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LCOR leases 3,500 s/f at 1515 Surf Ave. to Milk & Honey
January 14, 2025
Brooklyn, NY LCOR has signed a retail lease with Brooklyn-based cafe and restaurant Milk & Honey at its newly completed 1515 Surf Ave. This will open the cafe’s third location. 1515 Surf Ave., which features 463 residences on the Coney Island waterfront, will host Milk & Honey in a 3,500 s/f ground-floor space at the corner of West 15th St. and Surf Ave.
Atlantic Development sells 350 Grand Concourse to Shorewood - $28.5m
January 14, 2025
Bronx, NY RIPCO Real Estate has arranged the sale of 350 Grand Concourse, a development site located in the Mott Haven neighborhood. The buyer, Shorewood Real Estate Group, acquired the site for $28.5 million from Atlantic Development & Investment. RIPCO represented the seller and buyer in this transaction, which just closed.
FullStack Modular opens 130,000 s/f CA facility
January 14, 2025
Carson, CA FullStack Modular has opened a west coast manufacturing facility. This expansion will create approximately 140 new jobs. FullStack Modular and its complete SMEP integrated system can effectively address California’s unmet housing demand through efficient, sustainable offsite construction. FullStack Modular also operates a factory in Connecticut, supporting its success on the East Coast.
Maddd Equities and Aufgang Architects to develop 73-unit mixed-use condo
January 14, 2025
Manhattan, NY A 73-unit affordable mixed-use condominium will be constructed at 132 East 125 St. at Lexington Ave., bringing home ownership opportunities to the heart of Harlem. Developed by Maddd Equities and designed by Aufgang Architects, the 13-story building will include 7,000 s/f of ground floor retail space and 45,000 s/f of medical offices on the second through fifth floors.
TerraCRG sells 17,500 s/f industrial building at 200 Seigel St. for $12 million
January 14, 2025
Brooklyn, NY TerraCRG negotiated the $12 million sale of the 17,500 s/f industrial building at 200 Seigel St. in East Williamsburg. The TerraCRG team, led by Daniel Lebor also including Dan Marks and Jackson O’Neill, represented the buyers on the
Naftali Credit Partners provides $18.5m pre-dev. loan to Urban Development Partners for 167-174 4th ...
January 14, 2025
Brooklyn, NY Naftali Credit Partners, a subsidiary of Naftali Group, have closed on a pre-development loan marking the sixth deal of its second credit fund. Naftali Credit Partners provided a loan of $18.5 million to Urban Development Partners, a New York City-based real estate firm. The pre-development loan is financing 167-174 4th Ave.
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Hudson Boulevard Collective to create Site K - $1.35b mixed-use project
January 14, 2025
Manhattan, NY According to governor Kathy Hochul, the Hudson Boulevard Collective — a partnership of BRP Companies, BXP, The Moinian Group and Urbane Development, with minority-owned businesses representing 31% of the development team — as the conditionally designated entity to create a transformative $1.35 billion mixed-use project at 418 Eleventh Ave.
Cozen O’Connor welcomes Cobb to condominiums and cooperatives practice
January 14, 2025
Manhattan, NY Cozen O’Connor has added real estate litigator Christopher Cobb to its expanding condominiums and cooperatives practice. Cobb brings to the firm nearly three decades of experience as a residential real estate and construction litigator with substantial cooperative housing and condominium practice. He joins the firm as a member and will work out of Cozen O’Connor’s New York City office.
Alloy Development secures $290m
in financing for 505 State St.
January 14, 2025
Brooklyn, NY Alloy Development (Alloy) has secured $290 million in permanent financing for 505 State St., New York City’s first all-electric skyscraper, located at the intersection of State St. and Flatbush Ave. The financing, provided by New York Life Real Estate Investors,
The Moinian Group begins leasing at ARIA - 114-unit luxury residence
January 14, 2025
Manhattan, NY The Moinian Group has launched leasing for 114 luxury residences at the newly named ARIA, located at 90 John St. in the Financial District. Move-ins at the newly completed residences are slated to commence by the end of 2024.
Product of the Month: OverBooked AI: Redefining lead management in the home services industry
January 14, 2025
New York, NY Never miss another lead — and never pay until you profit. At OverBooked AI, we help you turn missed opportunities into real revenue by ensuring every potential client is engaged, qualified, and booked — day or night.
The Arc Westchester receives $197,688 in grants from NYSARC Trust Services
January 14, 2025
Hawthorne, NY The Arc Westchester, a not-for-profit organization supporting people with developmental disabilities in Westchester County, has been awarded $197,688 in grants from the trustee management board of NYSARC Trust Services to support The Arc Westchester’s guardianship and recreation programs.
TF Cornerstone signs 5,814 s/f in retail leases at Malt Drive development
January 14, 2025
Queens, NY TF Cornerstone (TFC) has gone through the first round of lease signings at its new Malt Dr. development in the Hunter’s Point South. Four tenants signed a total of 5,814 s/f across a variety of industries: Stepping Stone Café by Maman; Dear sundays; FER Restaurant; and JoJo & Co. Pet Club, will occupy ground floor retail spaces
RiseBoro Community Partnership closes $412.4m in financing for Phase II of Alafia mixed-use developm...
January 14, 2025
Brooklyn, NY RiseBoro Community Partnership has closed on $412.4 million in financing for the second phase of Alafia, a wellness-oriented mixed-use development designed to address the chronic social, economic, and health disparities in East New York.
Lendlease and Aware Super unveil The Riverie - 834-unit multifamily development - design by Marvel
January 14, 2025
Brooklyn, NY Lendlease and joint venture partner Aware Super, one of Australia’s largest superannuation funds, unveiled the name and new renderings for The Riverie, an 834-unit multifamily development at 1 Java St. along the waterfront in Greenpoint. With leasing starting in 2025,
Kamara of The Durst Organization to be chairman of YM/WREA of New York
January 14, 2025
Manhattan, NY Sayo Kamara, associate director of commercial leasing at The Durst Organization, has been elected to serve as the 2025 chairman of the Young Men’s/Women’s Real Estate Association of New York (YM/WREA). Kamara is the first African American to lead the organization.
Global Holdings launches $30m in
capital improvement at 99 Park Ave.
January 14, 2025
Manhattan, NY Global Holdings, the international real estate development and investment firm led by chairman and founder Eyal Ofer, has secured a $30 million capital improvement program at 99 Park Ave., its class A office tower located near Grand Central Terminal.
Tishman Speyer to develop 339-unit
affordable residence with $222m in financing
January 14, 2025
Bronx, NY Tishman Speyer’s TS Communities, the firm’s affordable housing development platform, has secured financing and will begin construction in January on an eight-story, 100% affordable apartment building at 160 Van Cortlandt Park South in the Kingsbridge neighborhood.
Hudson Gateway Assn. of Realtors honors D’Anzica of Dynamax Realty as its 2024 Realtor of the Yea...
January 14, 2025
Tarrytown, NY At its 108th annual meeting, held at the Westchester Marriot Hotel, the Hudson Gateway Association of Realtors (HGAR) awarded Tony D’Anzica, founder and president of Dynamax Realty Inc. with the association’s Realtor
Feil Organization signs LKEM and Spada Uniforms at 145 W 30th St.; two leases total 16,646 s/f
January 14, 2025
Manhattan, NY The Feil Organization has signed two long-term leases totaling 16,646 s/f at 145 W 30th St. “Leasing momentum at 145 W 30th St. highlights the demand for the property’s prime location and unique loft-style