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Orange Bank & Trust Company to expand footprint in the Bronx in 2025

Middletown, NY According to Orange Bank & Trust Company, an economic engine of New York’s Hudson Valley for more than 132 years, they will expand its reach in the Bronx in 2025 with a new full-service branch at 3485 E. Tremont Ave

Perlman of Largo Real Estate secures $8.8 million refinancing of office and multifamily portfolio

Buffalo, NY Ned Perlman, vice president of upstate originations at Largo Real Estate Advisors, Inc. successfully refinanced an office & multifamily portfolio. The loan is secured by three residential properties featuring a total

Coscia of Largo Capital secures $1.5 million financing for retail property

Queens, NY Kevin Coscia of Largo Capital, Inc. secured financing for a 22,354 s/f neighborhood retail property. The five-year, fixed-rate loan will be amortized for 25 years. Proceeds from the loan will be used for tenant improvements in the lower unit

Delisle and Monahan of Island Associates negotiate new lease with Aldi Supermarkets

Ocala, FL Roger Delisle & Robert Monahan of Island Associates successfully negotiated a new lease agreement with Aldi Supermarkets for space at Marion Oaks Plaza. Aldi recently purchased South East Grocers

Sayage joins Forchelli Deegan Terrana LLP as a real estate associate

Uniondale, NY Forchelli Deegan Terrana LLP welcomes Jad Sayage to the firm’s Real Estate practice group as an associate. Before joining FDT, Sayage was the Managing Attorney at Sayage Law PLLC, where he concentrated

Blue Owl Capital inks 238,673 s/f
lease at RFR’s Seagram Building

Manhattan, NY Blue Owl Capital has extended its 168,597 s/f lease on the second through sixth floors by 70,076 s/f to include the 16th-19th floors. The firm will occupy 238,673 s/f at Seagram bringing the building to nearly 100% occupancy.

S3 provides $48 million construction loan for 27-unit condo development

Brooklyn, NY S3, the lending arm of Spruce Capital, originated a $48 million construction loan for the development of a 27-unit residential condominium building at 1214 Ocean Pkwy. in the Midwood neighborhood. This new project is set to offer a full suite of amenities and private outdoor spaces

Gold and Elyaszadeh of Ariel Property Advisors arrange $9.85 million sale of development site

Bronx, NY Ariel Property Advisors (Ariel) arranged the sale of 36 Bruckner Blvd., a corner development site in the Mott Haven neighborhood, for $9.85 million, or $131 per buildable s/f (BSF). An Ariel team led by senior director Jason Gold and associate director

Tishman Speyer completes $3.5 billion
refinancing for Rockefeller Center

Manhattan, NY Tishman Speyer has refinanced its iconic Rockefeller Center campus via a $3.5 billion CMBS loan, the largest issuance ever for a single office asset. Bank of America and Wells Fargo served as co-lead managers on the five-year Single Asset Single Borrower

WX hosts 2024 Woman of the Year Gala, honoring DaSilva of PIMCO Prime Real Estate

Manhattan, NY WX New York Women Executives in Real Estate (WX) hosted its Annual 2024 Woman of the Year Gala on Thursday, October 10th at The Plaza. The sold-out gala honored Peggy DaSilva, head of asset management, U.S., for PIMCO Prime Real Estate, who