Category: Brokerage
Phillips of Largo Real Estate secures $2 million permanent first mortgage
November 26, 2024
Buffalo, NY Jack Phillips, Principal at Largo Real Estate Advisors, Inc. secured a permanent first mortgage on an unencumbered industrial property. The property is located near Interstate 90 and features dock doors and warehouse space
Shawmut Design and Construction builds out Large Project Division in New York Metro Region
November 26, 2024
Shawmut Design and Construction, a leading $2 billion national construction management firm, has expanded its Large Project Division in the New York Metro region, adding key hires who bring decades of experience in commercial, healthcare, and large vertical projects
Orange Bank & Trust Company to expand footprint in the Bronx in 2025
November 26, 2024
Middletown, NY According to Orange Bank & Trust Company, an economic engine of New York’s Hudson Valley for more than 132 years, they will expand its reach in the Bronx in 2025 with a new full-service branch at 3485 E. Tremont Ave
Perlman of Largo Real Estate secures $8.8 million refinancing of office and multifamily portfolio
November 26, 2024
Buffalo, NY Ned Perlman, vice president of upstate originations at Largo Real Estate Advisors, Inc. successfully refinanced an office & multifamily portfolio. The loan is secured by three residential properties featuring a total
Coscia of Largo Capital secures $1.5 million financing for retail property
November 26, 2024
Queens, NY Kevin Coscia of Largo Capital, Inc. secured financing for a 22,354 s/f neighborhood retail property. The five-year, fixed-rate loan will be amortized for 25 years. Proceeds from the loan will be used for tenant improvements in the lower unit
Delisle and Monahan of Island Associates negotiate new lease with Aldi Supermarkets
November 26, 2024
Ocala, FL Roger Delisle & Robert Monahan of Island Associates successfully negotiated a new lease agreement with Aldi Supermarkets for space at Marion Oaks Plaza. Aldi recently purchased South East Grocers
Sayage joins Forchelli Deegan Terrana LLP as a real estate associate
November 26, 2024
Uniondale, NY Forchelli Deegan Terrana LLP welcomes Jad Sayage to the firm’s Real Estate practice group as an associate. Before joining FDT, Sayage was the Managing Attorney at Sayage Law PLLC, where he concentrated
Blue Owl Capital inks 238,673 s/f
lease at RFR’s Seagram Building
November 12, 2024
Manhattan, NY Blue Owl Capital has extended its 168,597 s/f lease on the second through sixth floors by 70,076 s/f to include the 16th-19th floors. The firm will occupy 238,673 s/f at Seagram bringing the building to nearly 100% occupancy.
S3 provides $48 million construction loan for 27-unit condo development
November 12, 2024
Brooklyn, NY S3, the lending arm of Spruce Capital, originated a $48 million construction loan for the development of a 27-unit residential condominium building at 1214 Ocean Pkwy. in the Midwood neighborhood. This new project is set to offer a full suite of amenities and private outdoor spaces
Gold and Elyaszadeh of Ariel Property Advisors arrange $9.85 million sale of development site
November 12, 2024
Bronx, NY Ariel Property Advisors (Ariel) arranged the sale of 36 Bruckner Blvd., a corner development site in the Mott Haven neighborhood, for $9.85 million, or $131 per buildable s/f (BSF). An Ariel team led by senior director Jason Gold and associate director
November 2024 NYSCAR president’s message - by Robert Strell
November 12, 2024
The New York State Commercial Association of Realtors held their 2024 annual meeting on September 30th at the Turning Stone Resort and Casino in Verona. The following officers were elected for 2025: President, Robert Strell (WNY); first vice president, Mercedes Brien (RAC); second vice president,
Tishman Speyer completes $3.5 billion
refinancing for Rockefeller Center
November 12, 2024
Manhattan, NY Tishman Speyer has refinanced its iconic Rockefeller Center campus via a $3.5 billion CMBS loan, the largest issuance ever for a single office asset. Bank of America and Wells Fargo served as co-lead managers on the five-year Single Asset Single Borrower
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