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Building communities of opportunity
08
By Jonathan F.P. Rose and Nilda Iris Ruiz NILDA RUIZ In the next 40 years, the population in the United States is projected to grow by more than 90 million
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Student debt a stumbling block for young buyers
08
Young home buyers remain optimistic and see their home as a good investment, while older buyers are more likely to trade down to a smaller property to
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Ex-Mayor Patrick Slevin rethinks NIMBYism
08
By Roland Li In March 1996, at the age of 27, Patrick Slevin became one of the youngest mayors in the country. The New York native served for three years
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Stark office provider grows to 150,000 s/f
08
Stark Office Suites, the flexible executive office space provider, has acquired assets of The Private Office, Inc. and entered into a long-term lease for
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Landlords face rising costs as Rent Board prepares vote on increases
08
By Roland Li As the city’s nine-member Rent Guidelines Board prepares to vote on new rent increases for rent-stabilized apartments on Monday evening, landlords
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Muss, HomeFed lock down $198M to refinance Brooklyn office condo
08
Muss Development and HomeFed Corporation have refinanced their leasehold on the office portion of Brooklyn Renaissance Plaza with a $198.
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CMC secures flex financing
08
Commercial Mortgage Capital arranged a $16.05 million, 10-year, 30-year amortization on a fixed rate, non-recourse loan for Independence Realty’s multi-tenant
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New York REIT sells 50 Varick Street for $135M
08
New York REIT, which is liquidating its assets, has sold 50 Varick Street for $135 million or $900 per s/f. The property, an eight-story office tower in
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Blackstone, Walker & Dunlop form multifamily loans joint venture
08
Blackstone  Mortgage  Trust and Walker & Dunlop (NYSE: WD) have entered into a joint venture to originate, hold and finance multifamily bridge loans. Walker &
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Bob Friedland back at the helm
07
BOB FRIEDLAND Veteran real estate executive Bob Friedland is taking the helm as president and CEO of Friedland Realty Advisors. One year after exiting
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God’s Love We Deliver launches expansion project
08
To mark the official launch of their expansion project, God’s Love We Deliver, a SoHo-based nonprofit that cooks and delivers meals to people living with
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On The Scene: C&W gets assignments, Ariel announces sales
07
AGENTS Cushman & Wakefield announced the following exclusive assignments: • The sale of a newly constructed office building at 97-17 64th Road, between