Kennedy funds Williamsburg apartment construction

Kennedy Funding Financial has closed a $2 million loan to LZBC Next Level Realty to fund the construction of an eight-unit, four-story walk-up building at 100 Scholes Street .....»»

Category: realestateSource: realestateweeklyApr 25th, 2018

Miami Beach hotel starts expansion, renovations with $42M construction loan

The building will have more retail space......»»

Category: topSource: bizjournalsSep 17th, 2018

TRANSACTIONS: Hirshmark funds industrial bridge loan; HKS brokers refi’ for new Astoria apartment building

Hirshmark Capital, through an affiliate enti.....»»

Category: realestateSource: realestateweeklySep 12th, 2018

TRANSACTIONS: Eastern Union Funding arranges Hempstead acquisition loan; Meridian brokers Hoboken mortgage

Eastern Union Funding announced the followi.....»»

Category: realestateSource: realestateweeklySep 5th, 2018

Inwood rezoning quickly spawns new apartment construction

A developer filed plans for a 30-story building in Inwood, which was recently rezoned for greater density after a contentious City Council vote. Maddd Equities pre-submitted plans for a project at... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkAug 31st, 2018

New Seminole Heights apartments hit construction milestone, to begin pre-leasing (Photos, renderings)

Avenue Lofts, an apartment-and-retail development in Seminole Heights, will celebrate a major construction milestone on Friday. The building will top out — meaning it's reached its highest point — and interior construction on apartments will beg.....»»

Category: topSource: bizjournalsAug 29th, 2018

U.S. Housing Starts Bounced Back in July

U.S. housing starts rebounded in July, with single-family construction and apartment building picking up from a sharp drop in June......»»

Category: smallbizSource: wsjAug 16th, 2018

The Woodberry, a 284-unit luxury apartment on Cold Spring Lane begins construction

Developers of a 284-unit multi-family development planned for North Baltimore this week closed on a $64.5 million loan backed by the U.S. Department of Housing and Urban Development's multifamily housing office. The Woodberry was expected to begi.....»»

Category: topSource: bizjournalsAug 16th, 2018

JLL arranges loan for Morgenstern’s High Line buy

JLL Capital Markets experts arranged the financing for Morgenstern Capital LLC’s purchase of a four-building High Line Portfolio. Morgenste.....»»

Category: realestateSource: realestateweeklyJul 25th, 2018

U.S. Housing Starts Dropped Sharply in June

U.S. housing starts fell starkly in June after making solid gains the prior month, as single-family home construction and apartment building dropped from May......»»

Category: smallbizSource: wsjJul 18th, 2018

$28M construction loan secured for uptown hotel

Construction financing has been secured for a new hotel in uptown Charlotte. A $28 million construction loan has been arranged for a joint venture that's building a 176-room Even Hotel at the Stonewall Station mixed-use development. Georgia develope.....»»

Category: topSource: bizjournalsJul 9th, 2018

Princeton International refinances 232 Madison

Meridian Capital Group arranged $49 million in financing to refinance an office building in midtown south on behalf of owner Princeton International Properties. The five-year loan, provided by .....»»

Category: realestateSource: realestateweeklyJul 5th, 2018

Lerner"s latest community, Black Hill Germantown, now under construction

Lerner Enterprises has started work on the first phase of Black Hill Germantown, a 355-unit apartment building that is but a fraction of a much larger planned community. Located 1.5 miles north of Germantown Town Center, on the west side of Inters.....»»

Category: topSource: bizjournalsJun 28th, 2018

TRANSACTIONS: Meridian closes $10.8M loan on West Side; Marcus & Millichap arrange $2.5M refi on Bronx building


Category: realestateSource: realestateweeklyJun 20th, 2018

TRANSACTIONS: Emerald Creek arranges Gowanus construction loan; Brick Capital funds UES mortgage;

Brick Capital Partners LLC, announced the following transactions: • Through an affiliate entity, Brick provided a second mortgage in the amount of $4,000,000 to a private real estate owner. Locat.....»»

Category: realestateSource: realestateweeklyMay 23rd, 2018

Joint venture lands $350M construction loan for 15 E. 30th Street

The developers behind a 756-foot condo building in NoMad secured a $350 million construction loan this week. New York-based developer JD Carlisle Development Group and Shanghai’s Fosun International landed the loan from B.....»»

Category: realestateSource: realestateweeklyMay 8th, 2018

TRANSACTIONS: Meridian inks $8M Flushing loan, GCP arranges $30M in loans

Meridian Capital announced the following transactions: • A new mortgage in the amount of $8,300,000 on a 68-unit multifamily property located on 148th Street in Flushing, NY. The loan features a rate of 3.75% and a seven-yea.....»»

Category: realestateSource: realestateweeklyApr 25th, 2018

Tishman closes on $380M construction loan in Brooklyn

Tishman Speyer closed on a $380.6 million loan to finance the construction of 11 Hoyt, a 480-unit luxury condo building in Downtown Brooklyn. With funding for the proj.....»»

Category: realestateSource: realestateweeklyApr 19th, 2018

French Lick Resort is building a $17 million addition

French Lick Resort is spending $17 million to add 56 guest rooms and a new sports bar. The 54,000-square-foot addition is near the Indiana resort's event center and French Lick Casino. The first phases of construction have begun, and both the six-story.....»»

Category: topSource: bizjournals7 hr. 41 min. ago

City needs to do the math before renewing PLAs

To the editor:  Building Construction Trades Council President Gary LaBarbera recently wrote that Project Labor Agreements (PLAs) have resulted in “savings of more than 9% on New York City... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 17th, 2018