CTSW Real Estate Practice Heats Up in June and July

Deals for ten commercial condominiums in New York City, and other transactions from Texas to Long Island, propelled the CTSW real estate practice to a busy June and July.

Highlights included the acquisition of a mortgage on two distressed properties on Long Island, more than a half dozen refinancings of mortgage loans for commercial properties in New York and New Jersey as owners sought to take advantage of low interest rates, investment in a shopping mall acquisition in Texas, and an acquisition of a 25 building, 400 unit residential complex in Virginia.

Larry Tauber, who leads CTSW’s real estate practice, says this pace of activity is higher than in recent years, and may suggest a more active market overall.