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Outside the Region: Arbor Realty Trust funds three Fannie Mae Small Loans totaling $7 million

Outside the Region: Arbor Realty Trust funds three Fannie Mae Small Loans totaling $7 million

September 17, 2019
Little Rock, AR Arbor Realty Trust, Inc. funded three loans totaling $7 million under the Fannie Mae Small Loans program. Sam Schwass of Arbor’s New York City office originated the loans.
Outside the Region: JLJ Capital provides $45.5 million in financing to Sovereign Properties

Outside the Region: JLJ Capital provides $45.5 million in financing to Sovereign Properties

September 17, 2019
Allen, TX JLJ Capital has partnered with BridgeInvest to provide a senior loan of $45.5 million to Sovereign Properties develop Dolce Twin Creeks, Phase II, a 366-unit multifamily project on 10+ acres in the Dallas suburb.
Outside the Region: IPA closes $58.5 million sale of Phoenix class A multifamily – 304 units

Outside the Region: IPA closes $58.5 million sale of Phoenix class A multifamily – 304 units

September 17, 2019
Phoenix, AZ Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the sale of Remington Ranch, a 304-unit multifamily asset. The transaction closed at $58.5 million, or $192,434 per unit.
Outside the Region: Blanton of Largo places $21.8 million for multifamily community in Florida

Outside the Region: Blanton of Largo places $21.8 million for multifamily community in Florida

September 17, 2019
Orlando, FL Ben Blanton, originator for Largo Capital, secured $21.8 million to refinance the construction debt on a 178-unit apartment complex in the Florida Panhandle. The complex was completed in 2019 and features one and
Outside the Region: Kaufman Dolowich & Voluck celebrates five years in Chicago

Outside the Region: Kaufman Dolowich & Voluck celebrates five years in Chicago

September 17, 2019
Chicago, IL Kaufman Dolowich & Voluck LLP (KDV) celebrated its five-year anniversary of establishing its local office. On September 3rd, 2014, KDV-Chicago began operations with three attorneys, Stefan Dandelles, David Brown and Brendan McGarry.
Besen Partners retained by Salusbury & Co. to assist in launch of NYC mixed-use boutique development

Besen Partners retained by Salusbury & Co. to assist in launch of NYC mixed-use boutique development...

September 18, 2019
New York, NY Besen Partners has been retained by Salusbury & Co. to assist in the launch of a mixed-use boutique development project. Besen will be assisting the Salusbury team in identifying a site for development, capital placement, sales and marketing, as well as
New York Real Estate Journal presents 2019 Women in Real Estate - Professional Services

New York Real Estate Journal presents 2019 Women in Real Estate - Professional Services

September 17, 2019
New York, NY The New York Real Estate Journal published its annual Women in Real Estate, Professional Services Spotlight. The September 17th Spotlight edition shares insight into today's real estate industry from a woman's point of view. This issue recognized achievements of women engaged in specialized industries including
Valuable strategies for taxpayers with substantial income and/or capital gains - by Michael Packman

Valuable strategies for taxpayers with substantial income and/or capital gains - by Michael Packman

September 17, 2019
For years, the ownership and use of real estate in the United States has had tax advantages if you know what you are doing, and today is no different. I would like to share a couple of strategies that can be valuable to those taxpayers with substantial income and/or capital gains.
Syracuse Securities acquired by Premium Mortgage

Syracuse Securities acquired by Premium Mortgage

September 17, 2019
Syracuse, NY Syracuse Securities, Inc., founded in 1963 by the Smith family, is completing a 44-year run as a leading mortgage lender in the state. The Smith family made the decision to wind down the
Barbuto of Southgate Commercial leases 1,290 s/f to Tuch and Cohen; Venture of Windsor Commercial acts for landlord

Barbuto of Southgate Commercial leases 1,290 s/f to Tuch and Cohen; Venture of Windsor Commercial ac...

September 17, 2019
Westbury, NY Southgate Commercial Real Estate completed the lease signing of 1,290 s/f at 1025 Old Country Rd. This will be the new location of the law firm of Tuch and Cohen LLP.
2019 New York City Real Estate Expo - Oct. 24th

2019 New York City Real Estate Expo - Oct. 24th

September 17, 2019
New York, NY Over 5,000 key decision-makers representing the state’s real estate, banking, investment, construction, architecture and related industries will convene at the New York Hilton Midtown on Thursday, October 24th for the 11th annual New York City Real Estate Expo.
Jungreis and Guttman of Rosewood close sale of 62,548 s/f Bronx property; The Morgan Group sells 60 East. 196th St. for $8.15 million

Jungreis and Guttman of Rosewood close sale of 62,548 s/f Bronx property; The Morgan Group sells 60 ...

September 17, 2019
Bronx, NY Rosewood Realty Group has closed the $8.15 million sale of a five-story walk-up apartment building in the Fordham neighborhood. The 62,548 s/f building at 60 East 196th St.features 46 apartments and a superintendent’s unit in the
Hudson Valley Property Group buys 311 units for $48.3 million; CBRE Affordable Housing and CBRE’s NY Institutional Group handle sale

Hudson Valley Property Group buys 311 units for $48.3 million; CBRE Affordable Housing and CBRE’s ...

September 17, 2019
Yonkers, NY CBRE Affordable Housing and CBRE’s New York Institutional Group have completed the sale of the 311-unit, affordable housing community known as Parkledge. The property sold to Hudson Valley Property Group
Grillo of NYC SCA to be honored by NYWCC on September 20

Grillo of NYC SCA to be honored by NYWCC on September 20

September 17, 2019
New York, NY On Friday, September 20, Quenia Abreu, president of The New York Women’s Chamber of Commerce (NYWCC), and organization board members will honor 13 women leaders and those who support the mission of the NYWCC at its 17th...
Briskin of The Feil Org. arranges three retail leases totaling 9,389 s/f

Briskin of The Feil Org. arranges three retail leases totaling 9,389 s/f

September 17, 2019
Manhattan, NY Commercial real estate firm The Feil Org. leased 9,389 s/f of its retail store space to three restaurants at its 7 Penn Plaza property, located at Seventh Ave. between 30th and 31st Sts. The eateries – Sticky’s Finger Joint, Sweetgreen, and Naya Express
Yunis, Stanford and Ferris of CBRE lease 2,830 s/f to Diptyque; Represented building owner of 1165 Broadway

Yunis, Stanford and Ferris of CBRE lease 2,830 s/f to Diptyque; Represented building owner of 1165 B...

September 17, 2019
Manhattan, NY In a transaction arranged by CBRE, Diptyque, a Paris-based goods company that produces a line of scented candles, perfumes, face and body care, and Space NK Apothecary London, a British beauty retailer, signed a retail 2,830 s/f lease...
Singer, Lerner, Schmerzler and Boutross of Cushman & Wakefield rep Madison International in 5,500 s/f lease to Sephora

Singer, Lerner, Schmerzler and Boutross of Cushman & Wakefield rep Madison International in 5,500 s/...

September 17, 2019
Brooklyn, NY According to Madison International Realty, Sephora has leased 5,500 s/f at Atlantic Terminal Mall, across from Barclays Center.  The new store is planned to open in October.
Zhen, Berke and Smith of JLL arrange four retail leases totaling 7,189 s/f

Zhen, Berke and Smith of JLL arrange four retail leases totaling 7,189 s/f

September 17, 2019
Manhattan, NY According to JLL, in partnership with Columbia University, four new retail tenants are coming to the Morningside Heights neighborhood of the Upper West Side in the fall of this year. lue Bottle Coffee, Dos Toros, Loco Coco, and Hex & Company...
Klinger and Welles of SCG Retail arrange 60,000 s/f retail lease for Whole Foods

Klinger and Welles of SCG Retail arrange 60,000 s/f retail lease for Whole Foods

September 17, 2019
Manhattan, NY SCG Retail has signed a 60,000 s/f retail lease for Whole Foods at 63 Madison Ave. (aka 28 East 28th St.) Whole Foods will be occupying10,000 s/f on the ground floor, plus an additional 50,000 s/f across the entire second floor of 63 Madison Ave. The space features 190 ft. of retail frontage
Little Italy: It’s time for New Yorkers to re-visit this fascinating neighborhood - by Joe Aquino

Little Italy: It’s time for New Yorkers to re-visit this fascinating neighborhood - by Joe Aquino

September 17, 2019
When was the last time you heard a New Yorker say, “Last night we went to this fabulous Italian restaurant in Little Italy?” Right, I don’t remember either. Over the past decades, Little Italy has gotten a reputation it doesn’t deserve: That of a tourist trap that real New Yorkers learned...