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Fairstead, Project FIND and NYC Department HPD celebrate opening of Park 79 - affordable housing
September 12, 2023
Manhattan, NY Fairstead, Project FIND and the NYC Department of Housing Preservation & Development (HPD) celebrated the opening of Park 79, an 100% affordable senior housing development on the Upper West Side. In addition to its roles as property owner and property manager,
Incorporating AI responsibly into buildings - by Akram Khalis
September 12, 2023
It’s impossible to imagine the living, working and playing spaces of tomorrow without considering artificial intelligence (AI). After all, the rapidly democratizing technology has made itself at home in nearly every place we find humans today.
Executive of the Month: Jim Cinelli, P.E.,
President, Liberty Environmental
September 12, 2023
How did you get into environmental engineering? Since I was very young, I was interested in the flow of water – whether in natural streams or in man-made channels. My friends and I used to frequently play in a nearby stream, and float sticks down drainage ditches after storms.
Rose Associates and The Marmara Group continue leasing at 301 East 94th St.
September 12, 2023
Manhattan, NY Rose Associates has leasing underway at 301 East 94th St. The property, a complete re-imagination of an existing hotel that has been fully renovated and transformed into a brand-new rental development by Rose and the Marmara Group, offers 106 apartments in studio-, one-, two- and three-bedroom configurations.
Bayport Funding provides $3.35m construction loan for multifamily property conversion
September 12, 2023
Brooklyn, NY Bayport Funding has provided a $3.35 million acquisition and construction loan for the single-family conversion of a multifamily brownstone in Boerum Hill. The three-story, 2,576 s/f property was built in 1899 and comprises four bedrooms and three bathrooms.
Maintaining indoor air quality in New York amid wildfire smoke from Canada - by Eric Mitchell and D...
September 12, 2023
Smoke from Canadian wildfires had an astonishing presence in New York this summer, and, even though wildfire season traditionally ends in August, now is the time for property owners to plan for a possible future recurrence. Canadian wildfires are expected to be even worse in the future
First Citizens Bank’s RE Finance business provides $42.2m in financing for 112,400 s/f studio faci...
September 12, 2023
Yonkers, NY First Citizens Bank’s Real Estate Finance business, a division of CIT, provided $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of 1050 North Bdwy., a new entertainment production facility 100% pre-leased to MediaPro Studios.
Soloviev’s One United Nations Park 75% sold resulting in $260m in sales
September 12, 2023
Manhattan, NY The Soloviev Group’s development, One United Nations Park, the luxury residential tower in Midtown East located at 695 First Ave., is now officially 75% sold. With over $260 million in closed deals and signed contracts to date, One United Nations Park offers a collection of 148 condominium residences
Braverman Greenspun P.C. hires two attorneys
September 12, 2023
Manhattan,ny Braverman Greenspun P.C. has added two attorneys who each bring two decades of experience and extend the firm’s capabilities. Jillian Menna, a veteran insurance attorney, will assist clients with complex claims and other insurance issues. Daniella Zelefsky, a seasoned advisor on condo and co-op developments, will work with developer and condo board clients.
Arthur May Redevelopment Holdings development - 63-unit the Flats on Raymond ready for occupancy
September 12, 2023
Poughkeepsie, NY Arthur May Redevelopment Holdings, LLC (AMRH), an affiliate of Dutchess County-based PAZ Management, has slated its second building at The Arlington of Poughkeepsie, the Flats on Raymond, ready for occupancy. Located in the Arlington Town Center
JLL and HKS RE close on $41.5m acquisition for Cadence Property Group
September 12, 2023
Manhattan, NY Cadence Property Group, in a joint venture with HOH Capital Partners and Deal Lake Capital, has completed the acquisition of 360 West 52nd St. and contemporaneously closed on financing for a proposed condominium development at the site.
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Silverstein Properties and Metro Loft Mgmt. to convert 410,000 s/f office building to residential p...
September 12, 2023
Manhattan, NY Silverstein Properties and Metro Loft Management have commenced the acquisition of 55 Broad St., a 30-story office building in New York’s Financial District, for $172.5 million from the Rudin Family, who will retain an equity stake in the project.
Van Leeuwen Ice Cream signs lease for scoop shop in Times Square
August 29, 2023
Manhattan, NY Brand Urban, a real estate brokerage and advisory company based in Manhattan, and Dochter & Alexander Retail Advisors, a Washington, D.C.-based real estate brokerage, jointly announced that Van Leeuwen Ice Cream has signed a lease for a 600 s/f scoop shop at 2 Times Sq. and is slated
The Tatter Blue Archives Institute (TATTER) signs a 20-year, 3,600 s/f lease at Brooklyn Academy of ...
August 29, 2023
Brooklyn, NY Lee & Associates NYC announced that it has represented the landlord, BAM, (Brooklyn Academy of Music) and the tenant, The Tatter Blue Archives Institute (TATTER), in a new 20-year ground floor retail lease at 230 Ashland Pl.
National Association of Pediatric Nurse Practitioners signs new long-term lease at 40 Exchange Pl.
August 29, 2023
Manhattan, NY According to GFP Real Estate, LLC, the National Association of Pediatric Nurse Practitioners (NAPNAP), the professional association for pediatric nurse practitioners (PNPs) and all pediatric-focused advanced practice registered nurses (APRNs), has signed a new
Invictus Property Advisors and Stav Equities complete $2.475 million off market transaction
August 29, 2023
Brooklyn, NY A European co-living fund purchased 1362 Pacific St., a vacant four-story brownstone. The building was sold with DOB approved plans to expand the building horizontally and extend it in the rear.
IREON New Member Profile: Arnon Wiener, CEO at LeaseProbe/Real Diligence
August 29, 2023
What year did you join IREON: 2023
Birthplace: Queens, N.Y.
Education: JD from Georgetown University Law Center; BS/MS from Ner Israel College
IREON New Member Profile: Eli Tilson, CEO at NewBlock
August 29, 2023
What year did you join IREON: 2023
Birthplace: NYC
Education: Business Management
IREON New Member Profile: Irakly Chikhladze, President at Unitech Solutions, Inc.
August 29, 2023
What year did you join IREON: 2023
Birthplace: Tbilisi, Georgia
Education: Bachelor’s of Electronics Engineering
IREON New Member Profile: Sophie Benjamin, Transaction Manager at NewBlock
August 29, 2023
What year did you join IREON: 2023
Birthplace: UK
Education: Business