Finance Archives - Page 3 of 4 - Real Estate Weekly

Newmark announces $476M recaplitalization of 225 Binney Street

REW December 31, 2021 December 31, 2021

by REWDecember 31, 2021December 31, 20213745

Newmark announces the $476 million recapitalization of 225 Binney Street, a 305,212-square-foot office complex located in Cambridge, Massachusetts. Newmark Co-Head of U.S. Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen and Managing Director Samantha Hallowell of the firm’s Boston Capital Markets Group procured a global institutional...

Debt & Equity Finance

Square Mile makes $75M equity investment in new McSam hotel

REW June 23, 2021 June 23, 2021

by REWJune 23, 2021June 23, 20213639

The 1,046-key multi-branded hotel project is rising at 150 W 48th Street in the Times Square submarket.

Featured Finance

COVID costing city $100M in lost real estate tax

REW August 19, 2020 August 19, 2020

by REWAugust 19, 2020August 19, 20202127

REBNY reports that drop in property sales - the city's biggest contributor of tax revenue - has created $101 million shortfall

Construction & Design Finance

Developer closes on $23M construction loan for veterans housing venture

REW August 4, 2020 August 4, 2020

by REWAugust 4, 2020August 4, 20204629

WinnDevelopment and Soldier On are building the 70-unit Gordon H. Mansfield Veterans Village in Tinton Falls

Coronavirus Finance

State’s public housing authorities to share $42M HUD funding

REW May 6, 2020 May 6, 2020

by REWMay 6, 2020May 6, 20202131

HUD secretary Ben Carson says the extra money will hep protect tenants and staff during the coronavirus pandemic.

Featured Finance

City offers to help property owners with tax payments

REW March 24, 2020 March 24, 2020

by REWMarch 24, 2020March 24, 20205218

Commissioner Jacques Jiha says DOF wants to ensure those who are struggling have one less burden to deal with as we work toward economic recovery.

Deals & Dealmakers Finance

Savills closes on leading project management firm Macro Consultants

REW March 19, 2020 March 19, 2020

by REWMarch 19, 2020March 19, 20204240

The deal rapidly scales and strengthens the global commercial real estate firm’s existing advisory service in North America with industry-leading capital projects experts. Savills has completed its acquisition of Macro Consultants LLC, a leading project management firm. The agreement accelerates the expansion of Savills existing advisory and management services platform...

Featured Finance

IRS delays corporate tax payments for 90 days

REW March 19, 2020 March 19, 2020

by REWMarch 19, 2020March 19, 20202700

Move will result in about $300 billion of additional liquidity in the economy in the near term.

Finance

Tentative FY21 assessment roll released by department of finance

REW January 15, 2020 January 15, 2020

by REWJanuary 15, 2020January 15, 20203207

The New York City Department of Finance Commissioner Jacques today announced the publication of the tentative assessment roll for Fiscal Year 2021 (FY21).

Banking and Finance Deals & Dealmakers Finance

K&R forms new equity partnership for affordable housing portfolio

REW January 8, 2020 January 8, 2020

by REWJanuary 8, 2020January 8, 20203278

K&R Preservation, the New York City-based affordable housing development firm, announced that the firm has formed an equity partnership with San Francisco-based Belveron Partners, LLC, a privately held investment firm.