MCR Hotels and Island Capital Group close $260 million refinancing for Sheraton New York Times Square
Manhattan, NY MCR Hotels (MCR), Island Capital Group (Island) and JLL’s Hotels & Hospitality group said that MCR and Island have closed on a $260 million refinancing of the 1,780-key Sheraton New York Times Sq.
George Comfort & Sons inks 300,000 s/f long-term lease with Weill Cornell Medicine
Manhattan, NY George Comfort & Sons, on behalf of the ownership of 575 Lexington Ave., finalized a 300,000 s/f lease with Weill Cornell Medicine at 575 Lexington Ave. in the Plaza District.
The Feil Organization leases 20,955 s/f to Eaglestone at 551 Fifth Avenue
Manhattan, NY The Feil Organization has signed a 10-year, 20,955 s/f lease at 551 Fifth Ave. with Eaglestone LLC, a holding company that acquires and supports best-in-class companies in the mechanical, fire protection,
ATCO Properties & Management signs three leases totaling 12,961 s/f at 555 Fifth Avenue
Manhattan, NY ATCO Properties & Management completed three lease agreements totaling 12,961 s/f at 555 Fifth Ave. The 20-story, 257,000 s/f class A office building is located in Midtown.
Spector of SPECTOR cos. receives
AIA Lifetime Achievement Award
Woodbury, NY Marc Spector, FAIA, CEO/owner, SPECTOR companies, and IREON member since 2018, received the 2023 Lifetime Achievement Award from the American Institute of Architects.
A pause in interest rate hikes
- by Michael Packman
On October 19th, Fed chair Jerome Powell suggested that the Fed would not raise interest rates at their next meeting and reminded us that there has not been an increase since the July meeting. The goal of the Fed continues
Acentech and Desai Chia awarded for design of Wang ESPORTS Room
Manhattan, NY Acentech, a consultant in architectural acoustics, noise and vibration control, and audiovisual and technology systems design, in collaboration with Desai Chia Architecture on the Columbia University’s new Walter and Shirley Fan Wang ESPORTS Room which received a 2023 Learning By Design Outstanding Project Award.
JM2 Architecture PC completes 2,500 s/f
office renovation - $300,000
Farmingville, NY JM2 Architecture PC has completed the 2,500 s/f office renovation at 2410 North Ocean Ave., Suite 300. The total project cost was $300,000. The renovation took six months from initial planning, ordering furniture and materials to construction and final completion of punch list items.
Denham Wolf breaks ground on BCHN’s health center - designed by DIGroupArchitecture
Bronx, NY Elected officials, community leaders, and health advocates came together on November 17 to celebrate the groundbreaking of Bronx Community Health Network’s (BCHN) new health and wellness diagnostic and treatment center at 3763 White Plains Rd. Renovations are starting
FilBen Group, RSF Partners, McAlpine and H2M
construct $54 million residence
Montebello, NY Owner/developer FilBen Group, equity partner RSF Partners, general contractor McAlpine Contracting (McAlpine), and designer H2M Architects + Engineers (H2M) have completed the structural system and building enclosure, or “envelope,” for Braemar at Montebello.
Shawmut, Paramount Group and Kohn Pedersen Fox
execute repositioning project
Manhattan, NY Shawmut Design and Construction has completed the repositioning project at 712 Fifth Ave. which allows the community to experience New York’s only historic René Lalique-designed glass building façade in a new public atrium. Working with Paramount Group and
