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Pembrook nears $2 billion in affordable, workforce housing loan volume

Manhattan, NY Pembrook Capital Management LLC (Pembrook), a national affordable and workforce housing lender, has originated or participated in 148 investments approaching $2 billion since its inception in 2007.

ACE Mentor Program unveils Victoria Cerami Gumption Scholarship

New York, NY The ACE Mentor Program, a non-profit organization founded by the late structural engineer Dr. Charles Thornton to guide high sc...

Broome County IDA named lead agency for Broome Technology Park SEQRA review

Union, NY The Broome County Industrial Development Agency said that the New York State Department of Environmental Conservation has designated the IDA as the lead agency for a New York State Environmental Quality Review (SEQRA) environmental impact assessment of

Perlman of Largo Real Estate secures $4. 5million first mortgage to refinance mixed-use property

Depew, NY Ned Perlman, vice president of originations at Largo Real Estate Advisors, Inc. secured a $4.5 million permanent first mortgage to refinance a mixed-use property. Perlman placed the loan with one of Largo’s correspondent life insurance companies and features a

Bayport Funding provides $2.2 million loan for multifamily property

Brooklyn, NY Bayport Funding has closed a $2.2 million acquisition and construction loan for the redevelopment of a two-family home into a five-unit multifamily property. The 4,158 s/f building, originally constructed in 1899, is located on Putnam Ave.

Raffa of Island Assocs. negotiates two leases - 2,817 s/f at 490 Wheeler Rd.

Hauppauge, NY Island Associates negotiated two new lease agreements for office space at 490 Wheeler Rd. GNP Brand Gear signed a lease and took occupancy of 1,717 s/f of office space. They design and sell eco-friendly products.

Rand Commercial sells Church of St. Ann and School property to The Westchester School for Special Children

Yonkers, NY The Church of St. Ann and School at 40 Brewster and 56 Dunston Aves. was sold to The Westchester School for Special Children. The 1.15-acre site, located in the Dunwoodie neighborhood, is improved with three buildings: an elementary school, a former

Subchapter V bankruptcy filings for multi property real estate - by Thomas Kearns

I have long been a proponent of using bankruptcy laws to workout distressed real estate. Bankruptcy courts are much faster than New York State courts are at ordering properties sold and the statutory system is more effective in resolving all open claims. Bankruptcy filings get a bad

Torch & Crown Beer Garden returns to Union Square Park

Manhattan, NY According to Torch & Crown Brewing Co. and Union Square Partnership (USP), Torch & Crown Beer Garden has returned for the 2024 season. Last year, the seasonal beer garden debuted in the popular Union Square Park Pavilion, marking the

Newmark and Cushman & Wakefield lease 11,000 s/f to Venerable at One World Trade Center

Manhattan, NY According to The Durst Organization and The Port Authority of New York and New Jersey, Venerable, an insurance and annuity company, has signed a lease for 11,000 s/f on the 49th floor of One World Trade Center.