Category: Brokerage
KeyBank secures $17.7 million of financing for 131-unit Broadway Terrace
June 27, 2023
Manhattan, NY KeyBank Real Estate Capital (KBREC) arranged a $17.7 million Fannie Mae first mortgage loan secured for Broadway Terrace, 131-unit garden style apartments located in New York City. Built in 1927, Broadway Terrace consists of eight, four-story residential buildings, located in
Balancing act: NYC hotels balancing migrant housing and tourism - by Anudeep Gosal
June 27, 2023
New York City’s hotel industry contends with a unique quandary in its post-pandemic resurgence. Over 140 city hotels are doubling as migrant accommodations, especially in the certain neighborhoods in the boroughs. This is limiting inventory availability and inadvertently
New York remains a top market for life sciences research talent according to CBRE analysis
June 27, 2023
Manhattan, NY The Greater New York market ranked fourth in the nation for life sciences research talent, according to a recent analysis conducted by CBRE. Nationally, the growth of U.S. life sciences researchers remains resilient in the face of economic concerns, with the number
Pyramid Management Group restructures/extends loan on Poughkeepsie Galleria
June 27, 2023
Syracuse, NY Pyramid Management Group has worked with its lender to restructure and extend the loan on Poughkeepsie Galleria. The extension of Poughkeepsie Galleria’s loan allows Pyramid to continue to reinvest in the shopping center, ensuring its health, vibrancy, and dominan
Alberts of Forchelli Deegan Terrana installed as director of Nassau County Bar Association
June 27, 2023
Mineola, NY According to Forchelli Deegan Terrana LLP, partner and co-chair of the firm’s tax, trusts & estates practice group, Stephanie Alberts, was elected to the Nassau County Bar Association’s (NCBA) board of directors.
New York real estate education changes/requirements by licensing law - by Edward Smith
June 27, 2023
Prior to July 1, 2021, if you were a real estate broker for 15 years or more you were exempt from taking Continuing Education courses, known as being “grandfathered”. As of July 1, 2021, grandfathering ended and all real estate licensees must take 22.5 hours of continuing education, every two
Cain acquires $1.2 billion PacWest New York portfolio
June 27, 2023
New York, NY Cain International (Cain), in partnership with Security Benefit Life Insurance Co., has agreed to acquire a portfolio of real estate construction loans from Pacific Western Bank (PacWest) with total commitments in excess of $1.2 billion.
Innovo Property Group secures $354 million equity recapitalization and construction financing
June 27, 2023
Queens, NY Innovo Property Group (IPG) closed on $354 million of equity and vertical construction financing for a New York City industrial project. The site is located at 28-90 Review Ave., at the intersection of Review and Borden Aves. in Long Island City. The Urban Investment Group within Goldman
Madison International Realty and Joseph P. Day Realty Corp. lease 47,160 s/f at Tower 40
June 27, 2023
Manhattan, NY Madison International Realty and Joseph P. Day Realty Corp. negotiated four new transactions totaling 47,160 s/f in leasing activity at 10 East 40th St., now known as Tower 40
IREON New Member Profile: Tommy Tomczy
June 27, 2023
Name: Tommy Tomczyk
Title: District Manager
Company: Collins Building Services
IREON New Member Profile: Alex Lipsky
June 27, 2023
Name: Alex Lipsky
Title: Owner
Company: Lipsky Construction
IREON New Member Profile: David Cobos
June 27, 2023
Name: David Cobos
Title: Area Manager
Company: Collins Building Services
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