PNC ARCS places $9m loan for 140-unit prop. in Santa Maria, Calif.

PNC ARCS, a PNC Real Estate Finance company, has placed $9 million in financing for The Village Townhomes, a 140-unit property. Completed in 1962, The Village Townhomes is a two-story garden style complex on more than 4 acres. Amenities include carport parking and laundry rooms. The loan was for a seven-year term/interest-only at a rate of 5.8%. The loan was originated by PNC ARCS' Calabasas Hills office through Freddie Mac.

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Investment Property Realty Group represents The Vaja Group in $26.4 million acquisition of fully entitled Astoria development site

Queens, NY Investment Property Realty Group (IPRG) arranged The Vaja Group’s $26.39 million acquisition of 24-41 31st St., a fully entitled development site in Astoria. The 29,638 s/f site traded for $176 per buildable s/f.

Lee & Associates NYC arranges 14,000 s/f Midtown office lease for Julie Vos

Lee & Associates NYC arranges 14,000 s/f office lease for Julie Vos

Aaron of Horvath & Tremblay sells 10-unit mixed-use building at 168 Suffolk St.

Aaron of Horvath & Tremblay sells 168 Suffolk St.

Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Marcus & Millichap brokers sale of free-market mixed-use property in Brooklyn

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

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OPEN Impact Real Estate secures 77,000 s/f lease of former Catholic School

Columns and Thought Leadership

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.