Owners Developers & Managers
BOMA NY Pinnacles – The Oscars for the CRE industry celebrates excellence in buildings & property professionals
New York, NY BOMA New York is pleased to announce the winners for the 2023 Pinnacle Awards; the biggest night of the year for the commercial real estate industry in New York City. A total of 41 nominees across 18 categories were considered for the annual Pinnacle Awards celebration at Pier Sixty, that took place on September 28, 2023.
JLL and HKS RE close on $41.5m acquisition for Cadence Property Group
Manhattan, NY Cadence Property Group, in a joint venture with HOH Capital Partners and Deal Lake Capital, has completed the acquisition of 360 West 52nd St. and contemporaneously closed on financing for a proposed condominium development at the site.
Soloviev’s One United Nations Park 75% sold resulting in $260m in sales
Manhattan, NY The Soloviev Group’s development, One United Nations Park, the luxury residential tower in Midtown East located at 695 First Ave., is now officially 75% sold. With over $260 million in closed deals and signed contracts to date, One United Nations Park offers a collection of 148 condominium residences
Fairstead, Project FIND and NYC Department HPD celebrate opening of Park 79 - affordable housing
Manhattan, NY Fairstead, Project FIND and the NYC Department of Housing Preservation & Development (HPD) celebrated the opening of Park 79, an 100% affordable senior housing development on the Upper West Side. In addition to its roles as property owner and property manager,
Vanguard-Fine negotiates 14 sale and lease transactions
Albany, NY Vanguard-Fine, LLC brokered 14 sales and leases. • Kenneth Brownell and Steven Lerner of Vanguard-Fine and Jessica Curtis of CBRE-Stamford brokered the 15-year lease between RCSH Operations, LLCSilverstein Properties and Metro Loft Mgmt. to convert 410,000 s/f office building to residential property in $172.5m acquisition
Manhattan, NY Silverstein Properties and Metro Loft Management have commenced the acquisition of 55 Broad St., a 30-story office building in New York’s Financial District, for $172.5 million from the Rudin Family, who will retain an equity stake in the project.
Arthur May Redevelopment Holdings development - 63-unit the Flats on Raymond ready for occupancy
Poughkeepsie, NY Arthur May Redevelopment Holdings, LLC (AMRH), an affiliate of Dutchess County-based PAZ Management, has slated its second building at The Arlington of Poughkeepsie, the Flats on Raymond, ready for occupancy. Located in the Arlington Town Center
Braverman Greenspun P.C. hires two attorneys
Manhattan,ny Braverman Greenspun P.C. has added two attorneys who each bring two decades of experience and extend the firm’s capabilities. Jillian Menna, a veteran insurance attorney, will assist clients with complex claims and other insurance issues. Daniella Zelefsky, a seasoned advisor on condo and co-op developments, will work with developer and condo board clients.
First Citizens Bank’s RE Finance business provides $42.2m in financing for 112,400 s/f studio facilities
Yonkers, NY First Citizens Bank’s Real Estate Finance business, a division of CIT, provided $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of 1050 North Bdwy., a new entertainment production facility 100% pre-leased to MediaPro Studios.
Maintaining indoor air quality in New York amid wildfire smoke from Canada - by Eric Mitchell and Daniel Galarza
Smoke from Canadian wildfires had an astonishing presence in New York this summer, and, even though wildfire season traditionally ends in August, now is the time for property owners to plan for a possible future recurrence. Canadian wildfires are expected to be even worse in the future