Hakimian Affiliate Lands $175M Construction Takeout for Woodside Mixed-Use

Eight West, an affiliate of The Hakimian Organization, has secured a $175-million construction take-out loan from Apollo and Lionheart Strategic Management to finance its newest development, SOLA. The 12-story, 364-unit mixed-use residential project is located at 72-01 Queens Blvd. in Woodside.

Newmark arranged the financing for Eight West. The team at Newmark included Jordan Roeschlaub, Nick Scribani, Peter Griesinger and Max Ralby.

SOLA, which recently launched leasing with MNS Real Estate, features studios to three-bedroom homes ranging in size from 350 to 1,200 square feet, with private terraces in select units. Rents range from $3,050 to $5,000-plus per month. A July 22 grand opening is scheduled.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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