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$42 million mill reuse gets $7 million C-PACE financing from Bayview PACE
July 30, 2024
Hudson, NY Bayview PACE is providing $7 million in C-PACE financing for the innovative adaptive reuse of the historic Pocketbook Factory property, to create a mixed-use hotel/hospitality/wellness/cultural space renamed Pocketbook Hudson. Commercial Property-Assessed Clean Energy financing (C-PACE)
Realterm acquires 5.4-acre industrial outdoor storage maintenance facility
July 30, 2024
Valley Cottage, NY Realterm acquired a functional industrial outdoor storage (IOS) maintenance facility at 400-500 Corporate Ct. The 37,560 s/f facility, situated on 5.4 acres, will serve as an asset in Realterm’s expanding New York
Invictus Real Estate provides $69 million
bridge loan for 158-unit Mason Gray
July 30, 2024
Brooklyn, NY Invictus Real Estate Partners closed a $69 million pre-TCO bridge loan for the Mason Gray, a 158-unit residential property in the Crown Heights neighborhood. The loan will support minor construction work required to complete the seven-story
Are you prepared for an audit? - by Phillip Ross
July 30, 2024
The Paycheck Protection Program (PPP), initiated during the pandemic’s height, has been a critical support mechanism for many businesses, notably within the architecture, engineering, and construction (A/E/C) services sector. Having successfully navigated
Meridian Capital Group’s Doshi and Mehra sell 2 multifamily buildings in The Bronx totaling over $...
July 16, 2024
Bronx, NY Meridian Capital Group’s Amit Doshi and Shallini Mehra have successfully closed on the sale of two rent stabilized, multifamily buildings totaling over $14.9 million. The properties are located at 3043-3045 Villa Ave. and 200
Cleeman Realty Group arranges sale of 163,625 s/f Circle Road Plaza
July 30, 2024
Cicero, NY Cleeman Realty Group negotiated the sale of Circle Road Plaza, an Ollie’s anchored shopping center. This is the second time Cleeman Realty Group has sold Circle Road Plaza in the past 18 months.
The Feil Organization signs 13,716 s/f lease with Movable Ink at 841 Broadway
July 30, 2024
Manhattan, NY The Feil Organization signed a long-term, 13,716 s/f lease with Movable Ink at 841 Bdwy., also known as the Roosevelt Building. This lease brings the property to full occupancy.
Hamway and Jerome of JEMB Realty lease 5,000 s/f to MINISO
July 30, 2024
Manhattan, NY JEMB Realty signed a 5,000 s/f retail lease with MINISO at 150 Bdwy. in the Financial District. The store is set to open this summer. Owned by JEMB Realty since 1983, 150 Bdwy. is on the corner of Bdwy. and Liberty St.
Maxim Capital, Sabal and GDSNY provide $50 million for 114 Crosby
July 30, 2024
Manhattan, NY Maxim Capital Group, Sabal Investment Holdings, and GDS Brightstar, the lending platform of GDSNY, closed a $50 million loan for 114 Crosby St. (also known as 580 Bdwy.), a newly renovated boutique office building located in SoHo
BHI provides $41 million refinance loan to Lam Group for hotel Aloft by Marriott New York Brooklyn
July 30, 2024
Brooklyn, NY BHI, the U.S division of Bank Hapoalim, provided a $41 million term loan to the Lam Group to refinance a 24-story, 176 room hotel located at 216 Duffield St., known as Aloft by Marriott New York Brooklyn
Investment Property Realty Group sells 30-unit apartment building for $20 million
July 30, 2024
Brooklyn, NY Investment Property Realty Group (IPRG) negotiated the closing of 82 4th Ave. for $20 million. The property is located between St. Marks Place and Bergen St. in Boerum Hill. The building offers 21,150 s/f
Yonkers Industrial Development Agency votes preliminary approval of financial incentives for three p...
July 30, 2024
Yonkers, NY The Yonkers Industrial Development Agency (YIDA) has voted preliminary approval of financial incentives for three new mixed-use developments representing a total private investment of $463.5 million. The three developments are projected to create
Brandon J. Broderick Law Firm expands with new real estate practice
July 16, 2024
River Edge, NY Brandon J. Broderick, Attorney at Law, will be forming a new commercial and residential real-estate legal practice, expanding its portfolio of legal services
Maltz Auctions to conduct online-only public auction of the former site of Central New York Raceway ...
July 16, 2024
Central Islip, NY Maltz Auctions, a premier full-service auction company serving the Continental United States and Caribbean, has announced it has been directed to conduct an online-only
Commercial Classroom: Listing Investment Properties - by Edward Smith Jr.
July 16, 2024
Think, what the buyer will want to know? With investment properties it’s all about the numbers. Before your interview with the seller, prepare them by telling them you will need to review the income and expenses of the property when you meet
The CS Organization and Porcelanosa host real estate event
July 16, 2024
Manhattan, NY On June 6th, The CS Organization in collaboration with Porcelanosa hosted a real estate event. The event was held at Porcelanosa's Flagship Store in New York City and had over 60 distinguished guests from many facets of the real estate
She Builds, a committee of Rebuilding Together NYC, hosts eighth annual rebuilding day
July 16, 2024
Bronx, NY She Builds, a committee of Rebuilding Together NYC (RTNYC), will host its eighth annual community revitalization project Thursday, July 25 at Mott Haven Houses. Each year, the She Builds committee brings together real estate industry leaders to give back and enact change through a service project
Rose Associates team members graduate from The REBNY Fellows Leadership Program
July 15, 2024
Manhattan, NY According to Rose Associates, Inc., the New York-based multifamily real estate developer and manager, three of its employees have recently graduated from the Real Estate Board of New York’s Fellows Leadership Program. LeAnn Cremin, Omar Mahmoud
Mancini Duffy expands to Southwest Region
July 16, 2024
Phoenix, AZ Mancini Duffy, a national design firm with a 100+-year-old history and tech-driven approach, has opened its sixth regional office. This expansion to the Southwest region brings Mancini’s pioneering design solutions to a new market, spearheaded