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Mortgage break-up fees - by Thomas Kearns

Is a $2 million break-up fee in a term sheet for a $250 million mortgage “grossly excessive” and “not customary in the industry?” We may soon find out as a result of a lawsuit brought in New York under New York law against

MDG, Smith & Henzy Advisory, and KMX Group complete $25 million redevelopment project in Buffalo

Buffalo, NY The $25 million renovation and preservation of Buffalo’s Riverview Manor Apartments and Piotr Stadnitski Gardens has been completed. Together, the developments offer 210 affordable homes

Daniel Gale Sotheby’s Int’l. holds meetings/events to support agents

Cold Spring Harbor, NY The marketing department at Daniel Gale Sotheby’s International Realty has been busy this fall, holding meetings and events to support agent success. The first group of meetings,

AKS Capital Partners place $215 million refinance for Delancey Street Assocs. JV

Manhattan, NY Delancey Street Associates (DSA), a joint venture of L+M Development Partners, BFC Partners, Taconic Investment Partners, the Prusik Group and the Goldman Sachs Urban

Trinity Street Capital Partners negotiates $17 million acquisition financing for 230 Plaza LLC

Nanuet, NY Trinity Street Capital Partners has originated $17 million in acquisition financing for Kohl’s Plaza, located along Rte. 59 in Rockland County. The 10-year agency loan features interest only

Nelson of Avison Young launches Internet radio show, “Real Estate Investing – Live from NY”

New York, NY James Nelson, principal and head of Tri-State Investment Sales at Avison Young has launched a new internet radio show, entitled “Real Estate Investing – Live from New York,” will be hosted by Nelson and broadcast on the

Discover CREW New York event held October 24th

Manhattan, NY CREW New York (CREW NY) held its “Discover CREW New York” event on Thursday, October 24th. The event was hosted by Betty Castro, managing principal-Downtown Manhattan,

Ritter joins Meadows Office Interiors as director, new business development

New York, NY According to Meadows Office Interiors, (Meadows) Nicholas Ritter has joined the team as director, new business development. Ritter will focus on generating new business with existing customers, while

Robert Martin Co. elevates Fletcher to director of property management

Elmsford, NY Robert Martin Co. LLC promoted Jerry Fletcher to director of property management, overseeing the company’s property management related activities in Westchester and Fairfield Counties.

Davidson of JPMorgan Chase wins CoreNet award

New York, NY According to CoreNet Global, member Michael Davidson, head of global corporate real estate at JPMorgan Chase, was awarded the Corporate Real Estate (CRE) Executive of the Year Award at the CoreNet