News:
Brokerage
Posted: May 12, 2014
Hendy and McCulloch of Houlihan Parnes Realtors place $1 million loan on 123-129 Halstead Avenue
Rich Hendey and Steve McCulloch of Houlihan Parnes Realtors, LLC have placed a $1 million loan on 123-129 Halstead Ave. located across the street from the Mamaroneck train station. The non-recourse loan was done at par and has a fixed rate of 4% for a period of five years with a 30 year amortization schedule. The Borrower has a five year option to renew. The recent façade renovation and upgrade to the common areas enabled the owners to attract a stable mix of office and retail tenants to further increase the value of this asset. The loan was placed with a regional bank and the borrowers were represented by John Nickelsberg of the law firm Rabine & Nickelsberg.
Tags:
Brokerage
MORE FROM Brokerage
Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.
Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10th St. in Greenwich Village
.jpg)
.gif)
Columns and Thought Leadership
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
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
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.
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,
.gif)