Category: Brokerage
Gotham Organization and partners secure $314 million construction financing package for phase 1B of ...
May 27, 2025
Brooklyn, NY Gotham Organization, in partnership with Monadnock Development, the Christian Cultural Center (CCC) and Reverend A.R. Bernard, as well as New York City Housing Development Corp. (HDC) & New York City Department of Housing Preservation and Development (HPD), closed on a $314 million construction financing
Artificial intelligence in lending - by Lindsay Mesh Lotito
May 27, 2025
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Old Navy signs 55,000 s/f lease at JEMB Realty’s Herald Towers, 50 West 34th St.
May 27, 2025
Manhattan, NY Old Navy, America’s #1 specialty apparel brand and retailer and the largest brand in the Gap Inc. (GAP) portfolio, and JEMB Realty (JEMB), a family real estate firm, made known that Old Navy has signed a long-term retail lease at Herald Towers, 50 West 34th St. The 55,000 s/f Old
Didier and team join The Corcoran Group
May 27, 2025
Manhattan, NY Broker Whitney Didier has joined The Corcoran Group, making a move after a tenure at Douglas Elliman. Along with her, she brings The Didier Team — a group that held the Pinnacle Award for nine consecutive years and is known for its portfolio and track record.
Marx Realty leases 20,000 s/f to Riveron at 10 Grand Central
May 27, 2025
Manhattan, NY Marx Realty has signed a new 20,000 s/f lease with business advisory firm Riveron. The firm, which partners with private equity firms and other capital providers, is relocating from 461 Fifth Ave. and has committed to a 10-year term at the Grand Central office tower. The Meeting Galleries – a new
Orange Bank & Trust names Smith to head bank’s expansion into construction and trade industries
May 27, 2025
Middletown, NY Orange Bank & Trust Company has made an investment and deeper focus on the construction and trade industries. The bank has chosen Patrick Smith, SVP, former relationship manager of the bank’s Mount Vernon branch and a banker with knowledge of the construction industry, to spearhead this
Rosenberg & Estis represents The Durst Organization in restaurant lease at One Bryant Park
May 27, 2025
Manhattan, NY Rosenberg & Estis, P.C. (R+E) represented The Durst Organization on a new restaurant lease at One Bryant Park. Rosenberg & Estis member Jolie Meer and associate Meghan Paola negotiated a 15-year, 9,000 s/f lease with the Momoya, which will open an elevated new Japanese restaurant concept
Adirondack Capital Partners brokers $9.45 million sale of 74-unit Overlook Apartments
May 27, 2025
Troy, NY Adirondack Capital Partners negotiated the sale of Overlook Apartments, a 74-unit multifamily community. Michael Hunter Coghill of Adirondack Capital Partners represented the seller, Overlook Revive LLC, and the buyer, Corridor Ventures.
Foodservice accessibility: How automatic doors make restaurants more inclusive
May 27, 2025
New York, NY Restaurants and other foodservice establishments play an important role in creating inclusive, welcoming environments for all guests, including those with physical disabilities. According to the American Association of Automatic Door Manufacturers (AAADM), automatic doors are a key component of ensuring
Ariel Property Advisors arranges over $20 million in sales in Brooklyn
May 27, 2025
Brooklyn, NY Ariel Property Advisors (Ariel) has arranged the sale of multiple properties across the borough, totaling more than $20 million. “Spanning development sites, mixed-use and multifamily assets, these transactions underscore the continued strength of Brooklyn’s real estate market and
Peanut and Honey and KidStrong join Jasper
May 27, 2025
Long Island City, NY The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group made known that two new retail leases totaling 4,560 s/f at Jasper, a mixed-use development, have been signed. The new tenants Peanut and Honey, a children’s clothing store, and KidStrong, a children’s athletic
Is a bank required to take a deed in lieu? - by Thomas Kearns
May 27, 2025
Non-recourse loans are the market standard for sophisticated New York real estate transactions. Non-recourse means the lender only has recourse against the property itself. There is no liability for the borrower or any principal of the borrower for any shortfall other than what are known as carve-outs – those are certain
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