Category : Funds and Finance

Crescit Capital Strategies Originates Bridge Loan for 35,000-SF Retail Property in Tacoma, Washington
Funds and Finance

Crescit Capital Strategies Originates Bridge Loan for 35,000-SF Retail Property in Tacoma, Washington

REW
by REW1785
 Crescit Capital Strategies continues its capital investment into U.S. retail assets. Today the commercial real estate finance platform announced they have successfully closed a $7,000,000 fixed-rate bridge loan for the refinancing of a 35,000-square-foot retail property in Tacoma, Washington. Crescit originated the 3-year fixed rate bridge loan with two one-year extension options....
Asland Capital Partners and Pembroke Residential Holdings secure $100M of construction financing for 154-unit affordable senior apartment project in NYC
Funds and FinanceResidential

Asland Capital Partners and Pembroke Residential Holdings secure $100M of construction financing for 154-unit affordable senior apartment project in NYC

REW
by REW2583
Asland Capital Partners (“Asland”) and Pembroke Residential Holdings (“Pembroke”) have secured $100 million in financing to begin the development of 1940 Turnbull Avenue, a 154-unit affordable residential property located in the Soundview Neighborhood of The Bronx, New York. The 14-story project, scheduled for completion in fall of 2024, will be...
$197 Million Acquisition Loan Arranged by Progress Capital
Funds and Finance

$197 Million Acquisition Loan Arranged by Progress Capital

REW
by REW2738
Brad Domenico, Partner at PROGRESS CAPITAL secured $196.9 Million in acquisition financing on behalf of a partnership between Fred Arena, CEO of Vision Properties and Hana Financial, to purchase a 432,000 SQFT, state-of-the-art office building located at 70 Hudson Street in Jersey City, NJ. The property is a stunning 12-story...
114 Fifth Secures Four-Floor Lease with Chainalysis
Funds and Finance

114 Fifth Secures Four-Floor Lease with Chainalysis

REW
by REW4422
  L&L Holding Company today announced that it has completed a multi-floor lease conversion, extension and expansion with the blockchain data platform Chainalysis at 114 Fifth Avenue, the landmark office tower in the heart of Manhattan’s Flatiron District.  Owned by a joint venture of Columbia Property Trust, Allianz Real Estate and L&L Holding...
ERG Promotes Ryan Lewis TO Managing Director
Banking and FinanceFinanceFunds and Finance

ERG Promotes Ryan Lewis TO Managing Director

REW
by REW2747
ERG Commercial Real Estate has promoted Ryan Lewis from Senior Advisor to Managing Director at the Long Island-based investment sales, finance and property management firm. In his new role Lewis will be responsible for managing the commercial sales and investment team, handling deal flow, broker training and helping to successfully close deals whether they...
JLL Capital Markets arranged loans for two luxury properties
Funds and Finance

JLL Capital Markets arranged loans for two luxury properties

REW
by REW3356
JLL Capital Markets announced today that it has arranged financing for two luxury, mid-rise multi-housing properties totaling 335 units in the northern New Jersey community of Rahway. JLL worked on behalf of the borrower, Sterling Properties Group, LLC and AST Development, to place two separate 10-year, fixed-rate loans with New York...
Deals & DealmakersFeaturedFunds and Finance

Digital Currency Group and Jamestown Partner to bring One Times Square to the Decentraland Metaverse

REW
by REW5193
Digital Currency Group (DCG), the most active investor in the blockchain and digital assets industry, and global real estate firm Jamestown today announced a joint partnership to recreate One Time Square in Decentraland, the leading decentralized virtual world. DCG is one of the largest owners of digital real estate (“LAND”) in Decentraland. Jamestown is the...
Newmark announces $476M recaplitalization of 225 Binney Street
Deals & DealmakersFinanceFunds and FinanceProperty Managers

Newmark announces $476M recaplitalization of 225 Binney Street

REW
by REW3745
  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...
HPD Announces Plans For Affordable Housing And Facilities in Bronx
Construction & DesignDeals & DealmakersFeaturedFunds and FinanceResidential

HPD Announces Plans For Affordable Housing And Facilities in Bronx

REW
by REW6870
 The New York City Department of Housing Preservation and Development (HPD) today announced plans to bring more deeply affordable housing and community space to the Bronx, advancing a key commitment of the Jerome Avenue Rezoning to transform a city-owned site on River Avenue. After a thorough Request for Proposals (RFP)...
NYCHA and HDC finalize $1.4B deal for Brooklyn Residents
Construction & DesignDeals & DealmakersFeaturedFunds and FinanceResidential

NYCHA and HDC finalize $1.4B deal for Brooklyn Residents

REW
by REW13849
On Tuesday, the New York City Housing Authority (NYCHA) and New York City Housing Development Corporation (HDC) closed on the financing of three Permanent Affordability Commitment Together (PACT) transactions to fund comprehensive renovations for 5,226 apartments across six NYCHA campuses in Brooklyn: Williamsburg Houses, Linden Houses, Penn-Wortman Houses, Boulevard Houses,...