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Fried Frank acted as counsel to JV for financing and redevelopment of 25 Water St.
December 27, 2022
Fried Frank acted as counsel to GFP Real Estate and Metro Loft Management in connection with a joint venture with Rockwood Capital and represented the venture in connection with the financing and redevelopment of 25 Water St. The
Newmark arranges $300 million self storage JV with Maya Capital Partners and Artemis Real Estate Par...
December 27, 2022
Newmark announces that the firm has arranged a $300 million programmatic joint venture ("the Venture") between Maya Capital Partners ("Maya") and Artemis Real Estate Partners focused on high-quality value-add self-storage
Farrell Fritz promotes two attorneys to counsel
December 27, 2022
Uniondale, NY Farrell Fritz has promoted Edward Baker and Bret Cahn to counsel effective January 1. Edward Baker is an estate litigation attorney. He received his J.D. from Brooklyn
Farrell Fritz elevates five attorneys to partner
December 27, 2022
Uniondale, NY Farrell Fritz has promoted John Armentano, Azriel Baer, Peter Sluka, Lisa Vaccaro and Irene Zoupaniotis to partner. John Armentano is a land use and municipal litigation attorney
REBNY report shows NYC multifamily foundation applications plummeting in the second half of 2022
December 27, 2022
Amid a growing chorus from most public officials about the need to address New York City’s housing supply crisis, the Real Estate Board of New York (REBNY) released a new report to better understand the state of the multifamily development market and worsening pace of production
Behar elevated to co-chair of the Litigation Practice Group
December 27, 2022
Hauppauge, NY Jarrett Behar, partner at Certilman Balin Adler & Hyman, LLP, has been elevated to co-chair of the Litigation Practice Group. He will work in both Hauppauge and East Meadow offices. He has vast
HGAR appoints Currier as Interim CEO
December 27, 2022
White Plains, NY The Hudson Gateway Association of REALTORS (HGAR) Executive Committee has appointed Jana Currier as Interim CEO, to serve until the search process is complete and a candidate has been selected for the permanent
American Elevator Group promote Spinelli and Hoover
December 27, 2022
Bronx, NY According to Bryan Clairmont, president of American Elevator Group, two promotions have been completed, including that of Gregg Spinelli to the position of president of Bronx-based Eltech Elevator
Merriman and Schwartz join Simone Development Companies
December 27, 2022
Bronx, NY Simone Development Companies has appointed two real estate industry veterans to senior positions in its construction and leasing departments. Roger Merriman is Simone Development
Property Resources Corportation appoints Matt Linde CEO and Ben Linde COO
December 27, 2022
Property Resources Corporation (PRC), a leading New York City affordable housing developer founded in 1971, named principals Matt Linde, CEO, and Ben Linde, COO. In these roles, they will oversee the company’s strategic vision and expand its affordable and market-rate development portfolio while managing day-to-day operations
Landau launches new real estate venture, Landau Properties, first project in Miami
December 27, 2022
Miami, FL According to veteran real estate executive Jonathan Landau, the launch of his new venture, Landau Properties, a family-owned firm that will develop, acquire and operate properties in New York, South Florida and Boston. Landau will
Meridian’s Doshi and Mehra sell vacant building for $4.65 million
December 27, 2022
Manhattan, NY Meridian’s Amit Doshi and Shallini Mehra closed on 356 West 48th St., a vacant five-story residential building. The 9,900 s/f property is currently configured with 21 apartments and has been vacant
Hoffman elevated to co-chair of Real Estate Group
December 27, 2022
East Meadow, NY Jodi Hoffman, partner at Certilman Balin Adler & Hyman, LLP, has been elevated to co-chair of the firm’s Real Estate Practice Group. Managing partner Howard Stein is her co-chair
TerraCRG sells adjacent mixed-use buildings for $5.37 million
December 27, 2022
Brooklyn, NY TerraCRG, a leading commercial real estate brokerage firm, has closed on the sale of two individual mixed-use buildings adjacent to each other on Park Slope’s 5th Ave. for a total of $5.37 million. Partner
Forever a Zero-Sum Game? - by Michael Ferruggia
December 27, 2022
Over the past several years, New York landlords, developers, investors and lenders have been realizing the impact and market disruptions affected by the Housing Stability and Tenant Protection Act of 2019 (HSTPA). This sweeping legislative initiative
Ariel Property Advisors arrange $33.6 million sale of multifamily portfolio
December 27, 2022
Bronx, NY Ariel Property Advisors (Ariel) arranged the $33.6 million sale of a portfolio comprised of six multifamily elevator buildings located at 111-119 Tudor Pl., 1170-1176 Walton Ave. and 309 East 164th St. in the Concourse
Romer Debbas LLP closes $10.1 million conventional acquisition loan for Greystone Servicing Company ...
December 27, 2022
Indianapolis, IN Romer Debbas, LLP, an award-winning boutique law firm that specializes in all aspects of real estate and general practice, has successfully represented Greystone Servicing Company LLC (Greystone) in the
Newmark facilitates $127 million financing of 575 Broadway
December 27, 2022
Manhattan, NY Newmark has arranged a $127.4 million loan for the refinancing of 575 Broadway, a mixed-use office and retail building. The Newmark team was led by vice-chairmen and co-heads of the Debt & Structured Finance team
Northmarq completes $5 million refinance of student housing property
December 27, 2022
Fredonia, NY Robert Ranieri, senior vice president/managing director of Northmarq’s White Plains-based regional office, arranged the $5 million refinance of Campus Edge at Brigham. The student housing property is a 169-unit apartment complex
ERG Commercial Real Estate complete $2.435 million refinance loan
December 27, 2022
New Rochelle, NY ERG Commercial Real Estate, a Long Island based commercial real estate firm, through an affiliate, delivered a $2.435 million refinance loan to the owner of a fully leased commercial property containing seven tenants