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Greenberg and Rappaport of Jack Resnick & Sons
represent landlord in 4,446 s/f lease to MY NYC D...
October 15, 2019
Manhattan, NY According to Jack Resnick & Sons, MY NYC Dentist, a full service group of dental practices in the NYC area, will launch its new Hudson Street Dental Associates location at 315 Hudson St., a neoclassical Hudson Sq. property that underwent a $65 million redevelopment.
Lee & Associates NYC arranges four NYC retail leases totaling 26,951 s/f; Includes 14,859 s/f to soc...
October 15, 2019
Manhattan, NY Lee & Associates NYC (Lee NYC) has brokered four retail leases totaling 26,951 s/f. In the first lease, Steve Lorenzo, principal, John Cannon, executive managing director/principal, Mitchell Salmon, executive managing director,
Why the next real estate downturn might have less distressed opportunities than the 2008 and 1986 do...
October 15, 2019
Why the next real estate downturn might have less distressed opportunities than the 2008 and 1986 downturns. The real estate crash that occurred in 2008 marked the end of a real estate super-cycle that began 22 years prior, in the aftermath of the 1986 real estate crash.
Int. No. 1472-B: A cyber-watchdog for commercial and mixed-use landlords - by Peter Blond
October 15, 2019
After over twenty years in New York City real estate, I would have never dreamed the city’s own legislators would endeavor to amputate the multi-billion dollar hand that feeds it. As if the recent rent law transformations in Albany weren’t damaging enough to owners of multifamily...
Central Brooklyn’s development market is booming as affordability lures institutional investors - ...
October 15, 2019
Real estate developers have long been smitten with Brooklyn, with their sights set on the upside potential offered by its eclectic neighborhoods, such as Flatbush. As construction continues on several high-profile projects, the cost of land in central Brooklyn is poised to climb as investors take advantage...
Jewish National Fund holds second real estate panel
October 15, 2019
New York, NY It was back to business as the Jewish National Fund held its second sold out real estate panel of the year at Doma Land & Sea featuring panelists Meridian Capital Group EVP of sales, Brian Flax; Rosewood Realty Group president, Aaron Jungreis....
Rebuilding Together NYC holds annual She Builds Day; Women in real estate come together to renovate
October 15, 2019
Bronx, NY 100 members of the NYC real estate industry came together for Rebuilding Together NYC’s annual She Builds Day. Spearheaded by co-chairs Laura Jackson and Laurie Grasso, along with the She Builds Women...
Sampson, Toy and Clauss join Sabal’s New York commercial real estate lending team
October 15, 2019
New York, NY Sabal Capital Partners, LLC, a financial services firm specializing in commercial real estate, lending and investing, has added a group of strategic new hires. As a part of this new wave of hires three executives have joined...
Amerant provides $49 million first mortgage for 109,623 s/f mixed-use property; Placed for a partner...
October 15, 2019
Brooklyn, NY Amerant provided a $49 million first mortgage loan to finance Kingswood Center II, a five-story, 109,623 s/f, mixed-use property located at 1715 East 13th St. Amerant acted as the administrative agent...
Espresso Capital provides $5 million credit facility to Vidrio Financial
October 15, 2019
New York, NY Espresso Capital has provided Vidrio Financial, a financial technology platform for allocators to external managers, with a $5 million revolving debt facility. The company plans to use the capital to build its sales and marketing...
Grossman joins Chase’s CDB group as head of affordable housing
October 15, 2019
New York, NY According to Chase, Rachel Grossman joined the community development banking (CDB) group within commercial banking, as head of affordable housing secondary markets. Grossman is based in New York City...
GCP Capital Group arranges four mortgages totaling $43.675 million; Includes $24.65 million for for ...
October 15, 2019
New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $43.675 million for the following four New York City mortgage deals: A $24.65 million for a six-story multifamily apartment building containing ....
Fletcher, Klauer and Grover of Greystone close $37.05 million loan in Astoria
October 15, 2019
Queens, NY Greystone has closed a $37.05 million permanent loan made to an affiliate of the Shirian Family’s Lions Group to refinance 14-01 Broadway, a new 82-unit 100% market-rate multifamily rental....
Aghravi and Han of JBA Equities complete $56 million construction loan for office reposition
October 15, 2019
Manhattan, NY According to Jonathan Aghravi of JBA Equities, his team has secured a $56 million construction loan for 541-545 West 21st St., an eight-story vacant warehouse that will be converted into office...
Zegen of Madison Realty Capital originates $76 million loan
October 15, 2019
Brooklyn, NY Madison Realty Capital (MRC) provided a $76 million financing package, that included both an MRC senior loan and additional mezzanine financing from Bluestone Group, to fund the acquisition of a 12-story...
Roeschlaub, Stolly, Scribani and Kramer of NKF arrange $110 million floating-rate loan on behalf of ...
October 15, 2019
Manhattan, NY Global commercial real estate advisory firm Newmark Knight Frank (NKF) has arranged a $110 million floating-rate loan for the refinancing of 287 Park Ave. South on behalf of CheerLand Investment Group.
Okun and Taormina of Cresa complete 5,000 s/f lease for Octave; Koeppel of Koeppel Rosen LLC reps ow...
October 15, 2019
Manhattan, NY Cresa’s Michael Okun, principal, and Daniel Taormina, vice president, have arranged a new location for Octave at 45 East 20th St., between Broadway and Park Ave. South...
Steinman of Rudin Mangement arranges 10-year, 8,200 s/f lease to La Prairie; Mambrino, Farmakis and ...
October 15, 2019
Manhattan, NY According to The Rudin Family, Swiss luxury skincare brand La Prairie has finalized a 10-year lease at 41 Madison Ave., a location in one of the Flatiron District’s most heavily-trafficked corridors.
Ponte of Stonegate Real Estate arranges 1,800 s/f lease
October 15, 2019
Manhattan, NY Anthony Ponte of Stonegate Real Estate represented the landlord in a 1,800 s/f retail condominium lease at 440 Washington St., TriBeCa. The tenant, Mathieu Lustrerie, was represented by Brett Weinstock of The F+B Group.
Camhi of RFR arranges two leases totaling 20,739 s/f at 477 Madison Avenue
October 15, 2019
Manhattan, NY RFR has signed two new financial firm leases totaling 20,739 s/f at 477 Madison Ave., 60 days after acquiring the property and subsequently launching a comprehensive capital improvement program to elevate the quality of the building.