The $71.28 million permanent FHA financing enables the borrower to exit an initial bridge loan used for the purchase in November 2017 and to continue with large scale renovations.

The firm's emphasis on relationship development and network of repeat borrowers bolsters its execution of the national transactions—which accounted for more than half of total dollar volume in 2019.

Whether a renter is considered a Baby Boomer, Millennial and Gen Zer, the common denominator is the desire to have inexpensive and flexible living accommodations within short distances to resources and transportation.

Thor Equities Group, a real estate development, leasing and management firm has appointed Danny Sachnowitz, formerly of the Texas Treasury Safekeeping Trust Company, a municipal investment arm, as executive vice president of the company.

Inspection requirements and penalties for building exteriors in New York City could grow stricter and cost big fines for property owners under an update to Local Law 11 beginning this February, which requires hands-on inspections of all facades for buildings six stories or taller.

Greystone, a commercial real estate lending, investment, and advisory firm, has bulked up its special servicing capabilities, acquiring Dallas-based C-III Asset Management, a special servicer with a $20.7 billion servicing portfolio.

IPG has appointed Graham Stephens, formerly of Jones Lang LaSalle in New York City, as a principal in its investments team and head of capital markets.

Commercial real estate has received an energy shot as the industry rushes to innovate the traditional antiquated process of architecture and design, motivated to attract and retain tenants in a world where customer experience and engagement are key to operational success.