Category : Blog

Mission Capital Advisors Debt and Equity Finance Group structured $18.5 million of non-recourse bridge financing for The Falls, a 116-unit luxury apartment community in Hudson, New York. The loan, which was provided by Walker & Dunlop, will retire the existing construction loan and will provide the sponsor with additional proceeds to complete construction of the …

Sumitomo Mitsui Banking Corporation (SMBC), a Japanese multinational banking and financial services company, has tapped Cauldwell Wingate to complete a 101,411 s/f construction project at One North Lexington Avenue, an office complex in White Plains, New York. Cauldwell Wingate has been contracted to provide pre-construction services and the build-out of a new office space at …

Investment firm CIM Group has secured a $111 million loan for its acquisition of Downtown Brooklyn office tower 16 Court Street. Barclays Bank and Citi Real Estate Funding are the lenders in the transaction, according to documents filed with the city today. The new mortgage replaces a $78.7 million Wells Fargo loan from 2014. CIM …

Gamma Real Estate is accusing opponents of a planned 700-foot tall residential tower on East 58th Street of withholding documents ahead of a public hearing on Wednesday. In a letter sent to City Planning Commission Chair Marisa Lago, Jeffrey Braun, the counsel for Gamma Real Estate, said that four co-applicants to the proposal – State …

“Do as I say, not as I do,” is the clear message behind City Council Member Ben Kallos’ recent actions and public statements on development and land use issues. In the name of transparency, Kallos is pushing to bring a myriad of changes to the City’s Board of Standards and Appeals.  He is the sponsor …

While parts of the South Bronx and Queens have been frequently touted as the “next big thing” in residential and commercial real estate, some brokers are convinced it’s actually in one of the city’s most expensive neighborhoods. “All of these developers and investors are running around looking for the next...

Five companies have signed lease deals totaling 23,645 s/f at the William Kaufman Organization’s 437 Madison Avenue. Financial services firm Mercantil Bank (6,007 s/f), software company Fidessa Corporation (4,575 square feet) and fund manager JOHCM (USA), Inc. (3,978 square feet) leased portions of the 40-story tower’s 27th floor. Insurance firm Guilford Specialty Group, Inc. signed...