Cooper-Horowitz, Inc. arranges financing for the following properties:
*75 First Ave., a 13-story, 34-unit condo development. The loan was for $21 million. George Stergiopoulos and Bruce Marcus represented the firm.
*FedEx Distribution Center, One Johnson Rd., Inwood, NY, a 1 and 2 story industrial building containing 45,960 s/f of office and warehouse space. The loan was for $7.492 million. Jayson Schwartz represented the firm.
*198 Grumman Rd., Bethpage, NY, a industrial building. The loan was for $11.55 million. Schwartz represented the firm.
*The Bernard Court & The Crossroads Shopping Center, Jonesboro, Arkansas, 2 retail centers containing 150,065 s/f. The loan was for $13.7 million.George Stergiopoulos and Jeffrey Bijur represented the firm.
*Jackson Plaza Shopping Center, Cookeville, Tenn.: A 350,742 s/f shopping center. Acquisition financing for $24.3 million and preferred equity for $4.456 million. Stergiopoulos and Bijur represented the firm.
*Brookstone Valley Apartments, Drummond Square, Flint, MI: A 219 unit garden apartment complex. The loan was for $4.2 million. Robert Vegh and Mark Waldman represented the firm.
*Madison Park Townhouse, Vanderbilt Dr., Mount Morris, MI: A 150-unit garden apartment complex. The loan was for $6.2 million. Vegh and Waldman represented the firm.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary