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French and Rock of Marcus & Millichap collaborate in $8.95m; Von Der Ahe, Riney and Salvatico comple...
June 2, 2020
White Plains, NY According to Marcus & Millichap regional manager and vice president John Krueger, the firm has completed the sale of 14 Mamaroneck Ave. The mixed retail/office site sold for $8.95 million
Greenbaum of GCP Capital Group arranges $11 million
June 2, 2020
Yonkers, NY GCP Capital Group LLC has arranged $11 million for a three-story and eight-story multifamily apartment building containing 89 units.
Zach of Gaia Real Estate Group with Israeli-American Council, Osem and Kedem provide over 400 meals ...
June 2, 2020
New York, NY Gaia Real Estate Group, headed by developer and investment sales broker Shay Zach, has been providing food and hot meals to hundreds of elderly New Yorkers in need and medical professionals all over the city.
Oak & Avery Group sells 18 units for $2.195 million
June 2, 2020
Mount Vernon, NY The Oak & Avery Group completed the sale of an 18-unit multifamily building located at 4 West 4th St.
Hussein joins Thornton Tomasetti
June 2, 2020
New York, NY According to Thornton Tomasetti, Islam Hussein has joined as a vice president in the firm’s Applied Science practice.
Madison Realty Capital partners with Frontline Food Trucks to support the healthcare workers at Rich...
June 2, 2020
New York, NY Madison Realty Capital (MRC) is partnering up with Frontline Food Trucks to support the healthcare worker heroes at Richmond University Medical Center
Cushman & Wakefield arranges $4.75 million sale of development site–Shapiro, Squires and Berniker ...
June 2, 2020
Bronx, NY Cushman & Wakefield arranged the sale of 6375 Broadway, a 55,142 buildable s/f development site in the Riverdale neighborhood. The sale price was $4.75 million.
Merchants Capital secures $35 million loan on behalf of Freddie Mac, Bayrock Capital
June 2, 2020
Queens, NY Mortgage banking company Merchants Capital has secured $35.4 million in agency funding for a 133-unit multifamily transitional housing facility located on Jamaica Ave. The project – known as Jamaica Apartments
1031 exchange strategies in a COVID impacted RE market: Extended identification period - by Pamela M...
June 2, 2020
Recently, one of my NYC clients was on the fence about whether to initiate a 1031exchange. Her query: Would she have enough time to find replacement property in the 45-day identification period given the lockdowns and restrictions imposed in NYC due to
JLL to arrange JV equity for BRP Cos’ Archer Towers project
June 2, 2020
Queens, NY JLL Capital Markets was selected by BRP Companies to arrange $286 million in joint venture equity financing for the construction of Archer Towers.
NYC exiles flee to suburbs and surrounding states amid COVID-19 outbreak - by Michael Weiser
June 2, 2020
The COVID-19 crisis has not only rocked the entire New York City economy and way of life, it has also begun to reshuffle the demographic of the city.
Rynarzewski and Gladstone of Piermont Bank place $8 million for Nassi of Buchanan Development
June 2, 2020
Bronx, NY Craig Nassi of Buchanan Development LLC has closed on $8 million in financing for 65 Buchanan Pl. The financing was placed by Robert Rynarzewski and Andrew Gladstone of Piermont Bank.
Greystone closes $65 million Freddie Mac loan for Lions Group multifamily project in Long Island Cit...
June 2, 2020
Queens, NY Greystone has provided a $65 million Freddie Mac loan to an affiliate of The Lions Group to refinance One LIC, a brand new 20-story, 110-unit (70% market-rate/ 30% moderate income) multifamily rental apartment located at
Simon of Admiral Real Estate Services secures two leases at Mount Kisco Commons
June 2, 2020
Mount Kisco, NY According to Admiral Real Estate Services Corp., The Greener Dry Cleaner and Mint Kisco Dental will be opening new locations at Mount Kisco Commons Shopping Center at 195 North Bedford Rd.
Horvath and Tremblay of Horvath & Tremblay sell
HomeGoods in Wainscott for $9.24 million
June 2, 2020
Wainscott, NY Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of HomeGoods located at 386 Montauk Hwy. (NY Rte. 27). Horvath & Tremblay exclusively represented the seller in this transaction,
Kempner Properties expands into Philadelphia with the acquisition of three properties
June 2, 2020
Philadelphia, PA Kempner Properties, a White Plains based commercial real estate company, has completed the $4.16 million purchase of several multifamily and mixed-use properties.
Norden Lofts - Urban luxury apartments now available in White Plains
June 2, 2020
The sprawling city of White Plains has always been known for great shopping, a vibrant downtown, well-known restaurants and has been a developer's dream with esteemed buildings such as The Ritz Carlton, Trump Plaza and more adding cache, elegance and lineage
Kimyagarov and Isak open Development Site Advisors; focusing solely on development sites
May 19, 2020
New York, NY Lev Kimyagarov and Rubin Isak, former senior directors at Massey Knakal Realty Services/Cushman & Wakefield and Eastern Consolidated respectively, have formed Development Site Advisors
Real estate finance siblings launch BIPS Podcast
May 29, 2020
New York, NY Siblings Kimberly Zar Bloorian and Yaakov Zar have recently launched a new podcast titled BIPS, where prominent real estate lenders are interviewed to provide a peek into the lender landscape.
Empire State Mortgage Bankers Association makes $2,500 donation to the Island Harvest Food Bank
May 29, 2020
Commack, NY In these unprecedented times we know many in our state have lost loved ones, jobs and are struggling day to day. In an effort to help those in need of food, the Empire State Mortgage Bankers Association made a $2,500 donation