Residential
NEW DEVELOPMENT: Permits filed for One Sullivan Place
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● STERLING TOWN EQUITIES Permits filed for Prospect Park property Permits have been filed for a long-awaited new Prospect Park apartment building.
Banking and Finance
CDT completes $120M capital raise for housing development
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The Community Development Trust (CDT), which provides long-term and equity capital for the creation and preservation of affordable housing, announced its
Residential
HAVE YOU HEARD? Cuomo and Lee selling country home
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The country home of Emmy-winning TV host and best-selling author Sandra Lee and New York Governor Andrew Cuomo is listed for sale with Houlihan Lawrence.
Construction & Design
Largest rental development in Manhattan is topped out
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Executives from The Moinian Group, including Joseph Moinian (center, right) and Oskar Brecher (far right), Tishman Construction, including Jay Badame (center
Deals & Dealmakers
Real estate to weigh in on campaign finance reform, other ballot issues
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When New Yorkers head to the polls to vote in tomorrow’s midterm elections, there will be little mystery about who will represent the city in Albany and Washington, D.
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Real estate to weigh in on campaign finance reform, other ballot issues
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When New Yorkers head to the polls to vote in tomorrow’s midterm elections, there will be little mystery about who will represent the city in Albany and Washington, D.
Deals & Dealmakers
Berkadia structures loan
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Berkadia helped secure equity and debt financing for the acquisition of Park Crossing Apartments, a 280-unit multifamily garden-style property in Lilburn, Georgia.
Banking and Finance
Merchants closes $42M hotel loan
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The hotel developers are building one of New York’s largest billboard and observation decks on the roof. Merchants Hospitality and Roche Enterprises have
Banking and Finance
China Construction America lands $53M for office purchase
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CBRE’s Debt & Structured Finance team closing on the loan secured by 445 South Street in Morristown, New Jersey. CBRE’s Debt & Structured Finance
Debt & Equity
TRANSACTIONS: GCP arranges $43M in multifamily loans
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GCP Capital Group arranged mortgage financing in the aggregate amount of $43,285,000 for the following properties: • $16,250,000 for an eight-story multifamily
Banking and Finance
TD Bank commits to affordable housing development
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The Preserve at Sabal Park TD Bank announced its commitment to finance Blue Sky Communities recent development of the Preserve at Sabal Park, a multi-family
Deals & Dealmakers
TRANSACTIONS: Meridian places $10.6m mortgage on mixed-use property in Bronx
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Arbor Realty Trust, Inc. funded a $1.3 million Freddie Mac SBL deal in Fort Lauderdale, FL. Topanga Canyon Apartments, a 12-unit multifamily property