Top NYC commercial loans recorded in October 2019
By Adam Pincus 1) The Chinese conglomerate Fosun International’s $1.1 billion loan at 28 Liberty
Financing
In twist, 1031 exchange rules may be weakening NYC investment sales
IRS tax regulations allow owners angry with city’s new regulations to sell and move equity
Top NYC commercial loans recorded in September 2019
Current and former JLL brokers dominated large deal brokerage last month By Adam Pincus 1)
Isaac Hager’s Cornell Realty buys Tillary Hotel and apartments from Chetrit Group, Read Property Group for approximately $95M
By Adam Pincus UPDATED 7:45 a.m., 9/22/2019: Isaac Hager’s Cornell Realty Management and Rubin Equities
Secured financing cut on several high-profile assets: Ranking of top NYC lenders August 2019
By Adam Pincus Two of the largest loans recorded last month saw the recorded debt
HUD’s Section 8 subsidizes $9K monthly rents at Vornado’s Independence Plaza
Federal government pays millions to landlords above regular subsidy caps HUD dollars bridge conflicting policy
$1B-plus in take-out financing likely for Tishman, Rockrose, in LIC this year
Developers have opened large rental towers in growing Queens market By Adam Pincus Tishman Speyer
L+M, Monadnock, dominate in struggle to build city-financed housing
Annual total rising for grants and loans By Adam Pincus The $644 million the City