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JLL Capital Markets represents Transwestern Hospitality Group in financing of Hotel Granduca
February 20, 2024
Houston, TX JLL Capital Markets arranged $30.6 million in financing for the 122-key Hotel Granduca. JLL represented the borrower, Transwestern Hospitality Group, and secured the five-year, floating-rate loan from Prime Finance.
Central States Manufacturing promotes Garcia to vice president of operations
February 20, 2024
Tontitown, AR Central States Manufacturing, a leader in metal building components, roofing, and buildings, has promoted Eder Garcia to vice president of operations. Eder has been promoted to the Central States leadership team to oversee standardizing
Smith named president/CEO of IntraLock Green
February 13, 2024
Houston, TX IntraLock Green, manufacturer of the US patented and trademarked TERRA-GEN Erosion Control System, made know that new leadership has taken the helm and is positioning the company to become the leader in environmentally friendly erosion control
Crystal Window & Door employee demonstrates trauma skills in real life
February 20, 2024
Benton Township, PA Like many manufacturers, Crystal Window & Door Systems incorporates periodic training for employees into its work environment. Many training courses Crystal uses are focused on injury prevention and advanced first aid to
BKM Capital Partners adds $520 million of high-quality infill assets in 2023
February 20, 2024
Newport Beach, CA BKM Capital Partners (BKM), the largest owner and operator of small-bay industrial real estate in the Western U.S., has provided an update on the Company’s 2023 activity. BKM owns or has interests in properties that represent a total of
Merchants Capital provides $348 million in Fannie Mae financing for rehabilitation of 87 Brooklyn NY...
February 15, 2024
Brooklyn, NY The New York office of financial services company Merchants Capital has provided a $348 million Mortgage-Backed Securities (MBS) loan from Fannie Mae to support the rehabilitation of New York City Housing Authority (NYCHA
Farkas of Metropolitan Realty Associates closes on 75,000 s/f acquisition for $12.6 million
February 15, 2024
Bayport, NY Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA) has closed on the acquisition of three properties comprised of a vacant 75,000 s/f, single story cold storage/freezer facility and distribution center
Commercial Classroom: Lease protections for landlords, tenants, and broker - by Edward Smith, Jr.
February 13, 2024
Many retailers consider the calendar year as if they bought all of their inventory at the beginning of the year but do not realize their profit until the end of the year. In this case they pay
Champions Martial Arts opens at Mayfair S.C.
February 13, 2024
Commack, NY Champions Martial Arts has opened a new location at Mayfair Shopping Center, according to Levin Management Corporation (LMC), exclusive leasing and managing agent for the 222,000 s/f Jericho Tpke. retail destination.
Samanea New York continues to expand its Restaurant Row, signs two new restaurant leases
February 13, 2024
Westbury, NY Samanea New York has signed two new restaurant tenants to join its expanding Restaurant Row located at 1500 Old Country Rd. The two tenants, which are expected to open in the first half of 2025, are Tous les Jours, an artisan bakery
Lucharitos to open 1,500 s/f at
TRITEC’s Station Yards project
February 13, 2024
Ronkonkoma, NY Lucharitos, theTex-Mex chain, is set to open a new location. The restaurant, situated within TRITEC Real Estate Company’s Station Yards project, will lease 1,500 s/f. TRITEC was represented in the transaction
Wells Fargo celebrates ribbon cutting
for new Woodbury branch
February 13, 2024
Woodbury, NY On January 17, Wells Fargo employees were joined by Oyster Bay supervisor Joseph Saladino and local leaders from the Syosset Woodbury Chamber of Commerce to celebrate the grand opening of its new bank branch at 7977 Jericho Tpke.
Hempstead IDA gives final approval to incentives for apartment projects in Woodmere and Inwood
February 13, 2024
Hempstead, NY Frederick Parola, CEO of the town of Hempstead Industrial Development Agency (IDA) said that the IDA has again taken steps to boost the supply of rental housing in the town, giving final approval to proposed projects in Woodmere and Inwood.
Kelly and Wade join Douglas Elliman Commercial
February 13, 2024
Smithtown, NY Thomas Kelly and Chris Wade have joined Douglas Elliman Commercial. Wade and Kelly are licensed real esate salespersons and commercial specialists. The notoriety and network Wade has amassed through his competitive and entrepreneurial careers
Change to East Hampton’s code regarding certificates of occupancy
February 13, 2024
Riverhead, NY Changes to the Town of East Hampton’s town code regarding certificates of occupancy (CO) went into effect on January 1, 2024. The updated town code requires that an updated CO be obtained before the property is transferred to the seller
New name: Sahn Ward Braff Koblenz Coschignano
February 13, 2024
Uniondale, NY As the firm begins its 25th anniversary year, Sahn Ward said that Elisabetta Coschignano has become a member of the firm. To recognize this milestone, and Coschignano’s accomplishments and contributions to the firm’s growth and development
Loan officers may be entitled to overtime pay - by Lisa Casa
February 13, 2024
An issue that has been a subject of recent litigation is whether loan officers are entitled to receive overtime pay. It is often the presumption that since loan officers are frequently paid on commissions and, if successful, are paid well in excess of six-figures
P.W. Grosser Consulting promotes 10
February 13, 2024
Bohemia, NY P.W. Grosser Consulting, Inc. (PWGC) has promoted 10 employees. • Andres Ballares: Project hydrogeologist from field hydrogeologist • Tim D’Agostino, PE: Project manager from senior engineer
Law of TRITEC R.E. honored with Suffolk County Public Service Award
February 13, 2024
Hauppauge, NY TRITEC Real Estate Company partner and executive vice president, Kevin Law, has been awarded the H. Lee Dennison Public Service Award. The award, presented by former Suffolk County executive Steve Bellone
Hunt Corp. Commercial Real Estate Q&A: Six essentials in acquiring real estate by David Hunt
February 13, 2024
Question: We need to expand our office and warehouse and find ourselves back in the real estate market for the first time in 10 years. What are the most important guidelines that you can give us?