Search
Story results for:
Sunset Park: Demand to increase for assets as new rent regulation laws pivot investors’ focus - by...
July 16, 2019
Real estate investors have become increasingly optimistic about Sunset Park’s industrial and warehouse assets, motivated by the neighborhood’s proximity to major thoroughfares and relative affordability. With New York’s new rent regulation laws expected to dampen demand for multifamily...
Banks retires from REBNY; Whelan is new president
July 16, 2019
New York, NY According to the Real Estate Board of New York (REBNY), its president, John Banks, will retire after five years of service to REBNY and 33 years in the private and public sectors. The REBNY board of governors confirmed Jim Whelan as new president...
Hollander and King promoted to serve as vice chairmen at CBRE; Both recognized as top producers at ...
July 16, 2019
New York, NY According to CBRE, David Hollander, a 25-year veteran of the firm, and Neil King, with 12 years at the company, have been promoted to vice chairmen. Both have been consistently recognized as top producers within CBRE.
HKS Real Estate Advisors completes four loans totaling $17.95 million
July 16, 2019
New York, NY HKS Real Estate Advisors, a financial advisory and investment sales firm, has arranged the following four transactions in the residential and commercial real estate market totaling $17.95 million: A $8.15 million construction loan for the ground-up development of
Stolly, Roeschlaub, Fromm and Scribani of Newmark Knight Frank arranges $52 million floating-rate lo...
July 16, 2019
Manhattan, NY Newmark Knight Frank has arranged a $52 million floating-rate loan for the refinancing of 263 West 34th St. A Newmark Knight Frank team of vice chairmen and co-heads of debt...
Burk of Meridian Investment Sales brokers $5.1 million
sale of five-story, 20-unit Brooklyn mult...
July 12, 2019
Brooklyn, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold a multifamily property ifor $5.1 million. Director, Scott Burk, arranged the transaction and represented the buyer.
Mariutti joins HFF as a director in New York office
July 16, 2019
Manhattan, NY Holliday Fenoglio Fowler, L.P. (HFF) has expanded its debt and equity placement team with the addition of Jillian Mariutti as a director within its New York office. Mariutti has 12 years of commercial real estate experience and joins HFF from Mission Capital Advisors...
More, Hirt, and Henn of Mission Capital Advisors arrange $15.2 million first mortgage refinance for ...
July 16, 2019
Brooklyn, NY Mission Capital Advisors’ debt and equity finance group has arranged $15.2 million of first-mortgage financing for The Box Factory, redeveloped into creative office and flex space. Located on the Brooklyn/Queens border in Bushwick
GCP Capital Group arranges six mortgages totaling $26.95 million
July 16, 2019
New York, NY GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $26.95 million for the following six properties:
• $8.2 million combined financing for a portfolio of seven multifamily apartment....
S3 Capital originates $140 million construction loan for Chess Builders; arranged by Filler of Merid...
July 16, 2019
Bronx, NY S3 Capital Partners has originated a $140 million construction loan for Chess Builders and its new development at 210 East 135th St. The financing will drive the construction of two 25-story towers, consisting of 430 rental units (of which 129 are affordable), 24 hotel rooms, 5,000 commercial s/f and 210 parking spaces.
City Urban Realty refinances 243 Canal Street with $21 million loan from Signature Bank
July 16, 2019
Manhattan, NY Michael Alvandi’s City Urban Realty and Stellar Management have completed a refinance of 243 Canal St. Signature Bank provided a $21 million loan which included a $2.5 million gap mortgage. GCP Capital Group’s Alan Perlmutter negotiated the financing.
Eastdil Secured arranges $240M refinance of ALTA+ in LIC; Kapahi of HKS acts as advisor to Simon Bar...
July 16, 2019
Queens, NY Affiliates of Simon Baron Development Group LLC have closed on a $240 million refinancing of ALTA+, a 467-unit building located at 29-22 Northern Blvd. in Long Island City. The lenders were Société Générale and Deutsche Pfandbriefbank (PBB).
Sabet and Sarraf of Venture Capital broker $11.95 million
July 16, 2019
Manhattan, NY Ryan Sabet and Yoel Sarraf of Venture Capital Properties represented the buyer, in the $11.95 million sale of 223 East 89th St.
BRG completes three Brooklyn sales totaling $5.61 million; Includes $2.75 million by Bestreich, Spro...
July 16, 2019
Brooklyn, NY Bestreich Realty Group (BRG) has arranged three sales totaling $5.61 million. The deals include the following: The $1.76 million sale of 29 Devoe St.in the Williamsburg section. The 5,000 buildable s/f development lot site measures 25 x 100 ft. and is zoned R6B with
The Housing Stability and Tenant Act of 2019 - by Andrew Dansker
July 16, 2019
The Housing Stability and Tenant Protection Act of 2019 which was passed by the NYS legislature on June 11th caused a seismic shift in the NY housing market. While the intention of the sponsors, ostensibly the alleviation of the ills of NY’s chronically under-supplied housing market, and the efficacy of their chosen...
Someck and Myers of Lee NYC sublease 20,800 s/f
July 16, 2019
Manhattan, NY Lee & Associates NYC (Lee NYC) has brokered two leases totaling 20,800 s/f. In the first lease, Dennis Someck, executive managing director/principal, and Justin Myers, senior managing director/principal, of Lee & Associates NYC represented the tenant, Ceros, in a seven-year...
Stewart, Biedron and Bell of Marcus & Millichap complete $9.5 million sale of five-story office buil...
July 16, 2019
Manhattan, NY Marcus & Millichap has completed the sale of a five-story office building located at 32 East 39th St., according to John Krueger, vice president and regional manager of the firm’s Manhattan office. John Stewart, Nicholas Biedron, and Stephen Bell...
Rosewood Realty Group brokers four sales totaling $107.69 million; Includes a $77 million sale of a ...
July 16, 2019
New York, NY Rosewood Realy Group has arranged four sales totaling $107.69 million in the NY metro area. In the first deal, Camber Property Group and Belveron Partners purchased a 400-unit apartment building in the Highbridge section of the Bronx for $77 million, with plans to bring all the units back to affordable housing.
Ariel Property Advisors/Keen-Summit hired for bankruptcy sale of One Bennett Park
July 2, 2019
New York, NY It has been over a decade in the making, but after much litigation and controversy, the highly-anticipated resolution of One Bennett Park in Northern Manhattan’s Hudson Heights has finally arrived. Otherwise known as 29 Overlook Terrace...
ACEC NY honors ACE Mentor of Greater NY with Chairman’s Award; Engineer of the Year is Gozdziewski...
July 2, 2019
New York, NY The American Council of Engineering Companies of NY (ACEC NY) presented the 2019 Chairman’s Award to the ACE Mentor Program of Greater NY. This award was presented at the council's annual meeting and awards luncheon at the Union League Club on June 5th.