Construction & Design
Tishman Speyer reveals plan for USPS building
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Tishman Speyer President and CEO Rob Speyer announced that the company has entered into a definitive agreement with the United States Postal Service (USPS)
Debt & Equity
Feds okay Habitat fund for distressed NYC co-op owners
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The Habitat NYC Community Fund, a subsidiary of Habitat for Humanity New York City, has become a federally certified Community Development Financial Institution (CDFI).
Debt & Equity
RXR secures $97M from Bank OZK for Atlantic Station
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RXR Realty has secured $97.5 million through Bank OZK to fund construction of the second phase of it Atlantic Station development in Stamford, CT.
Retail
Mall is facing the ugly truth
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Artist’s rendering of American Dream Mall By Holly Dutton It may be ugly, but the development team now pushing to finish the beleaguered American
Featured
As workers ratify strike measures, RAB offers words of advice
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By Holly Dutton Negotiations between the Realty Advisory Board on Labor Relations and 32BJ SEIU, the largest union of property service workers in the U.
Debt & Equity
Hampshire venture banks $20M for Jersey project
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JLL announces it has arranged $19.88 million in financing for the development of 34 Bank, a 126-unit, transit-oriented apartment property located in Netcong
Deals & Dealmakers
WHO’S NEWS
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Kassin Sabbagh Realty (KSR) announced that Ronnie Shaban has joined the company as a managing director. The veteran dealmaker will be focusing
Deals & Dealmakers
Urstadt Biddle finances supermarket
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Cronheim Mortgage has arranged $10 million in permanent financing for Ferry Plaza, located in the Ironbound section of Newark, New Jersey.
Banking and Finance
HSP closes on $53M bridge loan for Penn Plaza office building
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251 West 30th Street JLL arranged a $53 million bridge loan for Chelsea Square, a 113,629- s/f boutique office property in the Penn Plaza submarket of Manhattan.
Deals & Dealmakers
TRANSACTIONS: GCP Capital Group arranges mortgage financing in the aggregate amount of $28,525,000
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Eastern Union Funding announced the following transactions: • A $20,750,000 first lien mortgage for the refinance of a 44-unit multifamily property
Deals & Dealmakers
Greystone expands bridge financing capabilities with $600 million offering
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Greystone, a CRE lending, investment and advisory company, announced the closing for Greystone CRE Notes 2019-FL2, Ltd., a $600 million CLO backed exclusively
Deals & Dealmakers
SB One makes senior committment
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SB One Bancorp, the holding company for SB One Bank, announced its partnership in the development of the Saddle Brook Senior Housing which was just recently