Leslie of Cushman & Wakefield closes $3.8 million loan
Cushman & Wakefield revealed the closing of a $3.8 million non-recourse loan, collateralized by a mixed-use building at 92 West Houston St. in the borough's Greenwich Village. The loan features 30-year amortization and a rate of 3.6%.
"Cushman & Wakefield's Brendan Gotch recently handled the leasing of the retail space and because of a significant increase in the value of the property due to this new leasing, we were able to secure a cash-out refinance for the owner," said Cushman & Wakefield's John Leslie, who exclusively handled this transaction. "This is a classic example of how Cushman & Wakefield offers our clients a variety of services to maximize the value of their real estate assets," Leslie said.
Port Chester, NY JLL Capital Markets has arranged KABR Group’s $30.675 million acquisition of 1 North Main St., a newly constructed mixed-use multifamily and retail development.
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,
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