Meridian Capital Group Arranges $27.5 Million in Bridge Financing for Brooklyn Development Site
Meridian Capital Group, America’s most active debt broker, negotiated a $27.5 million bridge loan for the development site at 77 Commercial Street in Brooklyn, NY on behalf of the Chetrit Group and Clipper Equity.
Meridian Capital Group Arranges $60 Million in Acquisition Financing for a Flagship Retail Cooperative...
Meridian Capital Group, America’s most active debt broker, negotiated $60 million in financing for the purchase of the flagship retail cooperative property located at 85 Fifth Avenue in New York, NY on behalf of Jeff Sutton’s Wharton Properties, General Growth Properties, and Maguire Capital.
BRG Announces Closing of Public Offering of Class A Common Stock and Full Exercise...
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) announced today the completion of its underwritten public offering of 6,348,000 shares of Class A common stock, including 828,000 shares of Class A common stock issued pursuant to the full exercise of an option to purchase additional shares of Class A common stock granted to the underwriters, at a price to the public of $13.00 per share.
USAA Real Estate Co. Claims Stake in Manhattan’s Hudson Yards Submarket with New Midtown...
USAA Real Estate Company ("RealCo") today announced the acquisition of two mid-block office properties located in Manhattan's highest growth submarket, Times Square South which gives onto the 34th Street retail corridor, a high traffic pedestrian neighborhood located between Time Square, Penn Station and Hudson Yards.
Spring sales and price growth continue in the New York State housing market
Home sales and selling prices continued on an upward trend in April, according to the housing market report released today by the New York State Association of REALTORS. The April 2015 sales total of 7,207 units was up 1.3 percent from April 2014.
101 BEDFORD hosts Sunset Yoga on Roof Deck May 17, 7pm
101 BEDFORD is organizing a Sunset Yoga class for residents, which will be held on the spacious 17,000-square-foot roof deck overlooking Manhattan on Monday, May 17, 2015 at 7pm. In addition to the stress-relieving stretches and breathtaking sunset city panorama, residents can enjoy such rooftop amenities as cabana seating, hammocks, swinging lounge chairs, rattan gazebos, mini beach and barbecue grills.
101 BEDFORD makes Mother’s Day memories last
Celebrating Mother’s Day in Williamsburg calls for creativity and 101 BEDFORD makes it easy for its residents. On Saturday, May 9^th the luxury residential building will offer complimentary photographs of families and mothers with children to celebrate Mother’s Day, accompanied with hors-d'oeuvres and Mimosas. The on-site photography studio where all portraits and long lasting memories will be created is one of the newest amenities introduced to the residents
Why Did New York City Lose $1.2 Billion?
In 2014 cities like Washington, D.C., Boston, Miami and Chicago attracted hundreds of thousands of youth travelers. Unfortunately for New York City, it is missing out on this tourism boom. In 2014 cities like Washington, D.C., Boston, Miami and Chicago attracted hundreds of thousands of youth travelers. Unfortunately for New York City, it is missing out on this tourism boom.
ClickPay Transforms the Largest Multifamily Market with Rent, Condo, and Coop Payments for New...
ClickPay, the fastest growing provider of SaaS-based payment and billing solutions for the property management industry in the U.S., launched new ads across multiple digital billboards throughout Times Square.
NY State Appellate Court Hears Arguments in Case against NYC Department of Buildings for...
The New York State Supreme Court Appellate Division heard oral arguments on Thursday in the Mechanical Contractors V. NYCDOB, Case No. 13-10093, regarding controversy over whether the NYC Department of Buildings (DOB) has the legal authority to ignore Building Code requirements when buildings are constructed modularly. This includes the largest Lego-style modular construction project in North America located at Brooklyn’s Atlantic Yards (now rebranded as Pacific Park), a 32-story, 363 unit residential building.
National honors for 4 Long Island brokers
Four Long Island-based commercial real estate brokers were honored by Cushman & Wakefield for their 2014 accomplishments at the company’s recent national awards ceremony. Frank Frizalone, Marisa Karmitz, Phil D’Avanzo and Nick Gallipoli received honors at Cushman & Wakefield’s National 2015 Recognition Awards held at the Barclay’s Center in Brooklyn on April 16
Foot Locker Leases 34,200 Square Feet At ESRT’s 112 West 34th Street
Foot Locker, Inc. (NYSE: FL), the world's leading retailer of athletic footwear and apparel, with nearly 3,500 stores around the globe, has signed a new retail lease to retain its flagship location at 112 West 34th Street, in the heart of Manhattan's bustling 34th Street corridor, announced landlord Empire State Realty Trust, Inc. (NYSE: ESRT).
