News: Brokerage

Meridian Capital Group secures $72.6 million in financing; Kesselman negotiates $32 million for two properties

Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, announced the following transactions totaling $72.6 million : * Meridian negotiated a new mortgage in the amount of $32 million on two multifamily buildings totaling 153 units located on West 106th St. The loan features a rate of 3.00% and a 15-year term. Michael Kesselman negotiated this transaction. * New mortgages totaling $18.9 million were placed by Meridian on six multifamily buildings totaling 134 units located on 15th St., Seventh Ave., Eighth Ave., 11th St., First St. and Church Ave. in Brooklyn. The loans feature a rate of 3.00% and a 10-year term. Morris Diamant and Joe Klein negotiated this transaction. * Meridian negotiated a new mortgage in the amount of $8 million on five multifamily buildings totaling 66 units located on Barclay Ave. in Flushing. The loan features a rate of 3.00% and a 10-year term. Joe Taub negotiated this transaction. * A new mortgage of $5.5 million was placed by Meridian on two mixed-use buildings totaling 21 units and 2,370 s/f of retail space located on Mott St. The loan features a rate of 3.13% and a 12-year term. Morris Diamant and Joe Klein negotiated this transaction. * Meridian negotiated a new mortgage in the amount of $4.725 million on two multifamily buildings totaling 29 units located on 67th Rd. in Flushing. The loan features a rate of 3.00% and a 10-year term. Joe Taub negotiated this transaction. * A new mortgage of $3.5 million was placed by Meridian on a 74-unit, 13-story cooperative building located on West 23rd St. The loan features a rate of 3.38% and a 10-year term. Ami Levin negotiated this transaction.
MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.