David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
City: Long Island
Fairfield Lines Up Acquisition Financing for Long Island Apartment Buy
Commercial Observer Fairfield Properties has secured $275 million of Freddie Mac financing to help fund its acquisition of seven apartment properties with 1,496 units on Long Island, N.Y. As reported, the Melville, N.Y., company bought the portfolio from Lone Star ...
seven apartment properties with 1,496 units on Long Island, N.Y.
The properties in the portfolio were constructed between 1951 and 1975 and had served as collateral for $280 million of Freddie financing that was securitized through FREMF, 2016-KLH1, and doesn't mature until November 2022. The loans would be subject to ...
Fairfield Properties Pays $472.5Mln for 7 Long Island, N.Y., Apartments
Fairfield Properties has paid $472.5 million for seven apartment properties with 1,496 units on Long Island, N.Y. The Melville, N.Y., company bought the portfolio from Lone Star Funds, a Dallas investment manager that assumed them in 2015 through its purchase ...
Developer Secures $65Mln of Construction Financing for Long Island, N.Y., Apartments
The Real Deal Farrell Communities has secured $65 million of financing against the apartment project at 300 Carleton Ave. in Central Islip, N.Y., on Long Island. Webster Bank and RXR Realty provided the financing. Farrell, a New York developer, is ...
M&T Bank Lends $57Mln Against Long Island, N.Y., Apartment Project
Commercial Observer M&T Bank has provided $57 million of financing against the Mount Sinai Resident Club, a 225-unit apartment project that's under development in Long Island, N.Y. The Engel Burman Group is developing the property, which will be for residents ...
Developer Gets $28Mln of Financing for Long Island Industrial Project
Lincoln Equities Group has secured $28 million of financing against the industrial project at 344 Duffy Ave. in the Long Island city of Hicksville, N.Y. Heitman Capital Management provided the loan, which Lincoln will use to help fund its construction ...
2 Office Properties in Suffolk County, N.Y., to be Sold at Auction
Long Island Business News Matrix Realty Group is holding an auction on Dec. 18 to sell a portfolio of 13 office buildings in Suffolk County, N.Y. The portfolio consists of the four-building Crossroads Corporate Center, with 210,489 square feet, and ...
UBS Lends $99Mln Against Long Island, N.Y., Mall
UBS Realty has provided $99 million of financing against Broadway Commons, the former Broadway Mall in the Long Island city of Hicksville, N.Y. News of the loan was reported by Law360. The 1.1 million-square-foot retail property is owned by a ...
Venture Secures $55.6Mln of Financing Against Montauk, N.Y., Resort
Commercial Observer A venture of Metrovest Equities and BLDG Management has secured $55.6 million of financing against the Montauk Yacht Club Resort & Marina in Montauk, N.Y. ACORE Capital provided the five-year loan. The venture had acquired the 107-room property ...
100 Merrick Road
92 percent leased. The property serves as collateral for $12 million of debt that's securitized through Citigroup Commercial Mortgage Trust, 2013-GC17. The loan matures in October.
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