What was your most notable project, deal or transaction in 2013?
2013 was an exceptional year for HKS Capital Partners but what stands out as the greatest accomplishment is sourcing debt for three loans for one borrower for a total of $94 million. The loans entailed three acquisitions, two residential value added buildings on the Upper West Side and one to be built boutique hotel in Midtown East.
We are currently in the final stages of completing a fourth much larger transaction for the same borrower which should be in application as this is printed. What makes this entire process so special is that the driving force behind those deals is someone who started his real estate career with me as my assistant at my former firm. I would like to believe that whatever training I gave him helped to create what he has become in our industry.
This special section will feature projects completed within the past six months as well as projects that are currently under construction across Long Island, submitted by developers, general contractors, construction managers, and architectural firms.
Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.