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Meridian Capital Group arranges $43.8 million
April 6, 2021
New York, NY Meridian Capital Group arranged $33.9 million in financing to refinance two multifamily properties in the Bronx, and $9.9 million to refinance a
New York City development tools: Mandatory Inclusionary Housing - Part 4 - by Michael Smith and Patr...
April 6, 2021
The Mandatory Inclusionary Housing (MIH) program allows developers to utilize increased development rights allowed under a rezoning by creating permanently affordable housing marketable to both
Question of the Month: How can owners obtain a zoning variance at the NYC Board of Standards and App...
April 6, 2021
In 1961, NYC adopted the Zoning Resolution (ZR). The ZR assigns complex zoning regulations to every tax lot in the five boroughs. Like the Constitution, it is a comprehensive document and, just as importantly, it provides
Brisa Builders developed & National Standard Abstract provided title insurance for $310m affordable ...
April 6, 2021
New York, NY National Standard Abstract and Brisa Builders are breaking ground in more ways than one, exemplifying the importance of Black entrepreneurship and generational wealth in
Product of the Month: Mass. and N.Y. commercial concrete slabs are made beautiful with RenuKrete
April 6, 2021
New York, NY When considering floor coverings for new or existing commercial structures such as building lobbies, retail, apartment buildings and more, cost estimators in
Construction Law: A construction lawyer discusses change orders: A cautionary tale for customers - b...
April 6, 2021
Change orders are like mini-contracts. The parties sign the main contract and when things change, they both sign change orders confirming their agreement to those changes. It could be to add money to the contract price or to extend the
GFI Realty arranges $3.8m development site sale
April 6, 2021
Bronx, NY GFI Realty Services, LLC handled the $3.8 million sale of 171-173 East 205th St., a 7,690 s/f development site in the
Addo launches VMCASA
April 6, 2021
New York, NY VMCASA: a new global real estate consulting agency built on honesty and responsibility; a firm that truly cares about the sustainability of each of its listings.
Nassau IDA approves Amazon’s $72m investment to construct last-mile warehouse in Syosset
April 6, 2021
Syosset, NY The Nassau County Industrial Development Agency (IDA) has approved a transaction for Amazon.com Services LLC to invest $72 million to construct a 204,000 s/f warehouse and distribution facility in concert with the
NYS HCR, MDG and Smith & Henzy begin $35.8m rehab of 164-unit project in White Plains with partners
April 6, 2021
White Plains, NY According to New York State Homes and Community Renewal (HCR), MDG Design + Construction LLC (MDG), Smith & Henzy Advisory Group, Inc., and partners, they have started the $35.8 million rehabilitation of Kingsley House, a
Bestreich Realty Group brokers four sales in Brooklyn: $7.55m total
April 6, 2021
Brooklyn, NY Bestreich Realty Group (BRG) completed the following sale transactions: 342 9th St. in Park Slope sold for $2 million ($623 per s/f). This four-apartment multifamily is located between 5th and 6th Aves. and contains
The appeal of adaptive reuse - by Anne Holford-Smith
March 23, 2021
New York has a long history of adapting old buildings to new uses. Entire neighborhoods have been transformed by this process. Industrial loft buildings in SoHo and Tribeca were repurposed in the 1960s by artists looking for tall ceilings and
New York Real Estate Journal presents 2021 Women in Professional Services
March 23, 2021
New York, NY The New York Real Estate Journal published its annual Women in Professional Services Spotlight. The March 23rd edition shares insight into today's real estate industry from a woman's point of view
Andromeda Academy of Construction Trades receives IACET Award for Innovation in Learner Engagement
March 23, 2021
New York, NY “The best of the best”: Andromeda Academy of Construction Trades has received the IACET Award for Innovation in Learner Engagement.
Jungreis and Guttman of Rosewood broker $3.75 million sale in Brooklyn
March 23, 2021
Brooklyn, NY Rosewood Realty Group handled the sale of 950 Hart St. The property traded for $3.75 million. The building consists of a three-story loft-style
GridRewards reducing costs for Con Edison customers
March 23, 2021
New York, NY GridRewards, a groundbreaking program and accompanying free, mobile app that pays users up to 20% of annual energy bills for reducing usage at peak demand hours,
Carini and Roccisano of Carini Group ink 4,925 s/f lease in Manhattan for PINKO
March 23, 2021
Manhattan, NY Italian fashion brand PINKO, known for its prêt-à-porter collections for independent, bold, and stylish women, has signed a lease for an entire three-level retail
Lactalis American Group signs 14,752 s/f lease with Rudin
March 23, 2021
Manhattan, NY According to the Rudin Family, Lactalis American Group Inc., the U.S. subsidiary of French-based Lactalis Group, the leader in dairy, has finalized a
Edgewood Capital Advisors handles $2.83 million bridge loan
March 23, 2021
Queens, NY Edgewood Capital Advisors, a national commercial real estate bridge lender based in Southport, CT, has closed a $2.83 million bridge loan on a newly-constructed,
Transwestern acts for Central Queens Academy in 85,000 s/f lease
March 23, 2021
Queens, NY Transwestern Real Estate Services (TRS) represented Central Queens Academy Charter School (CQA) in an 85,000 s/f transaction for a new school to be located in the Justice Avenue Tower at