In the Press

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09/18 2015
4 Ways To Help US Developers Tap Israeli Capital Markets

Law360, New York (February 27, 2015, 3:14 PM ET) — A wave of high-profile U.S. property developers have recently turned to Israel’s attractive bonds market to raise funds for new projects. But while the market is welcoming to American companies, there are four key points clients should keep in mind before jumping in, experts say.

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05/21 2015
Letter of Intent – Brooklyn’s Continued Development Boom

Brooklyn’s total new development sponsor sales in the first quarter of 2015 grew 95% from fourth quarter 2014 and the median sales price jumped an astounding 28%, while the median price per s/f slowed down a bit and pulled back just over 5%. The flourishing neighborhoods of Clinton Hill, led by sales at 260 Greene,

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04/08 2015
Berko & Associates Plots National Expansion – RE Finance

March 17, 2015 – New York, NY – Berko & Associates, the New York City-based commercial real estate advisory company, is extending its reach outside of its traditional urban investment market through intensifying client relationships and working on a more national scale. Berko’s managing director and head of finance and capital markets, Michael Korine, sat down with REFI and

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03/02 2015
Berko & Associates Featured in Real Deal – “Neighborhood dive: Bushwick reborn”

From desperate decay to hipster haven, the Brooklyn nabe is gentrification epitomized http://therealdeal.com/issues_articles/neighborhood-dive-bushwick-reborn/

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01/12 2015
Hornig, Savanna Buy Original Schlitz Brewery for $33.7M

Daren Hornig‘s Hornig Capital Partners, Savanna and Chelsea Village Associates have purchased a 170,000-square-foot warehouse building at 95 Evergreen Avenue in Bushwick for $33.7 million, Commercial Observer has learned. The sale of what was originally constructed as the historic Schlitz Brewery closed today. According to Lee Silpe, the senior analyst and chief operating officer of

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01/12 2015
Developers plan to convert the Schlitz beer-bottling plant in Brooklyn into work lofts

Developers are hopped up and ready to convert the old Schlitz beer-bottling plant in Brooklyn into Dumbo-style work lofts and retail space for the neighborhood’s tech-savvy newcomers. The 65-year-old building dominates an industrial corner on Evergreen Ave. at George St. in Bushwick. The new ownership team just paid $33.7 million for the five-story brick behemoth,

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01/12 2015
95 Evergreen – Savanna JV Acquires Former Schlitz Brewery

NEW YORK CITY—Locally-based Savanna and joint venture partners Hornig Capital Partners and Chelsea Village Associates have acquired the former Schlitz Brewery in the Bushwick section of Brooklyn. The new ownership plan an extensive capital improvement program to convert the industrial building into office and retail space. A spokesperson for Savanna, a private real estate equity

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01/05 2015
The Real Deal – Market braces for rising interest rates

Most observers last year predicted that interest rates would rise in 2014 as the Federal Reserve removed its stimulus, but the exact opposite happened. Rates are lower now than they were at the beginning of last year, offering borrowers even cheaper capital. But 2015 may be the year when rates do gradually march upward from

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12/29 2014
NYREJ Year in Review – Lee Silpe, Berko & Associates

What was the best thing that happened to you or your firm in 2014? The best thing that happened to Berko & Associates is 2014 was our extraordinary growth in both our associates as well as our deals. We are set to transact $300 million in sales and finance this year, a 100% increase from

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12/29 2014
Letter of Intent – Brooklyn’s Office Excitement

Brooklyn has long been a “second choice” for commercial development, as residential developers can achieve north of $65 per s/f and commercial developers can only recoup around $40 per s/f on average. In 2004, Downtown Brooklyn was rezoned to include 4,500,000 s/f of commercial space, yet only 300,000 s/f of that amount has actually been

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