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Braus, Dweck and Squier of Lee & Assocs. NYC lease 3,300 s/f to L’AGENCE
July 30, 2024
Manhattan, NY Lee & Associates NYC has represented 925 Madison Avenue Inc. in a new 10-year lease with luxury clothing brand, L’AGENCE at 956 Madison Ave. on the Upper East Side. The lease consists of 1,800 s/f on the ground floor and
Avatar Financial Group provides $12.4 million financing for two high-end single-family homes
July 30, 2024
Southampton, NY Avatar Financial Group LLC (Avatar) provided $12.43 million in financing for a pair of high-end single-family homes that are under construction and 80% complete. The bridge loan will provide 100% of the capital needed to retire
Delancey Street Assocs. partners with Blueground at Essex Crossing
July 30, 2024
Manhattan, NY Delancey Street Associates, a joint venture of Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group, and the Urban Investment Group within Goldman Sachs Asset Management, has partnered with Blueground, one
Brody of Eastern Union secures $12 million to refinance 35,210 s/f industrial building
July 30, 2024
Brooklyn, NY David Brody, a loan originator with Eastern Union, has arranged $12 million toward the refinancing of a one-story, 35,210 s/f industrial building in the Williamsburg section of the city. The property includes warehouse space, office space
Houlihan Lawrence appoints Rackenberg as head of commercial division
July 30, 2024
Manhattan, NY Houlihan Lawrence appointed Michael Rackenberg as the new head of its commercial division. Rackenberg has been a consistent top producer since joining Houlihan Lawrence’s Commercial team in 2013, with a proven track
$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
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