Category: Brokerage
Hedaya and Hammer of Meridian arrange $7.5m acquisition financing in five days for Bronx multifamily...
February 7, 2020
Bronx, NY Meridian Capital Group arranged $7.5 million in acquisition financing in five days for a multifamily property in the Soundview neighborhood. The interest-only loan, provided by a debt fund, features a LIBOR-based floating rate and was
The Dagar Group brings Tesla Supercharger station to Fishkill; Livshin of Dagar is property’s mana...
February 4, 2020
Fishkill, NY According to The Dagar Group, there is something new coming to the Hudson Valley Towne Center, at 18 Westage Dr. Located at the intersection of Rte. 9 and I-84, Tesla will be joining Regal Cinema, Chipotle, Five Guys, Famous Footwear, GH Bass,
Tishman Speyer secures 530,000 s/f lease with Debevoise & Plimpton; Sukenik, Mongeluzo, Cohen of NKF...
February 4, 2020
Manhattan, NY According to Tishman Speyer, Debevoise & Plimpton LLP will relocate its law firm headquarters to The Spiral, its 65-story office tower currently under construction at 66 Hudson Blvd. Debevoise will occupy 530,000 s/f on
Daten Group to build 117,000 s/f mixed-use building in Brooklyn's Clinton Hill neighborhood
February 4, 2020
Brooklyn, NY The Daten Group unveiled plans to build a nine-story 135-unit mixed-use rental building at 540 Waverly Ave. in the Clinton Hill neighborhood at the intersection of Atlantic and Waverly Aves. The 24,000 s/f site will have
The hunt for yield in 2020 - by Jason Weissman of Boston Realty Advisors
February 4, 2020
Macroeconomic and geopolitical uncertainty has had capital from around the globe flocking to the U.S. Treasury market for decades. Albeit one of the safest investments in the world, yields are at historic all-time lows, making it an arduous task to achieve attractive
Question of the Month: What does NY’s new climate change law mean for owners, how do they leverage...
February 4, 2020
New York State enacted the Climate Leadership and Community Protection Act (CLCPA) on July 18, 2019. This law codifies that NYS must reduce its greenhouse gas emissions by 85% over 1990 levels by 2050. The law affects every sector of the
New Rochelle embraces downtown development again; Cappelli raises The Standard
February 4, 2020
The real estate guru who is rightfully credited for New Rochelle's initial downtown development achievements several years ago is back and primed for his much-touted return. Louis Cappelli, who elegantly re-shaped our city's skyline when he built
Finiki of Largo secures $10m financing for hotel acquisition; Carswell and Phillips of Largo Cap. ar...
February 4, 2020
Buffalo, NY Tim Finiki, vice president of originations at the Largo Group of Cos., secured $10 million in non-recourse financing for the acquisition of a Hampton Inn & Suites. The hotel was acquired while still in the
DASNY and SUNY complete $2 million Health & Counseling Services Center for University at Albany camp...
February 4, 2020
Albany, NY The Dormitory Authority of the State of New York (DASNY) and The State University of New York (SUNY) have completed a $2 million Health & Counseling Services Center on the University at Albany campus. The relocation
Heine brokers three apartment complexes in 1031 exchange on behalf of CCS MGT LLC
February 4, 2020
Amherst, NY On behalf of CCS MGT LLC, Brian Heine has completed a 1031 tax-deffered exchange involving three apartment complexes. Heine brokered the sale of
Will of Hemisphere Holdings brokers $2.05 million sale of The Pines Apartments
February 4, 2020
Canandaigua, NY According to Hemisphere Holdings Corp., the firm has closed the sale of The Pines Apartments, located at 145 Buffalo St. The 32-unit property sold for $2.05 million.
Buckingham Properties and Butler/Till partner in Rochester mixed-use development – 106,000 s/f
February 4, 2020
Rochester, NY Buckingham Properties and Butler/Till are partnering for a new mixed-use development downtown. Located at 260 East Broad St., Buckingham will develop a new five-story, 106,000 s/f mixed-use building
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