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Pyramid Management Group restructures/extends loan on Poughkeepsie Galleria
June 27, 2023
Syracuse, NY Pyramid Management Group has worked with its lender to restructure and extend the loan on Poughkeepsie Galleria. The extension of Poughkeepsie Galleria’s loan allows Pyramid to continue to reinvest in the shopping center, ensuring its health, vibrancy, and dominan
2023 Ones to Watch Industry Leaders: Giorgios Aspras, Collado Engineering, DPC
June 27, 2023
Number of years in CURRENT position: 16 3 skills that you use every day in your position: Relationship building, innovation and creativity, and critical thinking.
2023 Ones to Watch Industry Leaders: Scott Yanuck, Laurel Environmental Geosciences, D.P.C.
June 27, 2023
Number of years in CURRENT position: 30 3 skills that you use every day in your position: Business management, contract negotiations, client relations.
OPEN Impact negotiates Webster Apartments purchase
June 27, 2023
Brooklyn, NY OPEN Impact Real Estate LLC (OPEN) represented The Webster Apartments in its purchase of 229 Duffield St. The Webster Apartments will continue its 100-year-old legacy by transforming the hotel into safe, co-living housing for women working, interning
2023 Ones to Watch Industry Leaders: Courtney Squicciarini Newton, Silverstein Properties
June 27, 2023
Number of years in CURRENT position: 1 Best book, podcast, or app for aspiring leaders: Work Life with Adam Grant (podcast), Thinking Fast and Slow by Daniel Kahneman and Marketing Millennials (podcast).
KeyBank secures $17.7 million of financing for 131-unit Broadway Terrace
June 27, 2023
Manhattan, NY KeyBank Real Estate Capital (KBREC) arranged a $17.7 million Fannie Mae first mortgage loan secured for Broadway Terrace, 131-unit garden style apartments located in New York City. Built in 1927, Broadway Terrace consists of eight, four-story residential buildings, located in
JLL represents ownership group in relocation of Arcade Songs to 60 Charlton St. - CBRE represents te...
June 27, 2023
Manhattan, NY JLL said that Arcade Songs, the independent music publisher headed by multi-platinum, Grammy Award nominated songwriter and producer, Gregg Wattenberg, will relocate to the newly-developed 60 Charlton St. office building in the city’s Hudson Sq. neighborhood.
2023 Ones to Watch Industry Leaders: Greg Corbin, Northgate Real Estate Group
June 27, 2023
Number of years in CURRENT position: Brand new! 3 skills that you use every day in your position: Effective communication / negotiation, creative problem solving, dedication to the job and my clients
Balancing act: NYC hotels balancing migrant housing and tourism - by Anudeep Gosal
June 27, 2023
New York City’s hotel industry contends with a unique quandary in its post-pandemic resurgence. Over 140 city hotels are doubling as migrant accommodations, especially in the certain neighborhoods in the boroughs. This is limiting inventory availability and inadvertently
Alberts of Forchelli Deegan Terrana installed as director of Nassau County Bar Association
June 27, 2023
Mineola, NY According to Forchelli Deegan Terrana LLP, partner and co-chair of the firm’s tax, trusts & estates practice group, Stephanie Alberts, was elected to the Nassau County Bar Association’s (NCBA) board of directors.
New York real estate education changes/requirements by licensing law - by Edward Smith
June 27, 2023
Prior to July 1, 2021, if you were a real estate broker for 15 years or more you were exempt from taking Continuing Education courses, known as being “grandfathered”. As of July 1, 2021, grandfathering ended and all real estate licensees must take 22.5 hours of continuing education, every two
Cain acquires $1.2 billion PacWest New York portfolio
June 27, 2023
New York, NY Cain International (Cain), in partnership with Security Benefit Life Insurance Co., has agreed to acquire a portfolio of real estate construction loans from Pacific Western Bank (PacWest) with total commitments in excess of $1.2 billion.
Innovo Property Group secures $354 million equity recapitalization and construction financing
June 27, 2023
Queens, NY Innovo Property Group (IPG) closed on $354 million of equity and vertical construction financing for a New York City industrial project. The site is located at 28-90 Review Ave., at the intersection of Review and Borden Aves. in Long Island City. The Urban Investment Group within Goldman
Madison International Realty and Joseph P. Day Realty Corp. lease 47,160 s/f at Tower 40
June 27, 2023
Manhattan, NY Madison International Realty and Joseph P. Day Realty Corp. negotiated four new transactions totaling 47,160 s/f in leasing activity at 10 East 40th St., now known as Tower 40
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
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