New York
Small Balance Loans to Hit High Marks in 2017
John Caulfield, COO of Arbor Realty Trust, the first lender to reach $2 billion in Freddie Mac Small Balance loans, discussed why this financing sector is expected to grow even further.
Brixmor Sells Buffalo Shopping Center
In a deal brokered by Cushman & Wakefield, an affiliate of Brixmor Property Group sold a 95,544-square-foot retail center in Buffalo, N.Y. At the time of the sale, McKinley Plaza was 98 percent occupied.
Levin Appoints New VP & CFO
Real estate veteran Paul Tavaglione will step up as vice president & chief financial officer, after serving for 16 years in various finance roles within the company.
Furniture Company Leases 47 KSF in Suburban NJ
In a deal brokered by NAI James E. Hanson, GBK Group Inc. expanded its warehousing and distribution business by occupying space at a retail and industrial/flex building in Fairview, N.J.
SL Green, Vornado Snag $1.2B Refi for Manhattan Tower
The new loan on the 280 Park Ave. office building, now 97 percent leased following its emergence from a sweeping $150 million renovation, replaces the $900 million refinancing secured in 2016.
Kimmerle Group Boosts Multigenerational Leadership
Robert Kimmerle, son of company founder & president George Kimmerle, has returned to the firm as chief financial officer. He brings more than a decade of experience in financial management and will focus on providing financial and consultative support.
Informa Consolidates NYC Offices in Midtown
Fisher Brothers will welcome the events and publishing company to 605 Third Ave., a recently renovated Class A office tower. The firm plans to occupy three floors by the first quarter of 2018.
CBRE Hires New SVP in NJ
Jonathan Meisel will bring more than 30 years of experience in commercial real estate to his new role. Prior to joining the firm, he held senior-level positions at both JLL and Cushman & Wakefield.
Fully Leased NJ Industrial Asset Nabs $15M Financing
Arranged by Cushman & Wakefield, the loan was used for Camber Real Estate Partners and Advance Realty’s acquisition of a distribution center in Paterson, N.J.
Full House at Suburban NJ Shopping Center
Key Properties LLC signed three new leases at the recently developed Hanover Crossroads in Cedar Knolls, N.J., bringing the asset to full occupancy.