Krupoff of Capmark finances $25 million for Highcroft Apartments
Capmark Finance Inc. originated $25 million in financing for the acquisition of Highcroft Apartments, a multifamily property by Security Properties Inc. Situated on 9.41 acres at 1501 145th Place Southeast, the 159,863 s/f property is 98.8% occupied. Loan proceeds will be used to complete interior and exterior renovations, which will allow Security Properties to increase rents for the property. VP Jason Krupoff of the Capmark Finance Orange County, Calif., office originated the transaction.
Lackawanna, NY Agri-Plastics, a global leader in the manufacturing of plastic products for agricultural, industrial, recreational, environmental, and home industries, has signed a 64,000 s/f lease to open a
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,