Category: Brokerage

Bayport Funding, a leading direct portfolio lender providing bridge financing for real estate investors, has announced the closing of a $200 million senior credit facility from Webster Business Credit, a division of Webster Bank and the lead syndication agent in the transaction. The move bolsters Bayport’s already significant financial resources as the firm expands

Binghamton, NY Leadership Alliance CEO, Stacey Duncan, alongside community partners from the Urban League and the United Way of Broome County have announced an award of $750,000 in congressionally directed spending secured by Senator Chuck Schumer

Tarrytown, NY The Building Owners and Managers Association of Westchester (BOMA) announced that the City of Yonkers and Iona University will be the honorees at BOMA’s 31st Annual Hall of Honor Awards Dinner to be held

New York, NY Rudin, a full-service real estate organization, will be relocating nonprofit mental health provider Vibrant Emotional Health (Vibrant) to 80 Pine St., its 1.2 million s/f financial district office tower, with a 15-year lease totaling 59,550 s/f. Vibrant Emotional Health’s footprint will span the entire 18th and 19th floors of the 38-story building.

Bronx, NY The Doe Fund, a homeless services nonprofit with a portfolio of transitional, affordable, and supportive housing throughout NYC, celebrated the topping out of its latest real estate development at 4519 White Plains Rd. The nine-story, $48.5 million joint venture — known as The Plains and designed by OCV Architects — is the second The Doe Fund has undertaken with Robert Sanborn Development.

Perry, NY KeyBank Community Development Lending and Investment (CDLI) provided $10.6 million to Rochester’s Cornerstone Group, Ltd. (Cornerstone) for the acquisition and rehabilitation of Silver Lake Meadows, a 52-unit, fully subsidized family project at 165 Lake St.

North Creek, NY Muroff Hospitality Group sold The Phoenix Inn Resort (formerly known as the Copperfield Inn), at 307 Main St., for $1.94 million. Mitch Muroff represented the seller, Diana Espalza, and secured the buyer, Buhai and Zihan Ren, in this exclusive offering.

Hempstead, NY Short Term Capital, a New York-based family office,  has purchased a $3.9 million non-performing note from the lender of a commercial property owner. The 16,907 s/f property,  located at 999 Hempstead Tpke.

Verona, NY On March 21st, NYSCAR will feature Joseph Larkin, CCIM, MCR, SIOR teaching Real Estate Investment Measurements Using Excel. Time: 11:00 am – 1:00 pm via Zoom

New York, NY Fisher Brothers, a leading New York City-based real estate firm, today announced it will continue its partnership with Basta, an organization that connects first-generation college students of color with career-building opportunities. For the past two years, Basta and Fisher Brothers have supported a paid fellowship program,

Albany, NY James Kelly, CCIM, Hanna Commercial Real Estate, Syracuse, was named NYSCAR’s Realtor of the Year for 2022 during the February 7 NYSCAR board meeting. The NYSCAR Realtor of the Year award is given each year to recognize an outstanding active member of the New York State Commercial