Category : Debt & Equity

Westchester bank continues to grow
Debt & EquityRetail

Westchester bank continues to grow

REW
by REW1382
White Plains-based Houlihan-Parnes Realtors represented The Westchester Bank in a 10-year lease for a 2,050 s/f storefront bank branch at 301-305 Mamaroneck Avenue, Mamaroneck, New York. Jamie Schwartz represented the tenant. The firm’s John Manous represented the owner. According to Schwartz, the space was formally a Radio Shack that had...
View from the top: 2016 about recalibration
Deals & DealmakersDebt & EquityFeatured

View from the top: 2016 about recalibration

REW
by REW1934
By Amanda Marsh RXR Realty CEO and chairman Scott Rechler hangs a sign by his office door, which he changes out each quarter to inspire the people in his organization. The current sign reminds them to “Regularly Recalibrate, Calibrate Reality.” He explains: “Reality is changing every day, and you need...
Stringer: Faulty records costing city tax revenue
Debt & Equity

Stringer: Faulty records costing city tax revenue

REW
by REW1098
The city may miss out on collecting $2.09 million in tax revenue over the next five years due to the incorrect classification of 197 buildings in Brooklyn. According to a new audit from Comptroller Scott Stringer, the errors are in the records kept by the city’s Department of Finance. He...
Real estate leaders remain bullish on investment outlook
Debt & Equity

Real estate leaders remain bullish on investment outlook

REW
by REW1486
Top real estate executives remain optimistic about the performance potential of the U.S. market, according to the findings of the 2016 Real Confidence survey. Commercial real estate investors, however, will keep in mind the realities of doing business in a moderately expanding economy as they consider the landscape for this...
NCB reports strong earnings, growth in desposits
Debt & Equity

NCB reports strong earnings, growth in desposits

REW
by REW1185
National Cooperative Bank (NCB), a financial services company that provides banking products and services to co-operatives nationwide, reported consolidated earnings of $13.9 million for 2015. “We are pleased to report the Bank’s positive corporate results for 2015,” said Charles Snyder, CEO of NCB. “We had a strong year of lending...
Multifamily investment demand following demographic shifts
Deals & DealmakersDebt & Equity

Multifamily investment demand following demographic shifts

REW
by REW1496
By Brian Whitmer, senior director-Capital Markets, Cushman & Wakefield For funds being allocated to acquisitions and the availability of product for sale, the multifamily sector is seeing strong investment demand overall and ready capital targeting certain asset classes. The “chosen” asset classes are those best positioned to benefit from the...
Debt & Equity

Flushing Financial hikes dividend

REW
by REW1220
Flushing Financial Corporation the parent holding company for Flushing Bank, announced that the Board of Directors declared a quarterly dividend on its common stock of $0.17 per common share, payable on March 30, 2016 to shareholders of record at the close of business on March 9, 2016. John R. Buran,...
Tower Management refinances 1,300-unit housing portfolio with $98M in securitized loans
Debt & Equity

Tower Management refinances 1,300-unit housing portfolio with $98M in securitized loans

REW
by REW1103
Holliday Fenoglio Fowler secured financing totaling $98.403 million for an 11-property multi-housing portfolio totaling 1,300 units located in various New Jersey and New York locations. HFF worked exclusively on behalf of Tower Management Service, L.P. to place 11 separate 10-year, interest only, fixed-rate loans with Freddie Mac’s (Federal Home Loan...
Mesa West funds $41M loan to reposition office campus
Debt & Equity

Mesa West funds $41M loan to reposition office campus

REW
by REW1265
Mesa West Capital has provided Artemis Saracen Investments, a joint venture between Saracen Properties LLC and Artemis Real Estate Partners, with $40.8 million in first mortgage debt to reposition a historic one-million-square-foot office campus in Maynard, MA. Formerly known as Clock Tower Place, the newly rebranded Mill & Main is...
Debt & Equity

Advalurem recaps prime multifamily complex

REW
by REW1563
New York-based Advalurem Group has completed a preferred equity investment in Bella Madera at Lake Lewisville in Lewisville, Texas. The 612-unit, Class A, garden-style apartment community is located in one of the fastest growing areas of Dallas. Advalurem initially completed a common equity investment with its partner, BRES, after the...