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Middle Market Digest Northeast for Friday, December 2, 2016

NJ Bankers president John McWeeney described the outlook as “an opportunity for meaningful change for the better,” at a meeting of bank marketers this week. He described the government transition as a “high-risk administration,” that nevertheless offers an opportunity for tax reform and regulatory relief that should benefit commercial banks.

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New York Headlines

Flushing, Queens Gets a Shot in the Arm

NEW YORK CITY—The area’s downtown corridor is now slated to get a sprawling mixed-use development that will feature retail, office, residential and hotel space.

sbe Closes on Mondrian Hotels Acquisition

NEW YORK CITY—The move gives the former firm a greatly expanded international footprint, boosting its presence “from San Francisco to Doha; Los Angeles to London,” says company founder and CEO Sam Nazarian.

Jonathan Rose-Led JV Finances Mixed-Use Resi Building in Brooklyn

NEW YORK CITY—Located in Brooklyn Heights, the property is comprised of 86 residential units—as well as a retail section—for mixed-income tenants.

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‘The Whole Continuum is Changing’

TUCSON, AZ—Technology and the economy underpin the evolution in the continuum of care, says Rendina’s Neil Carolan, who will lead a discussion at RealShare Healthcare.

Lease to Storied Credit Tenant Seals The Deal

MORGAN HILL, CA—The flex property was developed in 2002 as a build-to-suit for Paramit Corp. and is 100% occupied by that firm for its headquarters/research and development operations.

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As E-Commerce Grows, So Do Its Challenges

DALLAS—In today’s ever-changing technological world, transactions executed on a laptop, tablet or smartphone has become commonplace. Taking it…

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