Ariel Property Advisors enjoyed a busy year. Our focus in 2018 has been on strengthening our internal structure, culture and collaboration. We want to make sure that our clients can leverage our resources, expertise and execution, and therefore, internal teamwork and the implementation of several key processes was crucial for us. Our mission remains the same: Provide real estate expertise that empowers clients, employees, and communities.
Queens, NY Associate John Bues of Forchelli Deegan Terrana LLP was honored by Schneps Communications, publishers of the Courier chain of newspapers which includes the Long Island Press, as a King of Queens.
Queens, NY On Thursday, November 15th, Greater Jamaica Development Corp. (GJDC) celebrated 50 years of trailblazing leadership at its “Golden Era Gala,” which was hosted at Battery Gardens in Battery Park.
Manhattan, NY Newmark Knight Frank’s Debt & Structured Finance team has secured $23.5 million in refinancing on behalf of Stone Street Properties (SSP) for 16 East 18th St. The NKF team was led by vice chairmen Dustin Stolly and Jordan Roeschlaub and included senior managing director Daniel Fromm and associate director Josh Egert.
Bronx, NY S3 Capital Partners has originated a $75 million construction loan for 210 East 135th St. The property is situated on a 48,976 s/f lot and has a gross buildable of 315,000 s/f. The financing will fund the development of 237 residential rental apartments and a 3,000 s/f commercial space. The property is located in the much sought-after Mott Haven neighborhood. Construction is ongoing and foundation work has been completed.
Brooklyn, NY Meridian Capital Group arranged $11.3 million in financing for the construction of a multifamily development on behalf of Residential Development Group.