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Public Relations: How “earned media” builds reputation - by Harry Zlokower
June 18, 2019
As real estate companies rush to find the fastest and most precise way to deliver marketing content to prospects and audiences, the question remains: What is the best way to build reputation? Electronic newsletters, sales engagement software, and…
Roth of Manhattan Skyline Management secures 1,650 s/f with Sag Harbor Books on Long Island
June 18, 2019
Sag Harbor, NY Manhattan Skyline Management Corp. has signed a new lease agreement with an independent bookseller, Daniel Hirsch, on Main St. Sag Harbor Books,
Untermyer Gardens Conservancy to honor Ginsburg at annual Summer Solstice Sunset Soirée June 19th
June 18, 2019
Yonkers, NY The Untermyer Gardens Conservancy will hold its annual Summer Solstice Sunset Soirée on June 19th, honoring architect Martin Ginsburg, who
O’Callaghan of Lynx Mortgage Bank's Commercial Division arranges $1.6 million for Axis Mechanical
June 18, 2019
Manhattan, NY Lynx Mortgage Bank LLC Commercial Division arranged $1.6 million in financing for an office co-op at 137 5th Ave., 8th floor, on behalf of Axis Mechanical, Steve Marino. The loan, funded by Flushing Bank, was
JLL completes sale of 157-159 Lexington Ave. – $11.5 million
June 18, 2019
Manhattan, NY JLL Capital Markets has sold 157-159 Lexington Ave. in the Kips Bay neighborhood, on behalf of Tsoumpas 157 Group LLC. Private investor Shaun Ajodan acquired the
TAYLOR, Essex, ESL, & ImageNow take part in Seneca Waterways Council's annual “21 Stories For Scou...
June 18, 2019
Rochester, NY As part of the 10th Annual Seneca Waterways Council “21 Stories For Scouts” rappelling event on May 31st, Kelly Jones, Martin Koegst, Keith Shugerts, Scott Burslem, Arika Mastin and Tim Levine accepted the challenge to defy gravity by rappelling…
Outside the Region: VHT Studios promotes Collura to COO
June 18, 2019
Rosemont, IL According to VHT Studios, Vince Collura has been promoted to COO. Collura joined VHT Studios in 2016 as vice president of product, talent & innovation as part of the company’s acquisition of Gotham Photo Co.
Outside the Region: Duff of Arbor Realty Trust originates $10.6 million acquisition loan
June 18, 2019
Forest Park, GA Arbor Realty Trust, Inc. funded a $10.6 million acquisition loan. Arbor provided the loan for Wingate Apartments, a 211-unit complex. Financing for this acquisition includes a two-year, floating rate senior loan and a
Outside the Region: Hunt Real Estate Capital refinances student housing community
June 18, 2019
Winston-Salem, NC Hunt Real Estate Capital provided a $18.8 million Fannie Mae conventional loan to refinance a student housing property. The loan features a 10-year term with an initial three years of interest-only followed by seven years of amortization
REBNY holds its 21st Annual Retail
Deal of the Year Awards Cocktail Party at Convene
June 13, 2019
New York, NY A fast-growing health club and an old-fashioned cinema took center stage at the Real Estate Board of New York's (REBNY) 21st Annual Retail Deal of the Year Awards Cocktail Party at Convene. Recognized as the most meaningful transaction in its overall characteristics
Outside the Region: Berkadia secures joint venture equity – $11.5 million
June 18, 2019
Lilburn, GA Berkadia played an integral role in securing the equity and debt financing for the acquisition of Park Crossing Apartments, a 280-unit multifamily garden-style property.
Outside the Region: CetraRuddy completes adaptive reuse of NJ Bell building with L+M Development, Pr...
June 18, 2019
Newark, NJ CetraRuddy is completing its third adaptation of a landmark by architect Ralph Walker, known for Art Deco buildings built mainly around New York City in the 1920s and 1930s. The latest project–an adaptive reuse of the
Outside the Region: New Providence Gardens sells for $58.5 million; arranged by Gebroe-Hammer
June 18, 2019
New Providence, NJ New Providence Gardens, a 232-unit garden-apartment community, has been sold for $58.5 million in a trade arranged by Gebroe-Hammer Associates
Outside the Region: CIT provides financing for Southern Calif. apartment complex: $48.2 million
June 18, 2019
Colton, CA According to CIT Group Inc., its Real Estate Finance division provided $48.2 million in senior secured financing for the acquisition and redevelopment of The District at Grand Terrace,
Outside the Region: NAP names Fetah senior vice president/director for Riverton Master Planned Proje...
June 18, 2019
Sayreville, NJ According to North American Properties, (NAP) Mark Fetah has joined the firm as senior vice president/director, for the Riverton Master Planned Projects, a $2.5 billion, 5 million s/f mixed-use development
Outside the Region: Cronheim Mortgage secures $12.125 million bridge loan for retail/self-storage fa...
June 18, 2019
Detroit, MI Cronheim Mortgage secured a bridge loan for a self-storage facility in Michigan which is to be fully renovated. The subject is a shopping center with a vacant Kroger grocery store and a
Outside the Region: Community Development Trust/Southport Financial Services JV acquire LIHTC proper...
June 18, 2019
Lemoore, CA The Community Development Trust (CDT) has entered into a new $37 million joint venture with Southport Financial Services Inc. to purchase and improve five apartment complexes in
Outside the Region: Gateway Development Consortium unveils plan for Cross Bayou Point
June 18, 2019
Shreveport, LA Gateway Development Consortium, (GDC), has unveiled the virtual design for Cross Bayou Point, it’s proposed $1.5 billion downtown waterfront development.
Outside the Region: Standard Communities recognized for work at Fort Chaplin Park Apts.
June 18, 2019
Washington, DC Standard Communities’ work at Fort Chaplin Park Apartments, a 549-unit affordable housing property, was recognized with the 2019 Charles Edson Tax Credit Excellence Award in the Preservation Category by the Affordable Housing Tax Credit Coalition in a
Outside the Region: One Liberty Properties acquires two industrial properties for $11.8 million
June 18, 2019
Nashville, TN One Liberty Properties, Inc. acquired two industrial properties for an aggregate purchase price of $11.8 million. One Liberty acquired a 100,000 s/f industrial facility on