Excerpt from the Real Deal website: Tidewater Capital has expanded its real estate portfolio by acquiring three office buildings in Sunnyvale for $65 million. This acquisition is part of a broader investment spree in Silicon Valley, following a $100 million deal involving seven nearby properties. The newly acquired Sunnyvale Business Center spans 175,000 square feet […]
Excerpt from the Commercial Observer website: A new condo tower is saying “HeY” to Hudson Yards, and just got the dollars to rise. When completed, the new building will comprise 128 residential units across 11 stories and also include ground- and cellar-level commercial space. Maxim Capital Group provided the loan, which retires existing debt and […]
Excerpt from the Commercial Observer website: Clara Homes has landed $53.6 million of construction financing to build a multifamily development in Bay Harbor Islands in Miami-Dade County, Commercial Observer can first report. Maxim Capital Group provided the loan on the Miami-based developer’s planned Clara Bay Harbor 100th project, the second phase of a luxury rental […]
Excerpt from the Commercial Observer website: A joint venture between London developer Chelsfield Group and investment firm Ram Holdings has sealed a $50 million loan to refinance its newly renovated SoHo office building. Maxim Capital Group, Sabal Investment Holdings and GDS Brightstar provided the loan on the joint venture’s 12-story 114 Crosby Street, the lenders […]
Excerpt from Crain’s New York Business: A recently renovated boutique office building in SoHo has landed a luxury outdoor apparel company as a tenant as well as a $50 million loan, the lenders have shared with Crain’s. Manhattan-based mortgage lender Maxim Capital Group, together with Sabal Investment Holdings — an investment management firm headquartered in California […]
Excerpt from the Commercial Observer website: A joint venture between London developer Chelsfield Group and investment firm Ram holdings has sealed a $50 million loan to refinance its newly renovated SoHo office building. Maxim Capital Group, Sabal Investment Holdings and GDS Brightstar provided the loan on the joint venture’s 12-story 114 Crosby Street, the lenders announced Wednesday. Loan proceeds will be […]
Excerpt from the Commercial Observer website: Billy Haber joined Maxim Capital Group five years ago from Meridian Capital Group, but the move might never have happened had it not been for the feverishly interpersonal nature of commercial real estate. Haber interviewed with another firm that liked him but didn’t have an open role that was […]
Excerpt from the Real Deal website: Three years after scoring approval for a 285-unit multifamily project in Pompano Beach, Art Falcone opted to sell the development site for $13.5 million. AMAC, led by Ivan and Maurice Kaufman, and Coral Gables-based ROVR Development bought the 6.2-acre property at 3151-3251 North Federal Highway, said Jeremy Forman, vice […]
Excerpt from the Real Deal website: Luxury condo developer Legion Investment Group and EJS Development have bought a development parcel in Greenwich Village for $57.5 million. The new owners plan to demolish the six-story building at the site, 5 West 13th Street, records show. It was once home to the New York City Human Resources Administration. […]
Excerpt from Crain’s New York Business: Developer Victor Sigoura’s Legion Investment Group continues to inject life into an otherwise remarkably slow year for property sales. The firm has partnered with real estate firm EJS Group to buy 5 W. 13th St. near Union Square in Greenwich Village for $57.5 million, according to property records and […]
Excerpt from the Multi-Housing News website: Aptitude Development has started construction on The Marshall Tempe, a 485-bed student housing project near Arizona State University’s Tempe, Ariz., campus. Development partners include architecture firm BKV Associates and engineering company CHA Consulting. The project will rise on 1.4 acres on the former site of a 72-key hotel. According […]
Excerpt from Crain’s New York Business: Luxury builder Alloy Development has purchased a Boys & Girls Club facility near the Brooklyn Navy Yard for $15 million in a deal intended to generate funds for the club to help it pay for a $22 million settlement relating to abuse claims. A flood of lawsuits from the […]