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Progress Capital partner, Brad Domenico has secured a $17,250,000 loan for Ohio-based Spring Property Management’s acquisition of a mixed-use building at 125-129 Magnolia Avenue, Jersey City.  The sale of the property was brokered by Niko Nicolaou, executive vice president at Gebroe Hammer Associates. The site contains a five-story 1920’s era building known as 125 Magnolia at Journal Square. The contains 99 units comprised of five ground-floor retail units and 94 apartments. Each of the units have recently undergone high end kitchen and bathroom renovations, as well as the installation ...

Bushwick Generator In a year when Americans stayed home and offices and retail buildings were left empty, the commercial real estate industry was taught the importance of one word: flexibility. 2020 showed developers, architects and owners the massive need for flexible spaces that can adapt to a rapidly changing world. Matthias Hollwich, a founder of the New York-based architecture firm HWKN, understands the importance of flexible design, but he also wants to take things a step further.    “Coming into 2021, buildings need to be two things: flexible and unforgettable,” Hollwich sa...

Covid-19 made pets more popular than ever – now luxury residences from New York to Singapore are offering pet concierges, grooming services, mud rooms and dog parks Peta Tomlinson The heated outdoor dog run at rental property 555TEN in Hudson Yards, New York City. Photo: Extell Development. Covid-19 lockdowns have brought with them a worldwide upsurge in pet adoptions as people finally found time to care for a furry family member - and enjoy the stress-relieving benefits animals can bring. This has been a global phenomenon: in New York, demand for dogs was "totally unpreced...