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Proposed pied-à-terre tax faces legal and valuation hurdles - by Peter Blond
May 26, 2026
While everyone knew it was only a matter of time before mayor Mamdani endeavored to prove his pre-election vitriol for “the rich,” few speculated ignorance and
2026 Developing Queens: Cord Meyer’s $500m Development Push: Shaping The Future of a Queens Legacy...
May 26, 2026
Queens, NY Cord Meyer Development, the sleeping giant of Queens, is wide awake and energized, ramping up its pipeline with more than 400 residential units underway and the opportunity to develop thousands more.
Marcus & Millichap arranges $3.375 million financing for two multifamily properties in Queens
May 26, 2026
Long Island City, NY Marcus & Millichap Capital Corp. (MMCC) arranged $3.375 million in financing for the acquisition of two 16-unit multifamily properties located at
2026 Developing Queens: Midori
May 26, 2026
Queens, NY In late October 2025, Prosper Property Group acquired the partially completed development at 36-45 31st St. in Long Island City. At the time, the project was approximately 60% complete and facing a compressed timeline
Cushman & Wakefield arranges $26.35 million refinance for 91-unit The Bridgeline, Bronx
May 26, 2026
Bronx, NY Cushman & Wakefield has arranged a $26.35 million loan on behalf of the JCAL Development Group to refinance The Bridgeline, a 91-unit Class A multifamily
Ariel Property Advisors secures three loans for condominium construction projects totaling more than...
May 26, 2026
Brooklyn, NY The Capital Services Group of Ariel Property Advisors (Ariel) has closed three loans from private lenders totaling over $17 million to finance condominium
NYCEDC adds new tenants at Brooklyn Army Terminal and MADE Bush Terminal; cementing Sunset Park as h...
May 26, 2026
Brookyln, NY New York City Economic Development Corp. (NYCEDC) has added five new tenants at the Brooklyn Army Terminal (BAT) and MADE Bush Terminal, marking another major
2026 Developing Queens: Jamaica Development Assemblage
May 26, 2026
Queens, NY The Mastronardi family has operated a concrete business on a 55,079 s/f lot in Jamaica for over half a century. Last November, the zoning changed. The New York City Council approved the Jamaica Neighborhood Plan, a rezoning of nearly 230 blocks in and around Jamaica Center, described as the largest Mandatory Inclusionary Housing
Marcus & Millichap facilitates $16 million sale of Brooklyn development site
May 26, 2026
Brooklyn, NY Marcus & Millichap brokered the sale of 863 Dean St., a development site in the Prospect Heights neighborhood. The asset sold for $16 million. “By strategically launching post-AAMUP rezoning, we capitalized on critical price discovery to maximize asset value.
Cushman & Wakefield leases 7,600 s/f at 680 Fifth Ave. to POP MART
May 26, 2026
Manhattan, NY Cushman & Wakefield made known that POP MART has signed a long-term lease for 7,600 s/f at 680 Fifth Ave. The location will serve as POP MART’s
Council Advisors renews 17,685 s/f headquarters lease at 685 Third Ave.
May 26, 2026
Manhattan, NY Savills represented consulting firm Council Advisors in the renewal of its 17,685 s/f headquarters lease at 685 Third Ave. The 10-year lease extension
From lords to luxury hosts: The transformation of Manhattan office real estate - by Joseph Aquino
May 26, 2026
For decades in New York City commercial real estate, landlords acted like Lords. Tenants were expected to feel fortunate simply to occupy space in their buildings. The
Implications of the good guy guaranty decision - by Thomas Kearns
May 26, 2026
New York’s highest court ruled last year that if a so-called good guy guaranty conflicts with the lease it guarantees, the terms of the guaranty will prevail. In 1995 CAM
Raffa of Island Assocs. negotiates new 1,100 s/f lease for the Law Firm of Twomey Latham
May 26, 2026
Hauppauge, NY Bob Raffa of Island Associates negotiated a new lease for the Law Firm of Twomey Latham for 1,100 s/f office space at 490 Wheeler Rd. Twomey Latham has been
2026 Developing Queens: J.H.S. 216Q
May 26, 2026
Queens, NY Technico Construction Services Inc. is supporting the NYC School Construction Authority in the addition and modernization of J.H.S. 216Q. The project expands capacity, upgrades building systems, and delivers a resilient, high-performance learning environment aligned with current SCA and NYC Green Schools standards.
2026 Developing Queens: The Sutphin Hillside Towers at Jamaica Station
May 26, 2026
Queens, NY Asset CRG Advisors brokered one of the largest Opportunity Zone development sales in the country — a transformative site in the heart of downtown Jamaica. Managing partners Yuriy Ustoyev and Sadya Liberow represented both buyer and seller in the $59.7 million transaction
2026 Developing Queens: Grace’s Place
May 26, 2026
Queens, NY Grace’s Place is a senior housing development financed by the New York City Department of Housing Preservation and Development (HPD) under the Senior Affordable Rental Apartments (SARA) program to be in the Edgemere section of Queens
Westchester-Putnam Workforce Development Board to hold 2026 annual meeting on June 23rd
May 21, 2026
Valhalla, NY As New York’s clean energy sector accelerates, Westchester and Putnam counties are bringing together employers, educators, workforce leaders and job
Eastern Union secures $125.25 million to finance acquisition of 1,115-unit The Pavilion in Chicago
May 21, 2026
Chicago, IL Eastern Union arranged a $125.25 million loan to finance the acquisition of The Pavilion, a 15-story, 1,115-unit multifamily high-rise located at 5441
Houlihan-Parnes Properties sells 18-unit apartment building for $3.65 million
May 26, 2026
Irvington, NY Jeremiah Houlihan and James Coleman of Houlihan-Parnes Properties arranged the sale of three-story brick apartment building located at 111 North Bdwy.
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