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Fuchs of GFI Realty arranges $4.7 million sale of 8-unit 411 State St.
August 29, 2023
Brooklyn, NY GFI Realty Services negotiated the $4.7 million sale of 411 State St., a multifamily building located in the Boerum Hill section of the city. Zachary Fuchs, associate director of GFI Realty, represented the seller, Eric Orlofsky, and the buyer,
Greystone provides $18.3 million in Fannie Mae DUS financing
August 29, 2023
Brooklyn, NY Greystone has provided a $18.296 million Fannie Mae Delegated Underwriting & Servicing (DUS) loan to refinance a 154-unit multifamily property. The financing was originated by Anthony Cristi, managing director at Greystone.
Douglas Elliman celebrates 108 Leonard rooftop
August 29, 2023
Manhattan, NY Brokers gathered to celebrate the opening of the rooftop at 108 Leonard, the neoclassical landmark restored and reimagined to comprise 167 homes in TriBeCa. The landscaped rooftop is the final installment in 108 Leonard’s 20,000 s/f of amenity spaces.
Tishman Speyer secures three leases totaling 112,000 s/f at The Spiral
August 29, 2023
Manhattan, NY Tishman Speyer has secured agreements with three investment firms to occupy a combined 112,000 s/f at The Spiral, its recently-completed 66-story office tower on the West Side of Midtown.
Supreme Court calls real property tax foreclosure into question - by Gabriella Botticelli
August 29, 2023
A recent United States Supreme Court opinion has significant impact on New York’s Real Property Tax Law. Tyler v. Hennepin County, Minnesota, decided on May 25, 2023, ruled it unconstitutional for a taxing authority to foreclose upon and sell property based upon a failure to pay taxes without a procedure for the property owner
Durst, Newmark and Manhattan Boutique Real Estate lease 117,181 s/f to Empire State Development at 6...
August 29, 2023
Manhattan, NY The Durst Organization said that Empire State Development (ESD) has chosen 655 Third Ave. for its New York City headquarters. ESD, New York State’s economic development and financing agency, is taking five full floors of the building totaling 117,181 s/f
Wells Fargo closes $780.3 million for affordable housing projects
August 29, 2023
Bronx, NY Marking the largest first-half cycle in Wells Fargo history, Wells Fargo’s Community Lending and Investment (CLI) group closed $780.3 million in financing for five New York City-area affordable housing projects in the month of June. See below for a summary of each project
Elder and Ackerman of RXR negotiate 700,000 s/f
lease at 450 Lexington Ave.
August 29, 2023
Manhattan, NY RXR brokered a 25-year lease extension with global law firm Davis Polk & Wardwell LLP (Davis Polk). As part of the renewal, Davis Polk will be expanding its footprint at 450 Lexington Ave. by an additional floor, adding 30,000 s/f. The firm’s new footprint at the building
DeSimone Consulting Engineering acquires UK's DP Squared Ltd.
August 29, 2023
Manhattan, NY Full-service engineering firm, DeSimone Consulting Engineering, with offices worldwide, has acquired of structural engineering firm, DP Squared Ltd. The acquisition builds upon the company’s United Kingdom headquarters in central London.
Michael Graves Architecture appoints Yurasek as international director of interior design
August 29, 2023
Princeton, NJ Michael Graves Architecture (MG) has appointed Julie Yurasek as international director of interior design. With a prior tenure at MG, which commenced in 1996, Yurasek held the positions of senior interior designer and director. This valuable context provides her with a distinct
BXP and Fogarty Finger complete renovation of GM Building’s amenity center
August 29, 2023
Manhattan, NY BXP has completed the General Motors (GM) Building’s amenity center. Named Savoy Club, the 35,000 s/f amenity experience designed by Fogarty Finger, offers building clients access to a fitness and health center, a food and beverage concept, and a fully appointed conferencing suite.
Tishman Speyer begins construction of second all-affordable residential building at Edgemere Commons...
August 29, 2023
Queens, NY Tishman Speyer’s TS Communities has begun construction on a 13-story, 100% affordable apartment building at Edgemere Commons in Far Rockaway. Located at the corner of Beach Channel Dr. and Beach 52nd St., the 247,000 s/f building will encompass 237
Skanska promotes Szatkowski to general manager
August 29, 2023
Manhattan, NY Skanska promoted Sean Szatkowski to general manager of Skanska USA Building’s New York operations. Elevating from his previous role as senior vice president account manager in the region, Szatkowski will be responsible for overseeing the firm’s business
Electra USA honors Lamardo of FW Sims as Employee of the Year
August 29, 2023
West Babylon, NY Electra USA, parent organization of FW Sims, has recognized FW Sims project engineer, Robert Lamardo, who is known for his leadership and expertise. With a background in project management and a proven track record of project deliveries, Lamardo is
The hidden dangers of aging building façades: Maintaining terra cotta and limestone exteriors is c...
August 29, 2023
Falling debris from defective building façades continues to present hazards for pedestrians on the streets of New York City. Multiple cases of falling masonry have resulted in serious injuries and even deaths in recent years.
P.W. Grosser Consulting new hires strengthen engineering and environmental compliance divisions
August 29, 2023
Bohemia, NY P.W. Grosser Consulting, Inc. (PWGC) has hired six new employees: Chris Jorgensen, Massi Lelli, David Mellor, PE, Kevin Griffith, PE, Ryan Vaughn, and Ammarah Zaidi. Their additions to PWGC will strengthen the capabilities of the engineering and environmental compliance divisions.
E4H Environments for Health Architecture wins Association of Medical Facility Professionals project ...
August 29, 2023
Manhattan, NY E4H Environments for Health Architecture has received the “Project of the Year Award - Under $50 million” from the Association of Medical Facility Professionals (AMFP) for its renovation of the Mount Sinai Hospital Emergency Department.
Understanding New York City Local Law 126 and its impact on Manhattan building owners - by Joe DiPom...
August 28, 2023
In 2021, New York City put Local Law 126 in place. This is a mandatory ordinance pertaining to parking garages and their structural integrity. Parking structures located within the five boroughs of New York City will be required to undergo an inspection by a Professional Engineer who also holds the Qualified
Bennett named sector executive for Henderson Engineers
August 29, 2023
Manhattan, NY Henderson Companies has appointed 22-year industry veteran Andrew Bennett as business sector executive for Henderson Engineers and Henderson Building Solutions. In his new role, Bennett will oversee operations for five practices: core and shell, mission critical, mixed use, warehouse,
Westchester County Industrial Development Agency votes final approval for $89.2 million Modera White...
August 29, 2023
White Plains, NY The Westchester County Industrial Development Agency (IDA) voted at its July 27th monthly meeting final approval of financial incentives for Modera White Plains, an $89.2 million adaptive reuse of a vacant light manufacturing facility into a 189-unit multifamily rental building.