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Ariel Property Advisors arranges $27 million in loans
March 25, 2025
Brooklyn, NY The Capital Services Group for Ariel Property Advisors (Ariel) arranged nine separate financing transactions totaling more than $27 million for properties in Brooklyn, Upstate New York, Connecticut, Pennsylvania, Texas and New Mexico. These
Bradford Allen leases 50,000 s/f at Cohen Brothers Realty's 750 Lexington Ave.
March 25, 2025
Manhattan, NY Bradford Allen negotiated the completion of 50,000 s/f of new leases at 750 Lexington Ave. in the Plaza District. Glenn Isaacson, the firm’s New York market leader, and Tony Builder, senior associate, represented building owner Cohen
Brisa Builders and PMG Affordable secure $51.7 million funding for 92-unit affordable housing projec...
March 25, 2025
Queens, NY Brisa Builders Development LLC and PMG Affordable have secured $51.7 million in financing for 19-19 Cornaga Ave., a nine-story, 92-unit affordable housing project designed by Paul Castrucci Architects and located in the Downtown Far Rockaway Special
The state of commercial real estate debt markets - by Michael Zysman
March 25, 2025
Today’s banking environment for commercial real estate can be defined as a period of low liquidity and lingering distress. Much of this distress is due to banks having made aggressive loans in the COVID era, coupled with the functional obsolescence of many
Greater Binghamton Chamber of Commerce joins The Manufacturers Alliance of NY
March 25, 2025
Binghamton, NY The Greater Binghamton Chamber of Commerce has joined The Manufacturers Alliance of New York, led by MACNY, The Manufacturers Association, to bolster manufacturing advocacy and workforce development in the southern tier region. The Alliance
Callahan Construction completes Rose Associates’
440-unit Alexander Crossing apartment communi...
March 25, 2025
Yonkers, NY Callahan Construction Managers (Callahan) has completed construction of the new Alexander Crossing apartment community. The seven-story project was developed by Rose Associates and designed by Perkins Eastman.
Phillips of Largo Real Estate arranges $6.5 million refinancing
March 11, 2025
Buffalo, NY Jack Phillips, Principal at Largo Real Estate Advisors, Inc., arranged a permanent first mortgage to refinance the existing debt on a six-property portfolio consisting of medical office, retail, and office properties
Scale Lending providing a $79 million loan to Silver Sky Global Capital
March 11, 2025
Sarasota, FL SCALE Lending, Slate Property Group’s debt financing arm, is providing Silver Sky Global Capital, a real estate development firm with expertise with multifamily and condos, with a $79 million loan for the construction
Commercial Classroom: Understanding Tenants-in-Common and Delaware Statutory Trusts - by Edward Smit...
March 11, 2025
1031 Tax Deferred Exchanges started over a hundred years ago, in 1921. Generally, when an investment property is sold, one must pay capital gains taxes. With the 1031 Exchange, if another property is bought at that time the capital gains
Ross of Largo Capital secures $16.8 million in financing
March 11, 2025
Montréal, QC Kevin Ross, managing director at Largo Capital Limited, secured a permanent first mortgage to finance the acquisition of a grocery-anchored shopping. The fully leased property spans over 80,000 s/f and is
Cronheim Hotel Capital secures $47 million for the acquisition of Springhill Suites and Marriott Atl...
March 11, 2025
Atlanta, GA Cronheim Hotel Capital (CHC) has secured $47 million for the acquisition of the SpringHill Suites and Marriott Atlanta Northwest at Galleria. The financing features full-term interest only for five years on a non-recourse
Avatar Financial Group LLC provides $7 million financing for 3 medical office buildings
March 11, 2025
Flagstaff, AZ Avatar Financial Group LLC (“Avatar”), a leading Seattle-based national bridge lender specializing in commercial real estate, has closed on a $7-million bridge loan secured by a portfolio of three medical
Shawmut Design and Construction marks 10th annual women in construction week with events, panels, an...
March 25, 2025
Boston/New York/Los Angeles Shawmut Design and Construction, a leading $2 billion national construction management firm, marked its 10th annual Women in Construction (WIC) Week with a series of events, panel
Phillips of Largo Real Estate secures $1.65 million refinancing
March 11, 2025
Elmira, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., secured a permanent first mortgage to refinance the existing debt on two adjacent multi-tenanted office/warehouse (flex) buildings
Resource Realty of Northern New Jersey completes two industrial leases
March 11, 2025
Bridgewater, NJ Resource Realty of Northern New Jersey (RRNNJ) has completed two new industrial leases totaling more than 120,000 s/f. The RRNNJ brokerage teams represented the tenants in two separate transactions at warehouse properties
GFP Real Estate complete six leases and expansions totaling 28,967 s/f
March 11, 2025
Manhattan, NY GFP Real Estate, LLC has completed six lease transactions totaling 28,987 s/f at 230 Fifth Ave. The 99% leased specialty showroom building is the New York hub of the Home Textiles Industry, home to more
Marcus & Millichap facilitates $13.8 million sale of mixed-use properties
March 11, 2025
Manhattan, NY Marcus & Millichap completed the sale of 640-644 Tenth Avenue, a 27-unit mixed-use property. The asset sold for $13.8 million. “The property benefits from an attractive tax Class 2B status
GFP Real Estate signs four leases at The Film Center Building totaling 8,546 s/f
March 11, 2025
Manhattan, NY GFP Real Estate, LLC has signed four leases at 630 Ninth Ave., also known as The Film Center Building, totaling 8,546 s/f. BOOM Integrated, a media company offering services in public relations, media, branding,
Avison Young develops extension and expansion for LEEP Dual Language Academy in Sunset Park
March 18, 2025
Brooklyn, NY Avison Young has arranged a new lease to facilitate the expansion of LEEP Dual Language Academy Charter School at 5323 5th Avenue in Sunset Park. The school opened its original 24,500 s/f facility in August
CBRE arranges two offices leases totaling 21,500 s/f at 55 Broadway
March 11, 2025
Manhattan, NY CBRE has completed two office leases totaling more than 21,500 s/f at 55 Broadway in the Financial District. Inclusiv, a network of community development credit unions with a mission of financial inclusion
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