Eastern Consolidated
CRE Industry Leader Peter Hauspurg Dies at 67
Colleagues paid tribute to the longtime leader of the New York City investment advisory firm as a generous, principled mentor.
LIC Warehouse Lands $23M Financing
Circle F Capital will use the loan to redevelop the former manufacturing facility into residential apartments, retail space, storage units and parking.
Eastern Consolidated Arranges $121M Financing for NYC Hotel
The real estate firm orchestrated a $97.5 million first mortgage and a $23.9 million mezzanine construction loan for the McSam Hotel Group’s development of a dual-branded, 526-key lodging project in Chelsea.
Downtown Boston Asset Trades for $63M
Colliers International will be in charge of identifying and securing suitable retail and office tenants for DTX 399. The property has been vacant for 10 years and will undergo a major facelift this summer.
Lansco’s Robin Abrams Joins Eastern Consolidated
After more than 38 years at Lansco Corp., Abrams will join the firm as a principal and vice chairman of retail. She is bringing along her team of brokers, as part of the Abrams Retail Strategies group.
Eastern Consolidated Secures $108M for NYC Condo Project
XIN Development’s seven-story building in Hell’s Kitchen will include 82 residential condominium units, as well as lower-level and ground-floor retail.
Hyatt Place Project in Times Square Lands Financing
Eastern Consolidated has arranged a $120 million construction loan on behalf of McSam Hotel Group.
Special Report: How Rate Hikes Will Affect CRE
The Fed’s move shouldn’t harm investors’ appetites for assets, but more buyers may start looking for deals with shorter-term leases and frequent resets.