Bridges Development Group

bridgesdev.com/team

People:

Bridges Development Group NYC portfolio

Company Activity past 24 months:

Buyer company: 1 for $31 million

Top Ten Associated Companies:

Wells Fargo (1), Israel Discount Bank (1), Home Depot (1)

Top Ten Associated People:

Avi Liebermanb (1), John Chescavage Sr. (1)

Recent activity as company:

• Series 2018-Cor3 and Midland Loan Services sold 1621 East 14 Street for $31 million to A&H Acquisitions and Bridges Development Group on July 13, 2026.

• Bridges Development Group sold 59-21 Maurice Avenue for $6.5 million to Home Depot on April 27, 2023.

• Bridges Development Group borrowed $68.1 million from Wells Fargo for 8959 Bay Parkway on December 16, 2021.

• Maria D. Cirillo sold 8959 Bay Parkway for $11.1 million to Bridges Development Group on December 16, 2021.

• Bridges Development Group borrowed $36 million from Israel Discount Bank for 5218 Kings Highway on December 09, 2021.

• Susan Diiorio sold 8959 Bay Parkway for $14 million to Bridges Development Group on July 08, 2021.

Latest Stories:

• Urban Edge hands back $88.8M Kingswood Center in Sheepshead Bay to CMBS lender (August 06, 2024)

• $67M June auction set for Urban Edge’;s Kingswood Center mall (June 04, 2024)

• $65.5M pre-foreclosure filed at Urban Edge Properties Sheepshead Bay retail, office (June 12, 2023)

• Home Depot pays $6.5M to Bridges Development for retail in Maspeth (May 08, 2023)

• Bridges Development pays $14M for 21% stake in Caesar’s Bay Shopping Center in Gravesend (July 25, 2021)

• Bridges Development pays $10M to Home Depot for dev site in Maspeth (October 09, 2020)

• Bridges Development gets $10.5M construction loan from Metropolitan Commercial for parcel in Maspeth (October 09, 2020)

• Urban Edge Properties pays $89M to Nightingale, Infinity for retail property in Midwood (February 26, 2020)

• Surrey Equities and Gazit Horizons borrow $88M from Barclays Capital Real Estate for property in Gravesend (October 16, 2019)

Properties: