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West Harlem’s real estate to reap rewards of Columbia University’s expansion and Taystee Buildin...
September 17, 2019
Northern Manhattan has been a hotbed for commercial real estate investment in recent years, due largely to its relative affordability and the upside potential offered by many of its neighborhoods, such as West Harlem. With construction currently underway at the famed Taystee Building...
Commercial vacancies inspire artistic and entrepreneurial collaborations and event facilities - by A...
September 17, 2019
Do you know any one grown-up who hasn’t shopped for and bought at least one item on the Internet in 2019? The likelihood that you do is incredibly slim. E-commerce is growing rapidly with companies like Amazon, eBay and Etsy leading the way. According to the U.S. Department of Commerce...
Nassi’s BCN closes $9 million construction loan for Bronx development
September 17, 2019
Bronx, NY Craig Nassi, owner of BCN Development, closed on a development site. Nassi plans to build 35,000 s/f in free-market residential units on the four lots at 2088 Valentine Ave. Plans are filed already and construction will begin in September. The $9 million loan that closed was a...
Burlington and subsidiary complete sale of AFCA 2 interests to Greystone; Will continue to develop n...
September 17, 2019
New York, NY According to Burlington Capital, LLC and Greystone & Co., Inc. (together with its affiliates, Greystone), they have completed a sale by Burlington Capital and one of its subsidiaries interests in America First Capital Associates Limited Partnership...
Industrious raises $80 million in Series D funding
September 17, 2019
New York, NY Industrious, a flexible workspace provide, has closed an $80 million Series D funding round focused on strategic landlord partners. The round accelerates Industrious’s industry-first evolution to exclusively signing asset-light and low-risk landlord partnerships.
GCP Capital Group arranges ten mortgages totaling $83.395 million; Includes $24 million for two six-...
September 17, 2019
New York, NY GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $83.395 million for the following 10 deals:
NKF adds Layne, Siegel and Celestin to NY Capital Markets Investment Sales division
September 17, 2019
New York, NY According to Newmark Knight Frank (NKF), three industry-expert capital markets professionals, Evan Layne, Brett Siegel and Jean Celestin, have joined NKF as vice chairmen and co-heads of the New York Capital Markets Investment Sales division.
New York Life originates $103 million in financing for The Lanthian Apartments
September 17, 2019
Manhattan, NY New York Life Real Estate Investors, on behalf of New York Life Insurance Co., has originated $103 million in financing for The Lanthian Apartments, a 209-unit high-rise apartment building at 377 East 33rd St.
Eastern Union achieves highest August loan volume in firm’s 18-year history with 502 mortgage appl...
September 17, 2019
Brooklyn, NY Eastern Union has filed the highest number of mortgage submissions of any previous August in the firm's 18-year history. The company, which has closed $12 billion in real estate transactions over the past three years, submitted 502 mortgage...
JLJ Capital provides $57 million in financing for 17-story, mixed-use Williamsburg project
September 17, 2019
Brooklyn, NY JLJ Capital, a leading provider of creative alternative financing solutions for major real estate projects, has agreed to provide a $57 million loan to 329 LLC for the completion of a mixed-use 17-story tower at 329 Broadway in Williamsburg.
Squires, Fioravanti, Neustadter, Berniker and Soltan of Cushman & Wakefield complete $1.01 million s...
September 17, 2019
Bronx, NY Cushman & Wakefield has arranged the $1.01 million sale of 959 Cauldwell Ave., also known as 606 East 164th St., a 3,404 s/f church property in the Morrisania neighborhood. Cushman & Wakefield’s Jonathan Squires, Michael Fioravanti, Josh Neustadter, Addison Berniker...
Epstein of HSP leases 2,109 s/f to JGM Construction
September 17, 2019
Manhattan, NY HSP Real Estate Group has arranged a five-year renewal lease for JGM Construction Development, LLC at 16 West 36th St., between Fifth and Sixth Aves. in the Penn Plaza district. JGM has occupied the 2,109 s/f
CREW New York hosts annual Leading Ladies of Real Estate Series
September 17, 2019
New York, NY This summer, CREW (Commercial Real Estate Women) New York provided a series of events meant to bridge chapters and create opportunities to learn from women at the forefront of the real estate industry.
Manevitz joins Seyfarth Shaw’s Litigation dept.
September 17, 2019
New York, NY According to Seyfarth Shaw LLP, Ingrid Manevitz has joined the Litigation department as partner. Manevitz joins from Schwartz Sladkus Reich Greenberg Atlas LLP, where she was a partner in its
Hodges Ward Elliott welcomes Ledesma managing director of its commercial investment advisory team
September 17, 2019
New York, NY According to Hodges Ward Elliott, (HWE) Anthony Ledesma has joined the firm’s commercial investment advisory team as managing director.
Castle Lanterra Properties expands senior team, hires Glantz, Murray and Sheril
September 17, 2019
Suffern, NY Castle Lanterra Properties (CLP), has expanded its team with the hire of three senior professionals who will fill newly created roles to further elevate service standards for its investment partners
Bohemia Realty expands management team, welcomes Eichler as chief of staff
September 17, 2019
Manhattan, NY Having grown its agent population by 50% in the first half of the year, Bohemia Realty Group, is continuing to expand with the addition of Jessica Eichler as the firm’s chief of staff.
Haggerty of Hudson Gateway Association of Realtors leads discussion on regional MLS for New York
September 17, 2019
White Plains, NY Inaccurate data is the major driver of financial and time drains for residential real estate professionals, according to Richard Haggerty, CEO of the Hudson Gateway Association of Realtors, Inc.