Front Section

Cleeman Realty Group arranges sale of 163,625 s/f Circle Road Plaza

Cicero, NY Cleeman Realty Group negotiated the sale of Circle Road Plaza, an Ollie’s anchored shopping center. This is the second time Cleeman Realty Group has sold Circle Road Plaza in the past 18 months.

Are you prepared for an audit? - by Phillip Ross

The Paycheck Protection Program (PPP), initiated during the pandemic’s height, has been a critical support mechanism for many businesses, notably within the architecture, engineering, and construction (A/E/C) services sector. Having successfully navigated

Invictus Real Estate provides $69 million
bridge loan for 158-unit Mason Gray

Brooklyn, NY Invictus Real Estate Partners closed a $69 million pre-TCO bridge loan for the Mason Gray, a 158-unit residential property in the Crown Heights neighborhood. The loan will support minor construction work required to complete the seven-story

Realterm acquires 5.4-acre industrial outdoor storage maintenance facility

Valley Cottage, NY Realterm acquired a functional industrial outdoor storage (IOS) maintenance facility at 400-500 Corporate Ct. The 37,560 s/f facility, situated on 5.4 acres, will serve as an asset in Realterm’s expanding New York

$42 million mill reuse gets $7 million C-PACE financing from Bayview PACE

Hudson, NY Bayview PACE is providing $7 million in C-PACE financing for the innovative adaptive reuse of the historic Pocketbook Factory property, to create a mixed-use hotel/hospitality/wellness/cultural space renamed Pocketbook Hudson. Commercial Property-Assessed Clean Energy financing (C-PACE)

Houlihan Lawrence appoints Rackenberg as head of commercial division

Manhattan, NY Houlihan Lawrence appointed Michael Rackenberg as the new head of its commercial division. Rackenberg has been a consistent top producer since joining Houlihan Lawrence’s Commercial team in 2013, with a proven track

Brody of Eastern Union secures $12 million to refinance 35,210 s/f industrial building

Brooklyn, NY David Brody, a loan originator with Eastern Union, has arranged $12 million toward the refinancing of a one-story, 35,210 s/f industrial building in the Williamsburg section of the city. The property includes warehouse space, office space

Delancey Street Assocs. partners with Blueground at Essex Crossing

Manhattan, NY Delancey Street Associates, a joint venture of Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group, and the Urban Investment Group within Goldman Sachs Asset Management, has partnered with Blueground, one

Avatar Financial Group provides $12.4 million financing for two high-end single-family homes

Southampton, NY Avatar Financial Group LLC (Avatar) provided $12.43 million in financing for a pair of high-end single-family homes that are under construction and 80% complete. The bridge loan will provide 100% of the capital needed to retire

Braus, Dweck and Squier of Lee & Assocs. NYC lease 3,300 s/f to L’AGENCE

Manhattan, NY Lee & Associates NYC has represented 925 Madison Avenue Inc. in a new 10-year lease with luxury clothing brand, L’AGENCE at 956 Madison Ave. on the Upper East Side. The lease consists of 1,800 s/f on the ground floor and