Vornado Realty Trust completes 10-year $660 million mortgage financing

Through a subsidiary of Vornado Realty Trust, the company sold $660 million of 10-year mortgage notes in a single issuer securitization. The notes are comprised of a $600 million fixed-rate component and a $60 million variable rate component and are cross-collateralized by 40 strip shopping centers located in the Mid-Atlantic region. The $600 million fixed-rate portion bears interest at the initial rate of 4.17% and a weighted average of 4.31% over the 10-year term.

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Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

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