Phillips of Largo Capital arranges $4 million in financing for industrial property

Sherrill, NY Jack Phillips, Principal at Largo Capital, arranged $4 million in permanent financing for an industrial property

Three more students receive computers thanks to Breakfast Club Group

White Plains, NY On Sunday, March 26th, the Breakfast Club Group, a network of real estate professionals, donated three Dell laptops to area students to help further their studies and contribute to their available educational resources. The Board of First Baptist Church of White Plains in conjunction with Misión Bautista Hispana

The Corbin Group at Rosewood Realty sells development site at 25-16 37th Ave. in Queens for $14.12 million

Queens, NY The Corbin Group at Rosewood Realty has delivered a Chapter-11 bankruptcy sale of a stalled construction development site in Long Island City for $14.12 million. The buyer’s plan for the site at 25-16 37^th Ave. calls for building 38

Rockabill Development and Goddard Riverside secure $38 million to build permanent supportive housing

Manhattan, NY Rockabill Development and Goddard Riverside have closed on $38 million in financing to transform an illegal transient hotel on the Upper West Side into permanent supportive housing to serve single adults with a history of chronic homelessness.

Message from the president of Real Estate Board of New York - by James Whelan

The latest phase of New York City’s economic recovery has shown how vital the real estate industry is for the region’s vibrancy. Thanks to the hard work of thousands of real estate professionals, New York City continues to be an attractive place to live and work.

Kornbluh joins Adler & Stachenfeld as partner

Manhattan, NY Joseph Kornbluh has joined Adler & Stachenfeld LLP (A&S) as a partner in the corporate real estate/joint venture practice group. Adler & Stachenfeld has one of the largest real estate law practices in New York City,

Cotsalas and Delitsky of Northmarq secure $26 million refinance

Manhattan, NY Chuck Cotsalas, senior vice president/senior director in Northmarq’s Long Island office, and Robert Delitsky, senior vice president/managing director in New York City’s office, have arranged a $26 million loan secured through luxury

Four ways to use Delaware Statutory Trusts for your 1031 Exchange - by Dwight Kay

Regardless of what economic trends are taking place, Delaware Statutory Trusts provide investors four timeless benefits for their 1031 Exchanges including deferring capital gains taxes, eliminating the headaches of active management (think the three T’s: tenants, toilets, and trash), and

Bayport Funding provides $7.02 million bridge loan

Brooklyn, NY Bayport Funding has delivered a $7.02 million bridge loan to support the ground-up construction of 1218-1222 Putnam Ave. in Bushwick. Developed by 1222 Putnam Development Inc., this 21-unit, four-story multifamily building will help satisfy the demand

Cushman & Wakefield and JRT Realty Group lease 3,380 s/f to Shake Shack in Penn Station

Manhattan, NY Cushman & Wakefield and JRT Realty Group arranged a long-term, 3,380 s/f lease with Vornado Realty Trust for Shake Shack in Penn Station, on the corner of 33^rd St. and Seventh Ave.