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Merchants Capital provides $129.1 million for New York City Housing Authority PACT renovation project

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

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

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

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 <br>16,000 s/f retail condo for $16.5 million

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

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

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

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

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 LLP

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
Cohen of Leviathan Capital arranges $1.15 million acquisition and construction loan

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
Architecture Studio: Innovating architectural  design with City of Yes building codes - by William Gati

Architecture Studio: Innovating architectural design with City of Yes building codes - by William G...

February 11, 2025
Our goal at Architecture Studio has always been to design strong, beautiful, and functional structures. As a result of NYC’s City of Yes zoning amendments, urban development potential is being maximized. Licensed in New York, New Jersey, and Connecticut, we specialize in residential, commercial, and institutiona
Modern economic development requires educational development - by Stacey Duncan

Modern economic development requires educational development - by Stacey Duncan

February 11, 2025
When I was growing up in Broome County, obtaining a high-quality home-grown education meant you could – upon graduation – have your pick of high-quality home-grown economic opportunities. Even as the presence of once-robust local giants like Singer Link and IBM dwindled while I was in school
Public policy effects on real estate - by John Rynne

Public policy effects on real estate - by John Rynne

February 11, 2025
Much of the health of the real estate industry is due to government policy. It makes perfect sense that the real estate industry and the appraisal industry go hand in hand. If the real estate industry is booming or sinking, so is the appraisal industry and vice versa. With the relatively high interest rates of the past
Deferring capital gains from the sale of appreciated investment properties - by Michael Packman

Deferring capital gains from the sale of appreciated investment properties - by Michael Packman

February 11, 2025
When investing in real estate, the key is to buy a property well and then sell it for a profit at some point in the future. While real estate values may be down from their peak values a few years ago, investors that have owned properties for several years likely still have unrealized gains in value. Many investors know they
NYC agencies abandon mission statements, escalate  anti-taxpayer policies amidst tax assessment controversy - by Peter Blond

NYC agencies abandon mission statements, escalate anti-taxpayer policies amidst tax assessment cont...

February 11, 2025
While it is very upsetting news to publicize, two New York City agencies have abandoned their mission statements (psst, to correct real estate tax assessment errors). As a practitioner in the field and as a member of the New York City Bar Association, it is necessary to highlight just how anti-taxpayer these institutions
Hackett of Metro Realty Services brokers three deals for $6.55 million

Hackett of Metro Realty Services brokers three deals for $6.55 million

February 11, 2025
West Babylon, NY Jeremy Hackett of Metro Realty Services, LLC negotiated three sale transactions totaling $6.55 million. Hackett sold 4,600 s/f at 441 Falmouth Ave. to 441 Mangano Realty Corp for $1.5 million.
Nelson + Pope promotes Gurnick to senior associate partner

Nelson + Pope promotes Gurnick to senior associate partner

February 11, 2025
Melville, NY Nelson + Pope (N+P) has promoted Keith Gurnick, RA, LEED AP to senior associate partner. Gurnick will continue to lead and develop the architectural team while focusing on broadening the department’s range of services, projects, and markets. With over 30 years of experience, Gurnick’s
Delisle and Buono of Island Assocs. Real Estate sell 5,200 s/f industrial/warehouse

Delisle and Buono of Island Assocs. Real Estate sell 5,200 s/f industrial/warehouse

February 11, 2025
Islip, NY Roger Delisle and Richie Buono of Island Associates Real Estate Inc. negotiated and closed the purchase and sale of a 5,200 s/f industrial/warehouse building located at 205 Brookville Ave. The warehouse section of the building has over 20 ft. of clear space below the steel,
Premier Care signs 56,500 s/f <br>lease at BEB’s 100 Marcus Blvd.

Premier Care signs 56,500 s/f
lease at BEB’s 100 Marcus Blvd.

February 11, 2025
Hauppauge, NY BEB Capital (BEB) said that Premier Care Industries has signed a 56,500 s/f lease at 100 Marcus Blvd. The property will be used as one of Premier Care’s logistics warehouse.