Category : Debt & Equity

The Brooklyn Chamber of Commerce, in partnership with New York Business Development Corporation (NYBDC), has created “The Brooklyn Fund” to provide Brooklyn-based small business owners — and especially the borough’s immigrant entrepreneurs — with access to business loans to help promote growth and expansion.

More than 1,000 banking, finance and real estate decision-makers crowded the New York City Bar Building for the Second Annual NYC Finance Expo.

By Larry Boes, executive vice president, Kensington Vanguard Over the past five-to-seven years, the real estate community has learned many lessons that have made the industry smarter about how time and money are spent. One trend is that both buyers and sellers involve title companies much earlier in the deal...

Edge Principal Advisors, LLC, a real estate investment management company, announced the final closing of its second discretionary fund. Total equity commitments for Edge Principal Investments II, L.P. are approximately $300 million. Edge will invest in all property types and, with leverage, has over $1.0 billion of buying power.

Cushman & Wakefield served as exclusive advisor to an affiliate of Alfred Sanzari Enterprises in arranging a $32 million non-recourse financing for Glenpointe Centre West, an office property in the Glenpointe Complex in Teaneck, NJ.

Kennedy Funding, a private lender, has launched Kennedy Funding Lending Lounge, a new web site designed to generate conversation and serve as an industry resource.

An increase in the number of large, class A office buildings that have come to market since the beginning of the year may signal that the New York City investment sales market is on track to becoming overheated, according to recently released research from Avison Young. Total dollar volume of first-quarter New York City commercial real estate sales on a year-to-year basis was up 46%, increasing to $8.6 billion from $5.8 billion in the first quarter of 2012, and producing the best first-quarter results in several years. Avison Young notes that the increase is attributed to the sales of four substantial properties since the start of 2013 — 550 Madison Avenue, 30 Rockefeller Plaza, 237 Park Avenue and 75 Rockefeller Plaza — which combined account for $3.8 billion of the quarter’s dollar volume.

Do you consider yourself a real estate professional? The IRS may have a different definition – and it may be the difference between costing or saving you a significant amount of tax dollars.