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Vista Skywall Systems completes fenestration and related façade metal work at Renaissance NY Chelse...
April 21, 2020
Manhattan, NY Vista Skywall Systems handled all the fenestration and related façade metal work at the newly constructed Renaissance NY Chelsea Hotel at 112 West 25th St. including
Syska Hennessy promotes Oertel, Subocz and Zhang
April 21, 2020
New York, NY Syska Hennessy Group, the international engineering firm, has named three professionals in its local office as associate partners.
Perinchief joins Talisen
April 21, 2020
New York, NY According to Talisen, Michael Perinchief has joined as director of pre-construction. Perinchief joins the team with nearly two decades of experience purchasing and estimating multi-million-dollar commercial construction projects.
NYSERDA awarded Energy Star Partner of the Year, Sustained Excellence Award
April 21, 2020
New York, NY The New York State Energy Research and Development Authority (NYSERDA) has been recognized with the 2020 Energy Star Partner of the Year – Sustained Excellence Award. NYSERDA’s accomplishments are being recognized
New York clarifies differences between “emergency” and “essential” construction - by Lisa An...
April 21, 2020
Following governor Cuomo’s order and the Empire State Development (ESD) guidance on March 27th, 2020, which provided that all “non-essential construction” except “emergency construction” must shut down, this week the
Related Cos., Oxford Properties Group, NYC & Co., KPF, Rockwell Group celebrate completion of Edge s...
April 21, 2020
Manhattan, NY According to Related Companies, Oxford Properties Group, NYC & Company, KPF and Rockwell Group, Edge, the Western Hemisphere’s highest outdoor sky deck, is officially completed. The new public space will offer 360 degree views of the NYC skyline.
Winick Realty Group negotiates two Manhattan leases for Birch Coffee
April 21, 2020
Manhattan, NY Birch Coffee, a coffee shop that was founded in 2009 and now operates 14 locations throughout the city, has signed two new leases. Winick Realty Group director Michael Shkreli represented the brand in both lease negotiations.
Cypress Equities obtains $90 million to expand retail center
April 21, 2020
Linden, NJ Cypress Equities has secured a $90 million construction loan from an insurance company to develop the 157,000 s/f second phase of its Walmart-anchored Legacy Square shopping center. Phase 2 at the 47-acre site is under
Yunis, Stanford, Rossignol and Ferris of CBRE handle 858 s/f retail lease in NoMad
April 21, 2020
Manhattan, NY CBRE completed a retail lease transaction at the newly renovated 1165 Broadway. Joe & the Juice, an international chain of juice bars and coffee shops, inked an 858 s/f lease on the ground floor of the office property
RXR Realty welcomes chef Urbina to 475 Clermont
April 21, 2020
Brooklyn, NY RXR Realty, a leading real estate owner, operator, and developer in the New York Tri-State area, in partnership with Resident, a locally-based hospitality startup
Despite COVID-19 and the lockdown, real estate taxes will still come due - Peter Blond
April 21, 2020
Most of the world has changed considerably since my last article in January. Governmental ineffectiveness, however, is unfortunately the main holdover tenant from the world as we knew it. In New York City that starts with the mayor and City Council.
PPPs will be an important part of the capital stack for real estate development projects - by Michae...
April 21, 2020
A good portion of the real estate development projects I work on at City Bay Capital have some level of Public-Private Partnership (PPP) in their capital stack. Development projects may contain one or many of the following government programs: tax abatements,
Stability amid the pandemic - by Nick Malagisi
April 21, 2020
Self storage is, once again, proving to be one of the most recession-resistant real estate sectors in the REIT industry as their stock prices took an initial hit along with most other equities, but has come back very strong these past two weeks to regain most of
Black Bear Capital Partners secures $63.8 million financing for Finkelstein Timberger East Real Esta...
April 21, 2020
Bronx, NY Black Bear Capital Partners (BBCP), a real estate financial advisory firm and subsidiary of Black Bear Asset Management, has arranged $63.8 million in permanent financing on
Uber Capital Group sources $7.9 million financing
April 21, 2020
Marietta, GA Uber Capital Group (UCG) has sourced a $7.9 million refinancing loan for the Windy Hill Village shopping center located at 2359 Windy Hill Rd. Southeast.
ABS Altman Warwick arranges two loans: $58 million total
April 21, 2020
Manhattan, NY ABS Altman Warwick, a NYC-based capital market advisory firm and division of ABS Partners Real Estate, closed on loans totaling $58 million on two multifamily portfolios.
Naftali Credit Partners closes $62.85 million construction loan for 208 Delancey St.
April 21, 2020
Manhattan, NY Naftali Credit Partners, a subsidiary of Naftali Group, closed a $62.85 million construction loan for 208 Delancey St., the 12-story boutique condominium development on
GCP Capital Group arranges eight deals totaling $69.175 million
April 21, 2020
New York, NY GCP Capital Group LLC has arranged mortgage financing for the following properties: $15 million for an 11-story multifamily apartment building containing 86 units, in the
COVID-19 1031 exchange deadline extensions - by Pamela Michaels
April 21, 2020
Real estate investors in NYC and the Northeast generally face a challenge like never before. How to buy real estate when we cannot leave our homes and when we are located in the center of a hotspot? For this reason, many real estate investors seeking tax deferral in
Cushman & Wakefield renews PR USA’s lease at 250 Park Ave. – 48,722 s/f
April 21, 2020
Manhattan, NY Cushman & Wakefield arranged a long-term lease renewal at 250 Park Ave., a Midtown commercial office building, for Pernod Ricard USA (PR USA). PR USA will continue to use the entire 16th and 17th floors,