Category: Brokerage
Investment Sales: Virtually normal - by Ron Cohen
April 21, 2020
In addition to an awkward elbow bump greeting, for most of us teleconferenced meetings have recently become the norm. At Besen, the partners have two to three Zoom calls weekly, and divisional teams meet fully
HKS Real Estate Advisors arrange $24.5 million construction loan with M&T Bank
April 21, 2020
Danbury, CT HKS Real Estate Advisors arranged a $24.5 million construction loan with M&T Bank for the development of a six-story, 149 multi-residential unit building called Brookview Commons
SKW Funding closes $30 million financing – secured by Upper East Side property
April 20, 2020
Manhattan, NY SKW Funding closed on $30 million in financing to support the acquisition of an existing loan and related bankruptcy court approved "debtor in possession (DIP) loan for a building located on the Upper East Side.
For landlords: First the enactment of the HTSPA, now the COVID-19 crisis - by Anthony Cummings
April 20, 2020
Landlords took a big hit with the enactment of the HTSPA in June 2019 and the New York State Legislature is seemingly poised to deliver another with a proposed Act (S. 8125, the “Act”) that will “suspend” rent payments for certain residential tenants and
Meridian Capital Group arranges $43.3 million for 5-building portfolio; loan by Capital One Multifam...
April 18, 2020
New York, NY Meridian Capital Group arranged $43.3 million in financing for a five-building multifamily portfolio located throughout Manhattan and the Bronx. The 10-year Fannie Mae loan, provided by Capital One Multifamily Finance, features a rate of
Economic relief for non-profit organizations through the Paycheck Protection Program - by Jodi Warre...
April 15, 2020
In response to the 2020 Coronavirus pandemic, President Trump signed into law, a $2.2 trillion economic stimulus program called the Coronavirus Aid, Relief, and Economic Security Act (“Cares Act”). The Cares Act
Virtual Doorman to offer free, expanded services for all customers during COVID-19 emergency
April 13, 2020
New York, NY Virtual Doorman, a New York-based provider of remote doorman and security services, announced details of its emergency plan to expand services and provide much-needed security and safety to both its customers and their buildings’ staff throughout the COVID-19 pandemic.
COVID-19, cannabis and the future of commercial real estate - by Richard Acosta
April 10, 2020
As COVID-19 continues to rack the U.S. with unprecedented hospitalization, death and unemployment rates, landlords and real estate investors alike are trying to understand and prepare for the future of commercial real estate. And while mainstream CRE, especially retail,
JLL closes $18.2 million sale of development site at 171 North 1st St. for Stanislaw Rys/Kevsta Inc....
April 10, 2020
Brooklyn, NY JLL Capital Markets closed the sale of 171 North 1st St in the Williamsburg neighborhood for Stanislaw Rys/Kevsta Inc. Gemini Rosemont Commercial Real Estate acquired the mixed-use development site for $18.2 million.
The coronavirus pandemic and its impact on the CRE market by Marjorie Peerce and Brian Schulman
April 10, 2020
The coronavirus pandemic has caused a lot of confusion, but even in the midst of great uncertainty, one thing is clear: The commercial real estate market is looking at a turbulent time up ahead. Economists don’t agree on whether we’re in for a short-but-painful economic dip or a
Eagerly awaiting a Covid-19 extension for 1031 Exchanges - by Todd Pajonas, Matthew Scheriff and Jam...
April 8, 2020
A 1031 exchange is a tax strategy used by real estate investors to defer capital gains tax recognized upon the sale of real estate. In order to successfully complete a 1031 exchange,
NKF completes 99-year leasehold for L+M Development Partners
April 7, 2020
Brooklyn, NY Newmark Knight Frank (NKF) completed the sale of a 99-year leasehold interest at 250 Utica Ave., on behalf of the seller, L+M Development Partners. The $13.925 million sale of a 99-year leasehold interest at 250 Utica Ave., on behalf of
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