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SCALE Lending finalizes $142 million loan for
construction of 521-unit apartment building
November 14, 2023
Queens, NY SCALE Lending, the debt financing arm of Slate Property Group, has finalized a $142 million floating-rate loan to aid the final stages of construction of a 24-story apartment building rising at 147-35 95th Ave. in Jamaica.
Mediapro Studios at Great Point Studios breaks ground
November 14, 2023
Yonkers, NY Mediapro North America held a groundbreaking of Mediapro Studios at Great Point Studios. The event took place on November 6, 2023 at 1500 North Bdwy. with mayor Mike Spano in attendance as well as key executives and stakeholders from Mediapro
West Side Community Fund names fall 2023 grant recipients
November 14, 2023
Manhattan, NY The West Side Community Fund (WSCF), a consortium of leading businesses and firms that come together to support neighborhood initiatives in the west side of the city, named the allocation of $100,000 to 21 grant recipients as part of its bi-annual grant
Zenith IOS acquires three-acre industrial outdoor storage property
November 14, 2023
Portland, OR Zenith IOS has closed on a three-acre property located at 17090 NE San Rafael St. The off-market acquisition was brokered by Devin Kopas of JLL.
Matter Real Estate Group’s UnCommons awarded Nevada’s first WELL Certification
November 14, 2023
Las Vegas, NV According to Matter Real Estate Group, UnCommons, the company’s 40-acre campus in southwest Las Vegas, has been awarded Nevada’s first WELL Certifications by the International WELL Building Institute (IWBI). The certifications, which have been designated
Red Oak Capital Holdings provides $4.25 million bridge loan for multi-tenant industrial property
November 14, 2023
Chicago, IL Red Oak Capital Holdings, LLC has provided a $4.25 million bridge loan for a multi-tenant industrial property. The funds will be used to refinance and upgrade the class B facility, located at 3850 W. Cortland St. in the North Chicago industrial submarket. The loan was underwritten
Riddle and Cavanor of Capstone sell two multifamily buildings for $1.31 million
November 14, 2023
Colorado Springs, CO Capstone has closed the sale of Canyon Retreat Apartments, a 5,252 s/f multifamily property for the sale price of $1.31 million. Adam Riddle and Conor Cavanor of Capstone brokered the transaction.
Adams of Capstone sells 31-site mobile home park for $2.575 million
November 14, 2023
Greeley, CO Capstone has closed the sale at 817 26th Ave., a 31-site mobile home park, for the sale price of $2.575 million. Benton Adams of Capstone brokered the transaction.
Flaa and Wood join Red Oak Capital Holdings
November 14, 2023
Charlotte, NC Red Oak Capital Holdings, LLC has brought on Will Flaa as senior vice president – investments, and Ken Wood as regional manager – northeast. They will respectively be based in Dallas, Tx. and Norwalk, Conn.
Crow Holdings Development holds ribbon-cutting ceremony for 1.2 million s/f warehouse/distribution p...
November 14, 2023
Carteret, NJ Local dignitaries, industry professionals and stakeholders joined Crow Holdings Development (CHD) to celebrate the grand opening of Crow Holdings at Carteret. The event culminated with mayor Daniel Reiman joining members of the development team for a formal ribbon-cutting
Investment Property Realty Group negotiates multiple closings totaling $28.684 million
November 14, 2023
Brooklyn, NY Investment Property Realty Group (IPRG) negotiated nine real estate transactions in New York City. 550 Van Buren St., Brooklyn for $4.78 million. This property is located between Broadway and Patchen Ave. The building is built
Samanea New York signs lease with Pickleball Smash-it and Smash-it Therapy at 1500 Old Country Rd.
November 14, 2023
Westbury, NY Samanea New York, located at 1500 Old Country Rd., has signed a lease with Smash-It Therapy and Pickleball Smash-It, a new, recreational rage room venue and indoor pickleball destination that will occupy
Eastern Union secures $74.2 million construction loan for 256-unit multifamily project
October 31, 2023
Teaneck, NJ Eastern Union, one of America’s largest commercial real estate mortgage brokerage firms, has closed on a $74,217,664 transaction toward the refinancing of a construction loan for a 256-unit, multifamily property
Breslin Realty leases 20,000 s/f to Michaels
November 14, 2023
Hicksville, NY Breslin Realty signed a long-term lease with Michaels at 410 South Oyster Bay Rd. Michaels will be occupying 20,000 s/f of the Woodbury Shopping Center, taking over the space that was vacated when TJ Maxx moved across the street into Woodbury Plaza.
Racanelli Construction honored by NY State Education Dept.
November 14, 2023
Melville, NY Racanelli Construction Company, Inc. was named among 53 employers recognized by the New York State Education Department as an Employer of Individuals with Disabilities. The honor was bestowed in conjunction
Highcap Group arranges joint venture development partner for Docker’s Restaurant & Marina
November 14, 2023
East Quogue, NY According to sources linked to ownership, George Valliades, company director of Highcap Group, has arranged the joint venture partnership sale of 94 Dune Rd. for an undisclosed sum and partnership
Applying for IDA benefits as a tenant in a multi-tenant building - by Louis Fiore
November 14, 2023
Industrial Development Agencies (IDAs) are public benefit corporations established pursuant to the NY General Municipal Law that provide benefits to for-profit companies in order to incentivize job creation and economic development. The
Walker, Mannings, Huang and Foster join Moritt Hock & Hamroff
November 14, 2023
Garden City, NY Moritt Hock & Hamroff (MHH) has added four attorneys across three of its offices. George Walker joins as counsel and Amber Mannings and Jessica Huang join as associates in the firm’s litigation
Azevedo and Pagán of Romer Debbas close 19 million Fannie Mae DUS Assumption loan
October 31, 2023
Savannah, GA Romer Debbas LLP’s Agency Lending & Affordable Housing group represented a prominent agency lender in the closing of a $19 million Fannie Mae DUS Assumption Loan secured by a 176-unit multifamily project.
CIBS Long Island Women break through the “grass” ceiling by hosting first annual golf outing
November 14, 2023
Smithtown, NY Three years ago, after joining CIBS and becoming a member of the CIBS W committee, Patti Kielawa of Hanover Bank, having successfully won business on the golf course, wanted to bring her passion for golf to