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CPC Mtge. close $9m Freddie Mac financing

New Rochelle, NY CPC Mortgage Company LLC, a subsidiary of The Community Preservation Corp. (CPC), Palladium Management, and Westhab closed a $9 million Freddie Mac Optigo Targeted Affordable Housing (TAH) loan to refinance

Suminski and Pietropaoli of KeyBank RE Capital secure $47.2 million total to refinance nine Upstate properties

Rochester, NY KeyBank Real Estate Capital (KBREC) secured $40.8 million of fixed-rate Freddie Mac financing and $6.4 million of fixed-rate financing for a locally-based real estate company to refinance six multifamily properties and

TD Bank provides $35.3 million bank financing for Dayspring Commons, 63-unit project by Westhab

Yonkers, NY TD Bank closed on $35.3 million in bank financing used by Westhab to fund the construction of the Dayspring Commons Campus, located at 227 Elm St. The apartment building and community center will address the issue

Axxis Real Estate arranges $2.1 million sale of 3,000 s/f former diner

Brooklyn, NY A Bay Ridge building that formerly was home to the Lighthouse Diner has been sold to a local investor for $2.1 million, according to Axxis Real Estate LLC, which arranged the transaction.

Bestreich Realty Group closes three sales totaling $3.445 million

Brooklyn, NY Bestreich Realty Group (BRG) has closed the following transactions: 732 Greene Ave. in the Bedford-Stuyvesant neighborhood sold for $1.65 million. The property is built 21.33 ft. x 65 ft., with 5,548 s/f. It sits on a

Rosenberg & Estis, P.C. represents Whittle School & Studios in 620,000 s/f

Brooklyn, NY Rosenberg & Estis, P.C. represented Whittle School & Studios in completing a 20-year lease for the entire 10-story 620,000 s/f space at The Wheeler Building at 181 Livingston St., a tower built over

SWBR wins NAIOP award for RIT MAGIC Spell Studios

Rochester, NY SWBR was recognized at the 2019 NAIOP Upstate New York Chapter Awards of Excellence ceremony for its design work on Rochester Institute of Technology’s MAGIC Spell Studios. Recognized with the Best

Polsinelli, Cardillo of Compass sell 50,000 s/f development site

Brooklyn, NY Adelaide Polsinelli, vice chair of Compass and the newly launched investment sales division, along with Michael Cardillo also of Compass, arranged the sale of 2673-2675 Atlantic Ave. in Cypress Hills, in the East New York

Brookfield Properties signs National Grid to 2 Hanson Pl.; Cushman & Wakefield acts for tenant

Brooklyn, NY According to Brookfield Properties, National Grid has signed a 15-year, 87,000 s/f lease at 2 Hanson Pl. National Grid is designing a workspace at the building in response to the changing expectations of

YM/WREA appoints new board, hosts Hoo of Cove Prop. Group

New York, NY On Tuesday, January 14th, the Young Men’s/Women’s Real Estate Association of New York (YM/WREA) Kevin Hoo, Managing Partner, Cove Property Group, at The University Club for a real estate discussion.