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Electra Capital Provides $19 millon loan for refinancing of two Class A apartment buildings
April 26, 2022
Jersey City, NJ Electra Capital, a boutique lender specializing in flexible, short-term multifamily financing solutions, originated $19 million of mezzanine debt behind an $86 million senior loan for the refinancing
Eliviat Group acquires five-acre site for 224-unit residential complex
April 26, 2022
Wallkill, NY The Long-Island based Eliviat Group has acquired approximately five acres of land directly across from the Galleria Mall at Crystal Run for $2.49 million. It will be the site of a new 224-unit market rate
Largo arranges $5.6 million in financing for self-storage facility
April 26, 2022
Hurricane, UT Ned Perlman, vice president of Originations at the Largo Group of Companies, arranged a $5.6 million permanent first mortgage to refinance the existing debt for a self-storage facility. The facility has a total
Battery Park City Authority releases climate action plan
April 26, 2022
The Battery Park City Authority (BPCA) released its industry-leading Climate Action Plan, a detailed roadmap of greenhouse gas (GHG) emissions reduction strategies in the energy, transportation, and waste sectors. The Battery Park City Climate Action
The hospitality tech transformation is all about front and back office alignment, efficiency and com...
April 26, 2022
In hospitality, we rightfully place a lot of focus on the customer experience. But what often is overlooked is back-end accounting technology that is vital to the continued operation of the property. Digital transformation is being embraced across many industries
Forrest joins Statewide Abstract Corp. as deputy general counsel
April 26, 2022
New York, NY Statewide Abstract Corp has added Tracy Forrest, Esq. to its roster of real estate professionals. “We are excited to bring Tracy on board,” says Statewide Abstract president
JLL Capital Markets arranged $28.5 million in financing secured for New Jersey multi-housing communi...
April 26, 2022
Jersey City, NJ JLL Capital Markets has arranged $28.5 million in permanent financing for The Ashton, a 93-unit, six-story, Class A apartment community
TerraCRG sells $1.2 million multifamily building
April 26, 2022
Brooklyn, NY TerraCRG, Brooklyn’s leading commercial real estate brokerage firm, has closed on the $1.175 million sale of 234 24th St., with TerraCRG Partners Matt Cosentino and Dan Marks
Yonkers IDA votes preliminary and final approvals of oncentives for 3 new projects
April 26, 2022
Yonkers, NY The Yonkers Industrial Development Agency (YIDA) voted at its March 31 meeting preliminary and final approvals of financial incentives for three new residential and commercial projects that will build on Yonkers
Merchants Capital New York provides $104+ million for historic affordable property
April 26, 2022
Harlem, NY The New York office of Merchants Capital has provided more than $104 million in financing for Harlem River Houses and the adjacent Harlem River II Campus, collectively known as Harlem River Houses
Muller of Eastern Union secures $83.33 million bridge loan toward acquisition of 440-unit multifamil...
April 26, 2022
Atlanta, GA Michael Muller, a senior managing director with Eastern Union, has arranged a bridge loan of $83.33 million in support of the acquisition of The Halsten at Vinings Mountain, a 440-unit multifamily property
Kates and Sklaver join Marcus & Millichap as senior vice presidents
April 26, 2022
Calabasas, CA Adam Sklaver and Phil Kates have joined Marcus & Millichap (NYSE: MMI), a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services
Balletto of Northeast Private Client Group arranges $22.8 million sale of multifamily apartment
April 26, 2022
Madison, TN The Metro North Investment Sales Team at Northeast Private Client Group has arranged the sale of Falcon View Apartments, a 163-unit multifamily community. The sale price was $22.82 million
JLL Capital Markets complete $146 million sale of the 260-unit The Wel
April 26, 2022
Lindenhurst, NY JLL Capital Markets has closed the $146 million sale of The Wel, a 260-unit, newly constructed, mid-rise, multi-housing community. The $146 million sale price was for both the real estate
Hempstead IDA gives preliminary approval of incentives for Freeport affordable rental apartments
April 26, 2022
Hempstead, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA), has given preliminary approval to a package of economic incentives that will be used by a Westchester developer to construct a 31-unit building
Compass retains Matrix Technology Group for design/installation of new office
April 26, 2022
Brooklyn, NY Matrix Technology Group (MTG), a provider of technology infrastructure consulting, design, and integration, has been retained by multinational real estate brokerage Compass for a fast-track project at its new
HUNT Mortgage provides two new loan programs for buyers and sellers
April 26, 2022
Buffalo, NY According to HUNT Mortgage Corporation, two new home loan products to address the challenges both homebuyers and sellers are facing in today’s highly
Etheridge joining The Janus Property Co. as new director of commercial, life sciences and retail lea...
April 26, 2022
New York, NY According to The Janus Property Company, William Etheridge has joined the firm as director of commercial, life science and retail leasing. In this role he will oversee all such marketing