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AANDAR Real Estate Capital closes $50 million across three transactions
November 25, 2025
Manhattan, NY AANDAR Real Estate Capital has closed three transactions totaling nearly $50 million within four weeks, spanning three asset classes and capital structures across the U.S. “These closings capture exactly what defines AANDAR — precision, creativity,
Vision Hudson Valley names Smith of Richard J. Smith Enterprises as Ottaway Medal recipient
November 25, 2025
Middletown, NY Vision Hudson Valley has named RJ Smith as the recipient of the 31st annual Ottaway Medal, an honor bestowed upon individuals who exemplify leadership and service in the Hudson Valley. Named after philanthropists Ruth and James Ottaway, the medal celebrates those whose advocacy
Mid-term stays: The new foundation of international student housing - by Óscar Rubio
November 25, 2025
As the traditional housing market faces regulatory pressure, inflation, and limited supply, a once-marginal model is gaining ground across global real estate: mid-term rentals. Covering stays between one and eleven months, this category has expanded rapidly, becoming one of the most promising accommodation formats
IREON new member profile - Varun Bansal
November 25, 2025
What do you do now and what are you planning for the future? I’m an entrepreneur focused on building a sustainable enterprise with a vision and growth mindset. My company provides reused and pre-owned office furniture solutions that promote circular economy principles and reduce environmental impact.
IREON Insights: Tax consequences of using debt financing to acquire real estate in a self-directed I...
November 25, 2025
The act of borrowing money itself in a self-directed IRA is not a taxable event. However, using borrowed funds (debt financing) to acquire or improve rental properties can subject the IRA to taxes on unrelated debt-financed income (UDFI), which is a form of unrelated business taxable income (UBTI). This means
SL Green secures $1.4 billion refinance for 11 Madison Ave.
November 25, 2025
Manhattan, NY Fried Frank advised SL Green Realty Corp. (SL Green), and its joint venture with PGIM Real Estate, in connection with the completion of a $1.4 billion, five-year, fixed-rate refinancing of 11 Madison Ave., a 2.3 million s/f office tower in Midtown South. The new mortgage replaces the
GFI Realty arranges $40 million acquisition loan for Avalon Brooklyn Bay
November 25, 2025
Brooklyn, NY GFI Realty Services closed a $40 million acquisition loan for 1501 Voorhies Ave., formerly known as Avalon Brooklyn Bay and rebranded by the buyer as Aqualina New York, located in the Sheepshead Bay neighborhood. The financing was secured through OceanFirst Bank and arranged by Daniel Lerer
Avenue of the Americas Association honors CBRE, C&W, JLL and Newmark
November 25, 2025
Manhattan, NY The Avenue of the Americas Association (AoA Association) convened at the New York Marriott Marquis for its 99th anniversary gala. Hosted by executive director Sarah Berman, the gala recognized four brokerage firms CBRE, Cushman & Wakefield, JLL, and Newmark with
Reidy Contracting completes five projects in Empire State Building
November 25, 2025
Manhattan, NY Reidy Contracting Group (RCG) has completed five projects in the Empire State Building. The projects include the Empire State Realty Trust Amenity Space, Ghirardelli Chocolate & Ice Cream Shop, the Observatory, Dave & Adam’s Pop-Up Shop,
Asian Real Estate Professionals Assn. guest speaker event features Wu of ZD Jasper Realty
November 25, 2025
Manhattan, NY The Asian Real Estate Professional Association (AREPA) hosted its distinguished guest speaker event at EisnerAmper, featuring Jasper Wu, vice president of ZD Jasper Realty. Jasper shared his expertise on real estate development, career
Newmark arranges 150,000 s/f
of office leases at The Factory
November 25, 2025
Queens, NY Atlas Capital Group made known 150,000 s/f of office leases at The Factory. Newmark’s executive vice chairman Brian Waterman, senior managing director Jordan Gosin, and associate director Alex Rosenblum, which serve as the exclusive leasing agents at the building, represented
Properly serving a lien law Section 59 Demand - by Bret McCabe
November 25, 2025
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
Rosenblatt and Gerome of Cresa sell 6,096 s/f commercial coop. to Clark Construction for $3.25m
November 25, 2025
Manhattan, NY Cresa managing principal Bert Rosenblatt and vice president Alex Gerome represented Clark Construction Corp. for the $3.25 million acquisition of a 6,096 s/f commercial cooperative at 127 West 24th St. in Chelsea. The buyer is a general contracting and construction
Plaza College expands to 80,000 s/f at Muss Development’s Forest Hills Tower
November 25, 2025
Queens, NY According to Muss Development LLC, Plaza College has signed a long-term expansion and extension at Forest Hills Tower, the real estate firm’s 375,000 s/f Class A office property, bringing total occupancy to 99%.
Bortz of The Kislak Co. sells 76-unit
Jefferson Gardens for $3.225 million
November 25, 2025
Monticello, NY The Kislak Company, Inc. negotiated the sale of Jefferson Gardens, a 76-unit apartment complex at 14 Wood Ave. for $3.225 million. Kislak marketed the property on an exclusive basis with executive vice president Janet Bortz handling the assignment on behalf of the seller
Avison Young arranges $147 million refinance for
255 Greenwich St. on behalf of Jack Resnick & S...
November 25, 2025
Manhattan, NY Avison Young arranged a $147 million first mortgage refinancing of 255 Greenwich St., a 600,000 s/f Class A office building with ground floor retail and parking in Tribeca, on behalf of an affiliate of Jack Resnick & Sons. The 14-story property was developed in 1987 by Jack Resnick & Sons, which was founded in 1928 and now spans three generations
Largo Capital arranges $43 million refinancing
November 11, 2025
Toronto, ON Largo Capital Limited arranged a $43 million life company loan to refinance an industrial portfolio totaling 298,573 s/f across North York, Markham, and Scarborough. This
Are Community Foundations the answer to NY’s affordable housing crisis? - by Michael Discenza
November 24, 2025
Over a century after banker Frederic Goff established the first community foundation in Cleveland, Ohio, in 1914, more than 900 community foundations across the country manage approximately $110 billion in assets and award about $14 billion
Invel Capital completes the acquisition of a multifamily community
November 11, 2025
West Orange, NJ Invel Capital has completed the acquisition of 555 Northfield Ave., a transit-oriented class-A multifamily community comprising 70 spacious residential units and two commercial units – including a 17,000 s/f school facility.
X Caliber closes $285 million financing for $495 million resort development in Missouri
November 11, 2025
Osage Beach, MO X-Caliber Capital Holdings LLC, (X-Caliber) closed a $285 million Rural PACE-X financing for the ground-up construction and redevelopment of a national resort in Missouri.