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Why Long Island City’s “LIC One” Rezoning Could Hurt Property Values for Some Owners - by Cole...
August 4, 2025
The recent "One LIC" rezoning proposal—a sweeping land-use change aimed at boosting housing production in Long Island City—has sparked growing concern among property owners, as all upzoned sites will be subject to Mandatory Inclusionary Housing (MIH). While the initiative
The Art and Agony of Pre-War Renovations in New York City: Balancing Charm, Compliance, and Chaos: R...
August 6, 2025
New York City’s pre-war buildings are monuments to craftsmanship, as iconic as the skyline itself. Ornate plaster ceilings, original hardwood floors, mosaic-tiled lobbies—they're irreplaceable and unapologetically beautiful. But ask any architect or contractor
Flemington Marketplace hits full occupancy with Norman’s Hallmark signing
July 29, 2025
Flemington, NJ Flemington Marketplace?in Flemington is now fully leased following the signing of?Norman’s Hallmark, which will open soon in a 4,100 s/f space at the 239,000 s/f shopping center. The card and gift retailer is the latest addition to the property
Forchelli Deegan Terrana LLP Partner Daniel S. Dornfeld Elected to the Board of Directors for The R...
July 29, 2025
Uniondale, NY According to Forchelli Deegan Terrana LLP, Daniel Dornfeld, a partner in the real estate, IDA benefits and government incentives, corporate, and cannabis practice groups, was selected to serve on the Board of Directors for the SBU Real Estate Institute
Pickard Chilton announces completion of The Eight
July 29, 2025
Bellevue, WA Pickard Chilton, an award-winning architecture studio best known for its innovative and cutting-edge design of corporate headquarters and campuses, has completed The Eight, a 25-story, 799,933 s/f office tower. Pickard Chilton served as the project
Cronheim Hotel Capital secures $19.5 million for the refinance of Hasbrouck Heights Hilton
July 29, 2025
Hasbrouck Heights, NJ Cronheim Hotel Capital (CHC) has secured $19.5 million to refinance the Hasbrouck Heights Hilton. The financing was secured from a bank and provided the sponsor cash out proceeds, a floating rate with a spread in the mid-200’s and no prepayment
Marcus Partners, Sterling Properties, and Danbro Properties close on site for new multifamily projec...
July 29, 2025
Watchung, NJ Marcus Partners has joined with Sterling Properties and Danbro Properties in closing on Blue Hill at Watchung, a 230-unit luxury multifamily community now under construction. The project, which was entitled by Sterling and Danbro, is set on 41.8 acres and marks a significant
Cronheim Hotel Capital secures $30.3 million to refinance the Alloy Suites King of Prussia Doubletre...
July 29, 2025
King of Prussia, PA Cronheim Hotel Capital (“CHC”) secured a $30.3 million loan for affiliates of Concord Hospitality to refinance the existing note on the 327 room DoubleTree. Beau Williams, senior managing director, and Drew Gilligan, director, arranged the loan
255,069 s/f lease signed by Turnbridge Equities at newly acquired warehouse
July 29, 2025
Bayonne, NJ The real estate investment and development firm Turnbridge Equities has signed a long-term industrial lease for 255,069 s/f at 169 Pulaski Street to TWTH Express for its newest warehouse and distribution facility, announces Ryan Nelson, managing principal
BH Properties acquires value-add retail asset along I-80
July 29, 2025
Fairfield, CA BH Properties, a vertically integrated, value-add real estate investment firm, has acquired a dual-building, multi-tenant retail center located at 1370–1380 Holiday Lane, directly adjacent to Interstate 80. The acquisition expands the firm
Prism Capital Partners secures three key redevelopment plan approvals for ON3
July 29, 2025
Clifton & Nutley, NJ Prism Capital Partners has secured three key redevelopment plan approvals from the City of Clifton and Township of Nutley for its mixed-use ON3 campus. Together, the milestones pave the way for the construction of up to 1,074 multifamily units
Cronheim Hotel Capital secures $39 million for the construction of AC Hotel Knoxville Downtown
July 29, 2025
Knoxville, TN Cronheim Hotel Capital (“CHC”) has secured $39 million for the construction of the AC Hotel Knoxville Downtown. The financing provides up to 75% of the total project costs on a non-recourse basis and incorporates a creative CPACE
Cronheim Mortgage secures $27.917 million for the acquisition of Woodmont Liberty apartments
July 29, 2025
Hackettstown, NJ Cronheim Mortgage (“Cronheim”) has secured $27.917 million from a national life insurance company to capitalize the acquisition of Woodmont Liberty, a 120-unit, Class-A multifamily asset. The seven-year, non-recourse financing attractively
Gasser of Largo Capital arranges $2.178 million financing
July 29, 2025
Sarasota, FL Matt Gasser of Largo Capital, Inc. arranged acquisition financing for the Tire Kingdom property. The $2,178,000 loan, provided through a credit union, represents a 60 percent loan-to-value ratio at a 6.25% rate with no prepayment penalty
Ross of Largo Capital secures $29.315 permanent first mortgage
July 29, 2025
Québec, QC Kevin Ross, managing director at Largo Capital Limited, secured a permanent first mortgage for three parcels of the Mega Centre Lebourgneuf. This power center is occupied by national retailers and shadow anchored by major big-box stores. The property
Signature Acquisitions adds Harbor Freight to JAPM Plaza in Greece, NY
July 29, 2025
Greece, NY Signature Acquisitions has welcomed Harbor Freight to JAPM Plaza, located at 3042 West Ridge Rd. Harbor Freight plans to open this month. Ken Bronwell of Vanguard Fine represented the tenant, and Chris Giunta
Join NYREJ in Celebrating Women in CRE!
July 29, 2025
We’re excited to announce that the New York Real Estate Journal’s annual Women in Commercial Real Estate Spotlight will be published in our August 26 issue—and the nomination portal is now open!
Skanska concludes renovation of
HSS Sports Medicine Institute West Side
July 29, 2025
Manhattan, NY Skanska, a leading global construction and development firm, today announced the completion of the $8 million renovation of Hospital for Special Surgery (HSS) Sports Medicine Institute West Side. Skanska worked with Batska Consulting Group, the owner’s project
CM&B promotes Guillaume to senior vice president of accounting and finance
July 29, 2025
Beverly, MA CM&B has promoted Karen Guillaume to senior vice president of accounting and finance. This well-deserved promotion is a recognition of her exemplary leadership, deep financial expertise, and significant contributions to the success and stability of the firms financial operations.
September Promotion
