Category: Owners Developers & Managers

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.

New York, NY ApartmentIQ, a real-time market intelligence, revenue management, and AI platform for the multifamily industry, have commenced a $25 million follow-on investment from Susquehanna Growth Equity (SGE), an entrepreneur-focused growth equity firm. SGE previously led the company’s $22.5 million Series B financing in 2021, when the business operated as Rentable, one of the nation’s largest apartment marketplaces.

Manhattan, NY Muss Development LLC has completed three new retail transactions totaling nearly 15,000 s/f of activity at its Eltingville Shopping Center in Staten Island. 

Hauppauge, NY 40-year-old Hauppauge-based manufacturer of precision-grinding machines founded by an MIT-trained physicist plans to invest $35 million in an expansion that will triple its space, allowing it to grow its workforce by 25% and retain 23 jobs on Long Island.

Manhattan, NY Rudin inked a new 11-year office lease with Corpay, Inc.’s. Cross-Border business at 560 Lexington Ave., its 22-story office tower in the Plaza District. Corpay Cross-Border Solutions, which specializes in foreign exchange, global payments and risk management, will relocate its headquarters to 560 Lexington this fall.

b>Wallkill, NY Crow Holdings Development has delivered a 535,603 s/f warehouse building at Golden Triangle Logistics Center, the firm’s inaugural industrial project in New York State. The Class A facility – ready for immediate occupancy – anchors the 92-acre Hudson Valley campus

Brooklyn, NY The International Downtown Association (IDA) recognized Downtown Brooklyn Partnership with the Downtown Achievement Award of Excellence for its resourceful approaches related to its Downtown Brooklyn Public Realm Action Plan.

 Last week’s Pinnacle Awards at Chelsea Piers gave us an opportunity to celebrate some of the best of New York City’s commercial real estate. Looking around the room at the property managers, engineers, owners, service providers and other professionals who keep our buildings operating every day

Manhattan, NY IREM NYC hosted their annual goodbye-to-summer rooftop cocktail party on Wednesday evening, September 16th at the rooftop on 230 FIFTH. The temp was warm, the cocktails were cold and the conversation and industry wide camaraderie put a smile on everyone’s face!

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.

In New York real estate, every square foot has value. Owners and property managers scrutinize operating costs, capital plans, and building systems for opportunities to improve performance. Yet one category of square footage rarely gets the same financial

After years of litigation, the court enters judgment in your company’s favor. Liability has been established, and the defendant has been ordered to pay. It should feel like the finish line. Instead, it’s the start of an entirely new battle.