Small Business Administration Leans Into Private Sector for Influx of Distressed Borrowers

The Small Business Administration is expected to lean on the private sector to help process the influx of loans offered through the CARES Act – Coronavirus Aid, Relief and Economic Stimulus Act, intended to help millions of small and midsize businesses through SBA 7(a) loans.

       

source https://feeds.feedblitz.com/~/620581530/0/globest/new-york~Small-Business-Administration-Leans-Into-Private-Sector-for-Influx-of-Distressed-Borrowers/

Minskoff Equities Acquires Dumbo, Brooklyn Development Site

Edward J. Minskoff Equities, a real estate development firm headquartered in New York City, has acquired 29 Jay St., a development site in Dumbo, Brooklyn for $61.5 million. The seller of the property, the Forman Group, was represented by Jones Lang LaSalle in the transaction.

       

source https://feeds.feedblitz.com/~/620578946/0/globest/new-york~Minskoff-Equities-Acquires-Dumbo-Brooklyn-Development-Site/

BEB Capital Rolls Out Bridge Loan Offering for Last-Mile Distribution Centers

Real estate owner and developer BEB Capital has formed a new division offering bridge loans to meet the growing demand for last-mile distribution services. The new division will make loans on small to mid-sized assets on the East Coast, where BEB Capital operates.

       

source https://feeds.feedblitz.com/~/620578948/0/globest/new-york~BEB-Capital-Rolls-Out-Bridge-Loan-Offering-for-LastMile-Distribution-Centers/

Final Days to Nominate for CRE’s Women of Influence

Nominations for the series close next week on April 3rd. Be sure to submit your entries in time! Chosen individuals will be recognized at our GlobeSt. Women of Influence Awards Dinner in Park City, Utah on July 23.

       

source https://feeds.feedblitz.com/~/620551514/0/globest/new-york~Final-Days-to-Nominate-fornbspCRE%e2%80%99s-Women-of-Influence/

Grace Bay Resorts Executes Multi-Prong Approach, Navigates Coronavirus Pandemic

Grace Bay Resorts, a multi-disciplined real estate firm with proprietary condo-hotel management and development divisions, is looking at each part of the business differently to navigate the effects of the coronavirus, also referred to as COVID-19, Mark Durliat, CEO at the firm, tells GlobeSt.com.

       

source https://feeds.feedblitz.com/~/620531780/0/globest/new-york~Grace-Bay-Resorts-Executes-MultiProng-Approach-Navigates-Coronavirus-Pandemic/

Kaufman Investments Acquires Midtown South Mixed-Use Property

Kaufman Investments has acquired 56 West 22nd St., a 66,190-square-foot boutique office and retail property in the Flatiron District for $48.5 million. Jones Lang LaSalle arranged the transaction for the 12-story property.

       

source https://feeds.feedblitz.com/~/620531798/0/globest/new-york~Kaufman-Investments-Acquires-Midtown-South-MixedUse-Property/

TriBeCa Office Building, Shinola Flagship Changes Hands

Between Greenwich and Hudson streets in Manhattan’s TriBeCa neighborhood, a seven-story boutique office building at 177 Franklin St. has traded for $16.75 million. The property is the flagship store of Shinola, an American lifestyle brand.

       

source https://feeds.feedblitz.com/~/620531784/0/globest/new-york~TriBeCa-Office-Building-Shinola-Flagship-Changes-Hands/

Tech-Driven Brokerage Elegran Enters Hibernation Mode During Coronavirus

Elegran, a tech-driven real estate brokerage firm headquartered in New York, is making an effort to preserve cash, negotiate vendor contracts, study available data and communicate with its clients to weather the effect of the coronavirus pandemic, also referred to as COVID-19, Michael Rossi.

       

source https://feeds.feedblitz.com/~/620532166/0/globest/new-york~TechDriven-Brokerage-Elegran-Enters-Hibernation-Mode-During-Coronavirus/