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S3 Capital originates $79 million construction
loan for 138-unit 250 W 49th St.
February 11, 2025
Manhattan, NY S3 Capital originated a $79 million construction loan for the acquisition and development of a premier 28-story, mixed-use rental building at 250 W 49th St., located at the corner of 8th Ave. and 49th St. in Midtown West. This marks S3’s fourth $50 million+ loan originated
Platinum Properties names new chief executive officer
February 11, 2025
Manhattan, NY Platinum Properties named co-founder and chief operating officer Dezireh Eyn has been named the company’s new chief executive officer. Co-founder Khashy Eyn, who has served as the firm’s chief executive officer since 2005,
ARD Capital Group closes $6.7 million refinance for 24-units
February 11, 2025
Brooklyn, NY ARD Capital Group, the capital advisory and brokerage firm headed by Simon Dilmanian, closed a $6.7 million refinance for a 24-unit multifamily property in Bushwick on behalf of clients Daniel Yaghoubi and Dr. Jeremy Nikfarjam.
BHI serves as senior lender for $99 million loan to renovate 95 Madison Ave.
February 11, 2025
Manhattan, NY BHI, the U.S branch of Bank Hapoalim, B.M. will serve as the senior lender for a $99 million construction loan to renovate the 17-story office building at 95 Madison Ave., also known as The Emmett Building, for residential use. Under the terms,
Riley of Cushman & Wakefield to head Upstate New York Chapter of the Appraisal Institute
February 11, 2025
Syracuse, NY The Upstate New York Chapter of the Appraisal Institute (AI) will be led by Shawn Riley, MAI of Cushman & Wakefield as president for 2025. Other officers include Thomas LaBelle, MAI, AI-GRS as vice president, Robert Chelus, AI-GRS as
Resolution RE finishes 2024 with three back-to-back commercial condo sales
February 11, 2025
Manhattan, NY The commercial condo/co-op sales division of Resolution Real Estate, a member of NAI Global, said goodbye to 2024 with fourth quarter closings of a retail condominium at 5 East 16th St., and two office condominium sales at 32 West
Cresa arranges 10-year lease renewal for S. Rothschild at 1407 Broadway
February 11, 2025
Manhattan, NY Cresa managing principal Peter Sabesan and senior vice president Matthew Feigen have arranged a 10-year lease renewal for S. Rothschild at 1407 Broadway. The firm, which has manufactured men’s, women’s, and children’s luxury coats and outerwear for more than 135 years,
Cronheim Hotel secures $40
million refinance for Chelsean New York
February 11, 2025
Manhattan, NY Beau Williams and Drew Gilligan of Cronheim Hotel Capital (CHC) have secured a $40 million permanent loan on behalf of the Lam Group to refinance the existing debt and capitalize a modernization refresh on the 158-room Chelsean New York Hotel.
Maintaining an “A” is essential - by Shallini Mehra
February 11, 2025
Navigating the real estate scene continues to be no small feat for NYC multifamily landlords. The increasing costs from additional regulations, high interest rates and higher operating expenses continue to tighten the bottom line. When it comes to selling, the market demands nothing short of exceptional property management
Merchants Capital provides $129.1 million for New York City Housing Authority PACT renovation projec...
February 11, 2025
Bronx, NY Merchants Capital provided $129.1 million in financing for the New York City Housing Authority (NYCHA) $419.6 million renovation of Boston Road Plaza, Boston Secor, and Middletown Plaza (BBM). The renovations will span three housing developments and
The Roebling Group leases 25,000 s/f to Patina Rentals
February 11, 2025
Yonkers, NY The Roebling Group brokered a 10-year lease of 25,000 s/f at 16 Harrison Ave. to Patina Rentals. Relocating from the Brooklyn Navy Yard, Patina Rentals selected this site for its affordability and proximity to New York City.
SL Green Realty inks 54,250 s/f lease with Hartree Partners at 1185 Ave. of the Americas
February 11, 2025
Manhattan, NY SL Green Realty Corp. has signed a new 12-year, 54,250 s/f lease with Hartree Partners covering the entire 24th and 25th floors at 1185 Ave. of the Americas. “We’re excited that Hartree Partners has elected to locate its headquarters at 1185 Ave. of the Americas,” said Steven Durels,
Betesh and Bailkin of Arrow Real Estate arranges $42.9 million financing
February 11, 2025
Manhattan, NY Arrow Real Estate Advisors arranged $42.9 million in financing to refinance a multifamily property. The financing was provided by a balance sheet lender and was negotiated by managing partner, Morris Betesh, and senior vice president, Alex Bailkin, of Arrow Real
Polsinellis of Compass Commercial sell
16,000 s/f retail condo for $16.5 million
February 11, 2025
Manhattan, NY Adelaide Polsinelli, vice chairman, and Trystan Polsinelli, senior executive director of Compass Commercial, negotiated the sale of a 16,000 s/f retail condo with 160 ft. of wraparound frontage located at 350 6th Ave., also known as 88 Washington Place, on the northeast corner of Sixth
NAI DiLeo-Bram & Co. expands its brokerage team with Christopher Chiusolo as vice president
January 28, 2025
Woodbridge, NJ NAI DiLeo-Bram & Co. (NAIDB) has welcomed Christopher Chiusolo to the role of vice president. Chiusolo brings extensive real estate transaction expertise to his
Gateway Merchant Banking to redevelop Orange Memorial Hospital
January 28, 2025
Orange, NJ Gateway Merchant Banking (Gateway), an award-winning real estate development and investment firm, has announced plans to revitalize 188 South Essex St., the site of the Orange Memorial Hospital
Freshfields US LLP to relocate to Carr Properties’ Midtown center
January 28, 2025
Washington, DC Carr Properties (“Carr”), a leading owner, operator, and developer of premium quality office and residential properties, announced that global law firm Freshfields
Thorofare Capital provides nearly $43 million in financing for Twin Cities active adult community
January 28, 2025
Minneapolis-Saint Paul, MN Thorofare Capital (“Thorofare”), an affiliate of asset management platform Callodine Group, LLC, provided a $42.895 million bridge loan to refinance Risor of St. Louis Park
Camila Morcos admitted to New York State Bar; begins associate position at Forchelli Deegan Terrana ...
January 28, 2025
Uniondale, NY Camila Morcos was admitted to the New York State Bar on February 5, 2025, thereby beginning her position as an associate in Forchelli Deegan Terrana LLP’s tax certiorari
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Cohen of Leviathan Capital arranges $1.15 million acquisition and construction loan
January 28, 2025
Brooklyn, NY According to Leviathan Capital, Peter Cohen successfully arranged a $1.15 million acquisition and construction loan for a 2-family property