Real Estate Journal — The Year in Review 2017 — December 22, 2017 - January 11, 2018 — 11C
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M id A tlantic
Natixis lends $115 million to Lincoln Equities Group for New Allergan U.S. HQ The KRE Group & Avenue Realty Capital acquire $70 mil- lion rental property in Springfield, NJ Gorman & Shover sell 45 properties in first quarter, totaling more than $108 million Holliday Fenoglio Fowler, L.P. closes $52.4 million sale of grocery-anchored shopping center in Philadelphia Delfiner of Equity Retail Brokers leads investment team in the sale of 80,000 +/- s/f SC Colliers concludes sale of 119,000 s/f BJ’s Wholesale Club in Greece, NY totaling $16.85M Bennett Williams Commercial brokers 38,156 s/f in retail leases BBS Architects, Landscape Architects and Engineers complete $26.6 million expansion Hessert Construction wins contract for first building at Stockton Aviation Research & Technology Park Onyx’s large-scale renovation plans feature a new glass façade Gebroe-Hammer Associates arrange Jersey City South portfolio sale Graboyes Commercial Window Company launches new Smart Buildings division Denholtz Associates unveils plans for The Rail @ Red Bank Station APRIL 28 - MAY 11, 2017
Year in Review 2017
By Daniel Palmier, UC Funds UC Funds’ year in review: 2017 deals and innovations
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Harvey relief efforts. Our hearts go out to all affected by these disastrous storms
Funds looks forward to see- ing what 2018 has in store for alternative lending and
ommercial real estate has seen a whirlwind of excitement in 2017, from major closed deals and r ede - velopments to our revo- l u t i o n a r y new mort - gage prod- uct, there’s much to re- flect upon and look forward to in the new year. The debut of our competi- tive mortgage loan, UC GO, was a huge highlight for UC Funds in 2017. Early this year we noticed commercial banks pulling back on com- mercial real estate financing due to increased regulations, and saw an opportunity for innovation. This led to our development of UC GO, the most aggressive mortgage product on the market today. PioneeringUCGOchanged the game for UC Funds and commercial real estate lend- ing entirely. Unlike many of our competitors in the current lending environ- ment, the non-recourse loan provides quick turnaround, speed, and flexibility, offer- ing borrowers an alternative path to long term reduction. In 2018, we look forward to closing many UC GO deals in the Mid-Atlantic region of the United States. 2017 also marked the grand opening of 329 Pleas- ant Avenue in East Harlem, NewYork. We originated the ground up construction loan and partnered with HAP Investment Developers in 2015 to create a Class-A, eight-story luxury apart- ment building in the rapidly growing area of Manhattan. We provided a $10.8 million first mortgage loan for the conversion and expansion of an existing building in Dobbs Ferry, a suburb of the prosperous Westches- ter County, New York. The apartments, containing 18 class A units, are located just five minutes from the Dobbs Ferry Station and will appeal to commuters looking for a quiet suburb in close proximity to Manhattan. The Palmier Foundation had an equally busy year. In wake of the tragic hurricane damage over the last few months, the Foundation con- tributed $1,000 to Hurricane Daniel Palmier
Pioneering UC GO changed the game for UC Funds and commercial real estate lending entirely.
and hope that rebuilding efforts will progress quickly. Overall, commercial leas- ing is projected to continue its upswing as a result of the expanding economy. UC
the commercial real estate industry as a whole. Daniel Palmier is pres- ident and CEO of UC Funds, a provider of debt and capital solutions. n
3.2 MILLION SF LEASED in 2017 Our most sincere thanks to the following brokers: The results are in!
NAI Hiffman Steve Connolly
Cushman &Wakefield Dan Badenhausen Jerry Blinebury Leah Balerno CBRE Steven Beyda Pat Lafferty Bussel Realty Jordan Metz
Jones Lang Lasalle Joel Lubin Todd Burnette
Fischer & Company Andy Henry
AJR Commercial Art Reinitz Blau & Berg Charles Kavanaugh Sitar
NAI Mertz Scott Mertz
Weichert Commercial Tony Baseil
David Blitt Bob Sager
William Sitar John Cranley
16 Million SF Central NJ Dallas Houston Chicago Eastern PA
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