Financial Digest

Herzog, Braddish and Gaccione of CBRE arrange $11.6 million

Senior VP Max Herzog, executive VP Keith Braddish and VP Jason Gaccione, of CBRE's capital markets group, has secured two loans, totaling $1...

Hartman of Wrightwood secures $17.5 million acquisition financing

Wrightwood Capital has provided $17.5 million to finance the acquisition of two buildings. The property, located at 44 Berry St., has two va...

Krolman, LaBine and Fowler of HFF secure $960m loan for borrower

The Boston and New York offices of Holliday Fenoglio Fowler, L.P. (HFF) arranged a $960 million loan for a portfolio of 34 single-tenant off...

Berman joins Gramercy as senior VP, leasing and portfolio management

According to Gramercy Capital Corp., Michael Berman has joined its Gramercy Realty division as senior VP, leasing and portfolio management. ...

GCP Capital arranges a total of $129.475 million in mtge. financings

GCP Capital Group LLC, has arranged mortgage financing in the amount of $129.475 million for the following properties: * $30 million for a 1...

NorthMarq's VanIseghem arranges $4.6m for two self-storage properties

Nancy VanIseghem, VP of NorthMarq Capital, Inc.'s upstate New York regional office, arranged first mortgage financing in the combined amount...

York of Arbor originates $15 million loan to acquire a 27-unit complex

Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, funded a $15 million loan under the Arbor 85 pro...

NCB arranges $38m for 20 N.Y. props.

NCB originated $38 million in financing for 20 area properties. The financings included $33.5 million in mortgages and $4.9 million in lines...

The benefits of using a construction or improvement 1031 tax-deferred exchange

Wouldn't it be great to start construction on raw land or make needed repairs to a building that you don't own yet, and use those improvemen...

Safe harbor for harbor-view property: Documenting use of the property is very important

On February 15, the Internal Revenue Service (IRS) released Revenue Procedure 2008-16 (the Revenue Procedure), stating in Section 2.06 there...