Murphy of NorthMarq arranges $9.72 million acquisition financing
James Murphy, managing director of NorthMarq Capital's Boston-based regional office secured $9.72 million in acquisition financing for Eastport Industrial Park Buildings I & III, two industrial properties consisting of a combined 366,595 s/f located at 8979-8999 and 8901-8919 Market St. The commercial mortgage transaction was structured with a 5-year term with 1-year interest only and 30-year amortization schedule. NorthMarq arranged financing for the borrower, High Street Realty Company through its correspondent relationship with Great-West Life & Annuity Company.
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
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,
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
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
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.