Banking and Finance
Square Mile Capital originates $80M Manhattan hotel loan
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Square Mile Capital Management originated an $80 million loan to refinance the Arlo NoMad, a 249-key luxury lifestyle hotel at 11 East 31st Street.
Construction & Design
Structure Tone announces merger with West Coast construction company
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The Structure Tone Organization (STO) and BCCI Construction Company announced that the California-based commercial construction firm will join the STO
Deals & Dealmakers
SIOR puts focus on increasing minority participation in CRE
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The Society of Industrial and Office Realtors announced its new summer program during the organization’s annual World Conference in Washington, D.
Banking and Finance
MetLife Pentagon deal
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MetLife Investment Management arranged a loan for $126.9 million for Meridian at Pentagon City. Meridian at Pentagon City is a two tower, high-rise multifamily
Featured
REBNY recognizes leading commercial managers
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Louis Trimboli, senior real estate manager with CBRE, received the Edward A. Riguardi Commercial Management Executive of the Year Award last week.
Deals & Dealmakers
Lago says housing crisis puts us all on same side
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Planning commissioner Marisa Lago told New York developers they must help turn the tide of anti-development sentiment if the city is to dig itself out
Deals & Dealmakers
A-Rod partners with Corcoran to invest in NYC real estate
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Baseball legend Alex Rodriguez is partnering with New York real estate powerhouse Barbara Corcoran to build a multifamily portfolio. The celebrity pair
Residential
HAVE YOU HEARD? Jazz stars lend weight to charity event
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Keller Williams agents helped raise over $7,000 for local non profits as part of the company’s annual Red Day. Every year Keller Williams offices
Deals & Dealmakers
Denholtz takes leap into the future
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STEVEN DENHOLTZ Denholtz Associates is rebranding as Denholtz Properties. With a new corporate headquarters in Red Bank NJ, the new identity represents
Deals & Dealmakers
Billionaire Mahindra launches development firm targeting NYC properties
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Indian billionaire Anand Mahindra is partnering with New York City executives to form a firm focused on Manhattan real estate opportunities.
Property Managers
100 Park joins roster of city’s LEED-EB Gold properties
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SL Green Realty Corp. announced that 100 Park Avenue, the 825,815 s/f Modern Classic situated in Midtown Manhattan, has been awarded a LEED-EB Gold Certification by the U.
Deals & Dealmakers
TRANSACTIONS: This week’s $1 million to $10 million loans
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Meridian Capital announced the following transactions: • A new mortgage of $8,500,000 on a 64-unit multifamily property located on Hillside Avenue in White Plains, NY.