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Building Engines partners with FastOffice, to offer virtual office tours
May 5, 2020
Boston, MA/Toronto, ON Building Engines, a provider of building operations software, has partnered with FastOffice, the developer of a 3D visualization platform. The partnership will enable Building Engines’ customers to
Victory Capital arranges $14.4 million in financing
May 5, 2020
Brooklyn, NY According to Michael Bivona of Victory Capital, the firm closed $14.4 million in loans: The firm closed a loan through the Coronavirus crisis. The local regional bank, based on Victory Capital’s relationship,
Coaching: The exodus has begun - by Rod Santomassimo
May 5, 2020
It’s 2008 all over again. Remember 2008, when an estimated 100,000 commercial real estate brokers dwindled to less than 50,000 in less than an 18-month period? Like now, there was a
GAIA Property Group brokers 20-unit building for $15.75 million
May 5, 2020
Brooklyn, NY GAIA Property Group LLC handled the sale of 171 North 10th St. The property had been listed for $16.75 million, and reduced to $16.45 million because of 421A expiration and high projections of taxes. When Coronavirus worries moved into
Suffolk County IDA gives preliminary approval for ScieGen Pharmaceuticals Long Island expansion
May 5, 2020
Hauppauge, NY In light of the COVID-19 pandemic, the importance of economic development and strengthening the economy is a foremost priority. In a move that will result in a $15.5 million investment and add 106 jobs to the
Fantini & Gorga arranges $2.1 million acquisition financing
May 5, 2020
Schenectady, NY Fantini & Gorga handled the debt placement of $2.1 million for the acquisition of a Walgreens Pharmacy. Casimir Groblewski, senior managing director, assisted by analyst Ryan Maddaluna, placed the financing
CPC Mortgage Co. closes $3.9 million in Freddie Mac financing
May 5, 2020
Brooklyn, NY CPC Mortgage Company LLC, a subsidiary of The Community Preservation Corp. (CPC), closed a $3.9 million Freddie Mac Optigo Small Balance Loan (SBL) to refinance a nine-unit apartment building in the Williamsburg
Cohen and Bernstein of Besen Partners sell mixed-use property for $7.1 million
May 5, 2020
Manhattan, NY Besen Partners has completed the sale of 147 Duane St. in TriBeCa for $7.1 million. Ron Cohen and Jay Bernstein exclusively represented the seller, and Anna Ji of Kian Realty procured the purchaser. At $7.1 million, the selling price equates to
NYREJ releases new One-on-One interviews with Rick Kaplan on YouTube
May 1, 2020
New York, NY The New York Real Estate Journa has continued its series, "NYREJ One-on-One" with Rick Kaplan on YouTube. This week Kaplan talks with Andrew Richards of Kaufman Dolowich Voluck LLP, and DJ Johnson of B6 Real Estate Advisors
Edalati joins The Watermark at Brooklyn Heights as associate executive director
May 1, 2020
Brooklyn, NY Sahar Ben Edalati has joined The Watermark at Brooklyn Heights, a 275-unit seniors housing residence at 21 Clark St., as associate executive director. The property is owned by a partnership of the majority owner Kayne Anderson, which has invested
Meridian Capital Group arranges $2.325m financing for Westhampton Beach Beehive Bungalows
April 30, 2020
Westhampton Beach, NY Meridian Capital Group arranged $2.325 million in acquisition financing for the purchase and repositioning of The Beehive Bungalows on behalf of First Dunes Development, the coastal development division of Chatham Development Co.
Reynolds, Sproviero and Katz of Bestreich Realty Group broker $1.25 million sale
April 30, 2020
Manhattan, NY Bestreich Realty Group (BRG) brokered the sale of 462 141st St. in Hamilton Heights, Harlem for $1.25 million. This eight-apartment multifamily is located between Amsterdam Ave. and Covent Ave. The property offers 4,706 s/f at $266 per s/f.
Workplace reimagined: COVID-19 to reshape the modern office experience
May 7, 2020
New York, NY The American workplace has experienced more rapid, dramatic shifts in the past few weeks than it ever has before. But the real impact of Covid-19 on how millions of people work – and how they plug into a
REBNY launches fellowship program focused on diversity with Coro New York Leadership Center
April 28, 2020
New York, NY The Real Estate Board of New York (REBNY) unveiled the creation of the REBNY Fellows, the first-of-its-kind leadership program for real estate professionals of diverse backgrounds. The REBNY Fellows Program taps 20 rising real estate leaders from diverse backgrounds for a
HKS Real Estate Advisors arrange $24.5 million construction loan with M&T Bank
April 21, 2020
Danbury, CT HKS Real Estate Advisors arranged a $24.5 million construction loan with M&T Bank for the development of a six-story, 149 multi-residential unit building called Brookview Commons
Fasano joins RIPCO Real Estate managing partner to oversee its investment sales platform
April 21, 2020
New York, NY According to RIPCO Real Estate, Michael Fasano, an industry veteran with 20-plus years’ commercial real estate experience, has joined the company as a managing partner
Chase joins RIPCO as vice president in new Investment Sales Division
April 21, 2020
New York, NY According to RIPCO Real Estate, David Chase, a 18-year real estate veteran specializing in investment sales, has joined the firm as vice president. Joining Chase is Davit Andghuladze,
Where does the real estate-technology transformation go from here? - by Blake Liggio
April 23, 2020
As we cross the 30-day mark since the COVID-19 health crisis emerged in the U.S., the immediate impacts on the PropTech industry have crystallized. Real estate operations have been disrupted in fundamental ways, which disruptions have certainly caused
Real Estate Board of New York names Redding 2019 Most Promising Commercial Salesperson of the Year
April 22, 2020
New York, NY The Real Estate Board of New York (REBNY), the city’s leading real estate trade association, and its Commercial Brokerage Board of Directors named Zach Redding of B6 Real Estate Advisors as 2019’s Most Promising Commercial Salesperson of the Year.
Meridian Investment Sales exclusively retained in bankruptcy sale of a mid-construction property
April 21, 2020
Manhattan, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, has been exclusively retained in the bankruptcy auction of 435 West 19th St., a mid-construction, residential condominium building in the