Bluestone Capital, led by co-founders Eli Tabak and Marc Mendelsohn, has been aggressively expanding its bridge lending platform lately. Through that work, she said, she's learned that Fairchild airplanes have fans far and wide. Bluestone Group borrows $50M from Madison Realty Capital for property in Elmhurst January 10, 2020 6:53 am Eli Tabak's Bluestone Group through the entity 90-02 QB Holdings LLC as borrower signed a loan To read an article sign up for a 7-day free trial to a Post subscription, just $10 per month. Eli Tabak and Marc Mendelsohn, founding partners at The Bluestone Group, are confident that Mr. Terrasi is a great fit. (Jonathan Spiers photo). For more information please visit: www.bluestonegrp.com, For additional information please contact Barry Altmark via emailOr Roxanne Donovan at Great Ink Communications via emailJimmy Lappas at Great Ink Communications via email212-741-2977, Cision Distribution 888-776-0942 Sharon perhaps you know by now the intention of new management at IP. Tenants are skeptical that Bluestone Group principals Eli Tabak, Ari Bromberg and Marc Mendelsohn (from left) will properly rehab their buildings. We promise to execute on our plan and not stop,"Tabak said. (Photo courtesy of Bluestone Group). We like to gravitate towards markets that are on their way up, rather than markets that have either plateaued or are heading elsewhere. Click here to see your options, all of them free. Prior to joining The Bluestone Group, he was a Vice President in the Commercial Lending Department and Head of the Special Assets Group at Dime Savings Bank of Williamsburg. We reserve the right to refuse donations from other individuals if we believe the donations could detract from our reputation as an independent, trustworthy, and reliable news source. EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Greystone sells Lantana apartments to real estate mogul for $10M, Hialeah Gardens industrial site trades at $1M/acre, as market softens, Related Group allegedly jilted investors in waterfront West Palm resi project: lawsuit, Massive waterfront Southampton estate heads to auction block, Pasadena moves to eliminate planned development zoning, CF Industries relocates suburban HQ to Northbrook with slight downsize, LaSalle sells OC office building at 55% loss. The remaining two sites are located in the Astoria and Jamaica neighborhoods of Queens. Bluestone Group affiliate Bluestone Capital led the origination of the $148 million loan and Mack Real Estate Credit Strategies took a senior participation of $130 million. In keeping with the standards of the Institute for Nonprofit News, of which we are a proud member, our organization make public which donors give a total of $5,000 or more per year on our Sponsors page. A A A. Originally scheduled to open April 21, 2012, the official dedication was delayed until November due to "a combination of material supply delays and the priority placed on involving students in opening activities". Tabak said the transaction closed Feb. 25 and was partially financed by Arbor Commercial Mortgage. Bluestone, Altmark nab Bronx factory. Its also near the Mutual Building at 909 E. Main St. that Shamin Hotels sold in December for $12.8 million to Landmark Property Services and The Wilton Cos., which are planning to convert the 152,000-square-foot office building into 170 apartments with ground-floor retail space. This is awful! "We were able to finance this well-located property at an attractive basis and partnering with MRC allowed for a smooth and quick execution on this deal," Eli Tabak, a Bluestone Group founder, said in prepared remarks. It opened on November 10, 2012. Find More Contacts for The Bluestone Group, Edit Lists Featuring This Company Section, Northeastern US Property Management Companies, East Coast Real Estate Companies (Top 10K), Greater New York Area Real Estate Female Founded Companies, City of New York Property Management Companies. We think of ourselves as a "news cooperative" because we encourage all of our readers to consider contributing news and information. have filed for bankruptcy on two Brooklyn properties in the last week, hours before each was scheduled for a Uniform Commercial Code (UCC) foreclosure auction. Bluestone initiated the UCC foreclosure process in both cases in September after Hager defaulted on interest payments. Bluestone continues to seek opportunities in the distressed debt and REO arena as well as traditional commercial real estate opportunities. ALL MEMBERSHIPS RENEW AUTOMATICALLY. We do not accept any conventional advertisements. Phone Number +1 212-991-6600. The Bluestone Group and Bluestone Capital LLC & Principal at Bluestone Capital LLC "Broad Museum to bring $5.75 million in spending to region", "Eli and Edythe Broad Art Museum at MSU to open Nov. 10", "Broad Art Museum draws thousands to Michigan State during opening weekend; $40 million fundraising goal met", "MSU receives $26 million from Eli and Edythe Broad for new art museum", "Michael Rush, who led the Broad Art Museum, has died", "Michigan's Broad Art Museum Announces New Director", "Eli and Edythe Broad Art Museum Design Competition", "Kohn Pedersen Fox Associates Architects", "Formal dedication of Broad Art Museum delayed until fall", "The Eli and Edithe Broad Art Museum at Michigan