Message from the president of
REBNY - by James Whelan
It’s heartening to consider the progress New York City’s commercial market has made since the COVID pandemic. Heading into 2026, New York City’s office market is leading the way nationally in many metrics. This July, New York City became the first major market
Forte completes SUNY Fashion Institute of Technology’s $188.5 million Joyce F. Brown Academic Bldg.
Manhattan, NY Forte Construction Corp. worked with the Dormitory Authority for The State of New York (DASNY) to complete the building of the Joyce F. Brown Academic Building at the State of New York (SUNY) Fashion Institute of Technology in Chelsea.
Pisciotta, Timpone and Blumenthal of Metro Realty Services sell two properties - $4 million
Amityville, NY Metro Realty Services, LLC sold two mixed-use/industrial properties for $4 million. Michael Pisciotta of Metro Realty sold 4,400 s/f at 39 Maple Pl. to 39 Maple Place LLC for $1.2 million. Rosemarie Bozza of of Above Board Realty represented the seller,
Cronheim Hotel Capital secures $18 million for Residence Inn Middletown
Middletown, NY Cronheim Hotel Capital (CHC) has secured an $18 million permanent loan for the Residence Inn Middletown Goshen. The five-year fixed-rate loan is interest only for the full term. The hotel opened in 2020 and is located near numerous corporate demand drivers.
Avison Young brings office portion
of 416 West 13th St. to 100%
Manhattan, NY Avison Young has leased 62,364 s/f across eight leases at 416 West 13th St., bringing the office portion of the 144,000 s/f neoclassical Meatpacking District building to 100% occupancy. The lease-up was achieved in six months, a notable
Starhill Phase I reaches completion; $189m housing dev. led by S:US and NY Homes and Community Renewal
Bronx, NY According to New York State Homes and Community Renewal commissioner RuthAnne Visnauskas, Starhill Phase I, a $189 million affordable housing development featuring 326 affordable apartments, including 200 supportive apartments for individuals struggling
DUMBO and NYC Dept. of Design and Construction conclude $104m restoration with final Belgian block
Brooklyn, NY The DUMBO Business Improvement District and the NYC Dept. of Design and Construction (NYC DDC) has placed the final Belgian block at Anchorage Place, completing a $104 million, multi-year restoration of DUMBO’s cobblestone streets.
Studio Museum in Harlem opens 82,000 s/f building - by Adjaye Associates with Cooper Robertson
Harlem, NY The Studio Museum in Harlem, the nexus for art by artists of African descent nationally and internationally, opened its new home to the public on Saturday, November 15, with a celebratory Community Day. Designed by Adjaye Associates with Cooper Robertson, now Corgan,
CIBS honors outstanding achievements in commercial, industrial and retail real estate community
East Meadow, NY At the annual meeting & holiday party, the Commercial Industrial Brokers Society of Long Island (CIBS) recognized leading professionals who have made significant contributions to the region’s commercial real estate community. The celebration brought together
What is the most cost-effective upgrade a building can make to improve property value and resident satisfaction? - by Nick Esteves
In today’s competitive real estate environment, owners, boards, and property managers are increasingly focused on identifying upgrades that improve property value while delivering meaningful benefits to residents. Rising operating costs, limited capital budgets, and heightened
Arrow Real Estate Advisors arranges $46 million refinance for The Marshall at Rochester
West Henrietta, NY Arrow Real Estate Advisors arranged a $46 million refinance for The Marshall at Rochester, a Class A student housing community located at 3948 East River Rd. The financing was secured on behalf of Aptitude Development, a national
