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Pembrook nears $2 billion in affordable, workforce housing loan volume
May 28, 2024
Manhattan, NY Pembrook Capital Management LLC (Pembrook), a national affordable and workforce housing lender, has originated or participated in 148 investments approaching $2 billion since its inception in 2007.
The 721 Exchange UPREIT exit strategy for Delaware Statutory Trust investors explained - by Dwight K...
May 28, 2024
One of the most important questions Delaware Statutory Trust real estate investors need to ask themselves is, “What is my long-term, exit strategy?” Most Delaware Statutory Trust (DST) investments are typically held for approximately 5-10 years
Executive of the Month: Question and answer with
David Wilkes, partner at Cullen and Dykman
May 28, 2024
You recently moved your practice to a larger firm with a more diverse practice. Why Cullen and Dykman for property tax?
This area of law and services is at a key moment of great change that will no longer be the domain of a handful of boutique firms that
Santander Bank, N.A. servicing assets in $9 billion portfolio formerly owned by Signature Bank
May 28, 2024
New York, NY Santander Bank, N.A. is servicing 100% of the assets in a $9 billion portfolio of New York-based, multifamily real estate assets formerly owned by Signature Bank. In December 2023, Santander Bank closed a transaction with the FDIC to participate in a joint
REAL New York achieves $1 billion in sales and finds homes for over 100,000 New Yorkers
May 28, 2024
Manhattan, NY REAL New York celebrates more than 10 years in business and its growth, achieving $1 billion in sales and finding a home for more than 100,000 New Yorkers since its inception. Started by Robert Rahmanian and Louis Adler focused on rentals in the Lower East Side
Schiavello and Gray of Horvath & Tremblay sell dark Walgreens
at 17506 Hillside Ave. for $7.5 mi...
May 28, 2024
Queens, NY Steven Schiavello and Patrick Gray of Horvath & Tremblay have completed the sale of a dark Walgreens located at 17506 Hillside Ave. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this
Pen to paper: The persistence of wet ink signatures in real estate transactions - by Lindsay Mesh Lo...
May 28, 2024
>While in many circumstances electronically signing documents is easier for all parties involved, for commercial loans and real estate transactions, wet ink original signatures are still required.
Max Spann to hold online auction of 13,400 s/f industrial Superfund site — concludes on June 11th
May 28, 2024
Queens, NY Max Spann Real Estate & Auction Company will conduct an online auction of a 13,400 s/f industrial site in the Ridgewood section of the borough. The online auction concludes on June 11th at 1 PM.
Avison Young arranges $38 million sale of multifamily portfolio of eight properties - 108 units for ...
May 28, 2024
Manhattan, NY Avison Young has arranged the sale of a multifamily portfolio of eight properties in the East Village submarket on behalf of the Eis family for $38 million. Combined, the properties contain 82,245 s/f of mixed-use
Milstein Properties closes five new leases at
22 Vanderbilt totaling over 460,000 s/f
May 28, 2024
Manhattan, NY According to Milstein Properties, five lease signings closed at 22 Vanderbilt totaling more than 460,000 s/f. The five leases bring the building to 91% occupancy. The leases include:
Rosewood Realty Group arranges $22.75 million sale of multifamily property
May 14, 2024
Birmingham, AL Rosewood Realty Group has successfully brokered the sale of The Kenzie, a 213-unit apartment community for $22.75 million. The two-story apartment community, originally built in 1973, encompasses 239,258 s/f and sold for approximately
Check out NYREJ's
Industry Insights Spotlight!
May 14, 2024
Check out NYREJ's Industry Insights Spotlight!
Commercial Classroom: Green update - by Edward Smith Jr.
May 14, 2024
The sun produces radiation, if we get too much sun we get sunburned. Our planet is surrounded by atmosphere, part of which is known as the ozone layer. This ozone layer blocks 90+% of the sun’s radiation from reaching earth.
REBNY announces winners for 80th annual commercial sales Most Ingenious Deal of the Year Awards
May 14, 2024
Manhattan, NY The Real Estate Board of New York (REBNY) brought together hundreds of members that drive commercial real estate sales activity in New York City on May 9th to announce
Shawmut hosts thousands of workers for construction safety week programming
April 30, 2024
Boston/New York/Los Angeles Shawmut Design and Construction, a $1.6 billion national construction management firm, commemorated its 15th annual Construction Safety Week by welcoming thousands
Team Betesh arranges $265 million in financing and preferred equity for the construction of a multif...
April 30, 2024
Queens, NY Meridian Capital Group has arranged $265 million in senior and mezzanine financing and preferred equity for the construction of multifamily property in the Long Island City neighborhood
CAMCO Commercial Real Estate completes two industrial lease transactions
April 30, 2024
Holbrook, NY CAMCO Commercial Real Estate LLC, a commercial real estate brokerage, has signed leases for 91-1 and 91-4 Colin Dr. In February, 496 Express Foods, Inc., a wholesaler of fresh fruits and vegetables to restaurants and grocers across Long Island
Lewis and Flaccomio of ERG Commercial Real Estate sell two properties for $1.3 million
May 14, 2024
Bronx, NY ERG Commercial Real Estate brokered the sale of two adjacent multifamily buildings in the Pelham Bay neighborhood for $1.3 million. The buildings, at 3037 and 3039 Roberts Ave., are free-market buildings built in 1927.
Bayport Funding provides $6 million construction loan for Bronx multifamily
May 14, 2024
Bronx, NY Bayport Funding has closed a $6 million construction loan for a 25-unit multifamily property located on Aqueduct Ave. Rental demand in New York remains high as new units are expected to be delivered throughout the city during 2024. The Bronx in particular
ATCO Properties & Management leases 12,077 s/f at 381 Park Ave. South
May 14, 2024
Manhattan, NY ATCO Properties & Management made known that Lee & Low Books, has signed a new 5,844 s/f office lease at 381 Park Ave. South and Goldstein, Rikon, Rikon & Levi, PC and Forefront Communications have renewed their leases at the building.
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