Manhattan, NY The Capital Services Group at Ariel Property Advisors (Ariel) has arranged an $11.8 million condominium inventory loan for a 20-unit newly constructed residential condo project.
Manhattan, NY BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, has provided Yellowstone with $167 million to convert the Candler Building at 221 West 41st St,. a 25-story 221,357 s/f office building, into a 176-unit multifamily building along with an 18,174 s/f retail component.
Queens, NY Avison Young arranged a $75 million construction loan on behalf of Cord Meyer Development for the construction of two, five-story apartment buildings at the Bay Terrace Shopping
Brookhaven, NY BRP Companies, BlackRock, and Basis Investment Group have sold The Arboretum at Farmingville to The Inland Real Estate Group of Companies for $190 million. The Arboretum is a 491,000 s/f, 292-unit, garden-style
Greenville, NC NewPoint Real Estate Capital LLC (NewPoint) has provided a $49 million bridge-to-agency loan for the refinance of Evolve at the Pines Apartment Homes, a 288-unit multifamily
Brooklyn, NY Ariel Property Advisors (Ariel) arranged the sale of a 411,892 s/f, eight-building, 387-unit affordable housing portfolio situated in the Prospect Park South neighborhood of the city for $79.85 million, or $193 per s/f. The eight properties in the Prospect Park South portfolio are located at 816 Ocean Ave., 682 Ocean Ave.
Rye, NY Matt Cawley, Michael Hewes, and Olivia Friedberg of National Multifamily sold 99 Theodore Fremd Ave. in an off-market transaction for $2.675 million.
Brooklyn, NY Affinius Capital LLC closed a $300 million loan to refinance 102 Fleet, a Class A, 495-unit, 30-story multifamily project with 3,700 s/f of ground floor retail space. The loan was made to The Jay
Manhattan, NY Merchants Capital secured $26.3 million in total financing for the rehabilitation of Three Arts Club, a 62-unit historic multifamily development in New York City developed by West Side Federation
Bronx, NY OPEN Impact Real Estate (OPEN), one of the largest woman-owned commercial real estate services companies specializing in nonprofit real estate, represented Mercy Center — a locally-based nonprofit providing
Denver, CO The award-winning generative system behind hundreds of mass timber building projects, GENERATE has formed a collaboration with leading structural engineer and at-risk construction firm KL&A to propel the design and