As head of a company that’s worked on some of the city’s most-prominent infrastructure projects, Donal Sullivan offers his take on where we should focus attention in the coming months and years:
Arbor Realty Trust announced the funding of a $35,950,000 FHA 223(f) refinancing for Nottingham Village, a 317-unit multifamily property located in Houston, TX.
More than 1,700 property owners who have not complied with the requirements of the 421a program have had the benefit yanked as part of a crackdown on rule-breakers.
Also, Meridian Capital issued a $6.3 million loan for a five-building co-op on Lexington Avenue, Eastern Union Funding cut a $7 million first lien mortgage for the refinance of an industrial on 34th Ave in Astoria, NY, and more transactions from the past week.
Between the Hudson River lapping up against the pier, the gentle tink-tink-tink of construction echoing through the surrounding neighborhood and the building’s undulating streaks of blue, the jaunt from the Hoboken train station to Ellipse feels like the preamble to a seaward voyage.
SportsNet New York began as a ground-floor tenant in the Time-Life Building, broadcasting from a CNN hand-me-down studio and squirreling away most of its staff in below-grade offices. Now, it has a hand-crafted space some 650 feet above ground at 4WTC.
Demonstrating the utility of real estate capital formation through syndication, NHCohen Partners has concluded a raise of $8.5 million to enable investors to buy a 475-unit multifamily portfolio in Tennessee.
A high-powered delegation of New York building executives is en route to the White House to lobby Democrats and Republicans to fund the Gateway Project.