Category: Owners Developers & Managers

Albany, NY Vanguard-Fine, LLC brokered 14 sales and leases. • Kenneth Brownell and Steven Lerner of Vanguard-Fine and Jessica Curtis of CBRE-Stamford brokered the 15-year lease between RCSH Operations, LLC

Rochester, NY Rochester Business Journal has selected Rochester’s Cornerstone Group, Ltd. to receive a 2023 Leaders in Construction Award. This year’s recipients will be honored Oct. 23.

Manhattan, NY Silverstein Properties and Metro Loft Management have commenced the acquisition of 55 Broad St., a 30-story office building in New York’s Financial District, for $172.5 million from the Rudin Family, who will retain an equity stake in the project.

Poughkeepsie, NY Arthur May Redevelopment Holdings, LLC (AMRH), an affiliate of Dutchess County-based PAZ Management, has slated its second building at The Arlington of Poughkeepsie, the Flats on Raymond, ready for occupancy. Located in the Arlington Town Center

Manhattan,ny Braverman Greenspun P.C. has added two attorneys who each bring two decades of experience and extend the firm’s capabilities. Jillian Menna, a veteran insurance attorney, will assist clients with complex claims and other insurance issues. Daniella Zelefsky, a seasoned advisor on condo and co-op developments, will work with developer and condo board clients.

Yonkers, NY First Citizens Bank’s Real Estate Finance business, a division of CIT, provided $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of 1050 North Bdwy., a new entertainment production facility 100% pre-leased to MediaPro Studios.

Smoke from Canadian wildfires had an astonishing presence in New York this summer, and, even though wildfire season traditionally ends in August, now is the time for property owners to plan for a possible future recurrence. Canadian wildfires are expected to be even worse in the future

Brooklyn, NY Bayport Funding has provided a $3.35 million acquisition and construction loan for the single-family conversion of a multifamily brownstone in Boerum Hill. The three-story, 2,576 s/f property was built in 1899 and comprises four bedrooms and three bathrooms.

Manhattan, NY Rose Associates has leasing underway at 301 East 94th St. The property, a complete re-imagination of an existing hotel that has been fully renovated and transformed into a brand-new rental development by Rose and the Marmara Group, offers 106 apartments in studio-, one-, two- and three-bedroom configurations.

How did you get into environmental engineering?  Since I was very young, I was interested in the flow of water – whether in natural streams or in man-made channels. My friends and I used to frequently play in a nearby stream, and float sticks down drainage ditches after storms.

It’s impossible to imagine the living, working and playing spaces of tomorrow without considering artificial intelligence (AI). After all, the rapidly democratizing technology has made itself at home in nearly every place we find humans today.

Property management software for New Yorkers needs to be designed to handle their unique needs. While some have tried, it can be a substantial effort to take general accounting software such as QuickBooks and try to adapt it for property management. QuickBooks is arguably the best-known accounting software for small businesses in the country.