Category: Owners Developers & Managers

From empty offices to modern apartments, vacant retail to reimagined hospitality, abandoned warehouses to vibrant food halls – developers are simultaneously breathing new life into old buildings and reshaping communities with impactful new developments. In partnership with their clients, they are reinvigorating downtowns, erecting tourist destinations and generating important economic activity. 

Manhattan, NY JLL has arranged two new leases at 60 Broad St., the 39-story glass and steel Financial District skyscraper owned by Piedmont Realty Trust. The Center for New York City Neighborhoods, a nonprofit organization that works to protect and promote affordable homeownership, signed a 10,979 s/f lease covering part

Manhattan, NY According to Fisher Brothers, funds affiliated with Blackstone Real Estate acquired a 46% joint-control interest in 1345 Avenue of the Americas at a full capitalization of $1.4 billion. Fisher Brothers, investing alongside Blackstone, also increased its majority ownership as part of the transaction.

Manhattan, NY Casoni, the 70-story curvilinear luxury residential tower at 989 Sixth Ave. in Midtown near Bryant Park, has officially topped out at its full 785-ft. height — one month ahead of schedule. The champagne-colored, glass tower is now one step closer to completion, marking a major milestone in the transformation of the Garment District skyline. 

Manhattan, NY Closings have commenced at 720 West End Ave., the new luxury condominium that transforms a 1927 Emery Roth-designed pre-war building into a residential address in a landmarked area of the Upper West Side. Developed through a collaboration between Glacier Equities and InterVest Capital Partners, the building has been reimagined by designer Thomas Juul-Hansen

Brooklyn, NY Alloy Development (Alloy) and The Vistria Group (Vistria) have closed $535 million in capital for construction of the second phase of the Alloy Block and the tallest Passive House building in the world, One Third Ave. Rising to 730 ft., One Third Ave. completes the Alloy Block, joining the two projects in the first phase of development – 505 State St., New York City’s first all-electric skyscraper and 489 State St., the first two public schools designed to meet Passive House standards.

Manhattan, NY Rose Associates, Inc., has hired Daniel Ackerman to act as managing director of acquisitions. Ackerman joins Rose with a focus on advancing the company’s commitment to being one of the premier investment, development and management firms in the New York City Metro market. As managing director of acquisitions, he will help lead Rose’s investment strategy

Having trouble finding simple lease agreement templates you can trust? You’re not alone. The internet is full of free lease agreements, and they’re easy to find. But how can you be sure that a free lease agreement is legally compliant without hiring an attorney to review it? You can’t.  On the other hand, legal lease templates are easy to find, but they can be expensive to purchase one at a time. That’s why some property managers choose to write their own rental lease agreements,

Construction projects for public and private sector schools differ in a few key ways — and these differences are only more important when working with the NYC School Construction Authority (NYC SCA). Specific vendor procurement requirements, stricter budgets, less code flexibility, and complicated timelines can be major obstacles to unfamiliar applicants. 

Manhattan, NY STO Building Group has launched Elevator Construction Consultants (ECC), a specialized service line designed to address one of construction’s most persistent bottlenecks: vertical transportation. With the goal of improving elevator system performance, efficiency, and inspection success, ECC centralizes STOBG’s elevator and escalator expertise into a single, high-impact resource. Led by elevator industry veteran Michael Walsh as vice president,

Brooklyn, NY The Domain Companies and LMXD have revealed a plan for three new mixed-income residential rental towers at Greenpoint Landing, which will deliver more than 1,000 new apartments, including 300 affordable apartments, to the waterfront in Greenpoint. Developed by a joint venture partnership between Domain and LMXD

Manhattan, NY TF Cornerstone will turn the 32-story Billionaires’ Row office tower at 135 East 57th St. into a residential property. Known as Tower 57, the company will revitalize the office space into 350 market-rate and affordable apartments. TF Cornerstone will utilize the state’s 467-m tax program,