News: Owners Developers & Managers

GGMC Parking, LLC to complete projects

GGMC Parking, LLC was chosen to manage the parking operations at Atlantic Center Garage for Forest City Ratner Companies and at the Rockefeller University for that institution's parking needs. They are creating a fresh new environment for the enormous 625-car shopping center garage in Fort Greene Brooklyn, with installation of artwork and photographic displays and more spectacular displays in the works. They have also made two deals with the Moinian Organization this year at the new "Atelier" on 627 West 42nd St. and at the recently rehabbed "Ocean" a/k/a 17 Battery Place at 1 West Street. On the Upper East Side, they have taken over operations from Standard Parking at the Westminster, 165 East 66th St. and are in contract to purchase the garage condominium at the York River House, 1175 York Ave. from Central Parking. In Downtown Brooklyn, GGMC recently signed a deal with Leviev-Boymelgreen for the garage at the new Atlantic Court Hotel and Condominium. Also in Ft. Greene, they have purchased the garage condominium at the Greene House, 383 Carlton Ave.
MORE FROM Owners Developers & Managers

New York State Homes and Community Renewal finish $32 million affordable development

Union, NY New York State Homes and Community Renewal commissioner RuthAnne Visnauskas have completed the Homesteads on Grand, a $32 million, 72-unit mixed-use affordable and supportive development in Johnson City, Broome County.
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Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by  Ron Cohen

NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen

New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations
New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s first-ever two-year rent freeze is now in the hands of a state Supreme Court judge, and the decision could reset income for owners of roughly one million rent-stabilized apartments housing some 2.4 million residents.
Don’t leave severance damages behind - by Sebastian Jablonski

Don’t leave severance damages behind - by Sebastian Jablonski

When the government takes a portion of a landowner’s property, most assume just compensation stops at the value of the land taken. However, in partial takings, that is only half of the equation.