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RXR Realty welcomes chef Urbina to 475 Clermont
April 21, 2020
Brooklyn, NY RXR Realty, a leading real estate owner, operator, and developer in the New York Tri-State area, in partnership with Resident, a locally-based hospitality startup
Despite COVID-19 and the lockdown, real estate taxes will still come due - Peter Blond
April 21, 2020
Most of the world has changed considerably since my last article in January. Governmental ineffectiveness, however, is unfortunately the main holdover tenant from the world as we knew it. In New York City that starts with the mayor and City Council.
PPPs will be an important part of the capital stack for real estate development projects - by Michae...
April 21, 2020
A good portion of the real estate development projects I work on at City Bay Capital have some level of Public-Private Partnership (PPP) in their capital stack. Development projects may contain one or many of the following government programs: tax abatements,
Stability amid the pandemic - by Nick Malagisi
April 21, 2020
Self storage is, once again, proving to be one of the most recession-resistant real estate sectors in the REIT industry as their stock prices took an initial hit along with most other equities, but has come back very strong these past two weeks to regain most of
Black Bear Capital Partners secures $63.8 million financing for Finkelstein Timberger East Real Esta...
April 21, 2020
Bronx, NY Black Bear Capital Partners (BBCP), a real estate financial advisory firm and subsidiary of Black Bear Asset Management, has arranged $63.8 million in permanent financing on
Uber Capital Group sources $7.9 million financing
April 21, 2020
Marietta, GA Uber Capital Group (UCG) has sourced a $7.9 million refinancing loan for the Windy Hill Village shopping center located at 2359 Windy Hill Rd. Southeast.
ABS Altman Warwick arranges two loans: $58 million total
April 21, 2020
Manhattan, NY ABS Altman Warwick, a NYC-based capital market advisory firm and division of ABS Partners Real Estate, closed on loans totaling $58 million on two multifamily portfolios.
Naftali Credit Partners closes $62.85 million construction loan for 208 Delancey St.
April 21, 2020
Manhattan, NY Naftali Credit Partners, a subsidiary of Naftali Group, closed a $62.85 million construction loan for 208 Delancey St., the 12-story boutique condominium development on
GCP Capital Group arranges eight deals totaling $69.175 million
April 21, 2020
New York, NY GCP Capital Group LLC has arranged mortgage financing for the following properties: $15 million for an 11-story multifamily apartment building containing 86 units, in the
COVID-19 1031 exchange deadline extensions - by Pamela Michaels
April 21, 2020
Real estate investors in NYC and the Northeast generally face a challenge like never before. How to buy real estate when we cannot leave our homes and when we are located in the center of a hotspot? For this reason, many real estate investors seeking tax deferral in
Cushman & Wakefield renews PR USA’s lease at 250 Park Ave. – 48,722 s/f
April 21, 2020
Manhattan, NY Cushman & Wakefield arranged a long-term lease renewal at 250 Park Ave., a Midtown commercial office building, for Pernod Ricard USA (PR USA). PR USA will continue to use the entire 16th and 17th floors,
JLL sells 10,560 s/f for $10.85 million on behalf of GAK Properties LLC
April 21, 2020
Manhattan, NY JLL Capital Markets completed the sale of 219-221 East 59th St., two contiguous, mixed-use properties in the Midtown East submarket, for GAK Properties LLC. Cofinance Inc.,
Federal Realty Investment Trust partners with Applebees
to give meals to New York Presbyterian H...
April 21, 2020
Queens, NY Fresh Meadows Place owner Federal Realty Investment Trust has partnered with tenant Applebee’s Grill + Bar to provide 60 breakfasts for the next 30 days to staff at nearby New York Presbyterian Hospital. The hard-working
Jonathan Rose Cos. acquires Tower West Apartments – 217 units
April 21, 2020
Manhattan, NY Jonathan Rose Companies has acquired Tower West Apartments, a 217-unit HUD-regulated, partial Section 8, and New York City supervised Mitchell-Lama family housing asset at 65 West 96th St. on the
Rockport Mortgage places $38.6 million refinance
April 21, 2020
Brooklyn, NY Rockport Mortgage Corp. closed a FHA Section 223(f) refinancing loan of $38.6 million for Union Street Houses. The property is owned by Scott Jaffee,
Marcus & Millichap completes $16.76m sale of Queens multifamily
April 21, 2020
Queens, NY Marcus & Millichap has completed the sale of 31-65 29th St., a multifamily building located in the Astoria neighborhood, according to John Krueger, vice president and regional manager of the
SKW Funding closes $30 million financing – secured by Upper East Side property
April 20, 2020
Manhattan, NY SKW Funding closed on $30 million in financing to support the acquisition of an existing loan and related bankruptcy court approved "debtor in possession (DIP) loan for a building located on the Upper East Side.
Today’s uncertain world is forcing businesses to adapt and reposition to ensure survival - by Rob ...
April 21, 2020
The uncertainty of today’s world is forcing businesses to adapt and reposition themselves so that they can make it through these challenging times. History has shown us that
Company of the Month: National Standard Abstract navigates through COVID-19 pandemic
April 21, 2020
New York, NY No one could have foreseen the economic downturn in the first quarter of 2020 as the novel coronavirus (COVID-19) made landfall in the U.S. this past January. With millions of lives at stake, gubernatorial executive orders were
JLL completes four sales in Manhattan: $37.275 million total
April 21, 2020
Manhattan, NY JLL Capital Markets have completed the following transactions: The $13.85 million sale of 1364 and 1368 York Ave., a pair of mixed-use buildings in the Lennox Hill neighborhood on the