New Development: ARO launches sales, Amberly hits luxe rental market
● ALGIN MANAGEMENT Leasing underway at ARO Leasing has begun at ARO, a new 62-story, 426-unit luxury rental tower developed by Algin Management, designed by
Author : REW
Done Deals: East Harlem duplex breaks $1M mark, Hunter’s Point condo goes for $1.5M
From Manhattan duplexes to a swanky new condo in Queens, these are some of the top done deals from the past week in residential real
Have You Heard? Daddy Dunham displayed in Fifth Ave penthouse
Madison Equities has furnished The Crown Penthouse at 212 Fifth Avenue with nearly $2 million worth of furniture and art. Developer Robert Gladstone revealed last
Flexible Fred makes sense for affordable housing investors
Non-profit affordable housing finance company, Community Preservation Corporation (CPC), has closed $11 million in permanent mortgages deals to refinance a trio of Brooklyn apartment buildings.
TRANSACTIONS; Cronheim arranges $15M in hotel acquisition loans; Emerald Creek bridges in Park Slope
Cronheim Hotel Capital (CHC) announced the following transactions: • Acquisition financing of $9,240,000 for the Holiday Inn Express in downtown Baltimore, MD. The loan was
SELLING POINTS: Riese selling Union Square development site; Cushman shopping 135-unit NJ apartment portfolio
● AVISON YOUNG Union Square development site offered at $32M The Riese Organization is selling its former TGIF restaurant building in Union Square The site
Insurance firms locking in early to hot NJ apartment market
GS Wilcox has locked in rates on $128 million in permanent loans for multifamily properties throughout New Jersey. According to Gretchen Wilcox, president and CEO
HFF arranges $15M construction financing for self storage facility
Holliday Fenoglio Fowler arranged $15.65 million construction financing for the development of Hillside CubeSmart, a 1,203-unit, self storage facility in Hillside, New Jersey. HFF worked
Partners secure $55M for acquisition of Chelsea Collection
HKS Real Estate Advisors secured a $55 million loan from M&T Bank for Dalan Management and Elion Partners for the purchase a block of eight
ABS refinances 162 Fifth with $85M loan
ABS Altman Warwick announced the closing of a permanent loan for the 12-story, newly-renovated office building at 162 Fifth Avenue. Sources say the loan totaled