Financial Digest

Macklowe Props. closes on $329m construction loan for 510 Madison

Macklowe Properties has closed on $329 million of new construction financing for 510 Madison Ave., its 30-story glass office building now ri...

Savanna Investment Management purchases $120 million in debt loans

Savanna Investment Management, LLC, has acquired $120 million in debt on seven office, residential and retail properties throughout Manhatta...

CPC's central region office completes two loans totaling $1.18m

The Community Pre-servation Corp. (CPC) has closed two loans totaling $1.18 million for rehabilitating two properties in the city's Northsid...

Hartman of Wrightwood Capital arranges $14.5 million construction loan for multifamily bldg.

Wrightwood Capital has provided $14.5 million to finance the construction of a residential property. The development, located at 70 Berry S...

1031 exchange outlook for 2008: Huge part of economy

These days it is fashionable to speak negatively about the real estate market where, until recently, pundits were still talking about only a...

Boosting sales with seller financing carries IRC section 1031 exchange cautions

With today's flooded real estate market and the growing conservative stance within the mortgage financing market, the ability of a property ...

Going green: Utilizing 1031 tax-deferred exchanges to clean up your portfolio

The "Green Movement" has quickly gone from fad to trend to global initiative. In the U.S., corporations as well as commercial and residentia...

Why the commercial mortgage market will not be the next sub-prime market

The price decreases we are witnessing in the commercial mortgage market can be partly attributed to the belief that delinquencies and losses...

Meridian Capital hires Heumann to serve as senior operating officer

Daniel Heumann has joined Meridian Capital Group LLC as their managing director, senior operating officer. Heumann, who will be based in ...

Barile of NorthEast closes $11.775m loan package for five Syracuse buildings

NorthEast Community Bank closed an $11.775 million loan package on five commercial buildings. The properties are located at: 308 Maltbie St....