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Enterprise Community Partners launches Blue Sky portfolio; Bringing private equity model to nonprofi...
May 21, 2019
New York, NY Enterprise Community Partners, Inc. have launched the Blue Sky Portfolio, a fundraising effort that will work strategically with donors to accelerate the incubation of deeply impactful programs at the earliest stages of development. Modeled after private equity investments that enable the most innovative early-stage companies to access funding
Executive of the Month: The Agency celebrates its newly appointed executive director for Broome Coun...
May 21, 2019
Binghamton, NY The New York Real Estate Journal (NYREJ) recently sat down with The Agency and its newly appointed executive director Stacey Duncan, EDFP. The Agency is an economic development organization that governs the Broome County Industrial Development Agency (IDA) and the Broome County Local Development Corp.
Khan joins Procida’s asset management team
May 21, 2019
New York, NY Omar Khan has joined Procida Funding and Advisors on the asset management team. What makes this a historic hire for Procida is that it was Khan's grandfather, Abdul Qayum, who catapulted the then 19-year-old, Billy Procida's career by investing $400,000 (net present value close to $4 million) in 1982.
GCP Capital Group arranges 10 mortgages totaling $87.125 million
May 21, 2019
New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $87.125 million for the following 10 deals: $11 million for a six-story multifamily apartment building containing 57 units and 3,300 s/f of commercial space on West 175th St. in Manhattan. Paul Greenbaum, managing member of GCP, arranged the financing.
Zeccardi joins Cresa as senior vice president, project management
May 21, 2019
Manhattan, NY Cresa welcomed industry leader Ronald Zeccardi as senior vice president, project management. Zeccardi, who will be based in the NYC office, joins a team led by James Pirot, managing partner. In addition, he will be working with Cresa's Integrated Control Solutions group...
CoreNet NYC hosts 2019 Annual Dinner; Attended by 800 professionals and held at American Museum of N...
May 21, 2019
Manhattan, NY CoreNet Global New York City chapter (CoreNet NYC) hosted its sold-out 2019 Annual Dinner on May 2nd at the American Museum of Natural History located at Central Park West & 79th St.
Peck and Knapp of HFF secure $97.1 million in financing for 111 Leroy, a PMG-developed condominium i...
May 21, 2019
Manhattan, NY Holliday Fenoglio Fowler, L.P. (HFF) has secured $97.1 million in financing for 111 Leroy, a condominium development in the West Village. HFF worked on behalf of the developer, Property Markets Group (PMG), to arrange the two-year, floating-rate financing through Rialto Capital Management.
Zegen of MRC closes $27 million first mortgage
May 21, 2019
Brooklyn, NY Madison Realty Capital (MRC) has closed a $27 million first mortgage loan for the development of a 68-unit mixed-use residential building located at 93 Linden St. and the rehabilitation of an adjacent two-story community facility at 395 Evergreen Ave. in the Bushwick neighborhood.
AVANA Capital provides $65 million construction
loan for 168-room AC Marriott hotel in Chelsea
May 21, 2019
Manhattan, NY AVANA Capital closed a $65 million construction loan to 842 Enterprises, Inc., providing funding to develop modular construction of the AC Marriott hotel located in Chelsea.
Waller of ABS brokers 3,500 s/f Brooklyn lease
May 21, 2019
Brooklyn, NY ABS Partners Real Estate has brokered a 3,500 s/f lease to School of Rock at 300 Graham Ave., a 25-unit condo building. ABS' Ben Waller represented the ownership, Gloveman LLC, while Harry Safter of Jonathan Barry Associates acted on behalf of the tenant.
Lee & Assoc. NYC secures 3,100 s/f for Small Door Inc.
May 21, 2019
Manhattan, NY According to Lee & Associates NYC, Gregory Tannor, executive managing director/principal, and Zachary Diamond, senior associate, have negotiated a 15-year, 3,100 s/f lease on the ground floor at The Greenwich Ln. residential condominium at 15 Seventh
Black Mountain Capital opens new 2,500 s/f storefront at 371 North Ave. in New Rochelle
May 21, 2019
New Rochelle, NY Black Mountain Capital, (BMC), a private mortgage banking firm, has opened a new office downtown. The firm is also expected to expand and open offices in Greenwich, CT, the Hamptons and Florida.
Exact Capital renovates/preserves 650 rental units, 25 stores in Harlem
May 21, 2019
Manhattan, NY Exact Capital has renovated and preserved 650 affordable residential rental units and 25 stores in 29 buildings, including 166 West 120th St., in Central Harlem between 113th and 152nd Sts.
Avison Young arranges 4,750 s/f lease to SharesPost
May 21, 2019
Manhattan, NY According to the New York office of Avison Young, a new five-year, 4,750 s/f lease has been completed for SharesPost Inc. on the 27th floor of Tower 45, the 458,446 s/f class A office tower located at 120 West 45th St.
Bohemia Realty Group launches new staging divison: Bohemia Staging
May 21, 2019
New York, NY Bohemia Realty Group, a full-service real estate brokerage, has launched Bohemia Staging, a new division providing interior design services for model apartments in new developments and virtual staging for
Kaplan and Arzi of CBRE handle $8.7 million Lower East Side sale
May 21, 2019
Manhattan, NY CBRE has arranged the $8.7 million sale of 66 Clinton St. and an adjacent land parcel on the Lower East Side. The three-story, 4,340 s/f building and vacant lot were purchased by Vault Development and TLM Equities for planned development of a boutique residential property.
Cronin joins Houlihan Lawrence in Brewster
May 21, 2019
Brewster, NY According to Houlihan Lawrence, agent Stacey Cronin has joined its brokerage team. Cronin has over 12 years of real estate experience and joins from Berkshire Hathaway HomeServices Hudson Valley Properties in Pawling, where she sold
Cohen of TerraCRG honored at Brooklyn Arts Council's Alive with Art Gala
May 21, 2019
Brooklyn, NY According to TerraCRG, Ofer Cohen, founder and CEO, has been honored at the Alive with Art Gala hosted by the Brooklyn Arts Council (BAC).
Stone of Rosenberg & Estis appointed owners rep. to NYC Rent Board
May 21, 2019
New York, NY According to Rosenberg & Estis, P.C., Patti Stone has been appointed as an owner representative to the New York City Rent Guidelines Board.
Executive of the Month: Mancini, principal and head of asset management at Innovo Property Group
May 21, 2019
New York, NY Frank Mancini, principal and head of asset management at Innovo Property Group, oversees all aspects of the administrative, financial, leasing, capital and operations of the IPG portfolio. Mancini has a 30-year track record of success working on asset management and operations...