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Meridian’s Doshi and Mehra sell a 168 unit apartment building in Jamaica Estates for $20.35 millio...
January 28, 2025
Queens, NY Amit Doshi and Shallini Mehra recently closed on their exclusive 183-11 Hillside Ave., also known as Park Towers East, situated in Jamaica Estates. Built in 1960’s, this twelve-story
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Perlman of Largo Real Estate secures $12.5 million refinance for permanent first mortgage
January 28, 2025
Buffalo, NY Ned Perlman, vice president of upstate originations at Largo Real Estate Advisors, Inc. secured a permanent first mortgage to refinance a +/-546,063 rs/f industrial property
Marcus & Millichap Capital Corporation arranges $89.6 million construction financing for two multifa...
January 28, 2025
Chanhassen, MN Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $89.6 million in financing for the construction of Bennett Apartments and Harlow Apartments
Eynon appointed senior managing director at CBRE
January 28, 2025
Manhattan, NY CBRE has appointed Stephen Eynon as senior managing director. In this role, Eynon will join the New York Tri-State leadership team to support the region’s office leasing business.
Perlman of Largo Real Estate closes $1 million construction loan
January 28, 2025
East Aurora, NY Ned Perlman, vice president of upstate originations at Largo Real Estate Advisors, Inc., has successfully closed a multifamily construction loan. The planned units will be within walking distance to grocery stores
Avatar provides $4.35 million for midscale hotel
January 28, 2025
Portland, TX Avatar Financial Group LLC (“Avatar”), a leading Seattle-based national bridge lender specializing in commercial real estate, has provided a $4.35-million loan on an IHG-branded property. The loan proceeds were used toward
Khan joins PACE Loan Group as vice president – capital markets
January 28, 2025
Manhattan, NY PACE Loan Group (PLG) continues to build its national platform with the addition of Eizaan Khan in the New York City office. Khan joins as vice president – capital markets, where he will focus on general capital markets strategies
Resource Realty of Northern New Jersey reports a strong 2024 finish with over $154.69 million in tra...
January 28, 2025
Parsippany, NJ Resource Realty of Northern New Jersey (RRNNJ) is reporting strong transaction results for 2024, completing 75 leases and 10 sales totaling over $154.69 million in commercial real estate transactions across New Jersey and Southern New York
Time Equities Inc. expands industrial portfolio with $6.525 million acquisition
January 28, 2025
Louisville, KY Time Equities, Inc. (TEI), a full-service real estate firm with headquarters in New York City, has acquired 1419 Dixie Highway and 1735 W. Burnett Avenue, a two-building industrial portfolio for
CREW New York hosts annual holiday party and 2024 award celebration
January 28, 2025
Manhattan, NY CREW New York hosted their annual holiday party at The Lotos Club. The evening featured a celebration of CREW New York’s 2024 Member Recognition awards and the naming of this year’s Past Presidents’ Scholarship
Red Antler to relocate headquarters to 160 Varick St.
January 28, 2025
ManhAttan, NY Hudson Square Properties (HSP), a joint venture of Trinity Church, Norges Bank Investment Management, and Hines, said that Red Antler will relocate its headquarters to 160 Varick St. The creative firm behind some of the biggest emerging and
Simone Development Companies and Fareri Associates complete 4,694 s/f of renewals at Purchase Profes...
January 28, 2025
Purchase, NY According to Simone Development Companies and Fareri Associates, 4,694 s/f of long-term lease renewals have been signed at 3010 Westchester Ave. at Purchase Professional Park.
Mancini Duffy acquires Design Styles Architecture firm
January 28, 2025
Manhattan, NY Mancini Duffy, a national architecture, interiors, and planning firm celebrating 110 years of innovation and design excellence, announces the acquisition of Design Styles Architecture
JLL arranges sublease for Evergreen Trading at One Soho Sq.
January 28, 2025
Manhattan, NY According to JLL, Evergreen Trading, a leading financial solutions and media trade firm, has signed a sublease for 20,309 s/f at One Soho Sq., a two-building class A office development owned by Stellar Management at 233 Spring St. in SoHo.
Slate Property Group and White Oak Real Estate Capital provide $70 million loan for multifamily deve...
January 28, 2025
Queens, NY Slate Property Group, in partnership with White Oak Real Estate Capital, has provided Watermark Capital Group with a $70 million construction loan for its multifamily development at 41-08 Crescent St. in Long Island City.
Ariel Property Advisors arranges $15.65 million sale of multifamily buildings in Prospect Heights
January 28, 2025
Brooklyn, NY Ariel Property Advisors (Ariel) has arranged the $15.65 million sale of 315-329 Lincoln Pl., four contiguous walk-up buildings with 48 units spanning 52,543 s/f in the Prospect Heights neighborhood
2024 Upstate New York Apartment Market - by Brian Heine
January 28, 2025
Two recent high profile court cases illustrate the difficulties facing the real estate business in New York State. Robert Morgan of Rochester settled his long running mortgage fraud case for $16.3 million and a single guilty plea while also admitting to no guilt
Camber Real Estate Partners and Invesco Real Estate acquire five-building industrial portfolio
January 28, 2025
Burlington County, NJ Camber Real Estate Partners (Camber), in partnership with Invesco Real Estate, the $85 billion global real estate investment business of Invesco Ltd. (NYSE: IVZ), has acquired a five-building industrial
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Cronheim Hotel Capital secures $10.5 million to refinance the Residence Inn Atlanta Cumberland
January 28, 2025
Atlanta, GA Beau Williams and Drew Gilligan of Cronheim Hotel Capital (“CHC”) have secured a $10.5 million permanent loan on behalf of PEG Companies to refinance the existing debt on the 130-room Residence Inn Atlanta
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