News/Events
Dwight Capital Provides $24M Refi on New Jersey Multifamily Building
New Jersey developer Fadi Samaan has landed $23.5 million of U.S. Department of Housing and Urban Development (HUD)-backed debt to refinance a multifamily complex in Passaic, NJ., Commercial Observer has learned. Dwight Capital supplied the HUD 223(f) loan on the 104-unit Station at Passaic Phase II development, completed in 2024. The deal, which was originated…
Developers Riding The Surf Park Wave With Resorts, Retail And Residences
The $4B industry is adding new parks every year and expanding the scope of developments to include restaurants, bars, hotels and even homes.
Report: Has Brexit Been a Boon to the UK?
On June 23, 2016, citizens turned out in a national referendum to decide whether the United Kingdom should withdraw from the European Union. After the dust settled, 51.89% voted in favor of departing, while 48.11% voted to “Remain.” By December 2020, the UK officially left the EU. Ten years after the highly contentious vote that…
More Hotel Owners In Need Of Cash Are Getting It From The Big Brands
The payments help sweeten the pot for investors looking to boost their margins in a tough market.
Tom Giordano of Suffolk Construction: 5 Questions
From a young age, Tom Giordano, general manager of the New York region for Suffolk Construction, had one goal. That was to follow in his uncle’s footsteps and become a lawyer to benefit his community. After going from litigation to representing general contractors, developers and design professionals on legal matters, he joined Morse Diesel Construction…
Boston Property Owners Raise Alarms About Cost Of Electric-Building Push
A lack of new energy infrastructure and heightened demand have increased costs for owners trying to electrify existing buildings.
Philly's Big-Box Warehouse Owners Subdivide Spaces After Developing 'The Wrong-Size Buildings'
The large spaces constructed in the wake of the e-commerce boom aren't receiving demand from the full-building tenants that owners initially targeted.
Delshah Capital Acquires Five Upper West Side Apartment Buildings for $37M
Michael Shah’s Delshah Capital is back at it again with another multi-address, multifamily acquisition. The real estate private equity and asset management firm paid Quality Capital USA $36.9 million for five residential buildings just west of Central Park on Manhattan’s Upper West Side, according to property records filed Thursday. The first batch of six-story apartment…
