Queens, NY Tredway, an affordable and mixed-income real estate developer, has acquired Ocean Park Apartments, a 602-unit, family-designated property located at 125 Beach 17
th St. in the Far Rockaway section of the borough.
Brooklyn, NY SCALE Lending, the debt financing arm of Slate Property Group, finalized a $166 million construction loan for the development of a 367-unit multifamily project at 280 Bergen St. in Boreum Hill. Goose Property Management will utilize the funds for the 302,000 s/f, four-building
Manhattan, NY Soloviev Group has secured three new long-term leases at its flagship property, 9 West 57
th St., as disclosed by company chairman Stefan Soloviev. The deals — signed with Hess Group LLC, Beaconlight Capital LLC, and Platinum Equity Advisors LLC — together account for 40,728
Brooklyn, NY Gotham Organization, in partnership with Monadnock Development, the Christian Cultural Center (CCC) and Reverend A.R. Bernard, as well as New York City Housing Development Corp. (HDC) & New York City Department of Housing Preservation and Development (HPD), closed on a $314 million construction financing
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Manhattan, NY Old Navy, America’s #1 specialty apparel brand and retailer and the largest brand in the Gap Inc. (GAP) portfolio, and JEMB Realty (JEMB), a family real estate firm, made known that Old Navy has signed a long-term retail lease at Herald Towers, 50 West 34
th St. The 55,000 s/f Old
Binghamton, NY Visit Binghamton is taking a step forward in enhancing its visitor economy. Visit Binghamton has partnered with Ripe to improve hotel visibility, drive direct bookings, and demonstrate the economic impact of tourism. Visit Binghamton has integrated Ripe’s booking tools across its website to provide
Manhattan, NY Broker Whitney Didier has joined The Corcoran Group, making a move after a tenure at Douglas Elliman. Along with her, she brings The Didier Team — a group that held the Pinnacle Award for nine consecutive years and is known for its portfolio and track record.
Manhattan, NY Marx Realty has signed a new 20,000 s/f lease with business advisory firm Riveron. The firm, which partners with private equity firms and other capital providers, is relocating from 461 Fifth Ave. and has committed to a 10-year term at the Grand Central office tower. The Meeting Galleries – a new
Middletown, NY Orange Bank & Trust Company has made an investment and deeper focus on the construction and trade industries. The bank has chosen Patrick Smith, SVP, former relationship manager of the bank’s Mount Vernon branch and a banker with knowledge of the construction industry, to spearhead this
