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Gelber and Kaplan of CBRE secure 5,400 s/f retail lease
July 21, 2020
Manhattan, NY In a transaction arranged by CBRE, vintage second-hand clothing store 2nd Street USA has inked a new 5,400 s/f lease in the Chelsea neighborhood at 142 West 26th St.
Nationwide Management welcomes Real Life Ninja Academy to 5,814 s/f at 625 West 55th St.; NKF is bro...
July 21, 2020
Manhattan, NY Newmark Knight Frank (NKF) has brokered a new retail lease for Real Life Ninja Academy on behalf of landlord Nationwide Management
Standard Communities expands, hires Fischer
July 21, 2020
New York, NY According to Standard Communities, John Fischer has joined the firm as managing director of asset management.
Bestreich Realty Group handles two sales totaling $4.7 million
July 21, 2020
Brooklyn, NY Bestreich Realty Group (BRG) completed the following: The sale of 302 5th St. in Park Slope for
TerraCRG sells Brooklyn industrial building for $7.2 million
July 21, 2020
Brooklyn, NY TerraCRG has completed the sale of the industrial asset at 5701 Foster Ave. in the Canarsie neighborhood. Dan Marks, Daniel Lebor, Adam Tannenbaum and Robert Finnerty closed the deal at $7.2 million.
Kassin Sabbagh Realty sells 72,000 s/f multifamily – $17.1 million
July 21, 2020
Brooklyn, NY The multifamily division of Kassin Sabbagh Realty LLC completed the sale of 515 Ovington Ave. in the Bay Ridge neighborhood, for the seller,
NYC fails to provide meaningful relief to thousands of suffering taxpayers - by Peter Blond
July 21, 2020
A few months ago, I did not envision the “boys of summer” as the City Council arguing at the 11th hour over the appropriate interest rate to charge suffering landlords throughout the five boroughs. COVID had already closed New York City and the rest of the
Impact investing: An approach for strong risk adjusted returns in real estate - by Michael Zysman
July 21, 2020
There are many investors that have been on the sidelines waiting for distressed opportunities. Unfortunately, distressed opportunities will be limited in this cycle due to the government’s quick and effective intervention by bailing out the banking system, publicly
Ganz to lead Alpha Realty’s Private Capital Group
July 21, 2020
New York, NY Alpha Realty has tapped David Ganz to spearhead its newly formed Private Capital Group, which specializes in arranging bridge loans and other non-traditional short-term financing.
Cushman & Wakefield arranges $57 million acquisition financing; loan by USAA Real Estate
July 21, 2020
Brooklyn, NY Cushman & Wakefield served as the exclusive adviser in the procurement of $57 million in acquisition financing for the multifamily condominium at 1 Flatbush Ave.,
Kalikow Group and EYC Cos. close $67 million construction financing
July 21, 2020
Huntsville, AL EYC Companies and development/equity partner The Kalikow Group, have closed on a $42 million senior secured construction loan to finance
CIT Northbridge Credit serves as lender on $20 million credit facility for Marquis Construction Serv...
July 21, 2020
New York, NY According to CIT Group Inc., CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $20 million senior secured credit facility for
Houlihan-Parnes Realtors place $29m first mortgage
July 21, 2020
Bronx, NY James Houlihan, Bryan Houlihan, and Christie Houlihan of Houlihan-Parnes Realtors placed a $29 million first mortgage on the 222,637 s/f office condominium at
Lionheart Strategic Management and Bank OZK finalize $120 million financing
July 21, 2020
New York, NY Lionheart Strategic Management LLC, an affiliate of Fisher Brothers that manages capital on behalf of third party investors, has closed a $120 million loan with Bank OZK
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.