Mount Vernon, NY
Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains office arranged the $800,000 refinance of Canterbury Commons. The 20-unit senior housing property is located on South Columbus Ave.Lindenhurst, NY
According to Silber Investment Properties, (SIP) a 20,000 s/f property located at 136 Sunrise Hwy. has been sold for $1.2 million (6.6% cap). The transaction occurred between two local Long Island investors, The Deperte Family (seller) and Brooklyn, NY
Walker & Dunlop, Inc. arranged $82 million in permanent financing for 158-unit Clover House, a newly renovated apartment complex in the Brooklyn Heights neighborhood.Rochester, NY
SWBR has been recognized by the Landmark Society of Western New York with a 2019 Stewardship Award for its work restoring Our Lady of Victory church. The annual award is given to individuals and organizations
A&E Real Estate Holdings bought the 539-unit Kestenbaum Family Portfolio in Rego Park for $129.5 million. The price equates to $239,425 per unit at a 5% cap rate. The portfolio includes 568,276 s/f and 238,262 buildable s/f.What are your predictions for commercial real estate in 2020?
Commercial real estate will contend with the legislative changes which appear to have diminished the multifamily investment sales market. What are your predictions for commercial real estate in 2020?
Transactionally I believe the commercial real estate market will remain stagnant. The ink is barely dry on the new rent regulations and Manhattan, NY
According to Jonathan Aghravi of JBA Equities, his team has secured a $135 million financing package for the Mondrian Park Ave. hotel located at 444 Park Ave. South. Aghravi and his team consisting of Charles Han and Eli Terry, along with Tal Bar-or of Lantern Real Estate, represented
Safehold Inc. has closed on the acquisition of the existing ground lease at 425 Park Ave. for $620 million. In connection with this transaction, the company entered into a joint venture agreement with a sovereign wealth fund inNew York City, Connect Opportunity Zone Conference, Harvard Club, October 22nd, continued:
As December 31st
(a mini-“D-Day”) approaches for the OZ program (very “mini” in the opinion of many), and the U.S. Treasury Department works on the