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Faropoint secures $1.6 billion in funding through credit facilities
August 9, 2022
Hoboken, NJ Faropoint, a leading real estate investment management firm focused on last-mile properties in high population growth markets, has secured $1.57 billion in funding over the past 14 months through several credit facilities. The facilities were led by KeyBank, as Left Lead
HLC Equity completes sale of multifamily community - Toscana Apartments
August 9, 2022
Carrolton, TX HLC Equity, a multigenerational real estate investment management company, has completed the sale of Toscana Apartments, a 192-unit multifamily community. HLC acquired Toscana in 2017 for $13.25 million and was able to deliver returns significantly above original projections to its
Brix Real Estate Advisors deliver $4.7 million multifamily property sale
August 9, 2022
New York, NY Brix Real Estate Advisors, a Westchester-based commercial real estate firm, has successfully brokered the $4.7 million sale of a 30-unit multifamily building located at 2820 Middletown Rd.
Berkley Insurance Company has renewed its 60,000 s/f office lease at JLL's 757 Third Ave.
August 9, 2022
New York, NY According to JLL, BentallGreenOak has renewed Berkley Insurance Company’s lease at 757 Third Ave., a 504,953 s/f office building owned by BentallGreenOak. Berkley Insurance Company will continue to occupy
Laurel Road signs lease for 15,240 s/f at RAL Development's Zero Irving
August 9, 2022
New York, NY According to RAL Development Services (RAL), Laurel Road, a digital banking platform and brand of leading financial services company KeyBank has signed a new office lease at Zero Irving. Laurel Road leased 15,240 s/f of office space on the 11th floor at Zero Irving in a five
JLL Capital Markets arranged the preferred equity and acquisition loan for 312-unit Lantower Alamo H...
August 9, 2022
San Antonio, TX JLL Capital Markets has arranged $47.3 million in acquisition financing and secured the preferred equity for Lantower Alamo Heights, a 312-unit multi-housing community
Feil Org. completes multiple leases at 257 Park Ave. S & 853 Broadway
August 9, 2022
New York, NY The Feil Organization has signed multiple long-term leases at its 257 Park Ave. S and 853 Broadway locations in the ever-active neighborhood.
TerraCRG sells $3.25 million corner mixed-use property
August 9, 2022
Brooklyn, NY TerraCRG has closed on the $3.25 million sale of 854 Bushwick Ave., a corner mixed-use property. Partner Matt Cosentino and associates Isaiah Thomas and Rémi Norris of TerraCRG exclusively represented the seller on this
TerraCRG sells $10.23 million industrial warehouse
August 9, 2022
Brooklyn, NY TerraCRG has closed on the $10.23 million sale of 202 Van Dyke St., a block-wide, multi-tenanted industrial warehouse, located in Red Hook. Partners Ofer Cohen, Dan Marks, Daniel Lebor, and associate Jackson O’Neill of TerraCRG
Casale of M&T Realty Capital Corp. arranges three loans totaling $60.25 million
August 9, 2022
Buffalo, NY M&T Realty Capital Corporation arranged a $41.25 million life insurance company portfolio loan for the refinance of a 6-property, 500-unit multifamily portfolio. The 20-year loan term was amortized
ATCO completes 5 leases totaling 16,400 s/f
August 9, 2022
New York, NY ATCO Properties & Management has completed five leasing transactions totaling 16,400 s/f at 373 Park Ave. S and sister building 381 Park Ave. S, two of its boutique class A properties
NAVADERM signs 6,400 s/f lease at Throggs Neck Shopping Center
August 9, 2022
New York, NY According to Simone Development Companies, NAVADERM has signed a 10-year, 6,400 s/f lease at the Throggs Neck Shopping Center, bringing the 12-year-old shopping center to full occupancy
Metroloft and Silverstein Properties acquire 55 Broad St.
August 9, 2022
New York, NY Fried Frank acted as counsel to a joint venture between Metroloft and Silverstein on the acquisition of 55 Broad St. in Manhattan for US$180 million. 55 Broad St. is a 30-story, 406,025 s/f office building, situated in the Financial District. Fried Frank
George Comfort & Sons signs 32,000 s/f of leases at 44 Wall St.
August 9, 2022
New York, NYGeorge Comfort & Sons, on behalf of the 44 Wall St. ownership, have completed lease agreements totaling nearly 32,000 s/f have been signed with both existing and new tenants
AdaptHealth signs 13,000+ s/f lease expansion at Simone Dev.'s 1185 Commerce Ave.
August 9, 2022
Bronx, NY According to Simone Development Companies, AdaptHealth has signed a 13,256 s/f lease expansion and renewal at Simone's 1185 Commerce Ave. building. AdaptHealth is expanding its footprint
Liebersohn and Mirante join Savills
August 9, 2022
New York, NY Savills have added Mitti Liebersohn and Arthur Mirante, II, two commercial real estate professionals, as chairman, New York brokerage and vice chairman, North America, respectively. Liebersohn and Mirante
Moruzzi joins CBRE's Valuation & Advisory Services team
August 9, 2022
New York, NY According to CBRE, Kristie Moruzzi has joined its Valuation & Advisory Services (VAS) team as senior client account executive, Property Tax Services. Moruzzi will serve the greater New York City
Mathai joins HLW NYC office as director of Diversity, Equity, and Inclusion
August 9, 2022
New York, NY Anjali Mathai joins HLW as director of Diversity, Equity, and Inclusion, operating out of the firm's New York City office. Mathai brings nearly two decades of experience in organizational design, development, and change management to the firm, with an
Commercial Classroom: Triple Net Investments by Edward Smith
August 9, 2022
Given the post-pandemic period many feel we are in, where should investors invest their money? Retail space seems to be filling up more but with contracted rents and shorter leases. Office space is basically in the same position
REBNY announces nominees for 24th Annual Retail Deal of the Year awards competition
August 9, 2022
New York, NY The Real Estate Board of New York (REBNY) has announced the eleven retail deals of 2021 that will compete for the annual Retail Deal of the Year Awards