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Rockland County: warehouses or bust? Building a brighter future beyond big boxes - by Paul Adler, Esq

Rockland County, nestled across the Hudson from bustling Manhattan, is at a crossroads. While the last two years have seen a boom in commercial development, it's been a one-note symphony – a monotonous chorus of rising warehouses. While these hulking structures promise short-term economic gains

HUB International releases its 2024 outlook to help owners and investors find opportunity in risk management

High interest rates and weather-related disasters will continue to have a significant effect on the real estate industry in 2024. Catastrophes and weather events, technology issues, crime and nuclear verdicts will evolve, straining profits and resulting

Lancewood Capital provides $21.5 million condo inventory loan for 1295 Madison Ave.

Manhattan, NY Lancewood Capital provided a $21.5 million condo inventory loan to finance a newly-developed condo building located at 1295 Madison Ave. in the Carnegie Hill neighborhood.

Highcap Group and Meridian Capital sell
40,000 s/f for $22 million

Manhattan, NY The original Barney’s flagship location at 115 7^thAve., has been sold, from the lender Argentic Management who took over the property after foreclosure to an undisclosed group of investors for $22 million in a closing

Sabal, Bsafal and Argo R.E. form joint venture to provide $64.5 million loan to refinance LaGuardia Plaza Hotel

Queens, NY Sabal Investment Holdings (Sabal), Bsafal Inc. (Bsafal), and Argo Real Estate (Argo), formed a joint venture partnership to provide a $64.5 million fully-funded loan to finance the conversion of the LaGuardia Plaza Hotel

Progress Capital arranges $19.7 million construction loan for self-storage facility

Rockaway, NY Kathy Anderson and Caillin Boles of Progress Capital secured a $19.725 million construction loan for the development of a self-storage facility on Rockaway Beach Blvd., owned by Dino Tomassetti, Jr. of Asset Realty & Construction Group.

Colliers arranges $38 million sale of
13,580 s/f 560 Fifth Ave.

Manhattan, NY Colliers has arranged the $38 million sale of 560 Fifth Ave. At nearly $2,800 per s/f, this sale represents the highest post-pandemic price per s/f for a full building on Fifth Ave. This is the the first time the property has sold in over 50 years

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