It’s been a tough year for real estate – but a good time for lobbyists. The industry seems to have lost the thread when it comes to getting politicians and the public on its side. Amid the leftward political lurch at the city and state level, there have been stinging losses on rent reform, the proposed Amazon campus in Queens and a city law establishing carbon-emission limits for large buildings, among other defeats for the
The Chetrit Group has inked a major refinancing for the site of the Hotel Bossert, the long-delayed project that may finally open in the coming months. The firm landed a $112 million refinanced loan for 98 Montague Street in Downtown Brooklyn from Cantor Commercial Real Estate Lending, according to property records. The funding includes a $27.7 million gap mortgage. CCRE declined to comment, and representatives for Chetrit did not respond to a request for comment.
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