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Douglaston Development and Levine Builders begin work on 277-unit housing development
January 28, 2025
Bronx, NY Douglaston Development and its general contracting and construction management affiliate, Levine Builders, commenced construction on 2868 Webster Ave., a 12-story, 277-unit affordable multifamily housing development
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TONAB Architecture completes 188,000 s/f
renovation of Building 111 at JFK Airport
January 28, 2025
Queens, NY TONAB Architecture, PLLC, has completed a major renovation project as design architect of record for an integral portion of the transformative John F. Kennedy International Airport redevelopment program to build a new JFK into a world-class gateway.
InspireDesign Creative Studio partners with MarkMaster Inc. to supply design solutions for commercia...
January 14, 2025
Garden City, NY According to Inspire Design Creative Studio, a full-service artwork, design consulting and management firm, it has partnered with MarkMaster Inc., a premier manufacturer of custom and stock identity solutions located
Avatar provides $6.5 million for Oregon service station
January 14, 2025
Talent, OR Avatar Financial Group LLC (“Avatar”), a leading Seattle-based national bridge lender specializing in commercial real estate, has closed on a $6.5-million bridge loan secured by a Union 76 Travel Stop
BKM Capital Partners & Stepstone Real Estate complete recapitalization of 748,756 s/f multi-tenant i...
January 14, 2025
Henderson, NV BKM Capital Partners (BKM), a leading real estate investment firm specializing in light industrial and logistics properties, completed the successful $154 million recapitalization of Pacific Business Center
Marcus & Millichap’s IPA Capital Markets facilitates $165.9 million multifamily financing
January 14, 2025
Alexandria, VA IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI) specializing in capital markets services for major private and institutional clients, has successfully arranged $165.9 million in financing on
Tower Capital arranges $100 million in construction financing for two Sunbelt BTR developments
January 14, 2025
Scottsdale, AZ Tower Capital arranged nearly $100 million in construction financing for the development of two Build-to-Rent (BTR) communities in Phoenix, AZ and Dallas, TX. Tower Capital’s Kyle McDonough, managing partner and co-founder
Cronheim secures financing for 220,000 s/f chocolate manufacturing facility
January 14, 2025
North Canton, OH Cronheim Mortgage has arranged $5 million in leasehold financing for a single-tenant industrial facility. Allison Villamagna, Dev Morris, and Andrew Stewart placed the financing with one of Cronheim’s long-standing
NewPoint provides $17.75 million bridge loan for multifamily acquisition
January 14, 2025
Somerset, NJ NewPoint Real Estate Capital’s has completed a $17.75 million bridge-to-HUD loan for Brentwood Park, a 77-unit multifamily property. This deal showcases NewPoint’s ability to deliver fast, tailored financing
Cronheim Hotel Capital secures $18.2 million for the Aloft Hotel
January 14, 2025
Newport, KY Cronheim Hotel Capital (CHC) has secured $18.2M for the acquisition of the Aloft Hotel, directly across the Ohio River from downtown Cincinnati. The financing was originated with a regional bank and provided attractive
Avatar Financial Group LLC provides $56-million loan for redevelopment project
January 14, 2025
Boulder, CO Avatar Financial Group LLC (“Avatar”), a leading Seattle-based national bridge lender specializing in commercial real estate, has provided a $56-million loan that will help to bring Williams Village, one of the largest
BKM Capital Partners acquires West Belt Business Park for $34.1 million
January 14, 2025
Houston, TX BKM Capital Partners (BKM), a vertically integrated institutional fund manager specializing in value-add light industrial properties, has acquired the West Belt Business Park for $34.1 million. The 260,887
Rockaway Holding Group signs 124,556 s/f lease to open major donut manufacturing facility
January 14, 2025
Rockaway, NJ According to Savills, Rockaway Holding Group, LLC has signed a 15-year lease for 124,556 s/f at 25 Green Pn. The facility will become one of largest donut manufacturing facilities in North America
Tri State Commercial Realty reps. Milk & Honey in 3,500 s/f lease at 1515 Surf Ave.
January 28, 2025
Brooklyn, NY According to LCOR, Milk & Honey will open its third location at its newly completed 1515 Surf Ave. This flagship residential destination, which features 463 residences on the Coney Island waterfront, will host Milk & Honey in a 3,500 s/f
ATCO welcomes Rodd & Gunn to 555 Fifth Ave.
January 28, 2025
Manhattan, NY ATCO Properties & Management signed a new 3,378 s/f lease with men’s clothing retailer Rodd & Gunn, at the base of 555 Fifth Ave. in Midtown.
Messina and Gerace of JLL rep William Grant & Sons in 27,160 s/f lease at Rosen’s 902 Broadway
January 28, 2025
Manhattan, NY According to Koeppel Rosen LLC, leasing and management agent for the Rosen family portfolio, independent family-owned distiller William Grant & Sons leased 27,160 s/f at 902 Broadway. William Grant & Sons will occupy the entire second floor
Top 2024 legal developments affecting New York’s commercial real estate industry - by Thomas Kearn...
January 28, 2025
1. City of Yes. The city passed a large and complex revision to local codes to promote construction of new housing. The changes are significant - experts, municipal departments and developers will no doubt take many months to fully analyze the hundreds of pages
Pash joins TSCG as vice president
January 28, 2025
Manhattan, NY TSCG said that Kristen Pash, a retail leader with over 25 years of experience, has joined the company as vice president. Pash will focus on developing new business opportunities, collaborating with tenants, landlords, and developers.
Powers, Ornstein and Cinti of OPEN Impact represent MoMath in 34,363 s/f lease at 635 Sixth Ave.
January 28, 2025
Manhattan, NY The National Museum of Mathematics (MoMath) will be moving to a new, larger location. The move signifies the growth and popularity of this 12-year-old New York City institution. MoMath’s new 34,363 s/f location at 635 Sixth Ave.
MINISO joins roster at Cross Country Center
January 28, 2025
Yonkers, NY According to Marx Realty, MINISO is a new tenant at Cross County Center. MINISO, the global lifestyle retailer, will take 4,000 s/f at Cross County Center in its first Westchester County location.