News: Brokerage

GCP Capital Group arranged 11 mortgage deals totaling $87.35 million

GCP Capital Group LLC has arranged mortgage financing totaling of $87.35 million for the following 11 properties: * $25 million for a garden apartment complex containing six buildings with a total of 242 units, located in Paterson, N.J. Adam Brostovski, principal of GCP, arranged the financing. * $14.5 million for three, five-story mixed-use buildings containing a total of 92 units and 18 stores, located throughout Upper Manhattan. Paul Greenbaum, managing member of GCP, arranged the financing. * $11 million for a six-story apartment building containing 33 units and two ground floor retail units, located on Morton St. in Manhattan. Matthew Classi, managing member of GCP, arranged the financing. * $10 million for two contiguous seven-story apartment buildings containing a total of 64 apartments and 3,300 s/f of commercial space, located in Harlem. Alan Perlmutter, managing member of GCP, arranged the financing. * $7.7 million for a six-story apartment building containing 16 apartments and one store, located on St. Marks Place in Manhattan. David Sessa, senior associate of GCP, arranged the financing. * $6.25 million for a six-story apartment building containing 60 units and seven stores, located on West 180th St. in Manhattan. Greenbaum arranged the financing. * $3.2 million for a three-story office building comprised of 22,500 s/f, located on 11th Ave. in Manhattan. Greenbaum arranged the financing. * $3.2 million for a two-story elevator office building of 33,000 s/f containing 13 commercial spaces, located in Mineola, Nassau County. Matthew Classi, managing member of GCP, arranged the financing. * $2.75 million for a four-story apartment building containing 20 units, located on East 22nd St. in Brooklyn. Greenbaum arranged the financing. * $2.25 million for a five-story mixed-use building containing 24 units and two commercial units, located on East 187th St. in the Bronx. Brostovski arranged the financing. * $1.5 million for a five-story apartment building containing 20 units, located on West 138th St. in Manhattan. Stephen Katz, senior associate of GCP, arranged the financing.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,