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Ranieri of NorthMarq completes $800,000 refinance of Canterbury Commons

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.

Ciafardoni and Sass of Silber Investment Properties handle $1.2 million sale

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

Walker & Dunlop places $82 million in financing

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.

SWBR recognized with Landmark Society Award for church restoration

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 acquires 539-unit Queens portfolio for $129.5 million

Queens, NY 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.

2019 Year in Review: Harry Zlokower, Zlokower Company Public Relations

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.

2019 Year in Review: Jake Blatter, KFIR Capital

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

JBA Equities closes $135 million financing package for Mondrian Park Ave. Hotel in Manhattan

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. closes acquisition of existing ground lease at 425 Park Ave. for $620 million

Manhattan, NY 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 in

The Wizard of OZ (that’s “Opportunity Zones”): Kowalski on What’s Next From Treasury, Part 2 of 2 by Flanigan

New 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