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NKF facilitates $18 million refinance on behalf of Novel Property Ventures
July 21, 2020
Brooklyn, NY On behalf of Novel Property Ventures, Newmark Knight Frank (NKF) has arranged an $18 million fixed-rate loan for the refinancing of 364 Lincoln Pl.
GCP Capital Group arranges 12 deals totaling $123.857 million
July 21, 2020
New York, NY GCP Capital Group LLC has arranged mortgage financing for the following properties: $29.15 million for a portfolio of four multifamily apartment buildings
Transwestern represents Goodwill Industries in 30,800 s/f lease renewal
July 21, 2020
Brooklyn, NY Transwestern Real Estate Services (TRS) represented Goodwill Industries of Greater NY and Northern NJ Inc. (Goodwill NYNJ) in its 30,800 s/f lease renewal of
Ariel Property Advisors brokers BFC partner’s $2.15m acquisition of 27-31 Wave St.
July 21, 2020
Staten Island, NY Ariel Property Advisors completed BFC Partners’ acquisition of 27-31 Wave St. in the Stapleton neighborhood for $2.15 million.
JLL closes $19.85 million sale of Brooklyn development site at 251 Front St.
July 21, 2020
Brooklyn, NY JLL Capital Markets has completed the $19.85 million sale of the 251 Front St. development site. JLL worked with the seller, , Paul Tocci, and on behalf of the buyer, Cheskie Weisz, to
SL Green closes $510 million loan; financing by Aareal Capital Corp., Citi and Credit Agricole
July 21, 2020
Manhattan, NY According to SL Green Realty Corp., it has closed on a new $510 million mortgage financing secured by 220 East 42nd St. The loan was provided by a lending group led by Aareal Capital Corp., Citi and Credit Agricole.
The importance of infrastructure inspections - by Nagesh Goel
July 21, 2020
With approximately $500 billion spent on infrastructure in the U.S. annually, ensuring large-scale infrastructure—like buildings and bridges, pipelines, roadways, and
Stein of Norman Bobrow and Zar of Zar Property NY lease 4,750 s/f in Midtown
July 21, 2020
Manhattan, NY According to Zar Property NY and Norman Bobrow & Co., Sud De France, economic development agency for the Occitanie Region in South of France, signed a 4,750 s/f lease at 250 West 54th St. in Midtown.
Conway Capital secures $8.892 million loan from Urban Standard Capital; Gleitman of Mercury Capital ...
July 21, 2020
Brooklyn, NY Conway Capital has closed on a $8.892 million acquisition loan from Urban Standard Capital (USC) to purchase four residential and mixed-use properties.
“Gross negligence” revisited - by Thomas Kearns
July 21, 2020
In 2014, I wrote an article for this Journal about typical negotiations over a gross negligence standard in indemnification clauses in management, LLC and other agreements. Under New York law gross negligence is defined as
Zar launches KLOUD
July 21, 2020
New York, NY Kimberly Zar launched KLOUD, a female-owned real estate-focused digital marketing firm that provides consulting and marketing solutions to real estate companies and professionals nationwide.
B6 Real Estate Advisors welcomes Ahlers
July 21, 2020
Manhattan, NY According to B6 Real Estate Advisors (B6), the firm has appointed Drew Ahlers as associate director in B6’s Capital Advisory Division. Ahlers will be reporting to
Black of Horvath & Tremblay completes three retail sales totaling $5.72 million
July 21, 2020
Rochester, NY Jeremy Black of Horvath & Tremblay has completed the sale of three single tenant properties for a total of $5.72 million.
Babylon IDA receives approval to issue small business loans, grants
July 21, 2020
Lindenhurst, NY The Babylon Industrial Development Agency (IDA) has launched the Babylon Is Back Emergency Assistance Program. The program, recently approved by New York State, will
BRG brokers two Brooklyn sales; includes $3.468m by Bestreich, Reynolds, Reynolds and Underkofler
July 21, 2020
Brooklyn, NY Bestreich Realty Group (BRG) completed the following: BRG closed the sale of 447 Rogers Ave. for $3.468 million. This mixed-use property consists of six apartments and two stores, priced at $433,561 per unit.
Manhattan commercial real estate in the Pandemic: Where are we now? - by Justin Conway
July 21, 2020
Since March 2020, when the COVID-19 outbreak took over the country and world, I have been spending a majority of my time walking the streets while living in Manhattan. Many building owners and investors in
Goldfein of Goldcap Real Estate Advisors handles $1.505 million sale
July 21, 2020
Brooklyn, NY Goldcap Real Estate Advisors completed the sale of 1916 Prospect Pl. in the Ocean Hill neighborhood. The building consists of four renovated, free market apartments across 3,126 s/f
Hunt of Hunt Corportate and Lee & Assocs. lease 6,107 s/f in Plainview
July 21, 2020
Plainview, NY According to Hunt Corporate Services, Inc., PromptCare Infusion LLC has leased 6,107 s/f of industrial/flex space at 51 East Bethpage Rd. David Hunt represented the
AmTrust enters into partnership with ProDeal
July 21, 2020
New York, NY AmTrust Title Insurance Co., a subsidiary of AmTrust Financial Services, Inc., has entered into a multi-year partnership with ProDeal, a leading deal management platform in the real estate finance industry.
Curtis of CBRE secures 89,781 s/f lease at Gateway Port Chester, owned by M & J Wilkow/MetLife JV
July 21, 2020
Port Chester, NY According to CBRE, Target has signed a two-level 89,781 s/f lease at the newly rebranded Gateway Port Chester. Target will be moving into space that includes