After years of reading about online auctions I finally had a client win one last week. The experience was a bit unnerving as, by design, the bidder and the bidder’s counsel have very limited insight or input into the auction process. A non-negotiable purchase and sale
Manhattan, NY Denham Wolf Real Estate Services hired Maddie McLaughlin as a senior associate in project management services. As a senior associate, McLaughlin supports Denham Wolf’s clients and project management staff from the project’s onset and
Manhattan, NY SL Green Realty Corp. sold a 49.9% interest in 245 Park Ave. to a U.S. affiliate of Mori Trust Co., Ltd. at a gross asset valuation of $2 billion.
Brooklyn, NY JLL Capital Markets has arranged the capitalization of 55 Willoughby, a 268,000 s/f, mixed-use development that will feature 295 apartments and 3,500 s/f of retail space.
New Paltz, NY The Oak & Avery Group negotiated the sale of two mixed-use properties in Ulster County totaling $3.925 million: • 71 Main St., New Paltz, a 6,600 s/f office-retail building purchased by a local owner-user,
Altamont, NY Greyhill Group has acquired Mill Hollow Apartments, an 84-unit multifamily property at 48 Bavarian Way. The class-A apartment complex is located about 20 miles west of Albany.
With summer now in full swing, it’s time to reflect on the first half of 2023. It has been one heck of a ride. The CRE news cycle during the last six months has been dominated by rising interest rates, predictions of a looming recession, a regional banking crisis, office
Brooklyn, NY Invictus Real Estate Partners has closed a $62.25 million construction loan for a 162,000 s/f mixed-use development project in the Prospect Lefferts Gardens neighborhood. The loan will support the construction of the seven-story building
Bronx, NY Wavecrest Equities has purchased a portfolio of five buildings in the Little Italy section of the city for $28 million and assumed two existing loans on the properties totaling $20 million.
Manhattan, NY Blake Okland has joined Greystone as chief revenue officer. In this newly created role, Okland will focus on scaling Greystone’s industry-leading multifamily financing offerings and investor relationships and further leverage
