New York City

PPPs will be an important part of the capital stack for real estate development projects - by Michael Zysman

A good portion of the real estate development projects I work on at City Bay Capital have some level of Public-Private Partnership (PPP) in their capital stack. Development projects may contain one or many of the following government programs: tax abatements,

RXR Realty welcomes chef Urbina to 475 Clermont

Brooklyn, NY RXR Realty, a leading real estate owner, operator, and developer in the New York Tri-State area, in partnership with Resident, a locally-based hospitality startup

Despite COVID-19 and the lockdown, real estate taxes will still come due - Peter Blond

Most of the world has changed considerably since my last article in January. Governmental ineffectiveness, however, is unfortunately the main holdover tenant from the world as we knew it. In New York City that starts with the mayor and City Council.

Naftali Credit Partners closes $62.85 million construction loan for 208 Delancey St.

Manhattan, NY Naftali Credit Partners, a subsidiary of Naftali Group, closed a $62.85 million construction loan for 208 Delancey St., the 12-story boutique condominium development on

JLL sells 10,560 s/f for $10.85 million on behalf of GAK Properties LLC

Manhattan, NY JLL Capital Markets completed the sale of 219-221 East 59th St., two contiguous, mixed-use properties in the Midtown East submarket, for GAK Properties LLC. Cofinance Inc.,

Federal Realty Investment Trust partners with Applebees
to give meals to New York Presbyterian Hospital

Queens, NY Fresh Meadows Place owner Federal Realty Investment Trust has partnered with tenant Applebee’s Grill + Bar to provide 60 breakfasts for the next 30 days to staff at nearby New York Presbyterian Hospital. The hard-working

Marcus & Millichap completes $16.76m sale of Queens multifamily

Queens, NY Marcus & Millichap  has completed the sale of 31-65 29th St., a multifamily building located in the Astoria neighborhood, according to John Krueger, vice president and regional manager of the

Rockport Mortgage places $38.6 million refinance

Brooklyn, NY Rockport Mortgage Corp. closed a FHA Section 223(f) refinancing loan of $38.6 million for Union Street Houses. The property is owned by Scott Jaffee,

Meridian Capital Group arranges $43.3 million for 5-building portfolio; loan by Capital One Multifamily Finance

New York, NY Meridian Capital Group arranged $43.3 million in financing for a five-building multifamily portfolio located throughout Manhattan and the Bronx. The 10-year Fannie Mae loan, provided by Capital One Multifamily Finance, features a rate of

Economic relief for non-profit organizations through the Paycheck Protection Program - by Jodi Warren

In response to the 2020 Coronavirus pandemic, President Trump signed into law, a $2.2 trillion economic stimulus program called the Coronavirus Aid, Relief, and Economic Security Act (“Cares Act”). The Cares Act