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Fisher Bros. signs 19,871 s/f extension with Katsky Korins at 605 Third Ave.
February 18, 2020
New York, NY Fisher Brothers finalized a lease extension with Katsky Korins LLP at 605 Third Ave., its 1.1 million s/f office tower in Midtown Manhattan. The extension, which encompasses 19,871 s/f across the entire 17th floor,
CPC Mtge. close $9m Freddie Mac financing
February 18, 2020
New Rochelle, NY CPC Mortgage Company LLC, a subsidiary of The Community Preservation Corp. (CPC), Palladium Management, and Westhab closed a $9 million Freddie Mac Optigo Targeted Affordable Housing (TAH) loan to refinance
Cash flows as high as 8% and credit tenants – Should you consider NNN properties for your exchange...
February 18, 2020
For over 10 years now it’s been extremely fruitful to be a real estate investor. As those of us in the business know, 1031 exchanges can be especially beneficial
Axxis Real Estate arranges $2.1 million sale of 3,000 s/f former diner
February 18, 2020
Brooklyn, NY A Bay Ridge building that formerly was home to the Lighthouse Diner has been sold to a local investor for $2.1 million, according to Axxis Real Estate LLC, which arranged the transaction.
An attorney discusses gearing up for capital improvement projects - by C. Jaye Berger
February 18, 2020
Capital Improvements, by their nature, are the bigger repair projects needed on buildings, which are the most expensive and time consuming to complete. Local Law 11
Bestreich Realty Group closes three sales totaling $3.445 million
February 18, 2020
Brooklyn, NY Bestreich Realty Group (BRG) has closed the following transactions: 732 Greene Ave. in the Bedford-Stuyvesant neighborhood sold for $1.65 million. The property is built 21.33 ft. x 65 ft., with 5,548 s/f. It sits on a
Proper treatment of deduction for self-employed health insurance as it relates to partnerships - by...
February 18, 2020
For many tax practitioners, the 2019 tax season was a compliance nightmare. The new rules about the deduction for Qualified Business Income (QBI), the new limitations on the
S3 Capital Partners provides $50m loan to Loketch Group and Meral Property Group
February 18, 2020
Brooklyn, NY S3 Capital Partners LP, a private lending platform, has provided a $50 million loan to the Loketch Group and Meral Property Group for the
Lisser and Lechtman of Marcus & Millichap Capital secures $10.5m
February 18, 2020
Manhattan, NY Marcus & Millichap Capital Corp. has arranged $10.5 million in financing for the 41-story, one million s/f office condominium located at 633 Third
Cotsalas, Bjornsund and Wylie of NorthMarq collaborate in $63m loan
February 18, 2020
Manhattan, NY Charles Cotsalas, senior vice president/managing director of NorthMarq’s Long Island office collaborated with Craig Bjornsund
Breda and Lombardo of Goedecke & Co. neg. $28.5 million refinance
February 18, 2020
Tamarac, FL Goedecke & Co., LLC has arranged $28.5 million in first mortgage financing for the refinance of Sunshine Plaza, a 236,934 s/f anchored shopping
Blake joins Greystone
February 18, 2020
New York, NY According to Greystone, Christopher Blake has joined as a director based in New York, reporting to Anthony Cristi, managing director.
GCP Capital Group arranges eight mortgages totaling $109.97 million
February 18, 2020
Manhattan, NY GCP Capital Group LLC has arranged mortgage financing for the following properties:
• $7 million for four contiguous
Walker & Dunlop acquires AKS Capital Partners
February 18, 2020
New York, NY Walker & Dunlop, Inc. has acquired AKS Capital Partners. Recognized as one of New York City’s premier, independent capital markets
JLL arranges $90.5 million loan to finance portfolio
February 18, 2020
Brooklyn, NY JLL Capital Markets secured a $90.5 million loan to finance a retail portfolio comprising 11 assets totaling 85,000 s/f within in the retail corridor
Merchants Capital places $40.9 million refinance
February 18, 2020
Manhattan, NY Mortgage banking company Merchants Capital has secured $40.9 million in refinancing for The Tapestry, 245 E. 124th St.,
Berkadia secures $32m in stretched senior financing
February 18, 2020
Manhattan, NY Berkadia secured stretched senior financing (a senior loan with a mezzanine loan component) for Emmut Properties
Rosenberg & Estis, P.C. represents Whittle School & Studios in 620,000 s/f
February 18, 2020
Brooklyn, NY Rosenberg & Estis, P.C. represented Whittle School & Studios in completing a 20-year lease for the entire 10-story 620,000 s/f space at The Wheeler Building at 181 Livingston St., a tower built over
Triangle Equities, Township Capital and L&B Realty Advisors close $87 million
February 18, 2020
Queens, NY Triangle Equities and its partners Township Capital Inc. and L&B Realty Advisors LLP have closed an $87 million construction loan
SWBR wins NAIOP award for RIT MAGIC Spell Studios
February 18, 2020
Rochester, NY SWBR was recognized at the 2019 NAIOP Upstate New York Chapter Awards of Excellence ceremony for its design work on Rochester Institute of Technology’s MAGIC Spell Studios. Recognized with the Best