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1.3m s/f Bronx Logistics Center to receive LEED v4 Platinum rating
August 15, 2023
Bronx, NY Turnbridge Equities (Turnbridge) and affiliates of Dune Real Estate Partners LP (Dune) said that their Bronx Logistics Center project received a formal Precertification Letter from the U.S. Green Building Council (USGBC) designating the project with
Carroll and Levy join Breaking Ground board of directors
August 15, 2023
Manhattan, NY Breaking Ground has appointed Louise Carroll and Dr. Mark Levy to its board of directors. Carroll is partner and co-chair of the affordable housing and community development practice for Katten Muchin Rosenman LLP,
Douglaston Development delivers 188 units of affordable senior housing
August 15, 2023
Bronx, NY Douglaston Development has started move-ins at 2856 Webster Ave., a 12-story, 188-unit affordable senior housing building located adjacent to The New York Botanical Garden’s (NYBG) 250-acre grounds and available to residents
Industry City appoints Braddock director of events
August 15, 2023
Brooklyn, NY Industry City, the 35-acre mixed-use complex comprising 16 buildings on the Sunset Park waterfront, has appointed Amanda Braddock as the new director of events. With over 15 years of experience as an events and hospitality leader,
Fortis Property Group’s Olympia
Dumbo over 50% sold out
August 15, 2023
Brooklyn, NY Fortis Property Group said that Olympia Dumbo is over 50% sold. Situated near the waterfront, Olympia symbolizes Dumbo’s evolution into one of the borough’s most sought after residential
New Empire Corp. celebrates milestone at 208 Delancey
August 15, 2023
Manhattan, NY New Empire Corp. (NEC) celebrated sales and construction milestones at their newest development, 208 Delancey. So far, New Empire Corp. sold more than 90% of their units in the condominium building, which secured
Bromley Cos. renovates 122 Fifth Ave.
August 15, 2023
Manhattan, NY Bromley Companies completed renovations to 122 Fifth Ave., an 11-story mixed-use project in Union Sq. The project introduces a new rooftop pavilion, upgraded interiors and 300,000 s/f of commercial space and is home to retailers
New York State Homes and Community Renewal
completes $91 million Williamsbridge Gardens
August 15, 2023
Bronx, NY According to New York State Homes and Community Renewal commissioner RuthAnne Visnauskas, the Williamsbridge Gardens, a $91 million affordable and supportive housing development in the Williamsbridge section of the city has been completed.
REBNY and city officials celebrate 77 New Yorkers who have completed real estate industry internship...
July 25, 2023
Manhattan, NY The Real Estate Board of New York (REBNY), the city’s leading real estate trade association, was joined by representatives from member organizations and New York City officials on August 3rd to celebrate 77 talented young people that recently completed paid real estate industry internships through NYC’s Summer Youth Employment Program (SYEP). Hosted
Rand Commercial negotiates the sale of 150 Sister Servants Ln.
July 25, 2023
Sloatsburg, NY The estate formerly known as "Table Rock" was built for the great-grandson of Alexander Hamilton; "The Room Where It Happened". This property, rich in history and detail features 52 rooms most with fireplaces on 40+ acres and most recently
Forest Hills Financial leases 7,175 s/f at Moinian’s 535 Fifth Ave. building
August 15, 2023
Manhattan, NY The Moinian Group completed a long-term, full-floor lease at 535 Fifth Ave. with Forest Hills Financial Group, Inc. taking the entire 13th floor.
BEB Lending provides $9 million in acquisition financing for 14,698 s/f mixed-use
August 15, 2023
Manhattan, NY BEB Lending, the finance platform of BEB Capital, provided a $9 million, 12-month acquisition bridge loan to Orsipel V LLC for the acquisition financing of a 14,698 s/f mixed-use property at 53-55 Stone St. The transaction
Keeler Markwood Group affiliate secures $15.25 million construction financing for 74 units
August 15, 2023
White Plains, NY Chester WP II, LLC, an affiliate of development company Keeler Markwood Group, has secured $15.25 million in ground-up construction financing from First County Bank to develop a four-story, 59,540 s/f residential building
Djurkovic Investment Properties sells 147-54 Ash Ave. for $2.5 million
August 15, 2023
Queens, NY Djurkovic Investment Properties has completed the $2.5 million sale of 147-54 Ash Ave., a corner development site located in Flushing. Djurkovic Investment Properties worked on behalf of the seller,
The Carlyle Group and Z+G Group acquire 123-unit 8 Marcy Ave. for $97.5 million
August 15, 2023
Brooklyn, NY JLL Capital Markets has closed the $97.5 million sale of 8 Marcy Ave., an eight-story, 123-unit rental building in Williamsburg. JLL represented the seller, Prospect Development, which is led by Joel
Vivian of Largo Hospitality arranges $10.2m financing for 95-room Fairfield Inn & Suites
August 15, 2023
Port Wentworth, GA Katie Vivian of the Largo Hospitality Finance Group secured a $10.2 million first mortgage to take out the construction debt on a 95-key Fairfield Inn & Suites. The hotel, situated just off I-95 in, opened in May 2021.
Chelsea Piers Fitness signs 72,000 s/f lease at Tavros and Charney’s 55-story development
August 15, 2023
Long Island City, NY Chelsea Piers Fitness (CPF) has signed a long-term lease to anchor a new residential tower at 24-11 Jackson Ave., located at the Court Square submarket. The fitness club will be 72,000 s/f and represents the Chelsea
Ariel Property Advisors: Q2 2023 Multifamily Quarter in Review report
August 15, 2023
Manhattan, NY Multifamily real estate in New York City experienced a significant 242% increase in total dollar volume during the second quarter compared to the first quarter with 295 transactions totaling $3.91 billion, according to Ariel Property
Houlihan Lawrence: Westchester County Q2 Commercial Market Report
August 15, 2023
Rye Brook, NY The Westchester County commercial market ended the first half of 2023 with mixed results showing continued strength in multifamily developments and solid performance in the industrial/flex market while demand for retail
Transwestern Real Estate Services: Manhattan office market outlook-Q2 2023
August 15, 2023
Manhattan, NY For the second consecutive quarter, the Manhattan office market posted a record high availability rate, closing the second quarter of 2023 at 19%, up from 18.9% last quarter. However, the quarter was not without some positives,