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REAL New York achieves $1 billion in sales and finds homes for over 100,000 New Yorkers

Manhattan, NY REAL New York celebrates more than 10 years in business and its growth, achieving $1 billion in sales and finding a home for more than 100,000 New Yorkers since its inception. Started by Robert Rahmanian and Louis Adler focused on rentals in the Lower East Side

Santander Bank, N.A. servicing assets in $9 billion portfolio formerly owned by Signature Bank

New York, NY Santander Bank, N.A. is servicing 100% of the assets in a $9 billion portfolio of New York-based, multifamily real estate assets formerly owned by Signature Bank. In December 2023, Santander Bank closed a transaction with the FDIC to participate in a joint

Executive of the Month: Question and answer with
David Wilkes, partner at Cullen and Dykman

You recently moved your practice to a larger firm with a more diverse practice. Why Cullen and Dykman for property tax?
This area of law and services is at a key moment of great change that will no longer be the domain of a handful of boutique firms that

The 721 Exchange UPREIT exit strategy for Delaware Statutory Trust investors explained - by Dwight Katy

One of the most important questions Delaware Statutory Trust real estate investors need to ask themselves is, “What is my long-term, exit strategy?” Most Delaware Statutory Trust (DST) investments are typically held for approximately 5-10 years

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.

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