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Manhattan, NY Meridian Capital Group arranged $68 million in financing for the Vitre condominium tower on behalf of Wonderworks Construction and their partners. The 24-month condo inventory loan is secured by this 48-unit development and was provided by a balance sheet lender and features full-term interest-only payments. This transaction was negotiated by Meridian senior managing directors Morris Betesh and Tamir Kazaz, and vice president, Alex Bailkin.

White Plains, NY The boards of directors of the Hudson Valley Economic Development Corporation (HVEDC) and the Westchester County Association (WCA) will pursue a merger of the two organizations, creating a leading economic development and business advocacy organization in New York State.

Hewlett Harbor, NY Gerald Morganstern, prominent New York commercial real estate attorney and industry leader, died Tuesday, January 29, at his home. He was 76 years old. Since 2014, Morganstern was partner at the New York law firm Goetz Fitzpatrick LLP, where he handled commercial and retail leasing of office, showroom, industrial and shopping centers and represented clients in the purchase, finance and sale of real estate. He also administered numerous estates and trusts.

New York, NY At the Real Estate Board of New York’s (REBNY) 123rd Annual Banquet on January 17th, New York City’s real estate industry gathered with city and state dignitaries to honor the professional and civic achievements

GeoData Plus is a real estate data provider for all 50 states, used by thousands of real estate practitioners including appraisers, brokers, lenders, and investors. It is best known as a provider of real estate comparables and its nationwide foreclosure database.

New York, NY After federal tax reform introduced the Opportunity Zone program in late 2017, a significant portion of the New York City real estate community evolved their investment strategies with an eye toward developing in these areas, according to GFI Realty Services’ most recent research report. The report, entitled The Land of Opportunity Zones, explains the various criteria that must be met by investors seeking to capitalize on the program, while detailing the growth of transaction activity and fund formation related to these areas. With interest in these opportunity zones increasing rapidly, the report notes, it is not surprising that, on a national level, sales of development sites in opportunity zones spiked by 80 percent in the first three quarters of 2018 when compared to the same period last year.