State University", Eli and Edythe Broad Art Museum at Michigan State University, Western Michigan University Cooley Law School, Library of Michigan and Historical Center, Michigan High School Athletic Association, MichiganMichigan State basketball rivalry, MichiganMichigan State ice hockey rivalry, National Superconducting Cyclotron Laboratory, https://en.wikipedia.org/w/index.php?title=Eli_and_Edythe_Broad_Art_Museum&oldid=1077698347, Contemporary art galleries in the United States, Postmodern architecture in the United States, Infobox mapframe without OSM relation ID on Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Campus parking: Lots 7 & 8 and the Grand River Parking Structure, $2 million in shopping, entertainment, and other retail, $1.1 million in transportation-related expenses, This page was last edited on 17 March 2022, at 18:46. They have announced the clsing of the Assisted Living and Memory Care wings, and those residents, including your mom, have 60 days to find a new place to live. The Bluestone Group's Eli Tabak and 90-02 Queens Boulevard (Credit: Eli Tabak) May 10, 2019, 12:45 PM. Bluestone invests in opportunistic situations, distressed properties, sub-performing debt and equity, and non-performing commercial mortgage loans. The Virginia Tech grad covers government, real estate, advertising/marketing and other news. TIL. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED. Toggle Fullscreen 1/10 Buck Ennis Martha. Eli Tabaks Bluestone Group is the mezzanine lender on both properties, with $6 million on the hotel property and $3.5 million on the development site. Were not taking this to be a luxury option.. Eli Tabak's direct mobile number is (646) XXX-XXXX. Imperial Plaza is long overdue for an overhaul, and that includes management particularly in Assisted Living. In 2019, Cornell and Rubin Equities purchased the Flatbush property, which includes 174 hotel rooms and 64 apartments, in 2019 for $95 million, financed by a $70 million mortgage from Madison Realty Capital (MRC). Time Equities had paid $6.62 million for the building, which the city most recently assessed at just over $8 million. If you are looking for the latest news, go to eastlansinginfo.news and update your bookmarks accordingly! FOR ASSISTANCE WITH YOUR MEMEBERSHIP PLEASE EMAIL [emailprotected]. ELi treats all reporters equally regardless of age, educational background, or professional status. Mack initiated a foreclosure on a $130 million refinancing loan tied to the portfolio in October, alleging that Gans had missed $6.6 million in payments. We retain full authority over what we publish, and we take very seriously our duty to the community to provide accurate, nonpartisan, factual news. in Downtown Brooklyn filed for bankruptcy, the same day it was scheduled for a UCC foreclosure auction. This change has not been communicated very well to the residents. On June 1, 2007, Michigan State received a $28 million donation from businessman Eli Broad and his wife, Edythe, for the construction of a new art museum, to replace the old Kresge Art Museum in the school's art building. Now its urgent, poor planning on the part of the new owners! Eli Tabak's HQ phone number is +1908-541-9600. He said American Heritage was 95 percent occupied at closing. The foundation for the structure is now complete and ready for construction, according to an offering memo obtained by Commercial Observer. Several days later, a bankruptcy plea was entered for a development site at, in Williamsburg, where foundation work for a 26-story tower had begun just before it was slated to go to auction Monday. Toggle Fullscreen 1/10 Buck Ennis Martha. Eli is CEO of the Bluestone Group; Toby is a program supervisor at Yad Rachel, an organization that serves women suffering from postpartum depression, and she's a founder of Weecare Preemies, a support group for parents of premature infants. The complex was built in 1967 and has not been substantially renovated in decades, said Eli Tabak, CEO of Bluestone Group. View contacts for The Bluestone Group to access new leads and connect with decision-makers. [4] The five finalists[8] were: The selection committee announced on January 15, 2008, that Zaha Hadid had been selected. derivative attorneys Eli Tabak is the Founding Partner at The Bluestone Group. Mr. Terrasi is a distinguished banking and real estate professional with over 12 years of experience in commercial lending, construction financing, commercial and industrial loans, workouts, and the disposition of non-performing loans. If you'd like to submit an event to be added to our community calendar, use our special form for submitting events. Besides the insect infestation, the hot water system breaks down on a continual basis. Robert Gans legal salvo follows purchase of senior debt on his portfolio by Eli Tabaks Bluestone Group, Robert Gans, 533 West 27th Street and Eli Tabak (Robert's Steakhouse, Google Maps). The new facilities would allow MSUs art museum to offer educational opportunities and programming such as lectures by visiting scholars, curators, artists and faculty; seminars, docent training; and special activities for families and school groups. Are confident that Mr. Terrasi is a great fit heading elsewhere options all! 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