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JLL leases 13,815 s/f at 860 Bdwy. to Valon Tech.
January 16, 2024
Manhattan, NY According to JLL, Valon Technologies has leased a full floor of office space at 860 Bdwy., the redeveloped six-story office building in Midtown South. The company will relocate from a co-working space at 88 University Plc. to occupy 13,815 s/f
JLL Capital Markets arranges $38.5M sale of 540 Atlantic Ave. in Boerum Hill
January 16, 2024
Brooklyn, NY JLL Capital Markets has closed on the $38.5 million sale of 540 Atlantic Ave., a block-through development site in the Brooklyn Tech Triangle in Boerum Hill. JLL represented the seller, locally based DMA Associates,
Colliers arranges new 60,000 s/f lease at 320 Park Ave. for Flagstar Bank’s primary location
January 16, 2024
Manhattan, NY Colliers has secured a new lease to be occupied by Flagstar Private Bank, a core business unit of Flagstar Bank, N.A., at 320 Park Ave. A Colliers team consisting of tri-state president Michael Cohen, executive vice president Howard Kaplowitz and principal Andrew Roos negotiated the
Lightstone secures $165.6 in financing for Gowanus rental property
January 16, 2024
Brooklyn, NY JLL Capital Markets has arranged a $165.584 million refinancing for 365 Bond St., a 430-unit multi-housing property in Gowanus. JLL represented the borrower, Lightstone to secure the five-year, fixed-rate loan through Freddie Mac Multifamily.
JLL leases 5,084 s/f to Lendbuzz at 107 Greenwich St.
January 16, 2024
Manhattan, NY Lendbuzz will open its first New York City office at 107 Greenwich St., the boutique office component of the new development at 76 Trinity Place, which is owned and operated by Trinity Church Wall Street.
JLL Capital Markets secures $93 million loan to refinance 42 West Broad St.
January 16, 2024
Mount Vernon, NY JLL Capital Markets announced today that it has secured a $93 million loan to refinance 42 West Broad St., a 16-story, luxury, transit-oriented rental property. JLL represented the borrower, a joint venture between
JLL Capital Markets arranges $50 million financing for 425,000 s/f industrial development
January 16, 2024
Queens, NY JLL Capital Markets arranged $50 million in first mortgage financing for the 425,000 s/f industrial development site located at 30-02 Whitestone Expwy. in College Point.
CBRE leases 1,250 s/f to Wolf & Shepherd at 500 Madison Ave.
January 16, 2024
Manhattan, NY In a transaction arranged by CBRE, Wolf & Shepherd, a shoe brand offering handcrafted dress shoes worn by NFL legend Rob Gronkowski, sports announcer Erin Andrews and top athletes such as Steve Nash and Maria Sharapova, has inked a lease for its first flagship
Downing of Largo Capital secures mortgage to refinance mixed-use property
January 16, 2024
Apopka, FL Max Downing of Largo Capital, Inc. secured a permanent first mortgage to refinance the existing debt on a mixed-use property. The project was recently renovated and is fully leased to a blend of retail and office
Perlman of Largo arranged construction financing for mixed use development
January 16, 2024
Amherst, NY Ned Perlman, vice president of Originations at Largo Capital, Inc. arranged construction financing for the development of a mixed-use property. Upon completion, the subject property will feature 67 apartments
Blanton of Largo Capital secures mortgage for Holiday Inn
December 26, 2023
Orlando, FL Ben Blanton, vice president, originations at Largo Capital, Inc. secured a permanent first mortgage to refinance the existing debt on a Holiday Inn. The 68% LTV financing was secured
Coscia of Largo secures mortgage to refinance multi-family property
December 26, 2023
Depew, NY Kevin Coscia of Largo Real Estate Advisors, Inc. secured a permanent first mortgage to refinance the existing debt on a multi-family property. The property features 70 newly developed residential units equipped with modern finishes
Perlman of Largo Capital secures mortgage to acquire and rebrand an existing self-storage facility
December 26, 2023
Huntsville, AL Ned Perlman, vice president of originations at Largo Capital, Inc. secures a permanent first mortgage to acquire and rebrand an existing self-storage facility. The property was developed in 2018 and features 507 storage
Carswell of Largo Capital secures mortgage to acquire a car wash
December 26, 2023
Lexington, KY Dave Carswell, originator at Largo Capital, Inc. secured a permanent first mortgage to acquire a car wash. The property features over 5,000 s/f of commercial space occupied by Zips Car Wash LLC, the largest privately held
Perlman of Largo Capital secures mortgage to finance the acquisition of an 84-key Marriott
December 26, 2023
Finger Lakes, NY Ned Perlman of Largo Capital secured a long-term permanent first mortgage to finance the acquisition of an 84-key Marriott Fairfield Inn and Suites hotel. This area is known
Miceli of Largo Capital secures refinance on three-property office
December 26, 2023
Austin, TX Perry Miceli, principal at Largo Capital, Inc. secured a permanent first mortgage to refinance the existing debt on a three-property office portfolio. The portfolio features over 80,000 s/f of professional as well as medical space and
Regal Ventures acquires 37,900 s/f 8500 Sunset Blvd.
December 26, 2023
West Hollywood, CA Regal Ventures, a real estate investment firm headquartered in New York City, has acquired 8500 Sunset Boulevard, a 37,900 s/f retail condo and 178-space parking garage
New York state tax incentives fuel brownfield redevelopment - by Derek Ersbak
January 16, 2024
I believe it was Mark Twain who said, “Buy land, they’re not making it anymore.” Nowhere is that statement more relevant than New York. Land here is a valuable commodity, no matter its environmental condition. For years, New York state