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Bowman, DePasquale, Manz & Serra of Black Bear Capital Partners arrange $106.5 million
March 24, 2020
New York, NY Black Bear Capital Partners (BBCP), a real estate financial advisory firm and subsidiary of Black Bear Asset Management, has arranged $106.5 million in financing on behalf of multiple borrowers for the refinance of multifamily portfolios.
GCP Capital Group arranges 10 transactions: $202.37 million total
March 24, 2020
New York, NY GCP Capital Group LLC has arranged mortgage financing for the following properties: $57.5 million for a 132,000 s/f, six-story luxury condominium building containing 134 units,
Merchants Capital arranges $375 million Freddie Mac financing
March 24, 2020
Brooklyn, NY Merchants Capital, has provided $375 million in financing on behalf of a joint venture between Omni New York LLC, The Arker Companies, Dabar Development Partners, and Bedford Stuyvesant Restoration Corp.
Moinian Group secures $105 million refinance from Bank of China
March 24, 2020
Manhattan, NY The Moinian Group has closed on a $105 million loan from Bank of China to refinance Oskar, the developer’s fully leased residential building at 572 11th Ave. The $105 million loan from Bank of China at a
JLL secures two loans totaling $755 million in financing for two Manhattan properties
March 24, 2020
Manhattan, NY JLL Capital Markets secured two loans totaling $755 million: A $545 million loan to finance 711 Fifth Ave. on behalf of the development group led by SHVO, including Deutsche Finance America and BLG
The Collective obtains $75 million construction financing from ACRES Capital Corp.
March 24, 2020
Brooklyn, NY The Collective, a leading global co-living company based in New York, London and Berlin, has secured $75 million in construction financing for its latest co-living development, 292 North 8th St. in central Williamsburg.
Meridian arranges $11.8 million construction financing
March 24, 2020
Brooklyn, NY Meridian Capital Group has secured $11.8 million in construction financing for a commercial development in the Bay Ridge neighborhood on behalf of Veracity Partners. The six-story development is located at 8904 5th Ave. and
George Comfort & Sons finalizes 7,300 s/f for NRS
March 24, 2020
Manhattan, NY George Comfort & Sons, Inc. finalized a 10-year, 7,300 s/f lease extension with Neville, Rodie & Shaw, Inc. (NRS) at 200 Madison Ave. The firm will remain on the 20th floor through 2031.
Turnbridge Equities to build Bronx Logistics Center
March 24, 2020
Bronx, NY Turnbridge Equities has completed a 14.2-acre assemblage, where it will build the four-story, class-A, Bronx Logistics Center, a last-mile distribution facility offering direct tractor-trailer ramp access to three levels,
LSL Advisors completes four leases totaling 22,661 s/f
March 24, 2020
New York, NY According to LSL Advisors, the firm has completed the following: A 4,500 s/f lease on the 6th floor of 5 East 16th St.:
CoreNet NYC names 2020 board, Gohil is chair
March 24, 2020
New York, NY CoreNet Global NYC Chapter (CoreNet NYC) named its new board members for 2020. Executive leaders of the board include Sheena Gohil, CoreNet NYC chair, executive director Colliers International; Neil Austin, CoreNet NYC president,
Statement by REBNY president Whelan on new Executive Order allowing temporary virtual notarization o...
March 20, 2020
New York, NY Governor Andrew Cuomo yesterday released Executive Order 202.7 allowing the temporary virtual notarization of documents during the Coronavirus (COVID-19) crisis.
Helping Brooklyn - CRE Response to COVID-19
March 19, 2020
Brooklyn, NY During this time of uncertainty, DJ Johnston of B6 Real Estate, Sean Kelly of Ariel Property Advisors, and Dan Marks of TerraCRG have come together to create Brooklyn Brokers United. "Brooklyn has been good to us and our families and
Inglese and Haque of Friedman-Roth Realty facilitate $30 million sale
March 24, 2020
Bronx, NY In an off-market transaction, Friedman-Roth Realty Services completed the $30 million sale of a package of three, six-story elevator apartment buildings. The seller was represented by Giuseppe Inglese and Nadeem Haque.
BuildingsNY postponed due to the COVID-19 virus – To be held June 17-18, 2020
March 19, 2020
“We want to express our concern for all those impacted by COVID-19,” said Randy Field, group vice president, Reed Exhibitions. “We have been closely monitoring developments and reviewing guidance related to the COVID-19 virus from federal, state and local authorities and
Marcus & Millichap brokers four sales totaling $9.907 million; includes $3.2m handled by Riney, Salv...
March 24, 2020
Brooklyn, NY Marcus & Millichap has completed the following: 1248-1252 Flatbush Ave., an 8,415 s/f mixed-use property, sold for $3.2 million. Shaun Riney, Michael Salvatico, Daniel Greenblatt and Zalman Yarmush,
Zalta and Lai of Rosewood Realty Group collaborate for $5.37 million deal on the Upper East Side
March 24, 2020
Manhattan, NY Rosewood Realty Group brokered the $5.37 million sale of a four-story multifamily building on East 82nd St. near First Ave., on the Upper East Side. Rosewood’s Jack Zalta represented the seller, Mitchel Maidman of Townhouse Management and Ryan Lai, also of Rosewood,
Cohen, Pavone and Verdi of Colliers secure 20,000 s/f sublease for Levy Konigsberg LLP at 605 Third ...
March 24, 2020
Manhattan, NY Colliers International Group Inc. completed a 20,000 s/f sublease for law firm Levy Konigsberg LLP, at 605 Third Ave. The space was previously occupied by Univision. The firm is relocating from 800 Third Ave.
Handler Real Estate Org. arranges 50,040 s/f for Fred Alger Management at 100 Pearl St.
March 24, 2020
Manhattan, NY Handler Real Estate Org. has arranged a 50,040 s/f multi-floor relocation and expansion on behalf of Fred Alger Management, LLC at 100 Pearl St. Owned and operated by GFP Real Estate and Northwind Group,
Giannopoulos of Kings Capital acquires Brooklyn multifamily for $1.775 million
March 24, 2020
Brooklyn, NY George Giannopoulos of Kings Capital purchased 192 Rockaway Ave., an eight-unit building in the Bedford-Stuyvesant neighborhood. This property consisted of four free-market and four rent-stabilized apartments,