SFG closes $62 million

Specialty Finance Group, LLC a subsidiary of The Bankers Bank, has closed a $62 million construction/mini perm loan to fund the development of a new Staybridge Suites hotel to be built in New York's Times Sq. district by 340-344 Realty LLC. Set to open in April of 2009, the 32-story extended stay hotel will feature 310 studio suites. The ground floor features the hotel's main entrance and includes the hotel's restaurant, bar and business center. The hotel's cellar level houses a 1,000 s/f meeting room, a library, a home theatre, and an exercise room. Floors 2 through 32 will contain 10 guest units each, 8 king studios and 2 double/double studios.

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Investment Property Realty Group represents The Vaja Group in $26.4 million acquisition of fully entitled Astoria development site

Queens, NY Investment Property Realty Group (IPRG) arranged The Vaja Group’s $26.39 million acquisition of 24-41 31st St., a fully entitled development site in Astoria. The 29,638 s/f site traded for $176 per buildable s/f.

Lee & Associates NYC arranges 14,000 s/f Midtown office lease for Julie Vos

Lee & Associates NYC arranges 14,000 s/f office lease for Julie Vos

Aaron of Horvath & Tremblay sells 10-unit mixed-use building at 168 Suffolk St.

Aaron of Horvath & Tremblay sells 168 Suffolk St.

Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Marcus & Millichap brokers sale of free-market mixed-use property in Brooklyn

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

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JLL arranges $140m refinancing for a continuation vehicle of 8-property self-storage portfolio formed between Ardent Cos. and StepStone R.E.

Columns and Thought Leadership

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