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Newmark arranges $60 million refinancing for The Walker hotel
October 17, 2023
Manhattan, NY On behalf of Bridgeton Holdings, Newmark has arranged a $60 million loan for the refinancing of the Walker Hotel TriBeCa. The Walker is a 171-key, hotel located in TriBeCa. The Newmark team was led by Jordan Roeschlaub and Dustin Stolly,
Ariel Property Advisors negotiates $29.5 million sale of Gowanus development site
October 17, 2023
Brooklyn, NY Ariel Property Advisors has arranged the sale of a 421a vested, mixed-use development site offering 101,852 buildable s/f at 125 3rd St. in the Gowanus neighborhood for $29.5 million ($290 per buildable s/f). With this transaction
Highcap Group sells 22,000 s/f Flamingo Furniture store - $11.5 million
October 17, 2023
Brooklyn, NY Josh Goldflam, co-founder & principal of Highcap Group, along with broker Zach Mishaan have arranged the sale of 5105-5111 5th Ave. for $11.5 million. The property is located in the Sunset Park neighborhood. The seller was the Mitrani family,
Haussmann Development closes on $38.5 million construction loan with Urban Standard for 827 Sterling...
October 17, 2023
Brooklyn, NY Haussmann Development has closed on a $38.5 million construction loan for 827 Sterling Pl. in the Crown Heights neighborhood. The seven-story project will feature 76 units of critically needed rental housing, including 23 affordable homes financed
180 Maiden Lane welcomes two new tenants
September 26, 2023
City Year signed a new 10,807 s/f lease for one of the new pre-built suites on the 25th floor, where they will be joined by Splash, who will occupy the other new
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Nominate someone for the 2023 CRE Visionaries Spotlight TODAY!
September 26, 2023
We are now accepting nominations for our 2023 Commercial Real Estate Visionaries Spotlight. From the individuals who are redefining local communities to the ones who are implementing new ideas and revamping processes that contribute to the overall success, growth, or corporate culture at their firm or organization,
BOMA NY Pinnacles – The Oscars for the CRE industry celebrates excellence in buildings & property...
October 17, 2023
New York, NY BOMA New York is pleased to announce the winners for the 2023 Pinnacle Awards; the biggest night of the year for the commercial real estate industry in New York City. A total of 41 nominees across 18 categories were considered for the annual Pinnacle Awards celebration at Pier Sixty, that took place on September 28, 2023.
IREM NYC hosts annual rooftop cocktail party
October 17, 2023
Manhattan, NY Members and guests of IREM NYC enjoyed a perfect late summer evening at the organization’s annual rooftop cocktail party. Held on September 13th at 230 Fifth Ave., it is one of IREM NYC’s signature events and was generously sponsored by six IREM NYC industry partners — Champion Elevator; Crown Products; Herrick; Prise; Rosenwach Tank and Total Fire Protection.
PWC PDAC hosts Imposter Syndrome event
October 17, 2023
New York, NY On Wednesday, October 4, PWC’s Professional Development Advisory Council (PDAC) committee hosted their Imposter Syndrome event at JRM Construction. Guest speaker, Carolyn Herfurth advised the audience on how to think differently by providing an alternative way of thinking about ourselves and our competence to develop new and healthy responses.
The lowdown on NYC’s new Parapet Inspection and Repair Law - by Alison Hoffmann
October 17, 2023
Beginning January 1, 2024, New York City building owners must undertake a yearly inspection of parapet walls, then remedy any hazardous conditions. Here’s what property managers, owners, design professionals, and real estate investors need to know.
Executive of the Month: John McBride of Goldman Copeland heads up electrical engineering amid a flur...
October 17, 2023
Manhattan, NY The New York Real Estate Journal (NYREJ) spoke with John McBride, PE, principal and director of electrical engineering at Goldman Copeland Associates, the New York City-based consulting engineering firm that has been upgrading and optimizing
Simone Development to create 970 affordable homes
October 17, 2023
Bronx, NY The City Council took its most significant action so far this year to address the urgent and growing housing crisis, unanimously voting 47-0 to approve a proposal by Simone Development that will create 970 permanently affordable homes in the city.
Five questions to ask when choosing a fire restoration company - by Ron Fanish
October 17, 2023
In the aftermath of a fire, building owners and property managers are overwhelmed. There’s a seemingly endless number of tasks to stay on top of, from communicating with insurance and emergency responders to finding temporary new space for tenants. It’s crucial, however, that owners and managers take extra time when choosing a fire restoration company.
SL Green Realty Corp. launches sales at Giorgio Armani Residences
October 17, 2023
Manhattan, NY SL Green Realty Corp., in partnership with Giorgio Armani, have commenced sales at 760 Madison Ave., The Giorgio Armani Residences, is their exclusive new development condominium project on the Gold Coast of the Upper East Side, with only five of the 10 residential apartments remaining available for purchase.
Nimbio partners with Alfred International Inc. for cellular smart lock solution
October 17, 2023
New York, NY Nimbio, a patented, low-cost cellular solution allowing every electronic gate and door to be opened with a cell phone, has partnered with Alfred International Inc., a leading manufacturer of residential, commercial and industrial grade door hardware. Together, they have created an end-to-end solution that brings together old and new multifamily access control hardware to
Project Hospitality and The Hudson Companies open Castleton Supportive Housing development
October 17, 2023
Staten Island, NY Project Hospitality and The Hudson Companies commenced the ribbon-cutting of Castleton Supportive Housing, a 48-unit affordable housing development in the Port Richmond neighborhood on the north shore. Financing was provided through the New York City Department of Housing Preservation and Development (HPD) Supportive Housing Loan Program
Industry Insights: What property owners need to know about landmark façade restoration, roofing, an...
October 17, 2023
As the New York City real estate scene continues to evolve, property managers and general contractor firms are facing a unique set of challenges in 2023. To provide insights into the trends and impending local law requirements that are reshaping the industry, contributing author, Andrea Mesis-Bruno, M/WBE PropTech strategist, CRE Insider and founder of D&A Construction Advisors sat down with Ali Anwar
NYCEDC launches climate innovation pilot program at Brooklyn Army Terminal in Sunset Park
October 17, 2023
Brooklyn, NY New York City Economic Development Corporation (NYCEDC) has activated one of its flagship assets, the Brooklyn Army Terminal (BAT), in Sunset Park, for climate innovation pilot projects allowing companies to test and scale their technologies in live environments.
Time Equities Inc. achieves 100% occupancy at Silks Building
October 17, 2023
Queens, NY Time Equities Inc.'s (TEI) 113,000 s/f office development, Silks Building, located at 37-24 24th St. (and 38th Ave.) in Long Island City is now 100% occupied. Recent leases that helped bring the building to full occupancy include:
CP Capital U.S. reports 2023 portfolio activity, signifying positive trajectory of U.S. multifamily ...
October 17, 2023
New York, NY CP Capital, a U.S. real estate manager specializing in multifamily investments, has increased activity across its portfolio, including upcoming construction and leasing milestones at 13 multifamily developments. This pipeline reinforces the positive underlying fundamentals of the multifamily market