News: Brokerage

Bondee Properties earns the QBBA’s 2015 Building Award for Excellence in Design and Construction

Shown (from left) are: Christopher Papa, Thomas DeVito and QBBA president, Peter Florey Shown (from left) are: Christopher Papa, Thomas DeVito and QBBA president, Peter Florey
Douglaston, NY Bondee Properties, LLC, developer of Forty2East Condominiums in East Williamsburg, Brooklyn, with Christopher V. Papa Architects, received the 2015 Building Design award for Excellence in Design and Construction from the Queens Bronx Building Association (QBBA) at the annual Building Awards and Holiday Party on December 5 at the Douglaston Manor. Working closely with architect, Christopher Papa, Forty2East was built from the ground up and is a luxury, 53-unit multifamily condominium with a mixture of studios, one- and two- bedroom apartments with amenities such as rear and rooftop recreation and barbeque areas, an in-house gym and a first floor lounge area. It also has underground parking, bike racks and apartment storage space. “With Forty2East, we set out to create a building that provides a true high-end experience and offers everything one could ask for,” said Thomas DeVito, president of Cristom Construction, one of three family owned businesses that comprises the Bondee Group, who was on hand to receive the award. “We greatly appreciate that the Queens Bronx Building Association chose to recognize us this year.”
MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking