News: Owners Developers & Managers

CBC Phoenix Asset Management oversees construction of 7-story 433 Broadway

Coldwell Banker Commercial Phoenix Asset Management, the asset management division of Coldwell Banker Commercial Hunter Phoenix (CBC Hunter Phoenix), as owner's representative, is overseeing the construction of 433 Broadway, a seven-story, corner office building going up in the Soho Cast Iron district. Designed by RKT&B, the mid-rise will feature oversized windows framed by steel and concrete.. Located at the corner of Broadway and Howard St., construction for the 45,000 s/f building is expected to be completed by first quarter 2011. The building has been designed with six stories of office space, plus a top floor penthouse, and feature 7,000 s/f floor plates. The property is being developed by 433 Broadway LLC and Malon 433, Inc. The Construction Manager is OTCA/BDD-JV, LLC. CBC Phoenix Asset Management is responsible for the entire project, from construction through leasing.
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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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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.
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