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Man vs. Machine: How technology can drastically reduce fatal blind spot incidents on construction si...
July 25, 2023
The construction industry is heading in the direction of autonomy and robotic equipment operation, but before we get to that critical point, we first need to solve safety issues with the integration of object detection and avoidance technology. A roadmap exists to get us there, as the automotive industry is already leveraging backup cameras and avoidance technology, but the construction industry has been slow to follow suit.
REBNY report breaks down Manhattan office building visitation data by weekday
July 11, 2023
The Real Estate Board of New York (REBNY) released a new analysis of Placer.ai location data for Manhattan office buildings. The report compares 2023 building visitations mid-week (Tuesday-Thursday) to Monday and Friday to prepandemic baselines
BRP Companies celebrates topping out at 90Ninety; built by Skycore Builders
July 25, 2023
Queens, NY BRP Companies celebrated the topping out at 90Ninety, a 614-unit, mixed-income residential development located at 166-20 90th Ave. in Jamaica. The project’s construction is being led by Skycore Builders and completion is expected in July 2025. “We’re thrilled to be celebrating 90Ninety’s topping out as we are one step closer to bringing the Project to final completion,” said Meredith Marshall
Elevate Research Properties completes
construction of West End Labs
July 25, 2023
Manhattan, NY Elevate Research Properties, the life science subsidiary of Taconic Partners, completed construction of West End Labs, New York’s newest class-A research facility. Located at 125 West End Ave., the $600 million, 400,000 s/f development features lab infrastructure, prebuilt lab suites,
Adejobi of Avant-Garde Network honored by Council of Urban Real Estate
July 25, 2023
New York, NY Adeola Adejobi, the founder and CEO of Avant-Garde Network, the leading social enterprise company focused on creating opportunities for Black executives and entrepreneurs, has received the Trailblazer Award from C.U.R.E., the Council of Urban Real Estate, at its 32nd annual fundraiser, The Transformation of Real Estate.
Help get staff back to the office and reduce workdays lost to illness with new class of air purifie...
July 25, 2023
The recent introduction of a new class of room air purifier can help get your staff back to the office. It also makes possible the reduction of workdays lost due to illnesses. That’s because clean, healthier air can now be streamed directly to the breathing zones of office workspaces. The innovation behind this is the newfound ability to easily mount air purifiers in ceiling and wall locations.
Urban Atelier Group promotes Acciari, Voutsas, O’Neill, Alaimo, and Smith
July 25, 2023
Manhattan, NY Construction management firm Urban Atelier Group (UAG) has promoted four team members to executive-level positions and one team member to project director. This decision will support the company’s growth and facilitate expansion into new markets. The individuals promoted include Danielle Acciari, director, finance, and controller; Thomas Voutsas, vice president, project executive
JRM Construction Management completes 40,000 s/f renovation of The 92nd St. Y
July 25, 2023
Manhattan, NY JRM Construction Management has completed the renovation of The 92nd St. Y, located at 1395 Lexington Ave. The 40,000 s/f renovation spanned four floors within two connected buildings and included a new theater with a stage, Jezet stadium seating, Robbins athletic wood floors, Barbizon theatrical lighting and controls,
DXA Studio brings wellness living to 110 North 1st St.
July 25, 2023
Brooklyn, NY EDRE Development has launched sales at 110 North 1st St. in Williamsburg. Offering one- to four-bedroom condominiums, the project is bringing high-end residential living to North 1st St. With a base building designed by EDRE Development and interiors by DXA Studio, the seven-story, 38-unit building offers residences with a suite of amenities focused on health and wellness.
Rhine Legacy Capital secures $6.8875 million bridge loan for industrial asset
July 11, 2023
Newburgh, NY Rhine Legacy Capital, a leading commercial real estate private lender, has successfully secured a bridge loan of $6.8875 million for the acquisition of a prominent industrial asset. The property, located at 392 North Montgomery St. has potential
Matheos Realty sells six residential units in Flatbush for $775,000
July 25, 2023
Brooklyn, NY Matheos Realty Group closed on the $775,000 sale of 1827 Nostrand Ave. in the neighborhood of Flatbush. Matheos Realty Group founder & CEO, Peter Matheos and director, Isaiah Thomas represented the buyer and seller in
Morrison Foerster advises Mori Trust in SL Green Realty’s sale of 49.9% interest in 245 Park Ave.
July 25, 2023
Manhattan, NY SL Green Realty Corp. sold a 49.9% interest in 245 Park Ave. to a U.S. affiliate of Mori Trust Co., Ltd. at a gross asset valuation of $2 billion.
The Oak & Avery Group brokers two office sales totalling $3.925 million
July 25, 2023
New Paltz, NY The Oak & Avery Group negotiated the sale of two mixed-use properties in Ulster County totaling $3.925 million: • 71 Main St., New Paltz, a 6,600 s/f office-retail building purchased by a local owner-user,
Invictus Real Estate Partners provides $62.25 million loan for mixed-use development
July 25, 2023
Brooklyn, NY Invictus Real Estate Partners has closed a $62.25 million construction loan for a 162,000 s/f mixed-use development project in the Prospect Lefferts Gardens neighborhood. The loan will support the construction of the seven-story building
Wavecrest Equities buys five building Bronx portfolio for $28 million
July 25, 2023
Bronx, NY Wavecrest Equities has purchased a portfolio of five buildings in the Little Italy section of the city for $28 million and assumed two existing loans on the properties totaling $20 million.
BHI provides $65.34 million financing for 30-55 Vernon Blvd.
July 25, 2023
Queens, NY BHI has provided a $65.34 millon construction loan to NuVerse Advisors LLC to finance the development of 30-55 Vernon Blvd., located in Astoria.
Douglaston Dev.’s 3Eleven reaches 50% leased in less than a year
July 25, 2023
Manhattan, NY Douglaston Development said that 3Eleven, a 938-unit, 60-story, highly amenitized, mixed-income residential property, has leased over 50% of available inventory. Located at 311 Eleventh Ave. in West Chelsea, the property is situated
JLL Capital Markets secures $17.5 million
refinancing for 2 & 4 Westchester Park
July 25, 2023
White Plains, NY JLL Capital Markets has arranged a $17.5 million refinancing for 2 & 4 Westchester Park Dr., two office / medical office buildings totalling 218,372 s/f. JLL worked on behalf of the borrower, Northpath Investments,
Thalle Industries launches Dakota Concrete
July 25, 2023
Montrose, NY In an expansion move, Thalle Industries has launched Dakota Concrete, expanding its services to concrete products for customers in the Lower Hudson Valley while strengthening Thalle’s competitive position in this key market. Thalle Industries is handling orders and deliveries at 2099 Albany Post Rd.
Aufgang Architects receives NYS Empire Award
July 25, 2023
Suffern, NY Ariel Aufgang, AIA, principal of Aufgang Architects was presented with the NYS Empire Award by New York State senator Bill Weber. The NYS Empire Award is given to companies and organizations that demonstrate unique vision, innovation and contribute to the prosperity and betterment of their communities.
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