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Hopple promoted to partner at LERA
February 28, 2023
New York, NY LERA Consulting Structural Engineers (LERA) has promoted Patrick Hopple to partner. With the firm since 2006, Hopple is a leader of LERA’s federal government and local civic practice. Currently, he is overseeing LERA’s effort for projects with Overseas Building Operations (OBO) on new embassies and consulates worldwide.
Community Builders names Batus vice president
February 28, 2023
Manhattatn, NY According to the Community Builders, Jesse Batus will serve as regional vice president. A 16-year veteran of the housing organization, Batus will direct all real estate development activities in a diverse region that spans the boroughs, the surrounding counties in New York and New Jersey, and the cities and towns of the New York State Capitol Region.
Trinity Financial and MBD’s $175m Passive House project relies on structural thermal breaks
February 28, 2023
Bronx, NY The newly dedicated $175 million 425 Grand Concourse high-rise building serves as the largest Passive House project to date in North America. Passive House is an internationally-recognized building standard designed to ensure thermal comfort while significantly reducing energy use when compared to traditional construction.
EW Howell Construction promotes Lozier, Isbit, Laros and Hunter
February 28, 2023
Plainview, NY EW Howell Construction Group has promoted four staff that are integral to the firm’s continued growth. Scott Lozier rises to project executive, Hans Laros and Rob Isbit have each been named senior project manager, and Tracey Hunter is now a project manager.
MADGI and Benchmark Builders complete 14,000 s/f at Vornado’s LEED Gold 280 Park Avenue
February 28, 2023
Manhattan, NY Interior design firm Montroy Andersen DeMarco (MADGI) has completed a new corporate workplace at 280 Park Ave. for one of the world’s foremost global insurance and banking groups.
Bendheim names Jayson president
February 28, 2023
Manhattan, NY Bendheim, one of the country’s foremost architectural glass companies, has named Donald Jayson as its new president. A co-owner of the firm, Jayson most recently served as senior vice president at Bendheim, with responsibility for overseeing the company’s production and handling major projects.
L+M Development Partners, Triangle Equities and Bluestone Organization close $95.7 million mixed-use...
February 28, 2023
Far Rockaway, NY L+M Development Partners (L+M), in partnership with Triangle Equities and The Bluestone Organization, closed on $95.7 million in financing for Beach Green Dunes III, a mixed-use project. The development will bring 146 affordable units, commercial and retail space,
Vahdat of Elmo Realty creates Race Unity Award; Garaicoa of Lehman College awarded plaque/check
February 28, 2023
Bronx, NY To support racial harmony and the unity of mankind, Moujan Vahdat, a New York based real estate developer and founder of Elmo Realty Co., has implemented an annual competition known as the Race Unity Award. After a citywide competition, junior
IREON Insights: How multifamily owners can avoid emissions penalties ahead of Local Law 97 and earn ...
February 28, 2023
This year, New York building owners are grappling with the emergence of the city’s groundbreaking energy emissions ruling, Local Law 97. An estimated 20% of the city’s buildings larger than 25,000 s/f are expected to be fined for their energy usage come January
IRG’s Hudson Valley iCampus leases and renews 337,589 s/f
February 28, 2023
Pearl River, NY Hudson Valley iCampus, owned by Industrial Realty Group, LLC, (IRG), closed lease and renewal deals totaling 337,589 s/f on campus, with a value of more than $40 million. The transactions took place between August 2021 and December 2022.
Gerla and Rizzo of CBRE lease 12,832 s/f at 14 Wall St.
February 28, 2023
Manhattan, NY Oliver Scholars, a New York City-based non-profit organization that prepares high-achieving, underserved Black and Latino students in New York City for success at top independent schools and colleges, has inked a 12,832 s/f office lease at the
Eustace joins Hudson Realty Capital
February 28, 2023
Manhattan, NY Brandon Eustace has joined Hudson Realty Capital as managing director of FHA originations. Eustace brings more than a decade of experience in FHA/HUD real estate finance. His addition comes as the firm’s FHA division continues to expand its
GFP Real Estate leases 4,949 s/f to Momenti at 200 Varick St.
February 28, 2023
Manhattan, NY According to GFP Real Estate, Momenti, Inc. signed a new five-year lease for 4,949 s/f at 200 Varick St. in Hudson Sq. Robert Silver, Brittany Silver, Anthony Sciacca and Jamie Jacobs of Newmark
NYC commercial real estate market sees encouraging start to 2023 as inflation drops and lending rate...
February 28, 2023
In last month’s column, I examined the challenges that New York City commercial real estate is facing in 2023 due to high inflation and the impact of recent rate hikes. However, this month I am pleased to share that after a challenging second half of 2022, the year is off
United Properties sells 5,500 s/f retail for $2.65 million
February 28, 2023
Copiague, NY United Properties Corp. has completed the sale of 1389-1395 Montauk Hwy. to IDN, LLC, a Queens-based entity, for $2.65 million. The 5,500 s/f retail strip, located on the signalized intersection of Montauk Hwy. and Strong Ave.
KPG Funds’ “L’Atelier” awarded CPE Influence’s Best Office Development
February 28, 2023
Manhattan, NY KPG Funds’ 446 Broadway, “L’Atelier” office building was awarded Best Office Development by Commercial Property Executive’s CPE Influence Awards 2022.
TerraCRG and Rosewood Realty broker $34.926 million sale of 46 units
February 28, 2023
Brooklyn, NY TerraCRG and Rosewood Realty, have brokered the $34.926 million sale of 50 North 1st St., a 46-unit multifamily building in Williamsburg, to Reda Capital. Daniel Lebor and Matt Cosentino of TerraCRG along with Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty
DH Property Holdings leases parcel to IAA
February 28, 2023
Staten Island, NY DH Property Holdings, LLC has leased nearly 30% of its 53-acre industrial site to IAA, Inc. an outdoor storage operator and leader in the salvage vehicle industry.
Retailers and owners show confidence in Westchester retail
February 28, 2023
Harrison, NY RM Friedland negotiated six new retail leases, totaling 30,382 s/f in December with leases to experiential, national, and well-known regional tenants in some of Westchester County’s best centers including: Cortlandt Crossing