DONOVAN LLP

Integritas Capital , has lent $53 million to refinance one of the last undeveloped pieces of land in Red Hook, Brooklyn.

The Toronto-based partnership, known as the West Side Square Development Fund, announced Wednesday that it has entered into a loan agreement through a nominee entity known as Avenir West Side Square LLC. The financing from Bravo Property Trust will support the project that’s now rising at the northwest corner of Broadway and West Side Avenue, less than a mile from the Journal Square Transportation Center, where the developers are eyeing a 2026 delivery for the collection of r

Valley National, Bank Leumi, Be-Aviv Lend $50M on Newark Multifamily Build A RENDERING FOR 50 SUSSEX IN NEWARK TONA CONSTRUCTION & MANAGEMENT Originally Published by Commercial Observer By: Andrew Cohen Tona Construction and Management and its joint venture partner KS Group have secured $49.9 million of construction financing to build a multifamily tower in Newark, N.J., Commercial Observer has learned. Valley National Bank, Bank Leumi Le-Israel and Be-Aviv supplied the two-

5-7 Mercer Street Originally Published in The Real Deal Written By Eddie Small and Mark Maurer       GreenOak Real Estate has sold its Soho building at 5-7 Mercer Street to Churchill Real Estate Holdings and Square Advisors for $21 million, sources told The Real Deal. The mixed-use building is located at 5-7 Mercer Street and spans about 21,500 square feet. It contains nine rental residential units and the clothing stores Oak + Fort and Billionaire Boys Club, the clothing lin

1711-1715 First Avenue Originally Published in The Real Deal Anbau Enterprises has snapped up a trio of Upper East Side buildings that it will redevelop for $33 million, a source told The Real Deal . The parcels, at First Avenue and 89th Street, offer 88,000 square feet for residential development, the source said. Most of the site had been set to become condominiums in 2008, before the economic downtown. In 2011, owner Uri Foxbrunner defaulted on mortgages for two of the p

250 East Houston Street in the East Village (inset: Dermot Company’s Stephen Benjamin) Originally Posted in The Real Deal Written By Rich Bockmann The Dermot Company and Rockwood Capital pulled off a $57.6 million acquisition loan from BBVA Compass to close on the $100 million purchase of a 130-unit rental building at 250 East Houston Street in the East Village, the firms announced Tuesday. Dermot and Rockwood, both based in Midtown, purchased the 13-story property known as

Donovan LLP represented Be Aviv, who facilitated the refinance loan for the landlord in this transaction. The loan secured will support the new construction project, showcasing the collaboration between the lender and the property owner focused on developing the mixed-use building.

Eastern Metal Building Products LLC, the parent company of EB Metal US, has announced the acquisition of Super Stud Building Products, Inc., a construction products manufacturer. The acquisition includes Super Stud’s affiliates, Galaxy Metal Products, DragonBoard USA and FroMar Structural Wall Panel System. The combination of EB and Super Stud will create a company that offers greater product diversification over a larger geographic territory with a focus on customer satisfac

Originally Posted in the Commercial Observer Written by Rebecca Baird-Remba …Joseph Francolino Sr. unloaded 459 West 19th Street between Ninth and 10th Avenues for $20 million, according to public records filed with the city today. The single-story commercial building was home to Francolino’s trash pickup business, Duffy Carting and Recycling Company, from 1974 until 2000, according to state records. However, the building’s most recent occupant was a gallery called Postmast

Originally Published in The Real Deal Written by Eddie Small DLJ Real Estate Capital Partners has purchased a Williamsburg loft property from the family of Norman Seidenfeld and Zelda Mehl for $41.25 million, according to property records. The firm is the new owner of 151 Kent Avenue, which hit the market last year seeking $52 million. The three-story building is fully leased and spans 56,550 square feet with 46 units. The building used to be a factory but was converted in

640-644 10th Avenue Originally Published in The Real Deal Written by Tess Hoffmann SPI Holdings, a San Francisco-based investment firm, is breaking into Hell’s Kitchen with the $21 million purchase of a five-story apartment building, The Real Deal has learned. The property, at 640-644 10th Avenue between West 45th and 46th streets, contains 24 rental apartments including one- and two-bedrooms, and has three vacant retail units at the base. Midtown-based investors Michael

257 Water Street (aka 23 Peck Slip) Originally Posted in The Real Deal Written By Mark Maurer      Developer VE Equities, led by Zach Vella and Justin Ehrlich, sold a six-story rental building in Lower Manhattan for $23 million, The Real Deal has learned. The 27,000-square-foot property at 257 Water Street, also known as 23 Peck Slip, holds 20 market-rate units and ground-floor retail space occupied by Mark Joseph Steakhouse and Acqua Restaurant & Wine Bar. The deal includ

221-225 West 17th Street Originally Published in The Real Deal Written by Mark Maurer Real estate investment firm DelShah Capital bought a six-story commercial building in Chelsea for $26.4 million, according to property records filed with the city today.The 38,710-square-foot property at 221-225 West 17th Street between Seventh and Eighth avenues hit the market for $29.5 million in August. Brokers Brock Emmetsberger and Hall Oster of Massey Knakal Realty Services had

The Lanthian - 377 East 33rd Street Originally Posted in The Real Deal Written by Kathryn Brenzel The Dermot Company is in contract to buy a Kips Bay apartment building from AvalonBay Communities for $175 million, part of its effort to transition into the luxury market. A majority of the 209 units in the building — located at 377 East 33rd Street — are occupied. The 23-story building consists of 185,549 square feet of residential space and 19,000 square feet o

Donovan LLP represented Stony Clove Capital in a $2,000,000 bridge loan for the acquisition of a 10,900 square foot, mixed use property...

Donovan LLP represented Urban Standard Capital in the financing of a $5,355,000 acquisition loan for a property located in the heart of...

Donovan LLP represented Urban Standard Capital in the funding of a $6,450,000 acquisition loan for for a Development Site in Driggs, Idaho.

Donovan LLP represented Hirshmark Capital, through an affiliate entity, in the funding of a $2,700,000 acquisition/bridge loan secured...

Donovan LLP represented Stony Clove Capital in connection with a $1,700,000 Acquisition Loan for a 3,200 square foot mixed-use property...