News: Owners Developers & Managers

Rockrose Development opens second rental building at EastCoast

LONG ISLAND CITY, NY According to Rockrose Development Corp., 4705 Center Blvd., its second luxury rental building at EastCoast has opened. EastCoast will continue to offer renters high design, with amenity spaces by award-winning architecture and design firm The Rockwell Group, and an impressive amenity package, rivaling that of any luxury condominium. Designed by Arquitectonica, the 30-story glass and steel tower offers city, park and water views. The unique waterfront site informed the geometry of 4705 Center Blvd., designed to maximize views from every apartment. From traditional studios to two bedrooms (515 to 1,279 s/f), the 394 residences offer a variety of living options, many with outdoor space. EastCoast is to be developed in eight phases, with all buildings expected to be completed by 2012.
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Rudin to welcome Corpay at 560 Lexington

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.
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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
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by  Ron Cohen

NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen

New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations
Don’t leave severance damages behind - by Sebastian Jablonski

Don’t leave severance damages behind - by Sebastian Jablonski

When the government takes a portion of a landowner’s property, most assume just compensation stops at the value of the land taken. However, in partial takings, that is only half of the equation.
New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s historic rent freeze now rests with the courts - by Ron Cohen

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.