Category: Brokerage
Merchants Capital secures $231 million for 877-unit
NYCHA PACT renovation of Eastchester Gardens...
June 24, 2025
Bronx, NY Merchants Capital secured $231 million in total financing for the renovation of Eastchester Gardens, a $391 million New York City Housing Authority (NYCHA) Permanent Affordability Commitment Together (PACT) project that spans 10 residential buildings. Eastchester Gardens is one of the oldest
New York City Department of Transportation leases 212,094 s/f at Metropolitan Realty Associates and ...
June 24, 2025
Long Island City, NY Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), said that the New York City Department of Transportation (DOT) has signed a long-term lease at HUB LIC, located at 47-25 34th St. The 21-year lease covers 212,094 s/f across the entire ground
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Mich...
June 24, 2025
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
VOA-GNY and Sanborn celebrate completion of YP Senior Residence
June 24, 2025
Bronx, NY Mayor Eric Adams and governor Kathy Hochul made known the completion of YP Senior Residence, a 117-unit affordable housing development in the Morris Heights neighborhood reserved for older New Yorkers who meet specific income restrictions. The $81 million project includes 37 supportive apartments
RIPCO Real Estate closes condo construction loan at 842 Sixth Ave. for $76.7 million
June 24, 2025
Manhattan, NY RIPCO Real Estate has secured $76.7 million in first mortgage construction financing for 842 Sixth Ave., a luxury condominium development located in the NoMad neighborhood. Upon completion, the 27-story building will comprise 101 units and total 85,176 sellable s/f, including 100
Upstate NY’s Trinity Realty Group joins X Team Retail Advisors
June 24, 2025
Albany, NY X Team Retail Advisors, a national platform comprised of nearly 400 retail real estate specialists spread across nearly 50 markets in the U.S. and Canada, continues to expand its national footprint. The latest to join as an affiliate member is Trinity Realty Group (TRG), a market-leading retail
Dunne, Apfel and Langer of CBRE sell 1 Water St. for Veris Residential
June 24, 2025
White Plains, NY CBRE brokered the sale of 1 Water St., a 1.3-acre development site to David Gaber of Bijou Properties and Kavneet Sethi of Green Property LLC. The CBRE team of Jeffrey Dunne, Eric Apfel, and Travis Langer represented the seller, Veris Residential.
Heritage Affordable Communities acquires Claremont Park
June 24, 2025
Bronx, NY Heritage Affordable Communities (HAC) acquired Claremont Park, a 101-unit affordable housing property. Originally developed in 2007 through the Low-Income Housing Tax Credit (LIHTC) program, this year 15 preservation transaction ensures continued stability and long-term affordability for residents.
Longacre acquires Simply Better Affordable Housing portfolio
June 24, 2025
Bronx, NY Longacre, a joint venture between Peter Hungerford’s PH Realty Capital and David Kaye and Joe Listhaus’s Rockledge, has acquired the Simply Better Affordable Housing portfolio from Related. The portfolio comprises 2,021 rent-stabilized units across 34 multifamily properties,
AmTrust RE inks lease with Rose & Rose for 14,067 s/f
June 24, 2025
Manhattan, NY AmTrust RE has finalized a lease with Rose & Rose for 14,067 s/f of space at 250 Bdwy., the firm’s office tower in Lower Manhattan. AmTrust’s Anne Holker and a CBRE team of Brad Gerla, Michael Rizzo, and Alex Benisatto represented the landlord in the transaction, while Jacob
DLA Piper welcomes Hanofee to real estate practice
June 24, 2025
Manhattan, NY DLA Piper welcomes Ryan Hanofee as a partner in the real estate practice. He will spend time in the firm’s Boston and New York offices. Hanofee has a wide-ranging real estate practice that includes single asset and portfolio joint ventures, financings, acquisitions
Camhi and Milunec of RFR broker three lease renewals at Seagram
June 24, 2025
Manhattan, NY RFR’s Seagram building had three lease renewals among long-term tenants. Home Depot co-founder Ken Langone’s Invemed Associates and Bill Berkley’s Berkely Insurance Group have committed to lease renewals that will bring their tenancies at Seagram to 33 years and 17 years,
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