Supermarket buys final piece of Lee portfolio
By Dan Orlando The last remaining part of the $100 million Lee Estate Portfolio has been sold The Farm Country supermarket paid $8 million to … Continued
Category : Blog
Douglas Elliman launches sports and entertainment division
Douglas Elliman Real Estate has launched a Sports & Entertainment division. The new nationwide entity will provide brokerage services for clients within the sports and entertainment industries, as well as ultra-high net worth parties. The division, which has a charitable component, is the first of its kind to be created...
Angelo Gordon JV borrows $79M for acquisition
Mesa West Capital has provided a partnership of New York City-based Angelo Gordon & Co. and Tysons Corner, VA–based real estate firm Atlantic Realty Companies two loans totaling $78.9 million in first mortgage debt for the acquisition and stabilization of four-office buildings in Reston, VA. The loans were originated out...
Transactions: Meridian closes on $3.7 million multifamily property in Harlem, Eastern Union’s $47 million mortgage for buildings in the Bronx
Meridian Capital Group announced the following transactions: – A new mortgage of $3,700,000 was placed on a six-story, 12-unit multifamily property located on West 123rd Street in New York, NY. The loan features a rate of 2.86% and a five-year term. This transaction was negotiated by Sean Mooney and Steven...
Survey: Global investors aim to spend, spend, spend
Global real estate investors remain confident and their intentions are expansionary, with more than half planning to increase their acquisitions in 2015, according to CBRE’s … Continued
Ziel Feldman closes on $870M site for landmark building
Ziel Feldman, founder & chairman of HFZ Capital Group, has closed on the $870 million purchase of 76 Eleventh Avenue and tapped Danish architect Bjarke … Continued
Admiral Capital and Four Winds buy Ridge Street portfolio
Eastern Consolidated has arranged the sale of The Ridge Street Portfolio, three contiguous mixed use buildings on the Lower East Side, for approximately $50 million. … Continued
Akelius Swede on Crown Heights, purchases 805 St. Marks Ave for $44M
Akelius, which burst onto the stateside scene last month, has just purchased its fourth property in New York. The Swedish company shelled out $44 million for 805 St. Marks Avenue in Brooklyn on Tuesday. The 200 unit residential building is the company’s second Crown Heights asset. Aaron Jungreis and Billy Billitzer of Rosewood Realty Group …
New Yorkers need to educate themselves on Airbnb issues
Airbnb has become all the rage in New York and it is easy to understand why. However, while short-term rental transactions via Airbnb’s website provide … Continued