Phillips of Largo Real Estate arranges $10.975 million permanent first mortgage

East Amherst, NY Jack Phillips of Largo Real Estate Advisors, Inc. arranged a $10.975 million permanent first mortgage to finance the acquisition of a 34,094 s/f single-tenant medical office building.

Situated along Transit Rd., one of Western New York’s most trafficked commercial corridors, the property benefits from visibility, demographics, and long-term tenant stability. The asset represents a high-quality investment opportunity within one of the region’s most desirable markets.

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The Domain Cos. closes on $175 million financing with Wells Fargo to deliver 400 housing units

Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.