Category: Brokerage
SWBR recognized with Landmark Society Award for church restoration
January 7, 2020
Rochester, NY SWBR has been recognized by the Landmark Society of Western New York with a 2019 Stewardship Award for its work restoring Our Lady of Victory church. The annual award is given to individuals and organizations
RAC NYSCAR holds 19th annual President’s Dinner and Awards
January 7, 2020
Rochester, NY The Rochester Area Chapter of the New York State Commercial Association of Realtors (RAC NYSCAR) held its 19th annual President’s Dinner and Awards Ceremony on November 14th at the Casa Larga Vineyards and Winery.
2019 Year in Review: Harry Zlokower, Zlokower Company Public Relations
December 31, 2019
What are your predictions for commercial real estate in 2020?
Commercial real estate will contend with the legislative changes which appear to have diminished the multifamily investment sales market.
2019 Year in Review: Jake Blatter, KFIR Capital
December 31, 2019
What are your predictions for commercial real estate in 2020?
Transactionally I believe the commercial real estate market will remain stagnant. The ink is barely dry on the new rent regulations and
JBA Equities closes $135 million financing package for Mondrian Park Ave. Hotel in Manhattan
December 17, 2019
Manhattan, NY According to Jonathan Aghravi of JBA Equities, his team has secured a $135 million financing package for the Mondrian Park Ave. hotel located at 444 Park Ave. South. Aghravi and his team consisting of Charles Han and Eli Terry, along with Tal Bar-or of Lantern Real Estate, represented
Safehold Inc. closes acquisition of existing ground lease at 425 Park Ave. for $620 million
December 17, 2019
Manhattan, NY Safehold Inc. has closed on the acquisition of the existing ground lease at 425 Park Ave. for $620 million. In connection with this transaction, the company entered into a joint venture agreement with a sovereign wealth fund in
The Wizard of OZ (that’s “Opportunity Zones”): Kowalski on What’s Next From Treasury, Part 2...
December 17, 2019
New York City, Connect Opportunity Zone Conference, Harvard Club, October 22nd, continued: As December 31st (a mini-“D-Day”) approaches for the OZ program (very “mini” in the opinion of many), and the U.S. Treasury Department works on the
Zar Property NY completes five leases at 250 West 54th St.: 18,750 s/f
December 17, 2019
Manhattan, NY Zar Property NY has completed five leases totaling 18,750 at 250 West 54th St. Black Iron Burger signed a 15 year lease for a 3,600 s/f retail space. This will be the burger chain’s 5th NYC location. Albert Manopla and Carolina Aziz of Kassin Sabbagh Realty
Signature Bank sponsors FHLBNY 2019 AHP grant application for CHDC
December 17, 2019
Manhattan, NY According to Signature Bank, it sponsored a Federal Home Loan Bank of New York (FHLBNY) grant application under the Affordable Housing Program, on behalf of Clinton Housing Development Co. (CHDC).
SquareFoot raises $16 million in Series B funding
December 17, 2019
New York, NY SquareFoot unveiled a $16 million Series B funding round led by DRW Venture Capital (DRW VC). Existing investors, including Triangle Peak Partners, RRE, Rosecliff, and senior real estate executives, also joined the round.
GCP Capital Group arranges nine mortgages totaling $108.625 million
December 17, 2019
Manhattan, NY GCP Capital Group LLC has arranged mortgage financing totaling $108.625 million for the following properties: $25 million for a five-story multifamily apartment building containing 80 units and two stores, located in Long Island City.
Thor Equities refinances 267,226 s/f property; $92.2 million financing provided by MetLife
December 17, 2019
Brooklyn, NY Thor Equities Group has refinanced 180 Livingston St. for $92.2 million, according to company executives. Acquired by Thor Equities in 2015, 180 Livingston St. features 267,226 s/f of office and retail space. Nearly 100% occupied,
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