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The ideal candidate for office-to-residential conversion - by Robert Khodadadian
October 29, 2024
The rise of remote and hybrid work policies, accelerated by the COVID-19 pandemic, has led to a significant increase in office vacancies across the country. This, combined with the ongoing national housing crisis, has prompted many landlords to consider converting office buildings into residential units. As an active
Lee & Associates NYC leases 21 West 38th St. to 100%
October 29, 2024
Manhattan, NY Lee & Associates NYC has completed the leasing of 21 West 38th St., a 17-story, 75,000 s/f office building in Midtown South. Todd Korren, principal and executive managing director of Lee & Associates NYC, led the team by facilitating a new 4,465 s/f lease and two lease
Chaney of Rosenberg & Estis completes $6.6 million sale of air rights to Alchemy Properties
October 29, 2024
Manhattan, NY Rosenberg & Estis, P.C. has completed the $6.6 million sale of air rights on behalf of Plentino Realty. Frank Chaney, counsel, represented Plentino in the sale of air rights from its properties at 1488 and 1490 First Ave. on the Upper East Side to Alchemy
Stenson of Brax Realty sells mixed-use building for $1.925 million
October 29, 2024
Manhattan, NY Alan Stenson, senior director of Brax Realty negotiated the sale of 175 East 116th St. located in East Harlem for $1.925 million. The property is located between Lexington Ave. and Third Ave. and consists of 3,825 s/f. The property has one retail unit which is occupied by
Ziskin, Lobel and Zeitchik of Investment Property Realty Group sell 226 Third Ave. for $10.3 million...
October 29, 2024
Manhattan, NY Investment Property Realty Group (IPRG) brokered the closing of 226 Third Ave. for $10.3 million. This property is located on the corner of East 19th St. and Third Ave. in Gramercy Park. This mixed-use building offers 20 apartments and one retail unit. It is built 46 ft. x 56 ft.,
M&T Realty Capital provides $18.75 million
for 85-unit affordable multifamily, The Louella
October 29, 2024
Bronx, NY M&T Realty Capital Corp. (M&T RCC) closed an $18.75 million Freddie Mac Forward Commitment 9% LIHTC loan for The Louella, an 85-unit age-restricted multifamily housing property located in the Fordham Heights neighborhood. The team was able to secure favorable permanent financing terms
Continental Properties begins construction of Fairfield County luxury multi-family community
October 15, 2024
Shelton, CT Continental Properties, one of Connecticut’s most successful developers of luxury multi-family communities, began construction of its newest community, located in Fairfield County at 453 River Rd
DeSimone Consulting Engineering recognized for work on Olympia DUMBO
October 29, 2024
Brooklyn, NY Innovative engineering that enabled the new Olympia DUMBO residential tower to billow towards the sky with a sail-shaped silhouette has earned DeSimone Consulting Engineering official recognition. Olympia DUMBO, developed by Fortis Property Group, combines
EP Engineering provides services for T-Squared Social - 22,000 s/f project
October 29, 2024
Manhattan, NY EP Engineering, engineering services firm, has completed full engineering services for T-Squared Social, Tiger Woods and Justin Timberlake’s new sports lounge, and entertainment bar in midtown. The 22,000 s/f project includes the large open space of the main bar, private
Project REAP appoints Nash Laird as executive director
October 29, 2024
New York, NY Project REAP (Real Estate Associate Program) has appointed Taneshia Nash Laird, a Boston-based professional, as the organization’s new executive director. Founded in 1998, REAP employs education, mentorships and corporate partnerships to amplify inclusivity and impact in the commercial real estate (CRE) industry from entry-level through the C-Suite. Nash Laird,
Clark joins Seregh’s newly-formed investment committee
October 29, 2024
New York, NY Seregh, pronounced “Surge,” a sports and entertainment real estate development company, has welcomed the addition of Ric Clark, former chairman and CEO of Brookfield Property Group, to its board and newly-formed investment committee. Clark, who scaled Brookfield’s assets under management
Hudson Companies and St. Nicks Alliance begin phase two of Kingsland Commons
October 29, 2024
Brooklyn, NY The Hudson Companies and St. Nicks Alliance, in partnership with the New York City Department of Housing Preservation and Development (HPD), the New York City Housing Development Corporation (HDC), the New York State Research and Development Authority (NYSERDA), the New York City Energy Efficiency Corporation
Two Trees Management leases showroom to luxury design company Henrybuilt
October 29, 2024
Brooklyn, NY Two Trees Management Co. has arranged for Henrybuilt, the renowned luxury design company specializing in bespoke kitchens and custom home solutions, to sign a new lease for the entire historic Stable Building, a standalone heritage frontage located at 16 Main St. in the Dumbo
Steel Equities and Marcus Organization concludes first phase of construction at Belmont at Eastview
October 29, 2024
Central Islip, NY Steel Equities and The Marcus Organization has completed the first phase of construction of The Belmont at Eastview, a transformative redevelopment project on the old New York Institute of Technology (NYIT) campus. This included the development of 364 rental homes and a community center that features exercise and recreational facilities.
Bhagath of Thornton Tomasetti receives 2024 John R. Sheaffer Award
October 29, 2024
Manhattan, NY Thornton Tomasetti associate principal Aditya Bhagath was recently presented with the 2024 John R. Sheaffer Award for Excellence in Floodproofing by the Association of State Floodplain Managers for his innovative work in protecting buildings from floods. The award highlights Bhagath’s contributions
SCALE Lending issues $135m construction loan for residential towers
October 29, 2024
Bronx, NY SCALE Lending, the debt financing arm of Slate Property Group, has issued a $135 million construction loan for two adjacent multifamily projects located at 261 Grand Concourse and 315 Grand Concourse in Mott Haven.
Crystal Window & Door Systems supplies fenestration for Industry Indianapolis; 13-story mixed-use b...
October 29, 2024
Indianapolis, IN Crystal Window & Door Systems supplied the new 13-story Industry Indianapolis mixed-use building with a variety of its leading energy-efficient window and door products. Six different Crystal window and door products totaling 1,346 units were specified and installed at the new construction project
Shawmut Design and Construction hosts
appreciation event at The Peninsula NY
October 29, 2024
Manhattan, NY Shawmut Design and Construction welcomed partners and industry leaders in commercial real estate and design to the recently Shawmut-renovated The Peninsula New York at the luxury hotel’s rooftop bar, Pen Top. The appreciation event recognized the vital role partnerships
Avdoo & Partners and Brent Buck Architects break ground on 110 Boerum
October 29, 2024
Brooklyn, NY Avdoo & Partners Development have broken ground on 110 Boerum Pl., a new residential development coming to the neighborhood of Cobble Hill. Designed by Brooklyn-based firm Brent Buck Architects, 110 Boerum Place will offer 21 luxury condominium residences with crafted interiors, amenities and a private outdoor space.
AmTrust Title introduces AMT Title Services residential title division
October 29, 2024
New York, NY AmTrust Title, a subsidiary of AmTrust Financial Services, Inc., introduced AMT Title Services, the new brand for its residential title division acquired in 2022. AMT Title Services, formerly Netco Title, is licensed or otherwise authorized to operate in 40 states and the District of Columbia,