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Selling points: Clinton Hill buildings sell for $35M, Rhodium buys apartments for $30.5M
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BESEN & ASSOCIATES Pair of Clinton Hill buildings sell for $35M The Corbin Group at Besen & Associates and MYC & Associates is pleased to announce
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Knighthead funds $12M commercial building loan
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Meridian Capital Group secured $11.8 million in construction financing for a commercial development in the Bay Ridge section of Brooklyn on behalf of Veracity Partners.
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Silverstein Properties CEO expects real estate to evolve like the software industry
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Silverstein Properties CEO Marty Burger expects real estate’s evolved form to mimic that of the software industry. “Similar to how the software industry
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Related adding luxury senior tower to Hudson Yards
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Related is adding a luxury building for seniors to the Hudson Yards. The developer just announced a venture with its Atria Senior Living partner, Spitzer
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Looking ahead to the challenges and opportunities coming in 2020
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By Daniel M. Bernstein, Esq. Rosenberg & Estis, P.C. DANIEL BERNSTEIN 2019 was a critical year for NYC real estate operators, developers, lenders and investors.
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NEW DEVELOPMENT: Roseland tops out ARO; Brokers tapped for two-building South Bronx project
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● ROSELAND DEVELOPMENT ASSOCIATES ARO tops out in Theater District The 62-story luxury rental tower at 242 West 53rd Street has topped out.
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NYCHA residents sue city for making them live in unlivable conditions
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A class action lawsuit has been filed against the New York City Housing Authority over the agency’s inability to alleviate widespread substandard living
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CRE lender survey predicts market peak is around the corner
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The share of multifamily and commercial property lenders that expects to increase the volume of their lending over the next year declined to 42 percent
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JLL arranges refinance deal for corporate park
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JLL Capital Markets arranged an $11 million loan to refinance Reuten Corporate Park, a five-building property with 156,782 s/f of industrial and office
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Eastern Union arranges financing for Pennsylvania apartments
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Eastern Union Funding arranged acquisition financing for two apartment communities in Lancaster, Pa., on behalf of Lakewood, N.J.-based AJH Management.
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Greystone adds team from Denver-based Cambridge Housing Partners
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Greystone, a real estate lending, investment, and advisory company, announced its Real Estate Advisors group has added a senior team from Denver-based
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Large deals lift Manhattan office market to strongest quarter this year
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Lease deals over 100,000 s/f propelled Manhattan’s office market to its strongest quarter this year. According to Cushman & Wakefield’s latest office