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Rock of Marcus & Millichap Cap. Corp. secures $34.4m bridge loan
February 2, 2021
Brooklyn, NY Marcus & Millichap Capital Corp. (MMCC) arranged a $34.4 million interest-only bridge loan to refinance a 117-unit multifamily property and 4,000 s/f commercial unit in the Williamsburg neighborhood.
New York City development tools: FRESH Program - part 3 - by Michael Smith and Patrick O'Sullivan
February 2, 2021
Part 3 of this four-part series appeared in the January 2nd edition. While the pandemic has significantly disrupted the retail space market in New York City, grocery stores have remained resilient, which makes them an increasingly attractive tenant.
Happy New You - by Rod Santomassimo
February 2, 2021
I have not witnessed a season with as much anticipation for a New Year since December 1999. We couldn’t believe we would live during a time period when the calendar’s odometer was about to turn over to 2000! We were all certain the millennium was
LichtensteinRE sells Congers Colonial Plaza Shopping Center for $4 million
February 2, 2021
Congers, NY LichtensteinRE.com, as seller’s exclusive broker, has sold Congers Colonial Plaza Shopping Center located at 285 North Rte. 303 in Rockland County. The sales price was $4 million. Andrew Lichtenstein, principal broker
Ranieri of NorthMarq arranges $44.5 million refinance loan
February 2, 2021
Queens, NY Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains office arranged the $44.5 million refinance of Briarwood Gardens. The property contains 514 residential units and one commercial unit and is located at 85th Dr.
Intner of Admiral RE and Ifshin of Delphi Comm’l. handle 7-Eleven deal
February 2, 2021
Elmsford, NY Admiral Real Estate celebrated the approval for the opening of a new 7-Eleven convenience store at 37 East Main St./Rte. 119. The 4,000 s/f building was purchased earlier this year for redevelopment, solely for this user. The sale price was not disclosed.
Federal Realty Inv. Trust leases space to Cava
February 2, 2021
Melville, NY Federal Realty Investment Trust has signed Cava, a growing Mediterranean brand with a flavorful and healthy fast-casual restaurant experience, as the final tenant at its new 15,000 s/f building at Melville Mall. The restaurant will open this summer.
Merchants Capital secures $79.4 million in financing; Fairstead is developer
February 2, 2021
Manhattan, NY Mortgage banking company Merchants Capital closed a $51 million construction loan and a $28.4 million Freddie Mac 9% Low-Income Housing Tax Credit (LIHTC) Cash Unfunded Forward Commitment to fund a new affordable housing project in Manhattan’s
Union Square Partnership unveils new Vision Plan for Union Sq.-14th St.
February 2, 2021
Manhattan, NY The Union Square Partnership released the Union Square-14th St. District Vision Plan (Vision Plan), a new proposal for the future of the neighborhood that will result in a 33% increase in public space.
HAP Investments launch sales at Maverick Chelsea
February 2, 2021
Manhattan, NY According to HAP Investments, sales have launched for Maverick Chelsea, a new construction condominium development located at 215 West 28th St. in the Flower District. DXA Studio was commissioned to create the building’s signature exterior architecture
Delancey Street Associates unveils One Essex Crossing Condominium
February 2, 2021
Manhattan, NY Delancey Street Associates (comprises BFC Partners, L+M Development Partners, Taconic Partners, the Prusik Group, and the Goldman Sachs Urban Investment Group) unveiled One Essex Crossing, the newest addition to the Essex Crossing community located on the Lower East Side.
Stenson of Brax Realty brokers $9 million sale
January 19, 2021
Manhattan, NY Alan Stenson, senior director of Brax Realty, brokered the sale of a 6,620 s/f package of commercial buildings in NoMAd/Herald Square. The properties, 54-56 West 31st St., located
Spiezle Architectural Group promotes Wright to principal
January 19, 2021
Hamilton, NJ According to Spiezle Architectural Group, Inc., an employee-owned, award-winning, full-service architectural, interior design,
Fordham Real Estate Institute and The Business Council of Westchester host panel discussion on navig...
January 19, 2021
Westchester County, NY On Tuesday, January 5th, The Fordham Real Estate Institute and The Business Council of Westchester (BCW) brought together some of the county’s leading
Cresa arranges new 6,000 s/f office lease for Ballon Stoll Bader & Nadler, P.C.
January 19, 2021
Manhattan, NY Peter Sabesan, managing principal, and Nicholas Markel, vice president of Cresa have arranged new offices for
Tropp launches AEBOV, LLC industrial real estate brokerage
January 19, 2021
Brooklyn, NY AEBOV, LLC is a new Brooklyn-based industrial real estate brokerage start-up that has created a
Avoiding a second construction shutdown - by Alex Elkin
January 19, 2021
With winter fully here and COVID-19 cases continuing to rise, many are concerned that New York State could impose another broad-based shutdown. As it is, restaurants continue to
Concerning the state of supportive housing in NYC - by Niall Murray
January 19, 2021
Real estate has long been considered New York City’s most fearsome industry. Billionaires battle other billionaires to see who can
REBNY applauds governor Cuomo’s State of the State Address
January 19, 2021
New York, NY REBNY applauds governor Cuomo’s plans to rebuild economy, including proposal to convert underutilized commercial space to
LRC Properties purchases Technicolor Building at 4926 Southridge Blvd.in Memphis
January 19, 2021
Memphis, TN LRC Properties has purchased 4926 Southridge Blvd. The 640,000 s/f building, also known as the Technicolor Building, is