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MAG Partners, Safanad & Global Holdings form joint venture to secure $95m construction loan
January 16, 2024
Manhattan, NY MAG Partners and Safanad have formed a joint venture with Global Holdings, the international real estate development and investment firm led by chairman and founder Eyal Ofer, to capitalize 300 East 50th St.
Moritt Hock & Hamroff 2024 promotions
January 16, 2024
Garden City, NY Moritt Hock & Hamroff (MHH) has promoted Sofia Fayer, Ilona Posner, Caitlyn Ryan and Michael Schwab to partner, and Karen Davakis, Marshall Dworkin, Grace Lee, Dan Lust and Michael Wickersham have been elevated
Berger of Robert Martin honored by Jewish Business Network at gala
January 16, 2024
Tarrytown, NY Greg Berger, president of Robert Martin Company, was honored at the Jewish Business Network of Rivertowns-Westchester annual breakfast gala & business forum held December 14. More than 175 business leaders attended the event held at the Tarrytown House Estate, Biddle Mansion.
Szczepanowski joins Brown Altman & DiLeo
January 16, 2024
Melville, NY Lidia Szczepanowski has joined Brown Altman & DiLeo, LLP as senior counsel. As senior counsel at Brown Altman & DiLeo, LLP, Szczepanowski will spearhead
Wells Fargo CLI arranges $359m in financing
for 880-unit housing
January 16, 2024
Queens, NY Wells Fargo’s Community Lending and Investment (CLI) has arranged a total of $359 million in financing for one of the largest, 100% affordable housing development in New York City in 40 years. Willets Point Phase 1A is an 880-unit
Coldwell Banker boosts CRE data insights with Placer.ai vendor relationship
January 16, 2024
Manhattan, NY Coldwell Banker Commercial has formed a new vendor relationship with Placer.ai. This affiliation provides the Coldwell Banker Commercial brand and its network of CRE experts with insightful real estate data analytics that showcase the value of properties and optimize management.
Eastman Cooke renovates 4,500 s/f space for Greystone Management
January 16, 2024
Manhattan, NY Eastman Cooke & Associates (ECA), a preeminent New York-based general contracting firm, has completed another turnkey renovation for Greystone Management Corp. at 75 Spring St., a 10-story, circa 1905 commercial property, at the corner of Crosby Street.
Forchelli Deegan Terrana promotes Comiskey and Castronovo
January 16, 2024
Uniondale, NY Forchelli Deegan Terrana LLP promoted two attorneys effective January 1, 2024: • John Comiskey to partner and
Bronsteen, Riney and Farese of Marcus & Millichap broker $4.1m sale of 8-units
January 16, 2024
Brooklyn, NY Marcus & Millichap brokered the sale of 533 Bergen St. for $4.125 million. “This is a deal we have been working on for several years,
IMA New York leases 10,000 s/f at The Durst Organization’s 1155 Avenue of the Americas
January 16, 2024
Manhattan, NY The Durst Organization said that IMA New York has chosen 1155 Avenue of the Americas, for its first New York City office. IMA New York is taking over 10,000 s/f on the 33rd floor
Colliers arranges $38 million sale of
13,580 s/f 560 Fifth Ave.
January 16, 2024
Manhattan, NY Colliers has arranged the $38 million sale of 560 Fifth Ave. At nearly $2,800 per s/f, this sale represents the highest post-pandemic price per s/f for a full building on Fifth Ave. This is the the first time the property has sold in over 50 years
Simone Development’s 63,000 s/f Post Road Plaza fully leased
January 16, 2024
Port Chester, NY Simone Development Companies has signed two new leases totaling 4,485 s/f of retail space at Post Road Plaza at 260-262 Boston Post Rd. (US Rte. 1). The 63,000 s/f retail center is now fully
Ariel Property Advisors closes five Bronx deals - $20.175 million
January 16, 2024
Bronx, NY Ariel Property Advisors (Ariel) has arranged the closing of five transactions totaling $20.175 million. The deals encompass the sale of two industrial warehouses and three development sites and include the following
SCALE Lending provides $46 million bridge loan for Arris Grand
January 16, 2024
Brooklyn, NY SCALE Lending, the debt financing arm of Slate Property Group, has finalized a $46 million bridge loan for Arris Grand, a newly-completed apartment building in the Clinton Hill neighborhood.
Fordham Real Estate Institute names Harris executive director
January 16, 2024
Manhattan, NY The Fordham Real Estate Institute (REI) has named Joshua Harris, Ph.D., CRE, as the executive director of REI at the Lincoln Center campus in New York City. Harris is responsible
Sabal, Bsafal and Argo R.E. form joint venture to provide $64.5 million loan to refinance LaGuardia ...
January 16, 2024
Queens, NY Sabal Investment Holdings (Sabal), Bsafal Inc. (Bsafal), and Argo Real Estate (Argo), formed a joint venture partnership to provide a $64.5 million fully-funded loan to finance the conversion of the LaGuardia Plaza Hotel
Momentive Performance opens at Hudson Valley iCampus
January 16, 2024
Pearl River, NY According to Hudson Valley iCampus, Momentive Performance Materials, Inc.(MPM), celebrated the opening of its 66,430 s/f innovation center located in Building 180 at the campus. The space consists of 38 co-located
Cracking the code: Understanding the pros and cons of Delaware Statutory Trusts for 1031 Exchange R....
January 16, 2024
In the realm of real estate investing, the 1031 exchange Delaware Statutory Trust can provide savvy real estate investors a unique opportunity to achieve passive management, the potential for regular monthly distributions, and a way to enter one
CM&B opens new office location
January 16, 2024
Manhattan, NY Construction Management and Builders, Inc. (CM&B) has been building in New York City and the surrounding boroughs since 2011. Their journey in the city began with the 56,000 s/f LEED
Camber Property Group closes on first phase of $1 billion development
January 16, 2024
Bronx, NY Camber Property Group has kicked off the first two phases of a $1 billion mixed-use 100% affordable development known as Stevenson Sq. The first two closings total $125.5 million in total development cost and will create 117 units of affordable senior
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