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ERG Commercial Real Estate complete $2.435 million refinance loan

New Rochelle, NY ERG Commercial Real Estate, a Long Island based commercial real estate firm, through an affiliate, delivered a $2.435 million refinance loan to the owner of a fully leased commercial property containing seven tenants

Northmarq completes $5 million refinance of student housing property

Fredonia, NY Robert Ranieri, senior vice president/managing director of Northmarq’s White Plains-based regional office, arranged the $5 million refinance of Campus Edge at Brigham. The student housing property is a 169-unit apartment complex

Newmark facilitates $127 million financing of 575 Broadway

Manhattan, NY Newmark has arranged a $127.4 million loan for the refinancing of 575 Broadway, a mixed-use office and retail building. The Newmark team was led by vice-chairmen and co-heads of the Debt & Structured Finance team

Romer Debbas LLP closes $10.1 million conventional acquisition loan for Greystone Servicing Company LLC

Indianapolis, IN Romer Debbas, LLP, an award-winning boutique law firm that specializes in all aspects of real estate and general practice, has successfully represented Greystone Servicing Company LLC (Greystone) in the

Ariel Property Advisors arrange $33.6 million sale of multifamily portfolio

Bronx, NY Ariel Property Advisors (Ariel) arranged the $33.6 million sale of a portfolio comprised of six multifamily elevator buildings located at 111-119 Tudor Pl., 1170-1176 Walton Ave. and 309 East 164th St. in the Concourse

Forever a Zero-Sum Game? - by Michael Ferruggia

Over the past several years, New York landlords, developers, investors and lenders have been realizing the impact and market disruptions affected by the Housing Stability and Tenant Protection Act of 2019 (HSTPA). This sweeping legislative initiative

TerraCRG sells adjacent mixed-use buildings for $5.37 million

Brooklyn, NY TerraCRG, a leading commercial real estate brokerage firm, has closed on the sale of two individual mixed-use buildings adjacent to each other on Park Slope’s 5th Ave. for a total of $5.37 million. Partner

Hoffman elevated to co-chair of Real Estate Group

East Meadow, NY Jodi Hoffman, partner at Certilman Balin Adler & Hyman, LLP, has been elevated to co-chair of the firm’s Real Estate Practice Group. Managing partner Howard Stein is her co-chair

Meridian’s Doshi and Mehra sell vacant building for $4.65 million

Manhattan, NY Meridian’s Amit Doshi and Shallini Mehra closed on 356 West 48th St., a vacant five-story residential building. The 9,900 s/f property is currently configured with 21 apartments and has been vacant

Property Resources Corportation appoints Matt Linde CEO and Ben Linde COO

Property Resources Corporation (PRC), a leading New York City affordable housing developer founded in 1971, named principals Matt Linde, CEO, and Ben Linde, COO. In these roles, they will oversee the company’s strategic vision and expand its affordable and market-rate development portfolio while managing day-to-day operations