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April 14, 2020

This Week's N.Y. Deal Sheet

It was another quiet week in New York's deal-making world, but an affordable housing developer picked up a Manhattan building, SL Green refinanced one of its office properties and a few small office and retail leases were consummated.

TOP FINANCING DEALS

This Week's N.Y. Deal Sheet

SL Green took out a $220M loan from Wells Fargo to refinance its 37-story, 385K SF office building at 10 East 53rd St. Walker & Dunlop's Aaron Appel, Keith Kurland, Jonathan Schwartz and Adam Schwartz arranged the financing. SL Green bought the building for $252.5M in 2012. ***Eric Miller scored $40M in loans for multiple…

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REBNY Calls For A Landlord Bailout

REBNY Calls For A Landlord Bailout

The Real Estate Board of New York asked lawmakers to bail out landlords amid the coronavirus pandemic in a letter Monday, co-signed by several business groups and chambers of commerce for all five boroughs.In the letter — addressed to Gov.…

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Governors Team Up To Plan The Reopening Of The Economy

Governors Team Up To Plan The Reopening Of The Economy  

Governors from six states in the Northeast formed an interstate task force aimed at reopening the states’ economies after the coronavirus peaks and begins to subside, they announced Monday afternoon. The collaboration among New York Gov. Andrew Cuomo, New Jersey Gov. Phil Murphy, Connecticut…

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Tier 1 Student Housing May Do OK During Recession, But Smaller Markets Could Miss Out

Despite a slowing economy and uncertain future, rent collection and leasing volume are roughly on track for some large student housing owners, who also anticipate revenue growth during an impending recession.

But some worry the sector’s reputation as recession-resilient may not pan out for owners in smaller markets, who could miss out on enrollment gains.

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Beyond The Bio: 16 Questions With Bohler CEO Adam Volanth

 

This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles. 

Adam Volanth joined Bohler's Pennsylvania region in 1992, two years after graduating from Bucknell University, and he spent the next two decades rising to the top of the company. 

In 2014, Volanth became president and CEO of the company, then called Bohler Engineering. Shortly after he took the lead role, Bohler opened its 14th office in Charlotte, North Carolina, in 2013. The company, founded in 1985, now has 26 offices across the East Coast and Texas and employs more than 700 people. 

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