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Allstate Ventures opens the first of three-building development - The Arc
November 14, 2023
New Rochelle, NY Allstate Ventures held a public opening of The Arc - the first of a three-building Westchester Place development. The 16-story, 144-unit apartment building at 64 Centre Ave., is part of a larger vision of Allstate Ventures through a leading partnership consisting of New Rochelle civic and community arts leaders, working to address the need for high-quality rental homes, ranging from affordable units to market rate luxury homes for residents.
The art of bespoke renovation: Tailoring your property to attract quality tenants - by Ron Fanish
November 14, 2023
When you own, manage or develop properties for long enough, renovations become inevitable. It may simply be because the building has grown outdated and needs more modern touches. Another reason may be an unfortunate disaster, like a fire or flood, that necessitates rehabilitating significant portions of the property. Despite the cause, veteran property owners, managers and developers know that a renovation is also a major opportunity. It provides the chance to enhance and tailor your property in a manner that surpasses rival offerings and draws in high-caliber tenants.
Company of the Month: IMC Architecture
launches new interior design studio
November 14, 2023
Brooklyn, NY The Brooklyn-based multi-family, commercial and institutional architectural firm IMC Architecture has launched its new interior design studio. Director of design Federigo Luzzi leads the new interior practice, with focus on workplace, commercial, retail, hospitality and residential work. “Our new interior design group will both serve its own clients and support IMC’s architectural projects.
2023 Commercial Real Estate Visionaries: Howard Leiner of Arbor Realty Trust
November 14, 2023
Leiner’s team won a Fannie Mae DUS Technology Partner award in Q2 2023 for their work in developing new real estate lending application programming interfaces (APIs) for secure government-sponsored agency data exchange.
2023 Commercial Real Estate Visionaries: Brad Cronin of Cronin & Cronin Law Firm, PLLC
November 14, 2023
Due to initiatives implemented by Brad Cronin, our firm is able to respond quickly to struggling sectors of the real estate market to provide much needed tax relief. During and post Covid those initiatives resulted and continue to result in substantial tax reductions for the most impacted properties.
2023 Commercial Real Estate Visionaries: Bob Knakal of JLL
November 14, 2023
Bob created The Knakal Map Room, a unique platform that presents a groundbreaking map featuring details of all Manhattan developments, including those under construction as well as planned and potential sites.
Navigating Local Law 97: A roadmap for affordable housing - by Jared Forman
November 14, 2023
In the past year, KOW Building Consultants conducted over 150 Integrated Physical Needs Assessments (IPNAs), including ASHRAE Level II Energy Audits. Within this dataset, a significant portion fell under the purview of Local Law 97 (LL97). Here's a breakdown of our findings and key takeaways for the path forward for building decarbonization in the affordable housing industry.
Urbahn Architects presents Investment Forum: Opportunities in Nusantara with $35 billion investment
November 14, 2023
Manhattan, NY The Ministry of Trade of Republic of Indonesia, Urbahn Architects and Indonesia Investment Promotion Center will present “Investment Forum: Opportunities in Nusantara, Indonesia’s New Capital City.” The forum will outline real estate and infrastructure investment opportunities related to the largest ongoing public/private urban development undertaking in the world, launched with $35 billion in public investment.
Rechler Equity breaks ground on 140,875 s/f industrial building
November 14, 2023
Medford, NY Rechler Equity Partners broke ground at 10 Donald’s Way, a 140,875 s/f industrial building, the first at the planned Rechler Business District. Named in honor of the late real estate innovator Donald Rechler, 10 Donald’s Way will carry on his legacy of economic development on Long Island.
Tankhouse and SO-IL develop sustainable luxury residence
November 14, 2023
Brooklyn, NY The 450 Warren St. condominium building delivers integrative indoor/outdoor living. From the curved-glass shared entry into the planted central atrium and two open-air courtyards, to the open mesh-wrapped and curved concrete walkways on five levels, 450 Warren St. is one of the only luxury residences where sunlight and rainfall are welcomed by design.
DDG and Global Holdings 50-story tower surpasses $200 million in sales
November 14, 2023
Manhattan, NY National real estate developer DDG and partner Global Holdings building at 180 East 88th St., the tallest residential building above 72nd St. on the Upper East Side at 50 stories, has surpassed $200 million in sales. Establishing the development as one of the best-selling condo projects on the Upper East Side this year
Lendlease, LMXD and Daiwa House initiate sales at Claremont Hall
November 14, 2023
Manhattan, NY Lendlease with LMXD, an affiliate of L+M Development Partners, and Daiwa House Texas Inc., have commenced closings at Claremont Hall in Morningside Heights. Situated within the campus of Union Theological Seminary (UTS), the 41-story, mixed-use condominium building was designed by architecture firm Robert A.M. Stern Architects (RAMSA) with amenities and lobby arrival designed in partnership with CetraRuddy.
Hudson Square Properties joint venture unveils 555 Greenwich - 16-story office tower
November 14, 2023
Manhattan, NY Hudson Square Properties (HSP), a joint venture of Trinity Church Wall Street, Norges Bank Investment Management and Hines, has unveiled the completed 555 Greenwich, a 270,000 s/f, 16-story office tower in Hudson Square
Breaking Ground commences Project Welcome MAT
November 14, 2023
New York, NY Breaking Ground has launched Project Welcome MAT (Moving on an Accelerated Timeline), a three-year, $6 million initiative that seeks to reduce the time between an unsheltered individual’s acceptance into permanent supportive housing and their move-in date. Project Welcome MAT is funded by a three-year, $3.7 million grant from the U.S. Department of Housing and Urban Development, through the New York City Continuum of Care
Shawmut Design and Construction hosts Supplier Diversity Mixer for Construction Inclusion Week
November 14, 2023
Manhattan, NY Shawmut Design and Construction (Shawmut) participated in Construction Inclusion Week for the second consecutive year and joined an exclusive group of industry leaders as an official sponsor to raise awareness of the critical need to improve diversity and inclusion in construction. The firm specifically curated a week-long agenda of activities, industry events, and learning opportunities nationwide
865 Rogers Avenue Realty launches leasing at 24,000 s/f boutique development
November 14, 2023
Brooklyn, NY Leasing begins at 865 Rogers Ave., a 26-unit boutique development located in Flatbush. Brokerage firm, Modern Spaces, was named by developers 865 Rogers Avenue Realty as the exclusive marketing and sales team for the six-story residential project. The 24,000 s/f development site is in a substantial and historical district that borders the east side of Prospect Park.
L+M and Type A celebrate phase one opening of $349 million mixed-use development - Bronx Point
November 14, 2023
Bronx, NY L+M Development Partners, Type A Projects, BronxWorks, and The Hip Hop Museum held a ribbon cutting ceremony to celebrate the opening of the housing and public space components at phase one of Bronx Point, the much-anticipated $349 million mixed-use
Joseph joins Atlantic Capital Partners as vice president
November 14, 2023
Manhattan, NY Atlantic Capital Partners has added Stephen Joseph to its team as a vice president. His primary focus will be on debt and equity placement for new acquisitions and recapitalizations nationally as well as investment sales in the greater
Brodhead named partner and managing director at Ariel Property Advisors
November 14, 2023
Manhattan, NY Christoffer Brodhead has joined Ariel Property Advisors (Ariel) investment sales group as a partner and managing director. “We’re thrilled to attract a veteran broker like Chris
Rosenthal, Johnston and Emmetsberger join Matthews
November 14, 2023
Manhattan, NY Matthews welcomed tenured commercial real estate executive Cory Rosenthal, DJ Johnston, Brock Emmetsberger, and several other top-producing agents to their New York office