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Uber Capital Grp. sources $11 million acquisition financing for Fountain Place shopping center
May 19, 2020
Logan, WV Uber Capital Group (UCG) has sourced an $11 million acquisition financing loan for the Fountain Place shopping center located at 89 Norman Morgan Blvd. The client was a private real estate investor
Mavashev and Onishchenko of Alpha Realty handle $18.5m bridge loan
May 19, 2020
Newark NJ According to Alpha Realty, its newly formed Private Capital Group has handled $18.5 million for an eight-building multifamily portfolio.
C&W advises 34-22 Astoria Partners for $26.5m refinance
May 19, 2020
Queens, NY Cushman & Wakefield (C&W) served as the exclusive adviser to 34-22 Astoria Partners LLC, led by Theodore Kakoyiannis of Valyrian Capital, in the procurement of $26.5 million for the
Black Bear Capital Partners arranges two loans totaling $69.4 million: Permanent financing secured f...
May 19, 2020
Bronx, NY According to Black Bear Capital Partners (BBCP), a real estate financial advisory firm and subsidiary of Black Bear Asset Management, it has arranged $53.9 million in permanent financing on
ABS Altman Warwick closes $13.5 million loan
May 19, 2020
Manhattan, NY ABS Altman Warwick, a locally-based capital market advisory firm and division of ABS Partners Real Estate, has closed a $13.5 million loan for an office building located at 425-427 Madison Ave. in
Houlihan-Parnes Realtors place $29 million first mortgage on 222,637 s/f office condo
May 19, 2020
Bronx, NY James Houlihan, Bryan Houlihan, and Christie Houlihan of Houlihan-Parnes Realtors completed the placement of a $29 million first mortgage on the 222,637 s/f office condominium at 1775 Grand Concourse.
Cushman & Wakefield arranges $3.25 million sale of Bronx warehouse
May 19, 2020
Bronx, NY Cushman & Wakefield arranged the sale of 1476 East 222nd St., a 17,195 s/f industrial warehouse in the
Bestreich Realty Group brokers sale of Brooklyn multifamily – $2.5 million
May 19, 2020
Brooklyn, NY Bestreich Realty Group (BRG) has completed the sale 123 St. James Place in Clinton Hill, for $2.5 million. This four apartment multifamily is located between Greene Ave. and Gates Ave. Daniel Shawah, Derek Bestreich, Luke Sproviero,
Mordekhai of Forest Park Properties handles $1.06 million sale in Queens
May 19, 2020
Queens NY According to Forest Park Properties, the firm has handled the sale of 109-02 Jamaica Ave. The sale price was $1.06 million.
SL Green sells 49.5% interest in One Madison Ave., forms JV partnership with National Pension Servic...
May 19, 2020
Manhattan, NY According to SL Green Realty Corp., it has sold a 49.5% interest in One Madison Ave. to the National Pension Service of Korea (NPS) and Hines Interest LP (Hines).
JLL completes $6.4 million sale; Bolivar Dev. buys Bronx warehouse
May 19, 2020
Bronx, NY According to JLL Capital Markets, it has completed the sale of 3041 Webster Ave., a development opportunity in the Norwood neighborhood. The seller was Sam’s Carpet, a long-term owner-operator.
1031 exchange strategies in a COVID-19 impacted real estate market: Buy first - by Pamela Michaels
May 19, 2020
Nationwide, but particularly in New York City, the location of the biggest hotspot in the country, and in the Northeast in general, many investors are faced with a situation where the value of their real property may have decreased due to
Kennedy Funding closes $1 million loan for Long Island property
May 19, 2020
Oyster Bay, NY Kennedy Funding continues to close loans in todays challenging real estate environment. The firm closed a $1 million loan for a 3.82-acre
Offices after COVID-19 - by Thomas Kearns
May 19, 2020
As I am writing this, governor Cuomo is starting to discuss a gradual relaxation of the New York Pause policies that have put
P.W. Grosser Consulting welcomes D’Agostino, Schatz, and Connolly
May 19, 2020
New York, NY P.W. Grosser Consulting, Inc,. (PWGC) welcomed Timothy D’Agostino, PE, Hayley Schatz, and Peter Connolly
Valuation update – Planning strategies in light of COVID-19 - by Angela Sadang
May 19, 2020
COVID-19 has had a devastating effect on the economy, financial markets and real estate values. What are the short- and long-term implications for financial projections? This article will provide the technical and factual information on
Question of the Month: How can a rental company help with a national crisis response? - by Ron Lanzo...
May 19, 2020
I’m taking a bit of a change in direction with this issue and my newest article. Instead of exploring the many things that can be rented or why it still makes sense to rent, I’m going to address the ways rental companies such as AFR Furniture Rental Inc,
Transwestern brokers 65,000 s/f deal for Zeta Charter Schools
May 19, 2020
Bronx, NY Transwestern Real Estate Services (TRE) represented Zeta Charter Schools in a 65,000 s/f deal for a new elementary school at 1910 Arthur Ave. Called Zeta Bronx Tremont Park Elementary, the school is scheduled to open
JLL completes $22.5 million sale; Tavros Cap. Partners and Charney Co. acquire three-lot assemblage
May 19, 2020
Brooklyn, NY JLL Capital Markets has completed the sale of a development opportunity at 251 Douglass St. in the Gowanus neighborhood for David Linn with The Galinn Fund LLC. Tavros Capital Partners and Charney Cos. acquired the property,
Montgomery County Business Development Center launches small business PPE program
May 19, 2020
Amsterdam, NY As essential businesses continue to adapt to the changing work environment surrounding the ongoing global health pandemic, many small businesses are facing challenges meeting the need for personal protection equipment