Front Section

LISC NYC completes 2.4 million construction loan deal for 200+ units of afforable housing

New York, NY Twelve properties just south of Crotona Park will soon undergo rehabilitation and renovation work in an effort to enhance the quality of life of hundreds of Bronx residents. With a $2.4 million

The Ground Lease REIT has acquired and leased the Hudson Hotel under a 99-year ground lease

New York, NY Montgomery Street Partners (“MSP”), a diversified commercial real estate investment firm has formed The Ground Lease REIT (“GLR” or the “REIT”) a dedicated vehicle focused on the origination

Fried Frank reps. JV in acquisition and financing of waterfront residential development

New York, NY Fried Frank acted as counsel to a joint venture of Atlas Capital Group (Atlas), Zeckendorf Development (Zeckendorf), and the Baupost Group (Baupost) in connection with the acquisition and mortgage

REBNY announces nominees for 24th Annual Retail Deal of the Year awards competition

New York, NY The Real Estate Board of New York (REBNY) has announced the eleven retail deals of 2021 that will compete for the annual Retail Deal of the Year Awards

Commercial Classroom: Triple Net Investments by Edward Smith

Given the post-pandemic period many feel we are in, where should investors invest their money? Retail space seems to be filling up more but with contracted rents and shorter leases. Office space is basically in the same position

Moruzzi joins CBRE's Valuation & Advisory Services team

New York, NY According to CBRE, Kristie Moruzzi has joined its Valuation & Advisory Services (VAS) team as senior client account executive, Property Tax Services. Moruzzi will serve the greater New York City

Liebersohn and Mirante join Savills

New York, NY Savills have added Mitti Liebersohn and Arthur Mirante, II, two commercial real estate professionals, as chairman, New York brokerage and vice chairman, North America, respectively. Liebersohn and Mirante

AdaptHealth signs 13,000+ s/f lease expansion at Simone Dev.'s 1185 Commerce Ave.

Bronx, NY According to Simone Development Companies, AdaptHealth has signed a 13,256 s/f lease expansion and renewal at Simone's 1185 Commerce Ave. building. AdaptHealth is expanding its footprint

George Comfort & Sons signs 32,000 s/f of leases at 44 Wall St.

New York, NYGeorge Comfort & Sons, on behalf of the 44 Wall St. ownership, have completed lease agreements totaling nearly 32,000 s/f have been signed with both existing and new tenants

Metroloft and Silverstein Properties acquire 55 Broad St.

New York, NY Fried Frank acted as counsel to a joint venture between Metroloft and Silverstein on the acquisition of 55 Broad St. in Manhattan for US$180 million. 55 Broad St. is a 30-story, 406,025 s/f office building, situated in the Financial District. Fried Frank