News: Brokerage

Meridian Capital Group negotiates $97.2 million in financing for office, retail, mixed-use and multifamily properties in New York and Queens

Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, has financed the following transactions totaling $97.2 million: * A new $46.5 million mortgage in the amount of $46 on a 151,900 s/f, 17-story, office building on East 45th St. . The loan features a rate of 2.22%. David Hayum of Meridian negotiated this transaction. * A new $19.632 million mortgage was placed by Meridian on three multifamily buildings totaling 202 units located on Jamaica Ave., 144th St. and Merrick Blvd. in Jamaica. The loan features a rate of 2.76% and a five-year term. Hayum negotiated this transaction. * A new $16.1 million mortgage was placed on a 330-unit, 14-story cooperative building on Tudor City Place. The loan features a rate of 3% and a 10-year term. Steve Geller and Nicoletta Pagnotta of Meridian negotiated this transaction. * A new $9.25 million mortgage was placed by Meridian on a 4,200 s/f retail property on Madison Ave. The loan features a rate of 2.95% and a six-year term. Cary Pollack of Meridian negotiated this transaction. * A new $3.225 million mortgage was placed on a 17-unit mixed-use building with 1,500 s/f of retail space on Ludlow St. The loan features a rate of 2.95% and a five-year term. Pollack negotiated this transaction. * A new $2.5 million mortgage was placed by Meridian on a 22-unit, five-story multifamily building on East 7th St. The loan features a rate of 3% and a 10-year term. Morris Diamant of Meridian negotiated this transaction.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

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
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

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.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

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