Gallery: Bard celebrated at Broad Exchange Building
The Historic Landmarks Preservation Center (HLPC), in collaboration with the New York Preservation Archive Project, dedicated the Albert S. Bard Cultural Medallion at the NYC … Continued
Category : Blog
$74M refi for NoMad portfolio
Meridian Capital Group, LLC, a national commercial real estate finance and advisory firm, negotiated a $74.5 million refinancing package for three office properties in New York on behalf of Kew Management Corporation. The financing consists of a 12-year, $26 million mortgage featuring a fixed-rate of 3.75% for the first seven years as well as a 10-year, …
DTZ team tapped to source $53M for Tel Aviv project
DTZ Americas, Inc., a division of UGL Limited, has been retained as exclusive financial advisor to raise $53 million in project finance for the redevelopment … Continued
Manhattan cap rates expected to defy rising interest rates
Cap rates should remain relatively low for the remainder of 2013, despite rising interest rates seen over the past two months, according to Brookfield Financial.
The New York based global investment banking and commercial property brokerage firm just released the results of its 10-Year Trend Analysis of the Manhattan office sales market.
“Everyone is concerned about what rising interest rates will mean for cap rates, but our analysis reveals an implied resiliency in the Manhattan office market,” said Eric Anton, managing partner of Brookfield Financial. “For the remainder of 2013, at least, if the interest rate climb is slow and incremental, we project cap rates to remain stable.”
Gelber goes the distance for Myeloma research
Eric Gelber At 8:00 AM on September 20, Eric Gelber, a married father of three and SVP of CBRE Group, Inc.’s New York Tri-State Region … Continued
CRE veteran Ravitch remembers the revolution
Real estate luminary Richard Ravitch said city officials should not have thrown local opinions out with the garbage when it came siting a new sanitation garage on the city’s east side.
The former MTA chairman and Lt. Governor of New York said people living in Waterside Plaza, a complex he built in 1973, deserved more consultation.
Ravitch was speaking on the eve of the 40th anniversary of Waterside Plaza, a four-tower community overlooking the East River that he called “revolutionary.”
Legal maestro weaves moving parts into solid real estate investments
By Holly Dutton Jordan Fisch never pictured himself as a powerful New York attorney. “I never wanted to be a lawyer or live and work … Continued
Daughters of dynasties open up on the family biz
Goodstein, Rose, Rudin — all legendary and prominent families in the New York real estate world. The women at the forefront of these noted dynasties … Continued
Rechler in for Spitzâ at equity panel
Scott Rechler, vice chairman of The Port Authority, will step in for former New York Governor Eliot Spitzer at next weekâs EisnerAmper private equity summit. … Continued
Midtown market hitting its stride, says Cassidy Turley
By Sarah Trefethen RICHARD PERSICHETTI Manhattan’s prime office area got its groove back this summer, according to third-quarter data released by Cassidy Turley last week. … Continued