PNC arranges $13 million FHA-insured Build America Bond (BAB)

PNC has completed one of the first FHA 242-insured, draw-down Build America Bond (BAB) transactions for Wills Memorial Hospital. The $13 million renovation and expansion financing was structured using an FHA-insured mortgage enhanced by Ginnie Mae securities as a source of payment for the Build America Bonds (BABs). The BABs carry a 5.01% fixed interest rate during construction and 25-year amortization period.

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United Properties Corp. expands Wisconsin and Illinois retail presence adding 200,000 s/f

West Allis, WI United Properties Corp. completed two retail acquisitions totaling $27.4 million across Illinois and Wisconsin, adding 205,000 s/f of shopping center space to its portfolio

Cammeby’s successful Q3 office portfolio leases and renewals

Investment Property Realty Group sells 120 Forsyth St. for $1.35 million

IPRG sells 120 Forsyth St. for $1.35 million

Investment Property Realty Group’s Team Friedman closes five Bronx sales totaling $5.3 million

IPRG’s Team Friedman closes five Bronx sales totaling $5.3 million

Lee & Associates NYC arranges 1,350 s/f Williamsburg lease for Molly Tea

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Braverman Greenspun strengthens real estate litigation bench with addition of Rich

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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.

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