Tremont Realty Capital closes $24.6 million bridge loan

Rochester, NY According to Tremont Realty Capital, the firm has closed a $24.6 million first mortgage bridge loan to finance the acquisition of Crittenden Way Apartments, a 432-unit apartment community. The borrower was represented by Gate Capital.

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Retreat at 490 Wheeler Rd. in Hauppauge

Hauppauge, NY Robert Raffa and Robert Monahan of Island Associates helped to negotiate a long-term lease for Retreat, a non-profit organization located at 490

Fireside Embroidery leases at 1245 Middle Country Rd. in Middle Island

Fireside Embroidery leases at Strathmore SC

Marcus & Millichap arranges $11.4 million sale of mixed-use property in Manhattan

Marcus & Millichap arranges $11.4m sale of mixed-use Manhattan property

Woof Gang Bakery & Grooming leases at 425 Union Blvd. in West Islip

Woof Gang Bakery & Grooming at 425 Union Blvd. in West Islip

People’s Arc of Suffolk signs 10-year lease at 59 Sunrise Highway, East Islip, NY

People’s Arc of Suffolk signed at 10-year lease 59 Sunrise Hwy East Islip, NY

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Delisle of Island Associates leases 1,200 s/f to LA Insurance at Forest Center Shopping Plaza

Columns and Thought Leadership

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.