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New Report: Fines on NYC property owners for buildings emissions could exceed $900 million each year...
January 17, 2023
A new study by Level Infrastructure, a leading engineering consulting firm, found that thousands of properties are on track to be out of compliance with New York City’s buildings emissions law by 2030—even if they make significant investments to improve
Largo Group completes two refinances totaling $7.3 million
January 17, 2023
Buffalo & Niagara Falls, NY The Largo Group of Companies (Largo) has completed two refinances totaling $7.3 million. Ned Perlman, vice president of Originations at Largo, arranged $1.9 million or the refinance
AREA15 to expand district by 20 acres
January 17, 2023
Las Vegas, NV AREA15, the immersive art and entertainment district, announced an expansion spanning 20 acres to its north along Interstate 15. Universal Parks & Resorts will anchor the District expansion with a new, year-round horror entertainment
GPARENCY secures $65 million financing for Virginia office portfolio acquisition
January 17, 2023
Glen Allen and Richmond, VA GPARENCY -- a national commercial real estate prop-tech platform providing tools for finding and financing transactions – has completed a $65 million financing for an 11 property office building portfolio
Axiom Capital funds $11 million loan for retail property in Altoona, PA
January 17, 2023
Altoona, PA Axiom Capital Corp. has structured and arranged an $11 million permanent loan for the refinance of a single tenant retail property. The property is comprised of a 222,139 rentable s/f building
2022 Year in Review: Joel Kraut, BridgeXFunding
December 27, 2022
What person, project, transaction or market trend had the greatest impact on your industry this year? Our market influencer of the year is, COFR, James Powell. The speed of the Fed tightened and was unforeseen by the majority of market players. With the cost
Will Your Buildings be Local Law 97 Compliant by 2025? - by Alexander Hochhausl
January 17, 2023
Over 70% of New York’s greenhouse gas emissions come from buildings. In New York City, those emissions come from 1 million buildings burning fossil fuels for heating, cooling, and power
StoutCap raise $4 million for Treetop Apartments in Fayetteville, NC
January 17, 2023
Fayetteville, NC StoutCap, a premier real estate investment firm creating opportunities to help people invest passively in real estate, announced it’s raising $4 million to acquire Treetop Apartments, a garden-style apartment
Western Specialty Contractors, KBS to complete curtain wall restoration at 42-story mixed-use tower ...
January 17, 2023
Chicago, IL Western Specialty Contractors – Chicago Facades Branch and KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, are completing the restoration of a curtain wall
As markets remain uncertain, institutional investors are confident in real estate investments & turn...
January 17, 2023
Institutional investors, such as insurance companies and pension funds, are weighing their options in the real estate market when making key decisions about allocating investments. In today's climate of uncertainty around economic recovery rates
JLL’s hotels & hospitality group closes sale of Mr. C Seaport
January 17, 2023
Manhattan, NY JLL’s Hotels & Hospitality Group announced today that it has closed the sale of Mr. C Seaport, a 66-key boutique luxury hotel in the Seaport District. JLL represented the seller, Atlantic Pearl Investments, Inc.
Gebroe-Hammer Associates reports $1.47+ billion in multifamily sales for 2022 and optimism for healt...
January 17, 2023
Livingston, NJ With many schools of thought on the current and future state of the economy swirling, one thing remains clear for 2023: multifamily assets have been and will continue to demonstrate stability during this period of normalization, according to the multifamily-focused investment brokerage
LPC breaks ground on first project in Phoenix
January 17, 2023
Phoenix, AZ Logistics Property Company, LLC (LPC), a rapidly growing industrial real estate developer, investor, and manager in North America, began construction on Palm Gateway Logistics Center, a 4-building logistics
NJEDA create two new real estate programs to support construction and film infrastructure
January 17, 2023
Trenton, NJ The New Jersey Economic Development Authority (NJEDA) Board approved the creation of two new real estate pilot programs – the Film & Digital Media Studio Infrastructure Program and the Construction Inflation
Cleeman Realty Group completes sale of Audubon Plaza in Owensboro, KY
January 17, 2023
Owensboro, KY Cleeman Realty Group has arranged the sale of Audubon Plaza. The 62,924 s/f center was 89% occupied at closing. The property is anchored by national retailers Ollie’s Bargain Outlet and Rent-A-Center
REBNY to host annual event at The Glasshouse on April 20th
January 17, 2023
Manhattan, NY The Real Estate Board of New York (REBNY), New York City’s leading real estate trade association, announced that its annual event will take place this year on April 20th. Hosted
60 Guilders purchases apartment building portfolio for $143 million
January 17, 2023
Brooklyn, NY A joint venture between affiliates of 60 Guilders and Stockbridge successfully closed on the purchase of three rental apartment buildings located at 205 North 9th St., 220 North 10th St., and 225 North 9th St.for $143.35 million
Shawmut Design and Construction names Bishop chair of the Board of Directors
December 27, 2022
Shawmut Design and Construction, a leading $1.3 billion national construction management firm, has appointed current board member Kimberly Bishop to chair of the board of directors. Bishop’s new role is Shawmut’s latest move in its commitment
Forchelli Deegan Terrana promotes attorneys to partner
January 17, 2023
Uniondale, NY Forchelli Deegan Terrana LLP (FDT) promoted the following attorneys to partner effective January 1, 2023: • Lisa Casa, employment & labor
Yim promoted to vice president at Mark Design Studios Architecture
January 17, 2023
Hicksville, NY Irene Yim was promoted to vice president of Mark Design Studios Architecture (MDS). “Irene has worked diligently over the years to help elevate MDS to the top of our field in terms of quality of design and service to our clients,” said Michael Mark, president/founder of MDS.