News: Brokerage

Miceli of the Largo Group of Companies places $14 million in financing for 218-unit multifamily

Perry Miceli, managing director for the Largo Group of Companies, arranged $14 million in financing for Eagle Ridge Apartments. The structure of this deal included a 10-year term with a competitive fixed rate and a 20-year amortization schedule. Eagle Ridge Apartments is a garden-style apartment complex located one mile from the gate of the Fort Drum Army Base in the northern part of NYS. The complex was constructed in 2007 and represents the newest multifamily inventory in the market. It is currently 95% occupied and consists of 218 two and three-bed­room units. The borrower is a highly experienced owner/operator of multifamily properties throughout the U.S.
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Columns and Thought Leadership
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,
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
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