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Perlman of Largo closes multi-family construction loan
February 11, 2025
East Aurora, NY Ned Perlman, vice president of upstate originations at Largo Real Estate Advisors, Inc. negotiated the closing of a $1 million multifamily construction loan. The planned units will be within walking distance to grocery stores and the attractions of Main St.
Pyramid Management secures loan
extension for Sangertown Square
February 11, 2025
New Hartford, NY Pyramid Management Group has secured a three-year extension for the loan on Sangertown Square. This extension will allow Pyramid to continue to reinvest in the property and ensure its vitality, vibrancy and sustained success in Central New York and the Mohawk Valley.
Swon and Anton of Marcus & Millichap broker sale of two hotel portfolio
February 11, 2025
Syracuse, NY Marcus & Millichap negotiated the sale of a two-property hotel portfolio in Upstate New York. “I am pleased to have successfully transacted this nuanced deal,” said Jerry Swon. “Both hotels will be renovated, with the Staybridge continuing to operate
BOMA New York: Welcome back to the office
February 11, 2025
As we navigate the transition from remote work to returning to the office, BOMA New York acknowledges the significance of in-person collaboration and the many benefits it offers. At BOMA New York, we encourage all our members to embrace the opportunity to return to the office, not only for increased productivity but also for the vital relationship-building that in-person collaboration fosters.
IREM NYC names Whelan of REBNY as 2024 Real Estate Person of the Year
February 11, 2025
Manhattan, NY The Greater New York Chapter of the Institute of Real Estate Management (IREM NYC) proudly announces James Whelan, president of the Real Estate Board of New York (REBNY), as the recipient of the 2024 Real Estate Person of the Year Award.
PWC NY presents “Resilience Infrastructure Across New York”
February 11, 2025
Manhattan, NY As extreme weather events increase due to climate change, ensuring that physical structures are secure is a priority in the AEC industry. The New York chapter of Professional Women in Construction (PWC-NY) is bringing together top industry leaders from NYCEDC, SCAPE, STV, MTA and NYC DEP for a panel on Resilience Infrastructure Across New York.
LCOR leases 3,400 s/f for Art’s House relocation
February 11, 2025
Brooklyn, NY According to LCOR, a leader in real estate investment, development, and management, Art’s House Schools, a not-for-profit performing arts school based in Coney Island, has signed a ground-floor lease at the base of its newly completed residential development, 1515 Surf Ave. The lease represents
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Witkoff and Access Industries’ One High Line project passes $1b in sales
February 11, 2025
Manhattan, NY Witkoff and Access Industries’ One High Line, their luxury condominium project has surpassed $1 billion in sales, one of the fastest residential projects in downtown West Chelsea to do so in ten years. Corcoran Sunshine Sales and Marketing led One High Line to over $1.043 billion in sales capturing 7% of the entire new development market by dollar volume last year.
New Urban Residential appoints Gubiotti president
February 11, 2025
Manhattan, NY New Urban Residential, which operates multifamily rental properties nationally as an affiliate of Spruce Properties, has appointed of Stephanie Gubiotti as president. Gubiotti will oversee the company’s management operations and continued national growth.
Simone Development features winter exhibit at The Gallery of ARTFul Medicine
February 11, 2025
Bronx, NY Simone Development Companies has opened “A(I) Brighter Tomorrow: Cancer and Beyond”, a new winter exhibit at The Gallery of ARTFul Medicine, located in the lobby of Simone Development’s Hutchinson Metro Center’s Tower One at 1250 Waters Pl. The exhibition opened to the public on January 24th
JLL completes 3,413 s/f lab lease for Waypoint Bio
February 11, 2025
Manhattan, NY JLL has completed a new lab lease for pioneering biotech startup Waypoint Bio at 430 East 29th St. within the Alexandria Center for Life Science. A startup founded in 2021 with a mission to leverage AI, pooled screening, and spatial biology
Alloy partners with Radial Power and MaxSolar to bring offsite solar energy to 505 State St. residen...
February 11, 2025
Brooklyn, NY Alloy Development (Alloy) has selected Radial Power and MaxSolar to provide 100% renewable energy at New York City’s first all-electric residential tower, 505 State St., through two separate community solar agreements – helping it to reach its goal of being NYC’s first all-electric,
Vornado Realty with USGBC achieve LEED certification across in-service portfolio
February 11, 2025
Manhattan, NY Vornado Realty Trust, along with the U.S. Green Building Council (USGBC), has become the first major real estate owner, operator and developer to achieve 100% LEED certification across its entire portfolio of in-service buildings.
Optimum Asset Management opens
222 LES Tower + Lofts to residents
February 11, 2025
Manhattan, NY Optimum Asset Management, a real estate investment and development firm, has commenced closings at 222 LES Tower + Lofts, its new boutique condominium downtown. Situated on the Lower East Side, 222 LES Tower + Lofts offers an intimate collection of light-filled residences and a suite of indoor and outdoor amenities,
L+M Development Partners implements new CFO and president of property management
February 11, 2025
Manhattan, NY National affordable and mixed-income housing leader L+M Development Partners LLC (L+M) implemented changes to its executive leadership team as the firm continues to advance operations and grow its portfolio in the New York area and nationwide. Joe Curatolo, who has been with L+M since 2021, will now serve as chief financial officer,
Claysson Marks Realty, IMC Architecture, StudioSC and Royal Builders finish 31,600 s/f, six-story co...
February 11, 2025
Brooklyn, NY The project team of developer Claysson Marks Realty Corp., architect IMC Architecture, interior designer StudioSC and contractor Royal Builders completed construction of 462 St. Marks Ave., a boutique elevator condominium building with a collection of 19 one-, two-
RIPCO sells three-family building for $4.775 million
February 11, 2025
Brooklyn, NY RIPCO Real Estate completed the sale of 168 Pacific St. in Cobble Hill, for $4.775 million. The three-family building measures 4,200 s/f and is a four-story brick brownstone situated on a tree-lined street between Clinton and Court St. The sale price equated to over $1,100 per s/f. The seller delivered the property vacant allowing the buyer to immediately begin a gut renovation of the entire property.
Two Trees Management debuts Williamsburg’s first waterfront ice rink
February 11, 2025
Brooklyn, NY The developer and manager of Domino Park, Two Trees Management, began its inaugural holiday season with the debut of Williamsburg’s first waterfront ice skating rink. Residents of Williamsburg and visitors to the neighborhood are invited to a roster of festive programming at the new one-acre public plaza
The Moinian Group completes payment of $630m in bonds issued through Moinian Limited
February 11, 2025
Manhattan, NY Joseph Moinian, CEO and founder of The Moinian Group, has completed the full payment of over $630 million in principal and interest on bonds issued through Moinian Limited, the company’s publicly reporting subsidiary on the Tel Aviv Stock Exchange (TASE).
BXP signs 246,000 s/f lease renewal with KnitWell Group at 7 Times Square
February 11, 2025
Manhattan, NY BXP, one of the largest publicly traded developers, owner, and manager of premier workplaces in the U.S., signed a 246,000 s/f long-term lease renewal and expansion with KnitWell Group at 7 Times Sq. The 20-year lease comprises the existing approximately 191,000 s/f premises plus two additional full floors totaling 55,000 s/f.