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HLC Equity’s 156-unit Southgate Apartments in Dallas secures long-term financing

HLC Equity’s 156-unit Southgate Apartments in Dallas secures long-term financing

March 28, 2023
Princeton, TX HLC Equity, a leading private equity firm specializing in real estate investment and management, has successfully refinanced Southgate Apartments, a 156-unit multifamily property into long-term debt. Originally a
The Leadership Alliance joins Senator Chuck Schumer, Broome County Urban League, and other community partners to announce $750,000 in childcare funding

The Leadership Alliance joins Senator Chuck Schumer, Broome County Urban League, and other community...

March 28, 2023
Binghamton, NY Leadership Alliance CEO, Stacey Duncan, alongside community partners from the Urban League and the United Way of Broome County have announced an award of $750,000 in congressionally directed spending secured by Senator Chuck Schumer
Capstone closes sale $1.6 million of three seperate multifamily buildings

Capstone closes sale $1.6 million of three seperate multifamily buildings

March 28, 2023
Capstone has closed the sale of 5100, 5150 & 5180 West Kentucky Ave., three separate multifamily 3-plexes with 1,630 s/f per building, for the sale price of $1.6 million. Benton
Plaza Construction completes renovation of the Gateway Center

Plaza Construction completes renovation of the Gateway Center

March 28, 2023
Newark, NJ Plaza Construction LLC has recently completed the renovation of the Gateway Center for Onyx Equities. This project included the modernization of three of the Gateway Center building lobbies, renovation of the Concourse, a half
Bayport Funding closed on $200 million senior credit facility from Webster Bank

Bayport Funding closed on $200 million senior credit facility from Webster Bank

March 28, 2023
Bayport Funding, a leading direct portfolio lender providing bridge financing for real estate investors, has announced the closing of a $200 million senior credit facility from Webster Business Credit, a division of Webster Bank and the lead syndication agent in the transaction. The move bolsters Bayport’s already significant financial resources as the firm expands
Ariel completed $3.78 million sale of mixed-use multifamily property

Ariel completed $3.78 million sale of mixed-use multifamily property

March 28, 2023
Manhattan, NY Ariel Property Advisors (Ariel) has completed the sale of a mixed-use multifamily property at 32 Ave. A between East 2nd and East 3rd st.'s. The property traded for $3.78 million, which translates
Westchester County IDA votes final and preliminary approval of financial incentives for two development projects

Westchester County IDA votes final and preliminary approval of financial incentives for two developm...

March 28, 2023
The Westchester County Industrial Development Agency (IDA) has voted final and preliminary approval of financial incentives for two significant projects in downtown White Plains – an affordable housing project for seniors and a transit-oriented development
Yonkers IDA votes preliminary approval of incentives for $56.8 million affordable rental building for low-income seniors

Yonkers IDA votes preliminary approval of incentives for $56.8 million affordable rental building fo...

March 28, 2023
The Yonkers Industrial Development Agency (YIDA) voted at its March 6 monthly meeting preliminary approval of financial incentives for a $56.8 million affordable housing project for low-income seniors. Located at 345 McLean Ave., the 12-story residential building will feature
Urban Edge Properties adds retail, service, and dining options to Bergen Town Center

Urban Edge Properties adds retail, service, and dining options to Bergen Town Center

March 28, 2023
Paramus, NJ Urban Edge Properties (NYSE:UE) has announced a line-up of new and expanding tenants coming to Bergen Town Center (“BTC”), including beauty, retail and dining experiences
G.S. Wilcox & Co. arranges $90 million in financing for Sol at Vermella Union

G.S. Wilcox & Co. arranges $90 million in financing for Sol at Vermella Union

March 28, 2023
Union, NJ G.S. Wilcox & Co. has completed $90 million in permanent financing for a 309-unit luxury apartment community. The financing, arranged by Gretchen Wilcox, president, and David Fryer, principal, was secured on a 7-year term. The project
Betesh of Meridian Capital Group arranges $19 million in financing for a multi-use garage and retail space

Betesh of Meridian Capital Group arranges $19 million in financing for a multi-use garage and retail...

March 28, 2023
Manhattan, NY Meridian Capital Group has arranged $19 million in financing for a multi-use garage and retail space
Cornerstone Land Abstract is a preferred title insurance provider for CondoTek's new title portal

Cornerstone Land Abstract is a preferred title insurance provider for CondoTek's new title portal

March 28, 2023
Cornerstone Land Abstract is partnering up with CondoTek as one of its preferred title insurance providers within CondoTek's new title portal. CondoTek leverages unique expertise in technology and real estate to enhance the lending and closing
X-Caliber Rural Capital closes $56 million bridge transaction for a Hardee Fresh vertical farm

X-Caliber Rural Capital closes $56 million bridge transaction for a Hardee Fresh vertical farm

March 28, 2023
Americus, GA X-Caliber Rural Capital, an affiliate of X-Caliber Holdings and a U.S. Department of Agriculture (USDA)-licensed lender for rural business and economic development projects, announced the closing of a
Meridian Capital Group arranges $9.8 million in construction financing for a residential condominium development

Meridian Capital Group arranges $9.8 million in construction financing for a residential condominium...

March 28, 2023
Manhattan, NY Meridian Capital Group has arranged $9.8 million in financing for a residential condominium building. The construction loan was provided by a regional bank, and was negotiated by Meridian’s Reuben Hedaya
Grand Central partnership “Grand Gourmet” celebrates chefs and restaurants while supporting homeless services

Grand Central partnership “Grand Gourmet” celebrates chefs and restaurants while supporting home...

March 28, 2023
HJ Kalikow’s 101 Park Ave. sits within the Grand Central Partnership (GCP), one of the largest Business Improvement Districts (BID) in New York City, whose mission is to support and promote the neighborhood
GFP Real Estate partners with local preschool to offer discounted childcare services to tenants

GFP Real Estate partners with local preschool to offer discounted childcare services to tenants

March 28, 2023
GFP Real Estate has partnered with Buckle My Shoe Preschool to offer its enriched Reggio Emilia-inspired, play-based educational infant/toddler and preschool program to its tenants at a significant discount
Hines earns 2023 ENERGY STAR Partner of the Year - Sustained Excellence Award

Hines earns 2023 ENERGY STAR Partner of the Year - Sustained Excellence Award

March 28, 2023
According to Hines, the global real estate investment, development and property manager, it is a recipient of the 2023 ENERGY STAR Partner of the Year Sustained Excellence Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy. This is the 19th time Hines has been recognized and the 16th time Hines has received the Sustained Excellence Award
Martin Ginsburg joins with Mayor Roach for grand opening of Medi Bistro

Martin Ginsburg joins with Mayor Roach for grand opening of Medi Bistro

March 28, 2023
Continuing the ongoing transformation of Downtown White Plains, Martin Ginsburg, founder and principal of Ginsburg Development Companies (GDC) joined with White Plains Mayor Tom Roach today for the Grand Opening of Medi Bistro, a new