Category: Brokerage
Message from the CEO of Bronx-Manhattan North Association of Realtors: Safety first!
November 5, 2019
The holiday season will soon be upon us and a celebration will be taking place wherever you may turn. As we prepare for Thanksgiving, Hanukkah, Christmas, and Kwanza, to name a few, safety has to be a priority. More specifically, safety for the Realtors and their clients as the business of real estate involves inherent risks.
Outside the Region: GIP closes two UPREIT deals valued at $18.9 million
November 5, 2019
Norfolk, VA According to Generation Income Properties, Inc., (GIP) two UPREIT transactions were closed on September 30th, which included two buildings totaling 106,621 s/f of office space with a total value of $18.9 million.
Yankelovich of GFI Realty Services acts for buyer and seller in $2.8 million sale
November 5, 2019
Brooklyn, NY GFI Realty Services, LLC handled the $2.8 million sale of 1807 Avenue P, a mixed-use building located in the Midwood neighborhood. The 5,600 s/f building is composed of two apartments and a medical office.
Outside the Region: Cronheim secures $9m permanent financing for Kansas self-storage property
November 5, 2019
Kansas City, KS Cronheim Mortgage secured a $9 million permanent loan for a self-storage facility which was recently renovated. The property was rapidly leasing up but had not quite reached stabilization and American
Outside the Region: Experience One Homes and Kalikow Grp. begin Lightbridge Academy
November 5, 2019
Apex, NC Sweetwater Town Center, a joint project between The Kalikow Group and Experience One Homes, broke ground for a new Lightbridge Academy Child Care Center, one of the first buildings to be constructed in the multi-use complex.
Outside the Region: Dresdner Robin provides laser-scanning tech. for Whole Foods project
November 5, 2019
Jersey City, NJ Dresdner Robin has provided expert services on the future home of the city’s first Whole Foods Market. The firm coordinated local and state approvals, including site plan approval from the city
Outside the Region: Panorama Tower wins award, DeSimone Consulting served as structural engineer
November 5, 2019
Miami, FL Panorama Tower, a mixed-use development located downtown, has won a 2019 Structures Award from South Florida Business Journal for innovative design and positive impact on the surrounding community. As
Stein of Joshua Stein PLLC, and Fries of Sidley Austin LLP speak at MBA lunch
November 5, 2019
New York, NY Joshua Stein, the sole principal of Joshua Stein PLLC, and Richard Fries, a senior real estate partner at Sidley Austin LLP, address questioners at a lunch program on loan workouts in the commercial
O’Toole launches law firm: The Law Office of Eileen O’Toole
November 5, 2019
strong>New York, NY Eileen O’Toole has opened The Law Office of Eileen O’Toole. O’Toole’s practice focuses on counseling owners, lenders and prospective purchasers of residential properties on rent regulatory and
Arch Cos. acquires Brooklyn development site for $2.85 million; financing provided by Tideway Capita...
November 5, 2019
Brooklyn, NY Arch Companies has acquired 550 Metropolitan Ave., the site of a future six-story residential building with ground floor retail in the Williamsburg neighborhood. The acquisition price was $2.85 million.
Outside the Region: Bascom Northwest Ventures acquires 260-unit Denver property for $90.5 million
November 5, 2019
Denver, CO Bascom Northwest Ventures, LLC has acquired 1000 South Broadway Apartments, a 260-unit class-A infill apartment community. The $90.5 million acquisition ($348,076/unit) closed on October 18th, 2019. Terry Daly of
Outside the Region: IPA sells RedHill Pines for $34.5m; IPA Capital Mkts. arranges $23.391 million
November 5, 2019
Kent, WA Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the sale of RedHill Pines, a 168-unit garden-style apartment complex. The property sold for $34.5 million or $205,357 per
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