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X-Caliber releases whitepaper on office and hotel conversions into multifamily
July 25, 2023
Irvington, NY X-Caliber, a national, direct commercial real estate lender focused on impact lending, has released a whitepaper on the office and hotel -to-multifamily conversion trend in wake of low occupancies and some struggling properties
Hach of Refined arranges two commercial mortgages
July 25, 2023
Brooklyn, NY Joe Hach, partner at Refined, recently arranged two commercial mortgages. The first transaction, a $10.5 million bridge loan, was collateralized by two rent-stabilized multifamily properties
Calnan of J. Calnan & Associates honored as EY Entrepreneur Of The Year 2023
July 25, 2023
Quincy, MA Jay Calnan, CEO of J. Calnan & Associates (JC&A), has been named the EY Entrepreneur of the Year for 2023. The independent panel of judges recognized Calnan's exceptional entrepreneurial spirit, long-term value creation, purpose-driven approach, remarkable growth, and significant impact in his field
Brisa Builders Development LLC and Glenmore Managers LLC get the green light to start construction o...
July 25, 2023
Brooklyn, NY Residents and business owners of Brownsville gathered together with Glenmore Manor Managers LLC to celebrate the groundbreaking ceremony for the construction of Glenmore Manor. Brisa Builders Development (BBD) is the leader of the joint venture entity Glenmore Manor Managers LLC. Composed of BBD, African American Planning Commission Inc., and Lemle & Wolff Companies, Glenmore Manor
JRM Construction completes Pastrami Queen build out
July 25, 2023
Manhattan, NY JRM Construction has recently completed the build out of food outpost Pastrami Queen. Often featured in Best Of lists, much success is anticipated for Pastrami Queen’s third location. The new location is located in Moynihan Train Hall, which has recently undergone a number of significant renovations. JRM has also completed a number of other hospitality location build outs for the train hall
Lapidos joins Aria Development as head of asset management
July 25, 2023
Aria Development Group, a leading real estate investment and development firm, announced that Rick Lapidos has recently joined as managing director, head of Asset Management. Lapidos will be responsible for overseeing Aria’s asset management program to optimize the financial performance of properties across multiple states, working closely with internal and external stakeholders. Before joining Aria, Lapidos held several asset management leadership positions with Taconic Partners
Andover Properties acquire self-storage facility in Naples, FL
July 25, 2023
Naples, FL Andover Properties announced the acquisition of a 105,000 s/f self-storage facility. The facility, previously operated as Jim’s Stowaway, will be rebranded under Andover’s Storage King USA brand
Riguardi of JLL honored at Dominion City Church of New York annual golf outing
July 25, 2023
Staten Island, NY Dominion City Church of New York honored Peter Riguardi, chairman and president of JLL’s New York Tri-state region, at the Dominion City Church Golf Outing. The event, held at Richmond County Country Club,
JRM Construction completes Galaxy Digital's office space
July 25, 2023
Manhattan, NY JRM Construction Management announced the completion of Galaxy Digital's office space. The project, designed by Young Projects, reflects the unique culture of Galaxy Digital, a leader in digital asset and blockchain technologies
Chartwell acquires 81,000 s/f, Class A industrial building for $13.79 million
July 25, 2023
Congers, NY Raja Amar, the Stony Point developer and entrepreneur, through his Triangle Squared Realty Hemlock, LLC sold the commercial/industrial building at 25 Hemlock Dr. to Chartwell Hemlock Realty LLC, the real estate arm of Chartwell Pharmaceuticals for $13.79 million
CIBS presents “Meet the Candidates” - County Executive candidates Romaine and Calone to discuss ...
July 25, 2023
Melville, NY On Wednesday, September 13th, the Commercial and Industrial Brokers Society of Long Island (CIBS) will host a "Meet the Candidate" breakfast, featuring candidates for Suffolk County Executive Republican Hon. Ed Romaine and Democrat Dave Calone
Hach of Refined closes 5-year permanent mortgage for multifamily property
July 25, 2023
Dawsonville, GA Refined, a leading commercial real estate financing firm, announced the recent closing of a 5-year permanent mortgage for a multifamily property. The mortgage transaction was expertly arranged by Joe Hach, a partner at Refined, with a consistent track record of closing deals in the Southeast, particularly
Slate Property Group and McCourt Partners provide $59 million loan to enable completion of multifami...
July 25, 2023
Jersey City, NJ Slate Property Group, in partnership with McCourt Partners, announced that it has provided Sequoia Development Group and Bushburg Properties with a $59 million bridge loan to enable the final stages of construction at 711 Montgomery St
LAWA celebrates the groundbreaking of LAX’s Midfield Satellite Concourse South
July 25, 2023
Los Angeles, CA At a ceremony attended by members of the Los Angeles Board of Airport Commissioners, Los Angeles World Airports (LAWA) executives and staff and members of the design and construction team, the newest addition to Los Angeles International Airport (LAX)’s multi-billion-dollar Capital Improvement Program broke ground today. The project, Midfield Satellite Concourse (MSC) South, is an extension
Check out the Semi-Annual
Commercial Real Estate Guide!
July 25, 2023
Check out the Semi-Annual Commercial Real Estate Guide!
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Elegran | Forbes and LocalizeOS expand partnership
July 25, 2023
Manhattan, NY Elegran | Forbes Global Properties and LocalizeOS have expanded their partnership to the brokerage level. After a year of revolutionizing the agent experience, the collaboration now extends to the entire brokerage, unlocking engagement technology and positioning Elegran’s advisors at the forefront of the real estate industry.
How community engagement drives more equitable outcomes in the design process - Gray Dougherty
July 25, 2023
New projects and buildings have wide-ranging effects on surrounding communities, ecosystems, and businesses. They impact the physical and mental well-being of individuals, the equitable distribution of economic resources, and future business opportunities. When a developer doesn’t seek out meaningful community input, they risk alienating neighborhoods and locals, while also missing a great opportunity to enrich the design impact of their project.
Mojo Stumer promotes Reiben and Cumella to associates
July 25, 2023
Greenvale, NY Mojo Stumer Associates promoted two employees, Alisha Reiben and George Luis Cumella, to the position of associate. Reiben, who has been an instrumental force in the firm’s financial operations as controller, has consistently exhibited a high level of professionalism, integrity, and meticulousness in her work.
September Promotion
