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Preservation of affordable housing in New York City will always be a challenge - by Jay Sobhraj
May 1, 2018
The preservation of affordable housing in NYC will always be an enormous challenge. Not only is New York one of the most expensive cities in the world, with very little room left to build, it is being constantly reinvented. Neighborhoods that a decade ago were neglected, or primarily heavy industry, become today’s hottest residential markets, with rents rising higher than anyone can predict.
WayFinderPM hosts Q1 Developers’ Summit
May 1, 2018
Manhattan, NY Real estate property and asset manager WayFinderPM just hosted the Q1 2018 WayFinderPM Developers’ Summit. The latest event in the ongoing series of lectures, discussions, and presentations aimed to educate both domestic and international property professionals and investors on the current legal, financial, and political issues impacting the NYC’s real estate industry.
Ceruzzi and Kuafu begins construction on 230,000 s/f mixed-use development; Project team includes: G...
May 1, 2018
Manhattan, NY According to Ceruzzi Holdings LLC, construction is underway at 147-151 East 86th St., its 18-story, 210-ft. mixed-use development in partnership with Kuafu Properties. Construction financing has been provided by TCI Fund Management Ltd. and arranged by Holliday Fenoglio Fowler, L.P. (HFF).
Steenson named director of development at Townhomes Management
May 1, 2018
New York, NY Paul Steenson was recently appointed director of development at Townhouse Management Co., a third-generation real estate company that acquires, develops and manages residential, commercial, retail and mixed-use properties throughout the New York metropolitan area.
GDC and city officials celebrate topping off of Gateway Townhomes
May 1, 2018
PEEKSKILL, NY Ginsburg Development Companies (GDC) has joined with mayor Andre Rainey and other local dignitaries to celebrate the “topping off” of Gateway Townhomes. The ceremony, which marks the completion of the final floor and roof of the building, underscores the continued commitment to the revitalization of the city. GDC was the builder and the architect for the project.
LCOR celebrates grand opening of the first phase of the $250 million Continuum project in White Plai...
May 1, 2018
WHITE PLAINS, NY The transformation of the Transit District took a step forward with the grand opening of the first phase of Continuum, a 16-story transit-oriented development featuring 288 rental residences, amenities and 3,000 s/f of ground
BRP and Hudson begin phase two of $335 million La Central project; Designed by FXCOLLABORATIVE with ...
May 1, 2018
Bronx, NY Construction has started on two buildings at La Central, a $335 million, 1.1 million s/f mixed-income project. NYC and NYS officials joined the leaders of BRP Cos., Hudson Cos., ELH-TKC, Breaking Ground, Comunilife and the YMCA of Greater New York and other project partners to celebrate the groundbreaking.