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Too much, too far, too fast - by Ed Kalikow
July 16, 2019
The decision to modify New York City’s rent laws had good intentions. They say that’s what the road to hell is paved with. There’s no denying the system needed an overhaul. Bad landlords had figured out ways to abuse the system and take advantage of tenants, engaging...
Belmont Park Redevelopment to benefit Long Island Rail Road; First full-time LIRR station in 50 year...
July 16, 2019
Belmont, NY Governor Andrew Cuomo said the $1.26 billion Belmont Park Redevelopment Project will benefit from a full-time Long Island Rail Road train station, the first full-time LIRR station in nearly 50 years, helping mitigate traffic...
State of land use in New York City - Four key findings - by Ron Cohen
July 16, 2019
Land use is arguably one of the most critical issues for the effective planning and development of our fair city. There are various rezoning initiatives that have recently passed to foster growth in neighborhoods such as Inwood, East Harlem, Jerome Avenue (Bronx), and East New York.
CPC holds ribbon-cutting for $15 million adaptive reuse
July 16, 2019
Utica, NY The Community Preservation Corp. (CPC) joined state comptroller Thomas DiNapoli, senior advisor to governor Cuomo for Upstate Economic Development John Maggiore, mayor Robert Palmieri, the development partners of Doyle Hardware Building LLC, Empire State Development Corp. (EDC), and other stakeholders
Hodges Ward Elliott arranges $61 million sale of Rocket Lofts; Parker, Gillen, Tambor, Van Buitenen ...
July 16, 2019
Brooklyn, NY The New York office for Hodges Ward Elliott (HWE) has arranged the $61 million sale of Rocket Lofts at 100 South 4th St., a 100% free-market rental building located on the south side of Williamsburg, between Berry St. and Bedford Ave.
Bortz of The Kislak Co. sells 192-units for $19 million; Financing provided by Columbia Bank
July 16, 2019
New Windsor, NY The Kislak Company, Inc. negotiated the $19 million sale of Southgate Village Apartments, a 192-unit multifamily property located at 2300 Vails Gate Heights Dr. Kislak marketed the property on an exclusive with senior vice president Janet Bortz...
Varjan, Jambu, Steffani and Braun of Lee NYC sell two buildings - $36.5 million
July 16, 2019
Brooklyn, NY Chris Varjan, senior managing director of investment sales, Vickram Jambu, senior managing director of investment sales, George Steffani, director, and Jonathan Braun, director of Lee & Associates NYC, have arranged the sale of the properties at 145 Henry St., between Pierrepont and Clark Sts., and 15-19 Wyckoff St.,
Gene Kaufman-designed dual brand Marriott hotel in Chelsea tops out
July 16, 2019
Manhattan, NY The 531-room, 46-story dual brand Marriott hotel on 140 W. 28th St. has topped out. Designed by Gene Kaufman Architect (GKA), the Springhill Suites and Towne Place Suites make up one of the tallest hotels in the city. The 419-ft. tall structure, which replaces....
Savanna tops out The Six, a 26-story, 90,000 s/f office building; Architect is Perkins Eastman; to b...
July 16, 2019
Manhattan, NY Savanna has celebrated the topping out of The Six, a 26-story, 90,000 s/f office building that Savanna is developing at 106 West 56th St. in partnership with Atom Assets, a Hong Kong-based real estate investment platform. Located on 56th St.
JRM completes 44,000 s/f renovation of IEX Group’s corporate offices at 3 WTC
July 16, 2019
Manhattan, NY JRM Construction Management has completed the renovation of IEX Group’s corporate office space located at 3 World Trade Center in the Financial District. The project took place over the course of 21 weeks and encompassed a renovation of 44,000 s/f of corporate office space.
Ismael Leyva Architects designs new facilities for Mercy College; To include classrooms, welcome cen...
July 16, 2019
Manhattan, NY Ismael Leyva Architects has been selected to expand Mercy College’s spaces on the 3rd, 4th and 7th floors of its current facility located at 47 West 34th St.
Society of American Registered Architects NY Council (SARANY) honors three MAP projects
July 16, 2019
New York, NY MAP received honors for three projects at the Society of American Registered Architects NY Council (SARANY) Awards dinner. This event highlighted some of the most well-known and important new architecture in New York. MAP's three winning....
Exact Capital and Lam Goup top out Renaissance by Marriott in Harlem; $178 million project designed ...
July 16, 2019
Manhattan, NY A new Renaissance by Marriott Hotel has been topped off rising above Harlem’s Victoria Theater. Developed by the Exact Capital Group and the Lam Group, the 26-story, 210-key, Renaissance by Marriott, one of Harlem’s first world-class hotels, and adjacent apartment tower...
Crystal Window supplies 1,532 Magnus commercial vinyl windows in Queens
July 16, 2019
Queens, NY Crystal Window & Door Systems has supplied 1,532 heavy-commercial vinyl windows for the recently completed One Flushing project. This development represents one of the largest uses to date of the new Crystal uPVC Magnus Series
J.T. Magen to build out 1 Manhattan West interiors
July 16, 2019
Manhattan, NY General contractor J.T. Magen & Co. Inc. is contracted to build out half of the interior space in the new supertower 1 Manhattan West in the Hudson Yards district. J.T. Magen will complete 1.1 million s/f of interior space...
Tempco Glass now to offer complete shower enclosure packages
July 16, 2019
Queens, NY Tempco Glass Fabrication has made a full line of hardware to complement its existing frameless shower glass offerings available to glaziers, glass installers, and contractors. For a basic residential frameless shower doors or screens for a multifamily or hotel building
RockFarmer Properties continues development of The Rowan; 46-unit condominium designed by DXA studio...
July 16, 2019
Queens, NY NYC-based RockFarmer Properties has launched a teaser website (TheRowanAstoria.com) for The Rowan, one of Astoria’s newest ground up condominiums. The site provides buyers a first look at the development designed as an urban...
Executive of the Month: Williams-Olley, CFO of Mancini Duffy: Proud shareholder & a voice on the lea...
July 16, 2019
New York, NY The New York Real Estate Journal sat down with Bolanle Williams-Olley, CFO of Mancini Duffy for a question and answer session.
Q: Tell us about Mancini and why you invested in the company.
Doe Fund breaks ground on 225 units of affordable housing in the Bronx; 187,000 s/f development Desi...
July 16, 2019
Bronx, NY The Doe Fund held a ceremonial groundbreaking event to launch the construction of a 15-story building containing 255 units of affordable and supportive housing at 1325 Jerome Ave. in the Mount Eden neighborhood.
NYC School Construction Authority and CTA Architects, P.C. complete UPK Q368 within Queens Passive H...
July 16, 2019
Queens, NY The NYC School Construction Authority (SCA) and CTA Architects, P.C. (CTA) have completed one of the city's and U.S.' first pre-Ks built within a passive house building. Located in the Corona section, UPK Q368 – also known as the Mosaic Pre-K Center