Victory Capital arranges five loans totaling $15.18 million

Manhattan, NY Victory Capital has arranged financing totaling $15.18 million for five properties, according to Michael Bivona, executive man...

The term sheet: A necessary step in cutting a lease deal - by Shane O’Neill

The first written exchange between a landlord and a prospective tenant is often a term sheet1 describing the proposed deal. While we all know that the term sheet is a non-binding document (the lawyers see to that), it is the first step in the dance…

Mor of Capital Property Partners handles $4.35 million brownstone sale on behalf of Ramer and Saperstein

Brooklyn, NY According to Capital Property Partners, private real estate firm Ramer and Saperstein has acquired a four-story multifamily bro...

Sozio, McGee, and Tortorici of Ariel Property Advisors sell 9 building portfolio for $15.926 million

Brooklyn, NY Ariel Property Advisors arranged the sale of a scattered-site multifamily portfolio in the borough’s evolving neighborhoo...

Madison Realty Capital provides $38 million loan for new Midtown Manhattan hotel development

Manhattan, NY According to Madison Realty Capital, (MRC) it has closed a $38 million loan collateralized by a new hotel development situated...

Kontis and Amato of TEK Realty Advisors facilitate $11 million sale of Queens walk-up

Queens, NY TEK Realty Advisors LLC (TEKRA) has completed the sale of 29-02 23rd Ave., a four-story mixed-use building located on the southea...

CPEX sells 15,000 s/f Queens development site for $3 million; Leary, Vintonik, Dyke and Kim act for seller

Queens, NY The CPEX Development & Conversion Sales Team has sold a 15,000 s/f development site in the Astoria neighborhood for $3 millio...

Investment incentives: Tax deferral, Opportunity Zones - by Pamela Michaels and Scott Saunders

The Tax Cuts and Jobs Act (TCJA) created a new investment vehicle called an Opportunity Zone (OZ) to encourage investment into distressed and low-income communities throughout the U.S. The goal of this OZ tax incentive program is

Doshi, Cohen, Mehra and Gelernter of Besen & Associates broker $7.8 million sale of 4,812 s/f walk-up

Manhattan, NY Amit Doshi, Ron Cohen, Shallini Mehra and Shlomo Gelernter of Besen & Associates have closed the sale of 84 Second Ave. in...

Rubie and Rubie of National Standard Abstract provide title insurance for $35.791 million affordable housing faith-based development in Brooklyn

Brooklyn, NY Osei Rubie, president and Nadir Rubie, business development executive of National Standard Abstract have provided title in...