Pittsford, NY Empire Commercial Construction, a retail-specific division of regional general contractor Taylor–The Builders, was recently awarded the construction contract for Pure Barre Pittsford, the area’s newest barre fitness studio.
Manhattan, NY According to Andy Nemeroff, president of Imperial Capital Company, he closed a first mortgage loan, secured by the property at 130 Bowery St. The property was financed with a major CMBS lender for $12 million, with a ten-year fixed-rate and interest only loan for full term. The interest only feature allowed the ownership to maximize cash flow throughout the term, as the loan was at a very conservative loan-to-value amount.
With major retailers continuing to announce store closings nationwide, these are definitely challenging times for the retail real estate sector. As Amazon continues to expand and other online retailers begin to take off, traditional retail is expected to take an even greater hit than it’s already seeing…
Lake Success, NY Schuckman Realty is a full-service commercial real estate firm serving New York City, including the surrounding tri-state area, Long Island and New Jersey. The company was formed nearly four decades ago in the late 1970s when the retail shopping center business was still in its defining stages. Its founder, Stanley Schuckman, was one of the first…
Brooklyn, NY CPEX Real Estate’s mixed-use investment sales team has sold a three-story mixed-use building located at 451 Irving Ave. in Bushwick. The property sold for $1.65 million, or $367 per s/f.