Capital Markets has arranged a $165.584 million refinancing for 365 Bond St., a 430-unit multi-housing property in Gowanus. JLL represented the borrower, Lightstone to secure the five-year, fixed-rate loan through Freddie Mac Multifamily.
Perlman of Largo arranged construction financing for mixed use development
January 16, 2024
Amherst, NY Ned Perlman, vice president of Originations at Largo Capital, Inc. arranged construction financing for the development of a mixed-use property. Upon completion, the subject property will feature 67 apartments
Due Diligence - by Kyle Scheiner
January 16, 2024
In a world where everything, from shopping to banking, is done on the internet, the ability to research due diligence effectively and quickly on real estate is a major asset to buyers, lenders, brokers, and attorneys
Sahn Ward Braff Koblenz Coschignano PLLC - new name and firm leadership attorneys
January 16, 2024
Uniondale, NY As Sahn Ward begins its 25th anniversary year, Elisabetta Coschignano has become a member of the firm. To recognize this milestone, and Coschignano’s accomplishments and contributions to the firm’s growth and development
Sherman of Baseline Real Estate Advisors completes $15.2 million sale of four properties
January 16, 2024
Brooklyn, NY Michael Sherman, founder of Baseline Real Estate Advisors completed the sale of The BK Package consisting of 16 units in Carroll Gardens, Park Slope and downtown Brooklyn for $15.2 million. The four properties are 74
M&T Realty Capital Corporation appoints new CEO and other organizational changes
January 16, 2024
Baltimore, MD M&T Realty Capital Corporation (M&T RCC), a wholly-owned subsidiary of M&T Bank specializing in providing competitive financing nationwide for multifamily properties, commercial income properties, healthcare facilities, and other property types, has a series of organizational changes designed to
Rand Commercial completes sale of two parcels for $6.73 million
January 16, 2024
Montebello, NY Rand Commercial completed the sale of two parcels at 100 and 300 Rella Blvd. (55.08-1-5 and 1-6) sold to Montvale, NJ-based Rella Owner LLC. The two parcels, totaling 19.34+/-acres sold for $6.73 million
New York State sales tax considerations for the commercial real estate industry - by Sapna Pillai
January 16, 2024
Commercial property owners should be aware of the rules and regulations governing the complex sales and use tax issues that affect the New York commercial real estate industry. These include the taxability
Farrell and McCabe to lead Sahn Ward’s Suffolk office
January 16, 2024
Hauppauge, NY John Farrell and Edward McCabe, two of Sahn Ward’s most experienced attorneys, lead the Firm’s Suffolk County office, located at 1300 Veterans Memorial Hwy. The Firm opened the Suffolk office in 2018 to serve its clients
Project REAP – Applications open now for the 2024 Spring Academy
January 16, 2024
Project REAP (Real Estate Associate Program) announces the return of the REAP Academy in spring 2024, bridging the gap between talented, diverse professionals and the commercial real estate (CRE) industry
Shawmut Design and Construction appoint Praylo to board of directors
January 16, 2024
Manhattan, NY Shawmut Design and Construction and its chair of the board, Kimberly Bishop, has appointed senior construction and real estate executive, Paul Praylo, to the board of directors. Praylo’s experience directing financial and business operations for global companies,
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