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Lionheart Strategic Management and Centennial Bank
provide $142.2 million to BREV and PCD Develo...
September 27, 2022
Sleepy Hollow, NY Lionheart Strategic Management LLC, an affiliate of Fisher Brothers that manages capital on behalf of third-party investors, provided a $37.2 million mezzanine loan behind a $105 million senior loan from Centennial Bank to a
Meridian’s Ravvin, Doshi and Mehra complete sale of development site in Greenpoint
September 13, 2022
New York, NY Meridian’s David Ravvin, Amit Doshi, and Shallini Mehra recently closed on the sale of 15 Clay St., a single-story vacant building, and 56 Commercial St., a vacant lot, in Brooklyn. These two properties comprise
Largo Capital arranges $11.5 million to refinance a retail center in Peoria, IL
September 13, 2022
Peoria, IL Kevin Ross, managing director at The Largo Group of Companies, arranged $11.5 million to refinance the existing debt on a grocery-anchored retail center. The arrangement was made possible through one
Cronheim Mortgage recent financings totaling over $750 million
September 13, 2022
Cronheim Mortgage has recently arranged over $750 million in financing for real estate projects located across 16 different states. Many of these have been placed through institutional investors that Cronheim represents as originator and servicer for. Cronheim Hotel Capital (CHC Capital) is the brand that the firm uses
NY Building Congress reveals infrastructure projects for New York’s next 100 years
September 13, 2022
New York, NY The New York Building Congress released a report outlining essential transit, housing, and infrastructure projects that New York City must undertake over the next 100 years for economic growth and a prosperous, equitable future for New York City
Hudson Valley iCampus featured in NYC Builds Bio webinar, ‘Gateways to the North’
September 13, 2022
Earl River, NY Hudson Valley iCampus, the 207-acre premier life sciences, biomed, manufacturing/warehouse and office campus was featured in “Gateways to the North,” a webinar in a series focusing on the growth of the life sciences industry in the New York region
Lottery held for Yonkers residents seeking Affordable Housing vouchers
September 13, 2022
Yonkers, NY The Municipal Housing Authority for the City of Yonkers (MHACY) held a lottery today for 3,000 Yonkers residents who qualify for affordable housing. For the first time in more than 10 years, MHACY has opened its waiting list for Housing Choice Vouchers (Section 8) for
Observations on the New York City office market: flight to quality, new concepts, repositionings and...
September 13, 2022
Investor demand for New York City office buildings rose in the first six months of 2022 with $4.7 billion trading, up 11% from 2H 2021 and up 353% from 1H 2021, Ariel Property Advisors’ research shows
Mesa West Capital funds $49.2 million loan for recap. of Palm Beach County Multifamily Asset
September 13, 2022
Palm Beach County, FL Mesa West Capital has provided a joint venture of ESG Kullen and Angelo Gordon with $49.24 million in first mortgage debt for the recapitalization of a 219-unit multifamily property
JV between Cypress Equity Investments and Winter Properties breaks ground on 354-residence apartment...
September 13, 2022
Bayonne, NJ Cypress Equity Investments (CEI), a national multifamily developer, has started the groundbreaking of Avenue G, a 354-residence apartment complex. Located on New Jersey’s Gold Coast, the new development is directly adjacent to the recently-completed 180-residence Edge apartment community
REBNY announces winners for the Annual Retail Deal of the Year Awards
September 13, 2022
New York, NY The Real Estate Board of New York (REBNY), one of the City’s leading real estate trade association, named winners for its annual Retail Deal of the Year Awards. In its 24th year, the event attracted approximately 150 members and guests, and was held at The Cutting Room
Ismael Leyva Architects designed The Selby, now open for occupancy
September 13, 2022
Westbury, NY Award winning architect Ismael Leyva, FAIA, has designed the new luxury mixed-use property known as The Selby, located at 695 Merrick Ave. The architecture firm was retained by The Beechwood Organization (beechwoodhomes.com) to design the project. The Selby
BG Capital and FreezPak Logistics to build new 272,400 s/f warehouse in Jacksonville, FL
September 13, 2022
Carteret, NJ The newly created strategic partnership between Philadelphia-based BG Capital and NJ-based FreezPak Logistics have completed the purchase of a development site for $11.17 million as part of their effort to build a network of cold
Applications for admission now open for the REBNY Fellows Leadership Program
September 13, 2022
New York, NY The Real Estate Board of New York (REBNY), in collaboration with the Coro New York Leadership Center, have announced applications are now open for the REBNY
SMPS-NY inaugurates new Executive Committee and Board of Directors for 2022-2023 term
September 13, 2022
New York, NY The Society for Marketing Professional Services New York Chapter (SMPS-NY), an organization for marketing professionals in the architecture, engineering, and construction (AEC) industry, celebrated the incoming Executive Committee and Board of
Feldman and Weisman of Romer Debbas honored among "Best Lawyers: Ones To Watch In America"
September 13, 2022
New York, NY Romer Debbas, LLP congratulates Michael Feldman and Alison Weisman, named among Best Lawyers: Ones to Watch in America. This annual ranking recognizes lawyers who are
Forchelli Deegan Terrana LLP welcomes Allegretti to its legal marketing team
September 13, 2022
Uniondale, NY Forchelli Deegan Terrana LLP welcomed Julie Allegretti to the firm as a marketing manager. “Julie’s extensive legal marketing experience and industry
Dib Management names Dib new vice president
September 13, 2022
New York, NY Dib Management, a locally-based real estate development and management firm, has named Danielle Dib as vice president of business development & finance.
GFI Realty Services arranges two sales totaling $9.225 million
September 13, 2022
New York, NY GFI Realty Services completed the following transactions: The $6.4 million sale of 864 East 149th St., a walk-up building comprised of 46 units located in the Mott Haven section of the Bronx. GFI director Zachary Fuchs represented the seller, NY Metro Holdings and
Dayan and Weiss of Resolution Real Estate Partners facilitate $5.547 million sale
September 13, 2022
New York, NY Resolution Real Estate Partners LLC, a member of NAI Global, has arranged the sale of a partially occupied 8,356 s/f, second floor retail condominium space at 250 East 49th St. for $5.547 million. Representing the owner,