Category: Brokerage

Procida Funding secures $39 million construction loan

Procida Funding secures $39 million construction loan

December 17, 2019
Middlesex, NJ Procida Funding provided a $39 million construction loan, on behalf of the 100 Mile Fund, which Procida exclusively manages. The loan, made to Forte Real Estate Development, will finance “The View at
Newmark Knight Frank arranges $30.5 million financing for Caerus Group

Newmark Knight Frank arranges $30.5 million financing for Caerus Group

December 17, 2019
Queens, NY Newmark Knight Frank has arranged a $30.5 million fixed-rate loan to a portfolio of two newly-repositioned, class A office buildings totaling over 65,000 s/f. The properties at 74 Kent St., in Greenpoint and 11-20 46th Rd. in
Reed MIDEM and MetaProp NYC hosts annual  2019 MIPIM PropTech NYC event November 12-13

Reed MIDEM and MetaProp NYC hosts annual 2019 MIPIM PropTech NYC event November 12-13

December 17, 2019
New York, NY Reed MIDEM and MetaProp NYC hosted their annual 2019 MIPIM PropTech NYC November 12-13 at the Metropolitan Pavilion with conference sessions taking place at the Altman Building. Throughout the event, industry disruptors in
AECOM Tishman president Badame recognized by Nephcure Kidney International at annual benefit

AECOM Tishman president Badame recognized by Nephcure Kidney International at annual benefit

December 17, 2019
Manhattan, NY According to AECOM Tishman, Jay Badame, president of the firm, has been recognized as this year’s honoree at Nephcure Kidney International’s 15th annual Countdown to a Cure fundraising benefit, which took place
Twomey Latham acquires Birtwhistle & Gibson, P.C.

Twomey Latham acquires Birtwhistle & Gibson, P.C.

December 17, 2019
Bridgehampton, NY According to Twomey Latham, Shea, Kelley, Dubin & Quartararo, LLP, effective January 1, 2020, the firm will complete its acquisition of Birtwhistle & Gibson, P.C. As part of this acquisition, Craig Gibson will join
ABS Partners secures leases at the Box Factory, 1519 Decatur St. in Brooklyn, totaling 17,592 s/f

ABS Partners secures leases at the Box Factory, 1519 Decatur St. in Brooklyn, totaling 17,592 s/f

December 17, 2019
Brooklyn, NY ABS Partners Real Estate has arranged two leases totaling 17,592 s/f at the Box Factory, 1519 Decatur St.
JLL arranges financing for The Peaks of Nanuet

JLL arranges financing for The Peaks of Nanuet

December 17, 2019
Nanuet, NY JLL arranged acquisition financing for The Peaks of Nanuet, a 504-unit apartment complex in Rockland County. JLL worked exclusively on behalf of Mill Creek Residential Trust LLC and an
Doshi, Mehra and Shainberg of Meridian sell Upper East Side elevator building for $11.4 million

Doshi, Mehra and Shainberg of Meridian sell Upper East Side elevator building for $11.4 million

December 4, 2019
Manhattan, NY Team Doshi of Meridian Capital Group has contract-closed on a 39-unit elevator building located half a block from Gracie Mansion in the Yorkville neighborhood of the Upper East Side. This mostly stabilized property sold for just under $530 per s/f, $290,000 per unit, equivalent to
Bucci of Acropolis Realty Group sells 23-unit complex in Syracuse for $690,000

Bucci of Acropolis Realty Group sells 23-unit complex in Syracuse for $690,000

December 3, 2019
Syracuse, NY According to Acropolis Realty Group, Andréa Bucci, associate real estate broker, sold 679 W. Onondaga St. for  $690,000. The subject property contains 23 two-bedroom units. J-Bon LLC was the seller, and and AmeriCU provided financing for
Marcus & Millichap Capital Corp. places $46 million loan for Staybridge Suites project by developer Li

Marcus & Millichap Capital Corp. places $46 million loan for Staybridge Suites project by developer ...

December 3, 2019
Queens, NY Marcus & Millichap Capital Corp. (MMCC) has arranged for $46 million in construction financing for a Staybridge Suites located at 38-61 11th St. in Long Island City, according to vice president and regional manager John Krueger. The construction financing was
Ralby of HKS negotiates $24m loan for Manatus Dev.; Design by GF55 Partners; financed through TD Bank

Ralby of HKS negotiates $24m loan for Manatus Dev.; Design by GF55 Partners; financed through TD Ban...

December 3, 2019
Bronx, NY Manatus Development Group has obtained $24 million from TD Bank to finance construction of a mixed-use office building that will be the new flagship location of human and social services non-profit Samaritan Daytop Village.
Overview of the 2019 Hudson Valley apartment market - by Brian Heine

Overview of the 2019 Hudson Valley apartment market - by Brian Heine

December 3, 2019
In the Capital Region developers are turning obsolete industrial buildings and long vacant historic properties in walkable neighborhoods near the employment centers in the central business districts of Albany, Troy, and