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Meridian’s Doshi and Mehra sell 35,000 s/f building for $5.8 million

New York, NY Meridian Capital Group’s Amit Doshi and Shallini Mehra sold their exclusive listing, 2955 East 196th St., an Art Deco building located in the Pelham Bay section of the Bronx. Built in 1931, this 35,000 s/f corner property includes 37 apartments, with 220 feet of wraparound frontage. The property traded for $5.8 million

Kensington Vanguard acquires Hometown Title & Escrow

New York, NY Kensington Vanguard National Land Services (KV), one of the largest independent, full-service national title insurance agencies in the country, is pleased to announce the acquisition of Hometown Title & Escrow (Hometown Title).

Lantern Real Estate arranges $24.2 million acquisition financing for 100-unit property in Westchester County

Port Chester, NY Lantern Real Estate has secured a $24.2 million loan for the acquisition of The Mariner, a best-in-class, LEED-Silver certified, 100-unit residential property located at

Hopkins of Lynx Mortgage Bank places $600,000 financing; Beacon Bank is the lender

Charleston, SC Lynx Mortgage Bank LLC, Commercial Division has placed conventional financing for their client, Tang Enterprise of the Carolinas, LLC. Tang Enterprise of the

Stenson of Brax Realty brokers $3.5 million sale

Manhattan, NY According to Alan Stenson, senior director of locally-based investment sales brokerage firm, Brax Realty brokered the sale of a

Kaufman Dolowich & Voluck opens Westchester office

White Plains, NY Kaufman Dolowich & Voluck LLP (KDV) is expanding its presence in the New York metropolitan area with the opening of an office in Westchester, its

Urban Standard Capital places $8.7m construction loan for Spencer Developers

Brooklyn, NY Urban Standard Capital, (USC) delivered a $8.7 million construction completion loan to Spencer Developers to finish a gut renovation of a previously blighted, three-story

Completion guarantees in ground leases: What are they good for? - by Dena Cohen

There is no shortage of discussion among lawyers about the utility of completion guarantees. In a typical development ground lease, the landlord selects a developer to

Savanna secures $264 million construction financing for 141 Willoughby project

Brooklyn, NY Savanna, real estate investment manager and developer, has completed the construction financing of the 141 Willoughby St. development

Emerald Creek Capital provides $55 million loan

Manhattan, NY Real estate lender Emerald Creek Capital (ECC) closed a $55 million bridge loan on the northeastern corner of Union Sq. The loan is secured by a