Katz of Deerwood negotiates $28.8 million loan for mixed-use property

Deerwood Real Estate Capital secured a loan in the amount of $28.8 million for a mixed-use property located at 488 7th Ave. The building contains 108 residential units and four commercial spaces. Deerwood founding partner Abe Katz negotiated a 10-year term with two years interest-only. The transaction was structured to accommodate commercial income and other specific borrower needs. Stated Katz, "We were pleased to be able to rate lock and secure credit approval within 20 days of receiving the application." Regarding the current commercial real estate market, Katz continued, "We have definitely seen a significant upturn in the market over the past six months and certainly hope to see that trend continue."

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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 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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Columns and Thought Leadership

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