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STO Building Group launches Elevator Construction Consultants
September 9, 2025
Manhattan, NY STO Building Group has launched Elevator Construction Consultants (ECC), a specialized service line designed to address one of construction’s most persistent bottlenecks: vertical transportation. With the goal of improving elevator system performance, efficiency, and inspection success, ECC centralizes STOBG’s elevator and escalator expertise into a single, high-impact resource. Led by elevator industry veteran Michael Walsh as vice president,
NYC public school vs. private school construction considerations - by Sophia Loria
September 9, 2025
Construction projects for public and private sector schools differ in a few key ways — and these differences are only more important when working with the NYC School Construction Authority (NYC SCA). Specific vendor procurement requirements, stricter budgets, less code flexibility, and complicated timelines can be major obstacles to unfamiliar applicants.
Best simple lease agreement templates for residential properties - by Max Glassburg
September 9, 2025
Having trouble finding simple lease agreement templates you can trust? You’re not alone. The internet is full of free lease agreements, and they’re easy to find. But how can you be sure that a free lease agreement is legally compliant without hiring an attorney to review it? You can’t. On the other hand, legal lease templates are easy to find, but they can be expensive to purchase one at a time. That’s why some property managers choose to write their own rental lease agreements,
Rose Associates hires Ackerman as managing director of acquisitions
September 9, 2025
Manhattan, NY Rose Associates, Inc., has hired Daniel Ackerman to act as managing director of acquisitions. Ackerman joins Rose with a focus on advancing the company’s commitment to being one of the premier investment, development and management firms in the New York City Metro market. As managing director of acquisitions, he will help lead Rose’s investment strategy
Alloy Development and The Vistria Group close $535 million in capital for second phase of Alloy Bloc...
September 9, 2025
Brooklyn, NY Alloy Development (Alloy) and The Vistria Group (Vistria) have closed $535 million in capital for construction of the second phase of the Alloy Block and the tallest Passive House building in the world, One Third Ave. Rising to 730 ft., One Third Ave. completes the Alloy Block, joining the two projects in the first phase of development – 505 State St., New York City’s first all-electric skyscraper and 489 State St., the first two public schools designed to meet Passive House standards.
Glacier Equities and Intervest Capital commence closings at 720 West End Ave.
September 9, 2025
Manhattan, NY Closings have commenced at 720 West End Ave., the new luxury condominium that transforms a 1927 Emery Roth-designed pre-war building into a residential address in a landmarked area of the Upper West Side. Developed through a collaboration between Glacier Equities and InterVest Capital Partners, the building has been reimagined by designer Thomas Juul-Hansen
Casoni tops out at 70 stories - by Sioni Group with AB & Sons and design by C3D Architecture
September 9, 2025
Manhattan, NY Casoni, the 70-story curvilinear luxury residential tower at 989 Sixth Ave. in Midtown near Bryant Park, has officially topped out at its full 785-ft. height — one month ahead of schedule. The champagne-colored, glass tower is now one step closer to completion, marking a major milestone in the transformation of the Garment District skyline.
Fisher Brothers with Blackstone Real Estate as joint venture completes $850 million refinancing
September 9, 2025
Manhattan, NY According to Fisher Brothers, funds affiliated with Blackstone Real Estate acquired a 46% joint-control interest in 1345 Avenue of the Americas at a full capitalization of $1.4 billion. Fisher Brothers, investing alongside Blackstone, also increased its majority ownership as part of the transaction.
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Douglaston Development unveils
Atlantic BK - 456-unit multifamily
September 9, 2025
Brooklyn, NY Douglaston Development unveiled new project imagery of Atlantic BK, a 456-unit, mixed-income multifamily development, offering a preview of the amenity-forward building situated at the intersection of three borough neighborhoods: Bedford-Stuyvesant, Clinton Hill,
JLL facilitates two leases at 60 Broad St. - 14,470 s/f
September 9, 2025
Manhattan, NY JLL has arranged two new leases at 60 Broad St., the 39-story glass and steel Financial District skyscraper owned by Piedmont Realty Trust. The Center for New York City Neighborhoods, a nonprofit organization that works to protect and promote affordable homeownership, signed a 10,979 s/f lease covering part
Tap into your adaptive reuse project’s maximum marketing potential - by Stacey Ross Cohen
September 9, 2025
From empty offices to modern apartments, vacant retail to reimagined hospitality, abandoned warehouses to vibrant food halls – developers are simultaneously breathing new life into old buildings and reshaping communities with impactful new developments. In partnership with their clients, they are reinvigorating downtowns, erecting tourist destinations and generating important economic activity.
