News: Brokerage

Blumenfeld Development Group and Brookfield Properties light East River Plaza blue to thank healthcare heroes

Manhattan, NY East River Plaza, a Blumenfeld Development Group and Brookfield Properties property located in East Harlem, was one of 150+ buildings across the nation who participated in the “Light It Blue” initiative to thank healthcare professionals who are working around the clock to treat patients amid the COVID-19 pandemic.

The “Light It Blue” campaign is one of many tributes happening globally designed to boost spirits and promote togetherness and positivity.

To stand in solidarity with the men and women working in hospitals, East River Plaza will remain lit blue throughout the COVID-19 pandemic. The building serves as a beacon of hope, honoring the Harlem, NYC, and global healthcare community.  

“We are humbled and honored to take part in this grand gesture of gratitude and thanks. It’s a simple way to show our support to those on the frontlines and we especially want to thank our neighborhood heroes who are doing everything they can to keep our community safe during this time,” said Ed Blumenfeld, president, Blumenfeld Development Group. 

MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent