News: Owners Developers & Managers

IREM NYC attends groundbreaking ceremony for $143.4m development

Gail Duke, CPM, IREM member

Brooklyn, NY On September 19th, members of IREM NYC were happy to attend a groundbreaking ceremony for the new Catholic Charities Gail P. Duke Senior Residence. This incredible honor bestowed upon long-time IREM NYC member Gail Duke, CPM is the pinnacle of her lifelong commitment to service.

Shown (from left) are: IREM NYC chapter treasurer Nicholas Stolatis, CPM; first vice president Jessica Tusing, CPM; IREM 2025 international president Dawn Carpenterr, CPM and chapter president Randall Powell, CPM.

This $143.4 million development will provide 141 units of affordable sustainable apartments for low-income seniors with supportive services in the Brownsville section of Brooklyn. A 10,000 s/f older adult center will be on the ground floor. The project will also include all-electric heating, cooling, and hot water systems, adhering to Passive House sustainable design standards. It will also provide backup generator power for cooling, sheltering in place, and other emergency needs. The commitment that Catholic Charities of Brooklyn and Queens has shown in developing affordable housing for our most vulnerable populations exemplifies the many good works and projects they have undertaken over the past 125 years of service.

IREM is so proud of Gail, and the incredible honor bestowed upon her by the Catholic Charities Progress of Peoples Development.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREON Insights:  Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
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
Follow the upside: How NYC  investors are rethinking real estate - by Thomas Donovan

Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan

In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily
Hunt Commercial Real Estate Question and Answer:  Evaluating the buyer - by David Hunt

Hunt Commercial Real Estate Question and Answer: Evaluating the buyer - by David Hunt

The Purchaser: This is usually a subjective decision. As an example, a large public company may be a desirable purchaser because it is financially strong, but