Silverstein Properties, Rush Street Gaming, and Greenwood Gaming & Entertainment forms restaurant pa...
September 9, 2025
Manhattan, NY Silverstein Properties, Rush Street Gaming, and Greenwood Gaming and Entertainment today have formed their restaurant and food partnerships for The Avenir, a mixed-use entertainment complex proposed for the Far West Side: a mix of locally loved favorites and globally recognized names that are certain to make the project one
LCOR launches leasing at Allen - 28-story residential tower
September 9, 2025
New Rochelle, NY LCOR, a real estate investment, development, and management firm, launched leasing at Allen, its newest 28-story residential tower. Delivering 307 designed residences, including 31 affordable units, the residential community introduces a new standard of contemporary urban living to one of Westchester County’s evolving city centers.
New Empire Corp. celebrates Radiant topping out at 40% leased
September 9, 2025
Queens, NY Radiant, Long Island City’s newest luxury condominium, celebrated its topping out with nearly 40% in contract. Long Island City’s newest architecturally-significant building is developed by New Empire Corp., a New York-based development and construction management firm building top-quality residential projects
Legion Investment Group begins construction at 550 West 21st St.
September 9, 2025
Manhattan, NY According to Legion Investment Group, vertical construction is underway at 550 West 21st St., a new 23-story waterfront condominium bringing 83 residences to West Chelsea. The future building is situated between the Hudson River Park and the High Line, providing residents with connectivity to green spaces
PRC under new ownership and rebrands to People Restoring Communities
September 9, 2025
White Plains, NY Matthew and Benjamin Linde have officially acquired full ownership of PRC, a national real estate firm based in New York specializing in affordable housing, which has rebranded from Property Resources Corporation to People Restoring Communities. This transition marks a new chapter for the organization
MacQuesten Development, LLC recognized as 2025 Developer of the Year Award by Bronx Chamber of Comme...
September 9, 2025
Bronx, NY According to The Bronx Chamber of Commerce, MacQuesten Development, LLC will be honored with the 2025 Developer of the Year Award at its annual gala: Illuminating Success, to be held on Thursday, September 18, 2025, at the Marina del Rey waterfront venue. The Developer of the Year Award recognizes a firm that exemplifies excellence in real estate development, from bold urban visioning to innovation in design and construction
The Durst Organization opens 58,000 s/f waterfront esplanade at Halletts Point Astoria
September 9, 2025
Queens, NY The Durst Organization has opened the publicly accessible waterfront esplanade at Halletts Point in Astoria. The 58,000 s/f waterfront esplanade, designed by Starr Whitehouse Landscape Architects and Planners, features views of the Manhattan skyline, a playground, picnic area
Arrow Real Estate Advisors arranges $320 million
for Bushburg Properties’ office-to-residentia...
September 9, 2025
Manhattan, NY Arrow Real Estate Advisors, a real estate finance advisory firm, has arranged a $320 million construction loan on behalf of Bushburg Properties for the conversion of 80 Pine St., a 41-story office tower in the Financial District. The loan was provided by BridgeCity Capital and Deutsche Bank.
ACRE closes $1 billion credit fund to expand lending
September 9, 2025
New York, NY ACRE, a leading private real estate fund manager focused on U.S. housing, has closed ACRE Credit Fund II, totaling $1 billion in capital commitments raised, reaching the hard cap. The fully subscribed fund marks ACRE’s sixth discretionary vehicle and second dedicated credit fund, underscoring robust