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

The Moinian Group leases 3,000 s/f to Bodyrok

Manhattan, NY The Moinian Group signed a 3,000 s/f lease renewal with Bodyrok, a Pilates-inspired strength training and fitness studio at 10 West 18^th St. in the Flatiron district.