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Outside the Region: Gorjian Acquisitions buys SunTrust Building
May 7, 2019
Salisbury, NC Joel Gorjian, a national real estate investor and president and CEO of Gorjian Acquisitions, has purchased the SunTrust Building
Outside the Region: Eyzenberg & Co. arranges $35.4 million refinancing for Southeast multifamily por...
May 7, 2019
Covington, GA Eyzenberg & Co.’s Jeff Conti and Mila Babenko structured and arranged a $35.4 million fixed-rate loan
Outside the Region: HFF completes $111 million sale/financing of Liaison Washington Capitol Hill
May 7, 2019
Washington, DC Holliday Fenoglio Fowler, L.P. (HFF) has closed the $111 million sale of and arranged acquisition financing for Liaison Washington Capitol Hill, a 343-room hotel in
Outside the Region: Cronheim Mortgage secures five loans totaling $27 million for self-storage prope...
May 7, 2019
Chatham, NJ Cronheim Mortgage secured five separate, uncrossed bridge loans for self-storage facilities in Texas, Arizona, Ohio, Michigan and Missouri. Collectively the five properties represent 600,000 s/f and 3,745 class A self-storage units.
Outside the Region: Hines breaks ground on The Preston with partner Cresset-Diversified QOZ
May 7, 2019
Houston, TX Hines, along with investment partner Cresset-Diversified QOZ Fund, commenced the start of construction on The Preston, a 373-unit for-rent residential high-rise community located in
Outside the Region: Vocon completes 15,000 s/f renovation of Cleveland headquarters
May 7, 2019
Cleveland, OH Vocon, a national architectural and design firm, recently completed the redesign for its headquarters at 3142 Prospect Ave.
Outside the Region: Juniper Capital negotiates $7.5 million Freddie Mac loan for Baltimore apartment...
May 7, 2019
Baltimore, MD Juniper Capital closed a $7.5 million loan from Arbor Realty Trust for a 98-unit multifamily garden-style apartment complex. Jake Gluck, managing director of Juniper negotiated the
Outside the Region: Delisle of Island Associates closes $3.15 million sale with Marcus & Millichap
May 7, 2019
Loganville, GA Roger Delisle of Island Associates Real Estate Inc. has negotiated and closed the purchase and sale of the property located at 185 US Highway 78, for a
Outside the Region: Industrious completes two leases: 36,000 s/f in N.J. and 30,000 s/f in CA
May 7, 2019
Short Hills, NJ Industrious, a premium flexible workspace provider, has taken space in two new mall locations: The Mall at Short Hills in with Taubman and Broadway Plaza, in Walnut Creek, Ca., its
Outside the Region: Arbor funds $4.6 million Fannie Mae DUS loan for 24-unit multifamily property
May 7, 2019
Bettendorf, IA Arbor Realty Trust, Inc. has funded a Fannie Mae DUS deal. The Townhomes at Highland Pointe, a 24-unit multifamily property, received $4.6 million in refinance funding through
Outside the Region: Aquino of JAACRES and Palermo of Coldwell Banker sell Beverly Hills retail prope...
April 16, 2019
Beverly Hills, CA According to The Secret Brokers Society, Joseph Aquino, president of JAACRES, has partnered with Anthony Palermo from Coldwell Banker to sell a…
The Opportunity of Opportunity Zones - by Justin Rostoff
May 3, 2019
The Tax Cuts and Jobs Act of 2017 created what are known as Opportunity Zones. The benefits of Opportunity Zones, if structured correctly, are three-fold: 1. Defer taxes on recognized capital gains until 12/31/26; 2. Decrease the taxable capital gains by up to 15%; and…
Someck and Myers of Lee & Associates NYC arrange
11,993 s/f lease to Payfone at 245 Fifth Avenue...
April 29, 2019
New York, NY Dennis Someck, executive managing director/principal, and Justin Myers, senior managing director/principal, of Lee & Associates NYC have arranged a 10-year, 11,993 s/f lease for the entire twentieth floor at The Moinian Group's 245 Fifth Ave.
Goldflam of Highcap Group chosen to sell 2,079-acre Lost Lake Resort in Monticello
April 25, 2019
Monticello, NY According to Josh Goldflam, co-founder & principal of Manhattan-based investment sales firm Highcap Group, he has the exclusive listing for the sale of the property known as Lost Lake Resort. The property is located 90 minutes north of Manhattan
2019 Ones to Watch: Adam Kaufman, ArborCrowd
April 16, 2019
What advice can you offer to someone who is interested in a career in your industry?
I would advise those looking to become successful in the nascent real estate crowdfunding industry to remember that real estate should remain the core focus in growing their platform – technology is the facilitator. Develop a strong knowledge of real estate investing, as this is how
2019 Ones to Watch: Alice Fair, CBRE
April 16, 2019
What do you consider to be your greatest professional accomplishment in the past 12 months?
In the last past 12 months, I was promoted to senior associate – a huge accomplishment that I had been working towards for nearly three years. I was also nominated by CBRE for REBNY’s Most Promising Commercial Salesperson of the Year Award. These accomplishments and recognitions came right after
2019 Ones to Watch: Brandon Polakoff, Avison Young
April 16, 2019
What do you consider to be your greatest professional accomplishment in the past 12 months?
Over the last two years I have originated and closed over $200 million in sales and has played a role in over $2 billion in sales. I originated and closed 344-348 East 62nd St. for $35.5 million in February after multiple brokers could not make the trade. The properties sold for a 2.7% cap, which will likely stand as a
Kelly and Khukhashvili of Ariel Property Advisors
broker $11.74 million sale in Bushwick, Brookl...
April 22, 2019
Brooklyn, NY Ariel Property Advisors has facilitated the sale of 124-134 Forrest Street, a leased industrial building and vacant lot in Bushwick. The properties sold for $11.4 million, or $441 per s/f. The 25,840 /f industrial building and 4,990 s/f vacant lot are located between...
Doshi and Mehra of Meridian Investment Sales represent
buyer and seller in $15 million sale in B...
April 18, 2019
Brooklyn, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold 35 Pineapple St., an architecturally distinguished, free market, mixed-use corner elevator building in Brooklyn Heights for $15 million.
2019 Ones to Watch: Joseph Hentze, Jr., HSP Real Estate Group
April 16, 2019
Who or what do you attribute to your success?
Having grown up in the industry, I was greatly influenced by my father. But at HSP, I have had incredible mentors, too. John Monaco, EVP, is guiding me on the ins-and-outs of owner representation. I also have had to privilege to learn from an industry great, Ira Fishman.