News:
Brokerage
Posted: October 20, 2011
Provident Bank and Continental Organics celebrate groundbreaking; For new 900,000 s/f facility in New Windsor
Executives of Provident Bank and Continental Organics joined together on September 8th to celebrate the groundbreaking for Continental Organics' new 900,000 s/f facility Continental Organics is a service-disabled Veteran-Owned Small Business specializing in the production of organic produce, fish and fertilizer.Provident is providing the financing to construct phase I of the construction project. Once construction is complete, two commercial mortgage loans will close. The first mortgage will be provided by Provident and the second mortgage will be provided by the N.Y. Business Development Corp. through the Empire State Development Corp. and the Small Business Administration (SBA 504 Loan Program). Provident will also be providing the company with a revolving line of credit when they begin to operate the business.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 250 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
Quick Hits
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
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
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,
.gif)