FHLBNY Announces First Quarter 2015 Operating Highlights
“During the first three months of 2015, the Federal Home Loan Bank of New York continued to meet the needs of our members as they work to strengthen and support the communities they serve,” said José R. González, president and CEO of the FHLBNY. “We continued to perform well in the quarter, and this consistent performance reaffirms our cooperative as a reliable and dependable partner for our members.”
Rose Associates Named Managing and Leasing Agent at The Ventura on Manhattan’s Upper East...
Rose Associates, the New York-based full-service real estate firm, announced today that it has been named the exclusive leasing and managing agent at The Ventura, a luxury rental property located at 240 East 86th Street in Manhattan.
New Head of Information Technology Joins SL Green Realty Corp.
SL Green Realty Corp (NYSE:SLG) today announced that Parimala Rao has joined the Company as Senior Vice President of Information Technology. Mrs Rao brings twenty years of experience to the position. Most recently, Mrs. Rao served as Executive Director of Technology at The New York Times where she was awarded the Prestigious Publisher's Award for Technology Innovation.
Spring House Hunting In Upper Manhattan? REBNY’s Uptown Open House Expo To Showcase Exclusive...
This all-inclusive, public event will feature the hottest residential listings in Harlem, Inwood, Hudson Heights, and Washington Heights. Potential buyers will have the opportunity to learn about, tour, and explore exclusive co-ops, condos, and luxury listings, all while taking in the atmosphere of these dynamic Manhattan neighborhoods.
Three Atlanta Area Realtors Attend International Real Estate Conference on Working Towards Transparent and...
USA, the International Real Estate Federation – U.S. Chapter held a luncheon in the private delegates’ dining room at the United Nations facility in New York City on Friday, March 27, 2015, to address the continuing need for cross-border cooperation in international property markets. FIABCI enjoys special consultative status with the Economic and Social Council of the United Nations and regularly address real estate issues at UN offices around the world
New York Mortgage Trust, Inc. Announces Pricing of Public Offering of 7.875% Series C...
New York Mortgage Trust, Inc. (Nasdaq:NYMT) today announced that it priced a public offering of 3,600,000 shares of its 7.875% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of $90,000,000, before deducting underwriting discounts and offering expenses.
Hanley Investment Group Negotiates Sale of Four Single-Tenant 7-Eleven Stores in Erie County, New...
Hanley Investment Group, a nationally-recognized boutique real estate brokerage and advisory firm specializing in retail property sales, announced today that Senior Vice President Jeremy McChesney negotiated the sale of four single-tenant absolute NNN 7-Eleven stores in Erie County, New York, totaling nearly $3 million. McChesney currently has two other East Coast 7-Eleven stores in escrow and two additional ones available for sale.
Turner Interiors Delivers Luxury Retail Space in Up-and-Coming Lower Manhattan “It” Spot
Turner's Interiors group in New York recently turned over 120,000 square feet of luxury retail space within Brookfield Property Partners’ 375,000-square-foot retail offering at Brookfield Place.
Federal Home Loan Bank of New York and MAX Exchange Announce Mortgage Exchange Platform...
The Federal Home Loan Bank of New York (FHLBNY) and MAX Exchange (MAX), a multi-seller to multi-buyer exchange and clearing house for residential mortgage loans, announced a pilot program that will enable approved FHLBNY members to sell conforming and jumbo residential whole loan mortgages on an open exchange platform.
B.P. Brewer and 26 Manhattan elected officials urge changes to Mayor’s zoning proposal
Borough President Gale A. Brewer and 26 other Manhattan elected officials-- Members of Congress, State Senators, State Assembly Members, City Council Members-- sent a letter to Carl Weisbrod, Chair of the City Planning Commission, calling for changes to the zoning text amendment which the de Blasio Administration has proposed to expand development in the City, including reforms to the city's inclusionary housing policies.
Burkhardt joins Cushman & Wakefield
Kyle Burkhardt has joined the Long Island office of Cushman & Wakefield as Senior Director. Previously a broker with Colliers International and a managing principal at Alliance Real Estate, Burkhardt is an industrial real estate sales and leasing specialist with extensive experience in both buyer/ seller and tenant/ landlord representation
Rose Associates Leases 1,460 S.F. to Spruce & Bond at 1441 Second Avenue in...
Rose Associates, the New York-based full-service real estate firm, has announced that it recently signed a 12-year lease with Spruce & Bond for 1,460 square feet in The Eastmore at 1441 Second Avenue.
Rose Associates Leases 834 S.F. to Quest Diagnostics at 333 West 57th Street in...
Rose Associates, the New York-based full-service real estate firm, has announced that it recently signed an 834-square-foot, five-year lease with Quest Diagnostics at The Westmore, a property located at 333 West 57th Street in Manhattan.