Front Section

Romer Debbas, LLP’s commercial lending group closes four loans totaling $95 million

Queens, NY Romer Debbas, LLP negotiated the following loan closings. The first was for a regional lender for a $27 million mortgage loan with an interest rate swap to refinance an existing loan secured in part by a property operated as a hotel franchise consisting of 166 guest rooms

Anchin brought together industry experts for the 18th Annual State of the Construction Industry event

Manhattan, NY Accounting, tax and advisory firm, Anchin, held its 18th annual State of the Construction Industry breakfast reception and event on Tuesday, November 2nd at Club 101. The event was also sponsored by New York Building Congress (NYBC), the American Council of Engineering

Lo hired as director to lead new practice at Empire Valuation Consultants

Manhattan, NY Empire Valuation Consultants, one of the nation’s leading independent valuation consulting firms, is launching a new practice group offering real estate valuation services. Under the directorship of Roslyn Lo, a veteran valuation appraiser, the real estate valuation services

Shawmut Design and Construction completes Brooklyn Public Library’s new Sunset Park Branch

Brooklyn, NY Shawmut Design and Construction, a leading $1.3 billion national construction management firm, has completed Brooklyn Public Library’s (BPL) newest branch at Sunset Park Library and Apartments. The historic project, the first of its kind in New York City, establishes

KZA Realty Group closes on day
care/pre-school facility - $1.2 million

Bronx, NY KZA Realty closed on a real estate transaction at 1420 Burke Ave. Kathy Zamechansky, president of KZA Realty Group represented the owner, Christine DeGennarro of Burke Avenue LLC and also represented

KeyBank provides $41.2 million financing
for 193-unit Tompkins Terrace

Beacon, NY KeyBank Community Development Lending and Investment (CDLI) provided $17.1 million in Low Income Housing Tax Credit (LIHTC) equity and a $24.1 million permanent loan through the Fannie Mae forward MBS Tax-Exempt Bond (MTEB) program for the acquisition and rehabilitation

Ariel Property Advisors arranges $19.1 million sale of mixed-use property

Bronx, NY Ariel Property Advisors (Ariel) has brokered the $19.1 million sale of an affordable multi-family and commercial property at 950 Westchester Ave. in the Longwood neighborhood.

Gopan of Simone Development Companies leases 110,300 s/f warehouse to ReadySpaces

Mount Vernon, NY Simone Development Companies has made public that ReadySpaces, a warehouse storage provider for small businesses, has signed a long-term lease for the entire 110,300 s/f building at 250 East Sandford Blvd.

JLL Capital Markets arranges $72.5 million construction loan for multi-housing

Brooklyn, NY JLL Capital Markets has arranged $72.5 million in construction financing for 544 Carroll St., a 17-story ground-up class A multi-housing development in the Gowanus neighborhood.

Williams Equities completes 66,000 s/f relocation/expansion at 28 & 40 West 23rd St.

Manhattan, NY Williams Equities has completed a long-term, 66,000 s/f relocation and expansion with Ramp, the finance automation platform, at the ownership group’s 28 & 40 West 23rd St. property in Midtown South.