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New Yorkers take unprecedented steps to combat the Coronavirus
08
These are unprecedented times. Public schools in New York City are closed.  All restaurants and bars will close except for delivery and take-out, while
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Rent regs don’t deter multifamily lender
07
ABS Altman Warwick, a division of ABS Partners, closed a $13 million loan for a 68-unit, 65,600 s/f apartment building at 232 East 12th Street in Manhattan.
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BBCP arranges $64M to refinance Bronx apartment portfolio
08
Black Bear Capital Partners (BBCP) has arranged $63.8 million in permanent financing on behalf of Finkelstein Timberger East Real Estate (FTERE) for the
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Metropolitan renews Sect. 8 contract with $38M FHA refi’ on Brooklyn properties
07
Rockport Mortgage Corporation has closed an FHA Section 223(f) refinancing loan of $38.6 million for Union Street Houses in Brooklyn. The property is owned
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CIT, BlackRock fund $163M loan for Arden industrial acquisition
08
Real estate fund manager Arden Group has secured a $163 million loan to fund its acquisition of a 12-asset industrial portfolio. The floating-rate loan
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IPG, Square Mile secure $305M loan for logistics facility
08
Innovo Property Group (IPG) and Square Mile Capital Management LLC have obtained construction financing totaling $305 million for their development of
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Compass sheds 375 workers
07
Compass CEO Robert Refkin has stopped taking a paycheck after the venture capital-backed real estate firm laid off 375 workers. In a company-wide letter
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Paramount Group to sell stake 1633 Broadway
08
Paramount Group, Inc. has entered into an agreement to sell a 10 percent interest in 1633 Broadway, a 2.5 million square foot trophy office building located
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BEB Capital launches lending division
08
BEB Capital has formed a new division to provide bridge loans for the industry, according to Lee J. Brodsky, BEB Capital chief executive officer.
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Denholtz secures financing to finish luxury apartment development
08
JLL Capital Markets arranged $17.5 million in financing for the development of The Rail @ Red Bank, a 57-unit, Class A apartment project in Red Bank, New Jersey.
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BlackRock balancing America’s economy on its back
09
BlackRock, the world’s largest asset manager, has been put in charge of running a new credit facility set up to help large New York employers pay their
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SELLING POINTS: 60 Guilders selling triplex; Fairstead buys Sect. 8 complex
09
60 GUILDERS SELLING MIDTOWN TRIPLEX Douglas Elliman and developer 60 Guilders have just brought to market a $35.68M triplex commercial condo at 20 West