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BHI provides $29.25 million construction financing to ZDJ Jamaica LLC
June 27, 2023
Queens, NY BHI has provided a $29.25 million loan to ZDJ Jamaica LLC. Funds from this loan will finance the construction of 138-45 Jamaica Ave. Upon completion, 138-45 Jamaica Ave. will be a seven-story ground-up mixed-use development
FundRebel to acquire Nine Hollywood, a mixed-use development for $67 million
June 13, 2023
Hollywood, FL The investment platform FundRebel, LLC announced its first target asset is under contract to be acquired for $67 million. The property, Nine Hollywood, is situated in a high-demand area, centrally located just minutes
Rockabill Consulting & Development promotes Taft to vice president
June 13, 2023
Hoboken, NJ Rockabill, a leading consultant and development partner for the affordable and supportive housing industry, announced that the firm has elevated Rebekah Taft to vice president where she will oversee a variety of transactions ranging
Greyhill Group expands portfolio with $7.5 million acquisition of 63 unit multifamily property
June 13, 2023
New Britain, CT GreyHill Group, a rapidly growing, commercial real estate investment company headquartered in New York, has completed the acquisition of The Bleu, a 63-unit, multifamily property located at 1300 and 1412 East St. The transaction marks a significant addition to GreyHill's diverse portfolio. GreyHill Group acquired The Bleu at a purchase price of $7.5 million
Avison Young appoints Klaff as U.S. president
June 13, 2023
Chicago, IL Avison Young announced that Harry Klaff will transition to the role of U.S. president. Klaff’s deep industry knowledge within the firm and the commercial real estate industry will position him to lead Avison Young’s U.S. team, working closely with the firm’s CEO, principals, and executive team. He will continue to operate out of Washington, D.C., overseeing the firm’s U.S. markets
The Altman Companies launch Altman Living, an affordable housing division with Schultz as president ...
June 13, 2023
Fort Lauderdale, FL The Altman Companies, a nationally recognized developer, builder, and manager of rental apartment communities, announced the launch of a new division, Altman Living, focused on creating affordable and workforce housing. The division intends to address the growing need for affordable housing in our communities and will serve as a strategic investment to complement and enhance the business of The Altman Companies
Second Avenue announces JV partnership and property management agreement with Sculptor Real Estate
June 13, 2023
Tampa, FL Second Avenue, a full-service, institutional quality single-family rental platform (SFR), announced a strategic joint venture (JV) and property management agreement with Sculptor Real Estate (Sculptor), the real estate business of Sculptor Capital Management, Inc. (NYSE: SCU), a leading global alternative asset management firm specializing in real estate, credit, and multi-strategy investment products
Black Excellence Awards Committee hosts the second annual Black Excellence Awards
June 13, 2023
Binghamton, NY The Black Excellence Awards Committee hosted the second annual Black Excellence Awards on June 16, 2023 at the DoubleTree by Hilton. The awards were designed to celebrate creativity, innovation, outstanding leadership, and a commitment to empowerment in the Black community. The awards this year honored 19 individuals across 17 different categories for their exceptional contributions in various trades and industries
CIBS announces 2022 most ingenious deal of the year
June 13, 2023
Bethpage, NY The Commercial Industrial Brokers Society of Long Island (CIBS) presented the 2022 Most Ingenious Deal of the Year (MIDY) Award at an event co-sponsored by the Association for a Better Long Island (ABLI). The award was given to the CBRE team of senior vice president Paul Leone, vice president Matt Manoogian and senior vice president Martin Lomazow for their outstanding work on the Baylis 495 Business
REBNY announces winners for 79th annual commercial sales most ingenious deal of the year awards
June 13, 2023
Manhattan, NY The Real Estate Board of New York (REBNY) brought together hundreds on June 14th to announce the Commercial Sales Brokers Most Ingenious Deal of the Year Awards for deals completed in calendar year 2022. Conceived in 1944, the member contest honors resourcefulness and
Forchelli Deegan Terrana LLP congratulates Simoncic on being selected as one of Most Dynamic Women L...
June 13, 2023
Uniondale, NY Forchelli Deegan Terrana LLP congratulates Judy Simoncic, the firm’s deputy managing partner, and a partner in its Land Use & Zoning practice group, on being selected by Long Island Business News to be featured in the 2023 Long Island Business Influencers
Eastern Union secures $14.747 million to refinance two multifamily properties in Mobile, AL
June 13, 2023
Mobile, AL Eastern Union, one of the country's largest commercial real estate brokerage firms, has arranged $14.747 million in refinancing for two multifamily properties comprising a total of 334 units
Meridian’s Doshi and Mehra complete $9.1 million sale for pair of elevator buildings
June 13, 2023
Brooklyn, NY Meridian’s Amit Doshi and Shallini Mehra recently closed at 288 and 295 Maple St. The two six-story elevator buildings are located in the Prospect-Lefferts Gardens neighborhood, span 74,622 s/f, and are currently configured with 69 apartments
Ross of Largo Capital arranges $1.8 million finance loan
June 13, 2023
Oshawa, ON Kevin Ross, managing director at Largo Capital Limited, arranged a $1.8 million non-recourse loan to finance a 9,688 s/f retail plaza. The property is currently 100% occupied with a variety of restaurant and food service tenants
VanTrust Real Estate named NAIOP 2023 developer of the year
June 13, 2023
Seattle, WA NAIOP, the Commercial Real Estate Development Association, has selected VanTrust Real Estate, LLC (VanTrust) as its 2023 Developer of the Year – the association's highest honor. The award will be presented during NAIOP's CRE.Converge conference this
Info Track program debuted at 35th annual Long Island Board of Realtors education conference and tra...
June 13, 2023
Woodbury, NY As part of the 35th Annual Long Island Board of REALTORS Education Conference and Trade Show, OneKey MLS, hosted its first-ever Info Track program, a hub of innovative training sessions and expert insights to help real estate professionals grow
The Bridge is hosting “Let’s Par-tee: The Bridge Golf Outing” fundraiser - special guests incl...
June 13, 2023
Roslyn, NY The Bridge is hosting “Let’s Par-tee: The Bridge Golf Outing” fundraiser at the Engineers Country Club on July 24
Theodore Roosevelt Council-BSA will hold its 14th Annual Design, Construction, and Real Estate Dinne...
June 13, 2023
The Theodore Roosevelt Council-BSA will hold its 14th Annual Design, Construction, and Real Estate Dinner at The Mansion at Oyster Bay, Woodbury honoring Salvatore Ferrara, R.A. president of Combined Resources Consulting and
BHI provides $6 million loan to refinance Casa Victoria Orchid Hotel
June 13, 2023
Miami, FL BHI, a full-service commercial bank, announced that it has provided a $6 million loan to refinance 1444 Drexel Ave. The loan provided by BHI will enable the Casa Victoria Orchid Hotel to further enhance the guest experience through strategic
Cronheim secures 75% LTC, 3-year fixed-rate construction financing for Class A multifamily
June 13, 2023
Edinburg, TX Cronheim Mortgage has secured a 75% LTC, three-year fixed-rate construction loan for the development of a 200-unit, Class A, resort-style multifamily complex dubbed, “Las Villitas.” The $18.3 million financing was closed with a regional bank and features a 36-month interest only period followed by a 12-year term. The property is a part of a larger master-planned mixed-use development by the sponsor, walking distance from what will be Class A retail amenities. The subject is located in the McAllen-Edinburg MSA, minutes from the University of Texas