News: Brokerage

Roe Developments' Star Tower is 50% sold

According to Roe Development Corp., more than 50% of the residences have been sold at The Star Tower, one of Long Island City's tallest residential condominiums, in just four months. When completed in winter 2009, the glass tower will rise 25 stories and will offer residents views of the Manhattan skyline. Located at 28-02 42nd Rd., The Star Tower will contain 180 one and two-bedroom residences ranging from 617 s/f to 1,213 s/f. Roe Development Corp. is a Manhattan-based real estate owner, developer, construction and investment company with more than 30 years of experience in the ownership, development, sales, management, leasing, and financing of residential and commercial properties throughout New York City.  Following its success with Fusion Condominium in Long Island City, the company is currently developing its newest luxury condominium project, The Star Tower, and plans to develop additional condominium and townhome projects around the New York metropolitan area.
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Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,