Category: Owners Developers & Managers

As Manhattan’s commercial real estate landscape evolves, BOMA New York members are at the forefront of the movement to prioritize workplace wellness. This shift is more than just a passing trend – it is a fundamental reimagining of office environments that place employee health and wellness at the center of workplace design and operations.

Manhattan, NY Urban Capital Group and Prosper Property Group have completed the acquisition of 34 Walker St., finalizing the assemblage of 32 and 34 Walker St. into a premier corner development in Tribeca. Backed by a $32 million acquisition and construction loan from Kriss Capital

Manhattan, NY A&E Real Estate has acquired Rivers Bend, a 22-story luxury rental apartment building in the Yorkville neighborhood of the Upper East Side. A&E acquired a 100% stake in the 179-unit building, located at 501 East 87th St., from Soloviev Group for $116.5 million, or $547,000 per unit.

Long Island City, NY The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group launched residential leasing for 499 apartments at Jasper, a mixed-use development.

Manhattan, NY Brookfield Place has officially opened Milu, a casual Chinese restaurant inspired by former Eleven Madison Park chef, Connie Chung, and her co-founders Vincent Chao and Milan Sekulic. Chung has signed a five-year lease for the 690 s/f space in Hudson Eats at Brookfield Place. This will be Milu’s second NYC location. Milu will be the latest addition to Brookfield Place’s culinary scene, joining NYC favorites Black Seed Bagel,

Manhattan, NY REAL New York welcomes the newest addition to their team: seasoned real estate executive Erika Marks. Marks will serve as director of new development leasing, focusing on expanding the firm’s footprint in leasing and marketing for both ground-up new developments and conversion projects.

Queens, NY RiseBoro Community Partnership and Slate Property Group have begun leasing at Baisley Pond Park Residences in South Jamaica. The redevelopment of the former JFK Hilton Hotel at 143-06 135th Ave. into 318 affordable apartments for low-income and formerly homeless New Yorkers is the first former hotel converted into permanently affordable housing

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.

Brooklyn, NY Naftali Group, a privately held global real estate development and investment firm based in New York, along with Access Industries, a U.S.-based private holding company with global strategic investments, has launched leasing at Two Williamsburg Wharf and Three Williamsburg Wharf, two new luxury rental buildings at Williamsburg Wharf

Jamaica, NY ERG Commercial Real Estate has secured a $7 million construction loan for a new 16-story, 28-unit multifamily development located at 166-13 91st St. This financing was provided by a national middle-market institutional-quality construction and bridge lender. The development at 166-13 91st St. represents a significant addition to the neighborhood,

Long Island City, NY Innovo Property Group (IPG), a New York City-based real estate investment and operating company founded by Andrew Chung, has completed The Borden Complex. Primely located at 23-30 Borden Ave. in the Borden Innovation District, the one-million s/f class-A multi-tenant development includes multiple levels of urban industrial space and a purpose-built film and television studio.

Manhattan, NY Global Holdings, the international real estate development and investment firm led by chairman and founder Eyal Ofer, arranged a lease for financial services and strategic advisory firm Geller & Co. (Geller) for 45,290 s/f at the premium office tower, 99 Park Ave. The announcement adds to the recent leasing surge at the building