News:
Brokerage
Posted: August 24, 2015
Procida's 100 Mile Fund tops $200 million in new loan originations
According to Procida, it's 100 Mile Fund has topped $200 million in new loan originations since launching their real estate investment fund in October of 2011. The 100 Mile Fund also revealed a 17.2% annualized percentage yield to their investors for the first half of 2015.
Some highlights of the 100 Mile Fund's activity for the first half of 2015 included:
* A $7.5 million 1st Mortgage Pre-Development Loan on a 19.2 acre site in Ridgefield, N.J.;
* A $3.45 million 1st Mortgage Acquisition Loan on a 127,000 s/f industrial warehouse in Ridgefield Park, N.J.;
* A $1.2 million 1st Mortgage Bridge Loan on a mixed-use building in Philadelphia, PA; and
* A $1.81 million 1st Mortgage Acquisition Loan secured by properties located in Paterson, N.J.
Tags:
Brokerage
MORE FROM Brokerage
Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way
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
.jpg)
.gif)
Columns and Thought Leadership
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
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,
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.
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
.gif)