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New Empire’s LIC condo project is aiming for a $78M sellout

NorthMarq obtains $20 million in financing from Bank of Washington for Dogtown apartment project – St. Louis Business Journal CHANNING PLACE APARTMENT PROJECT May 6, 2016 – Douglas Development Corporation has secured more than $74 million in financing from Eagle Bank, Hunt Investment Management, and Guggenheim Partners, LLC to redevelop an industrial site on Rhode Island Avenue in Northeast Washington, DC into a two-building, 297-unit rental residential

Since the auction went so well, and the units in the condo got finally sold at the lower prices, I wonder whether this auction and the sale prices there will have some effect on the NYC market with all the empty new condo buildings and many thousands of units still waiting to be sold.

New Empire Real Estate Development’s condo project in LIC is aiming for a $78 million sellout. For Sale – 17 W.12th Road, Broad Channel – Two family Waterfront home conveniently located just steps away from Cross bay Blvd, 1st flr is a garage w/ storage, 2nd.

Witt Construction sees strong demand for Saratoga Springs condos – Albany Business Review Brookland is facing a crisis in Israel. What does that mean for its US portfolio? The US provided Israel high-resolution photographs of the egyptian air force sitting on the ground, so it could be taken out easily by Israel in its surprise attack. Log in to Reply klm90046 on.

 · Anthony Hu’s Eastern Star Development has sold a 70 percent stake in its long island city condo project at 27-17 42nd Road to an unnamed Chinese company.. condo is aiming.

Construction of the building began in the summer of 2014 and acccording to the offering plan submitted to the state’s Attorney General office, Inverlad anticipates a total sellout of $82,552,713.

In Chicago, news outlets are reporting the hottest new trend, condo deconversions – the bulk sale of condo units by their individual owners to a real estate investor who intends to either convert the units to rental apartments or demolish the building and develop the new site from the ground up.

That’s because Adam America Real Estate has closed on the sale of 22-12 Jackson Avenue for $43.5 million, Eastern Consolidated announced today. The developer plans to mow down the existing offices and garages and build a luxury residential tower. adam america has the capacity to develop up to 169,500 square feet at the site bordered by Crane Street and Sunnyside Yards.

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A slower than expected condo sales market, an abundance of bridge capital, and a belief in a fundamental value level in the market has made condo inventory financing available again. Financing is available from a variety of capital sources. Loans can be non-recourse. Leverage and rate largely depend on the size and location of the project.