Westbury, NY Mark Timpone of Metro Realty Services sold 25,537 s/f at 120 New York Ave. to Richard Lin for $7 million. Timpone represented the seller, Timothy Beaumont, and Dan Gazzola of Newmark represented the buyer.
Spring Valley, NY The Kislak Company, Inc. negotiated the off-market sale of a 29-unit multifamily property at 15 West Funston Ave. for $3.4 million.
Brooklyn, NY Bayport Funding has provided a $6.3 million bridge loan for a 16-unit multifamily building in Bedford-Stuyvesant. Located on Franklin Ave., the property will comprise 11,500 s/f and offer studios and two-bedroom units.
New City, NY Rand Commercial, congratulates Paul Adler, Esq., SIOR and Samuel Adler for receiving the Hudson Valley Chapter of the New York State Commercial Association of Realtors Economic Development Dealmakers (HV West) award for 2023.
With interest rates for commercial loans at levels not seen since the 1990s, origination activity has trickled to a standstill for most commercial real estate and commercial and industrial loans, as credit and underwriting standards have tightened and borrowers are trying to wait it out until interest
Manhattan, NY According to The Durst Organization and The Port Authority of New York and New Jersey, ECP, a leading energy transition-focused investor, is expanding its footprint at One World Trade Center to 26,292 s/f,
Manhattan, NY According to Manhattan Skyline Management Corp., men’s luxury reseller, 4GSeller, has signed a lease for a new location at 107 Sullivan St. between Prince and Spring Sts. in SoHo.
Manhattan, NY New York City real estate professionals’ confidence in the city’s short-term future dropped by a quarter since last year, while pessimism tripled, according to a survey conducted by the law firm of
Manhattan, NY Qwincy, Inc. unveiled a new technology platform that redefines how private deals are shared and managed in commercial real estate. The new approach is called Collaborative Dealflow Management (CDM).
Manhattan, NY Savills has appointed David Lipson as CEO of Savills North America. Lipson, who has served as the global advisory firm’s North American president since 2021, will succeed Mitchell Rudin
