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Simone Development underway for 190,000 s/f warehouse-conversion
March 26, 2024
Bronx, NY Simone Development Companies’ conversion of a former supermarket building into a modern warehouse-distribution center in the Morris Park section is well underway, with dozens of the tri-state region’s top industrial brokers previewing the new design renderings
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JRM Construction unveils new luxury
retail space Hive & Colony - 1,850 s/f
March 26, 2024
Manhattan, NY JRM Construction Management unveils the newly completed Hive & Colony retail space, a high-end 1,850 s/f shopping destination. Crafted under the direction of Heitler Houstoun Architects, this project represents a fusion of luxury and functionality.
Yates Exterior Restoration restores
31-story landmark office tower
March 26, 2024
Manhattan, NY Yates Exterior Restoration Services, LLC, a full-service construction company specializing in exterior building restoration services, has recently completed a complex, two-year restoration project at 17 Battery Pl., a 31-story landmark office tower built between 1904 and 1910.
YIDA approves financial incentives for AMS
Acquisitions’ $458m development - Teutonia Hall
March 26, 2024
Yonkers, NY The Yonkers Industrial Development Agency (YIDA) voted on February 29 final approval of financial incentives for Teutonia Hall, a $458 million mixed-use residential complex featuring two luxury 41-story towers. It is one of the largest developments to come before the YIDA in recent years.
Manzella and Brown named to Nassau County Industrial Development Agency board of directors
March 26, 2024
Mineola, NY The Nassau County Industrial Development Agency appointed two new members to its board of directors. Marissa Brown and Joseph Manzella join the board, filling a vacant seat and replacing Victor LaGreca, who resigned from the board
Ariel Property Advisors closes four multifamily property sales - $9.17m
March 26, 2024
Manhattan, NY Ariel Property Advisors (Ariel) arranged the closing of four investment sales transactions in Brooklyn, Queens and Northern Manhattan, totaling $9,172,500. The deals include the following: • 112 Nagle Ave. in Fort George: Ariel arranged the $3.175 million sale of a fully rent stabilized, well-maintained
Rosewood Realty brokers $2.4m multifamily sale
March 26, 2024
Brooklyn, NY Rosewood Realty Group has brokered the sale of a 27-unit multifamily building in East Flatbush for $2.4 million. The four-story walk-up building at 290 East 53rd St. was built in 1920.
BHI increases Yellowstone Funds capital call line to $150 million
March 26, 2024
Manhattan, NY BHI has increased its capital call line facility from $90 million to $150 million to provide Yellowstone Funds (Yellowstone) with liquidity as the real estate investment platform continues to evaluate the current environment
Merchants Capital NY provides $1.7 billion in 2023
March 26, 2024
New York, NY The New York office of Merchants Capital delivered a total production volume of $1.7 billion for 2023, surpassing its record-breaking $1.3 billion debt production volume in 2022. These numbers financed the construction and preservation of
Westchester County launches Housing Flex Fund
March 26, 2024
White Plains, NY Westchester County is now accepting applications for funding under the County’s Housing Flex Fund (HFF) Program that provides financing for affordable housing developments.
WX notifies second round of partnership with Project Destined to mentor underserved students
March 26, 2024
New York, NY WX New York Women Executives in Real Estate (WX) has publicized the second round of its partnership with Project Destined to provide diverse women in New York City with internship opportunities to explore ownership through current and previous real estate
Edelman joins Olshan Frome Wolosky as partner
March 26, 2024
Manhattan, NY Olshan Frome Wolosky LLP welcomes Ari Edelman as a partner in the firm’s corporate/securities law group. Edelman’s career has entailed experience in domestic and global capital markets matters, securities regulation, mergers
Friedman joins Concord Summit Capital as managing director
March 26, 2024
Manhattan, NY Concord Summit Capital, LLC (Concord Summit) has hired veteran industry professional Aryeh Friedman as managing director. Based in the firm’s New York City office at 9 East 40th St., he will be responsible for sourcing new debt and equity
Laubinger and Jones hired at Greystone
March 26, 2024
Manhattan, NY Greystone’s Low Income Housing Tax Credit (LIHTC) syndication platform added Sarah Laubinger as chief operating officer and Todd Jones as chief investment officer. Both will report to Greg Voyentzie, CEO of the LIHTC syndication platform known
MLA Team at Compass and Brownstone Property Group provide one-stop brokerage services
March 26, 2024
Brooklyn, NY Two business leaders, MLA Team at Compass and Brownstone Property Group, have partnered to provide access to essential real estate services to maximize value for property owners. The combination of professionals creates a vertically-integrated
Gravity’s 24 500kW charging center opens at Related Cos.’ 401 West 42nd St.
March 26, 2024
Manhattan, NY Gravity, the New York-headquartered electric vehicle infrastructure startup, was joined by NYSERDA, Con Edison, Related Companies, congressman Jerrold Nadler and city officials to open its Midtown Manhattan EV charging center to the public,
Miceli of Largo Real Estate Advisors obtains $4.5 million financing
March 24, 2024
Tonawanda, NY Perry Miceli, principal of Largo Real Estate Advisors, Inc. obtained a $4.5 million permanent first mortgage to finance the acquisition of a 123,000 s/f industrial facility.
TerraCRG sells 550 Union St. site for $4 million
March 26, 2024
Brooklyn, NY TerraCRG closed on the sale of the 10,800 buildable s/f development site at 550 Union St. located in Gowanus. Dan Marks, Andrew Manasia, and Daniel Lebor of TerraCRG exclusively brokered the transaction for a sale price of $4 million.
IREON Insights: A convergence of calamities — Same old story — Now is the time for planning with...
March 26, 2024
This year, there are several financial, legislative, economic, and political undercurrents that are lining up for a perfect storm of opportunity for families with real estate wealth and their estate advisors. Core and non-core office markets are continuing to lose value. Since the pandemic,
Burger launches Infinity Global Real Estate Partners
March 26, 2024
Manhattan, NY Marty Burger launched Infinity Global Real Estate Partners (Infinity Global), a real estate company focused on development, acquisitions, financing and fund management across the United States. Established in partnership with Andrew Farkas’ Island