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Top Stories
Cirrus WFHA Funding and Resorts World NYC acquire Jamaica 1.8 acre development site for $46.125 million
Queens, NY Cirrus WFHA Funding LLC, an affiliate of Cirrus Real Estate Partners acting in partnership with Resorts World New York City, has acquired the 1.8-acre development site and parking garage at 92-30 165th St. in Jamaica for $46.125 million in a transaction brokered by RIPCO Real Estate.
Silber Investment Properties brokers $17 million sale of two shopping centers for Castle Bay Management
Syosset, NY Silber Investment Properties (SIP) has successfully brokered the sale of two prime shopping centers in Nassau County, Long Island, for a combined total of $17 million. The premier retail assets — located at 180 Jericho Tpke. in Syosset and 350-382 W. Old Country Rd. in Hicksville — encompass a combined 46,983 s/f. Both properties were acquired simultaneously by Castle Bay Management Services
CRESYN officially launches: Boutique new development condominium debuts in Long Island City
Long Island City, NY Acre NY Realty has officially launched sales of CRESYN, a six-story boutique condominium at 37-28 Crescent St. Developed by ZD Jasper Realty and Winspire Development, with architecture by Lemay_id, the project introduces 39 refined residences designed around privacy, calm, and modern urban living.
SCALE Lending deploys $45 million construction loan for condo development
Harlem, NY SCALE Lending, the debt financing arm of Slate Property Group, has issued a $45 million senior-secured construction loan for a new multifamily project located at 264-272 West 135th St. The loan will be used by the sponsor, Mass Development, for the ground-up development
Austin Interiors delivers new Cupsogue Beach Pavilion ahead of schedule
Southhampton, NY What was once a construction site is now one of Long Island’s newest community destinations in Westhampton Beach. Austin Interiors and general contractors completed the new beach pavilion at Cupsogue County Park, delivering the highly anticipated Suffolk County project on an accelerated schedule that allowed residents and visitors to begin enjoying the facility by Memorial Day
2026 Ones to Watch - Rising Stars Spotlight out now!
2026 Ones to Watch - Rising Stars Spotlight out now! This is the second installment of NYREJ's annual Ones to Watch series recognizing standout emerging professionals whose drive, talent, and fresh perspective are helping shape the future of New York’s commercial real estate industry. This Spotlight features professionals on the rise and their achievements in the CRE industry.
Ariel Property Advisors arranges $45 million sale of four building affordable housing portfolio
Manhattan, NY Ariel Property Advisors (Ariel) brokered the $45 million sale of Hudson View II & III, a four-building affordable housing portfolio in the upper borough’s Hamilton Heights neighborhood. The portfolio includes 520 West 145th St., 528 West 145th St., 1704 Amsterdam Ave. and 502-504 West 145th St. Together, the properties comprise 129 Project-Based Section 8 residential units, and 11 retail units located along 200 ft.
Battery Park City Authority and Related Cos. to preserve and expand affordable housing at Tribeca Park
Manhattan, NY The Battery Park City Authority (BPCA) entered an agreement with Related Companies to preserve and expand rental affordability at Tribeca Park, a 27-story, 396-unit rental building built by Related in 1999 in Battery Park City’s north neighborhood. This agreement, in the form of an amendment to the building’s ground lease with BPCA, preserves 81 affordable units
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Riverside Memorial Chapel completes $18m restoration of Upper West Side landmark building for 100th anniversary
Manhattan, NY Riverside Memorial Chapel, a New York City landmark, and one of the nation’s most respected Jewish funeral service providers, celebrated the 100th anniversary of its landmark Upper West Side location and its $18 million restoration.
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Inspired by Somerset Development secures $211m financing package for LIDO Asbury Park
Asbury Park, NJ Inspired by Somerset Development closed a $211 million financing provided by Madison Realty Capital and Cottonwood Group for LIDO Asbury Park. The milestone coincides with construction progress, with structural groundwork now complete, and the North Tower beginning its vertical ascent. Completion is on track for 2028.
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Governor Hochul appoints Valery of EVI to Rockland Community College board of trustees
Suffern, NY Ernst Valery, a real estate development executive, investor and educator, has been appointed to the board of trustees for Rockland Community College (RCC) by governor Kathy Hochul. Valery was appointed pursuant to New York State Education Law Section 6306 and will serve a term expiring June 30, 2029. He succeeds Susan Oelkers-Ramos, who recently resigned from the board.
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A regular issue when negotiating a limited liability company agreement for a real estate project is what should happen if the company needs additional capital for the deal. This is particularly crucial for
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Long Island’s industrial real estate market continues to show resilience even as broader national fundamentals soften, according to recent data. The industrial vacancy rate for Long Island declined 20 basis
Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns.
In legislation signed into law by New York Governor Kathy Hochul on May 26, 2026, the Legislature enacted significant reforms of the 50-year-old New York State Environmental Quality Review Act (SEQRA). The principal purpose of these reforms is to encourage housing development by shortening the approval process.
We hope you had the opportunity to join us at the 24th NYS Commercial Association of REALTORS® Annual Conference held June 8-10 at Rivers Casino, Schenectady, New York! Conference co-chairs Andrew Mangini and Don Minichino
