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MDA and Studio aCd complete 6,500 s/f expansion for Lavazza; Team included JRM, MG Engineering and ...
August 20, 2019
Manhattan, NY Montroy DeMarco Architecture (MDA) and Turin, Italy-based Isidoro Mastronardi of Studio aCd Architetti have completed the expansion of the U.S. headquarters office and showroom of the leading global coffee supplier and equipment manufacturer Lavazza, also based in Turin.
Georgia Green and East Hampton Housing Authority begin $24 million, 37-unit workforce housing develo...
August 20, 2019
East Hampton, NY According to governor Andrew Cuomo, construction has begun on a $24 million workforce housing development. Gansett Meadow will provide 37 mixed-income rental homes for families in a transit-oriented neighborhood. "The Gansett Meadow Apartments will provide...
NYCEDC and RAL Development break ground on $250 million, 21-story Union Square Tech Training Center
August 20, 2019
Manhattan, NY NYCEDC, deputy mayor Vicki Been, council member Carlina Rivera, borough president Gale Brewer, community stakeholders and RAL Development Services broke ground on the new 21-story building that will house the Union Square Tech Training Center. Technology spans every industry from...
Related and Hudson top out $135.8 million Riverwalk Park project;
21-story, 340-unit building on...
August 20, 2019
Manhattan, NY Related Companies and The Hudson Companies has topped out Riverwalk Park, a 100% affordable, 340-unit building at 460 Main St. on Roosevelt Island. Related and Hudson broke ground on the 21-story building in January. Riverwalk Park, planned as an Enterprise Green...
Outside the Region: Gorjian of Uber Capital Group provides $33 million acquisition financing
August 20, 2019
Lafayette, LA Led by president and founder Joel Gorjian, Uber Capital Group, LLC has sourced a $33 million acquisition financing loan for the purchase of the Acadiana Mall. The client was a private national commercial real estate investment group based in New York.
Outside the Region: Heiss of Largo arranges $88.3m of debt financing for the acquisition and reposit...
August 20, 2019
Burnaby, BC Kevin Heiss, Managing Director of the Largo Group of Companies, secured $88.3 million of debt financing for the acquisition and repositioning of two office buildings. The two buildings total 251,000 s/f and are located in Metrotown, the city's primary
Outside the Region: RE/MAX Launches the booj Platform
August 20, 2019
Chicago, IL RE/MAX, LLC has launched the booj Platform, an integrated suite of digital products that will empower agents, teams and brokers to proactively establish, manage and grow client relationships. Developed by booj engineers in collaboration with thousands of RE/MAX affiliates, the
Outside the Region: Smith joins Houlihan Lawrence in Greenwich, Conn. office
August 20, 2019
Greenwich, CT According to Houlihan Lawrence, Laurie Smith, a 35-year industry veteran, has joined its local office. She was most recently with the Tamar Lurie Group at Coldwell Banker.
Outside the Region: GAIA Real Estate and partners sell Cashel Springs Apartments in Houston
August 20, 2019
Houston, TX New York based GAIA Real Estate, together with its partners Menora Mivtachim Insurance and Amitim Senior Pension Funds, completed the sale of Cashel Springs, a 300-unit value-add property. The non-disclosed buyer was represented by Matt Saunders, executive managing director at Newmark Knight Frank.
Outside the Region: Feil Org. reps Bernhard in headquarters relocation to The Galleria
August 20, 2019
Metairie, LA Mechanical and electrical contractor company Bernhard will relocate its national corporate headquarters, according to The Feil Org., the building’s owner and manager. The company will take occupancy of its new 38,500 s/f headquarters on the LEED-certified building’s 8th floor early next
Outside the Region: Ross of Largo Capital secures $22.5 million in financing for two properties
August 20, 2019
Toronto, ON Kevin Ross, vice president of originations at Largo Capital, has arranged $22.5 Million of financing for two properties owned by the same client in Montreal, QC.
The first transaction was a $7.5 million loan to refinance the existing debt on a 151,000 s/f,
Outside the Region: Largo Capital arranges $20.4 million acquisition financing for industrial portfo...
August 20, 2019
Tampa, FL Kurt DeVries, managing director for Largo Capital, arranged a $20.4 million acquisition loan on an industrial portfolio. The portfolio is comprised of 16 properties, totals 462,646 s/f, which includes individual assets that vary in size from 5,500 to 78,662 s/f on nine parcels.
Doshi, Schechtman and Mehra of Meridian Investment Sales to sell 21 Southampton condominiums
August 8, 2019
Southampton, NY Meridian Investment Sales has been exclusively appointed by the debtor to sell a substantially completed waterfront condominium project in the Town of Southampton through a bankruptcy court ordered sale. Senior executive managing directors, Amit Doshi and...
BOMA New York captures the global stage and prepares for the 2020 Pinnacle Awards
August 6, 2019
New York, NY BOMA International presented 17 International TOBY Awards at the annual conference last month. Two NYC buildings returned with the TOBY, beating dozens of buildings from around the globe. The Hearst Tower won “Best Corporate Facility,
IREM NYC swears in Caulfield of Kimco Realty as an ACoM; Chapter to hold sporting Clay Fundraiser on...
August 6, 2019
New York, NY Stephanie Caulfield, general manager at Kimco Realty was recently sworn in as an IREM Accredited Commercial Manager (ACoM). This designation is for those who are passionate about commercial management and have the credibility and expertise to back that up.
ACEC NY inducts new officers and directors for 2019-20; Cascino of AECOM accepts position as chair
August 6, 2019
New York, NY The American Council of Engineering Companies of New York (ACEC New York) inducted a new slate of officers and directors at the association’s Annual Meeting on June 5th at the Union League Club in New York City. All officers’ and directors’ terms began on July 1st.
PWC holds Mentorship Panel in July at Syracuse University; Moderated by Co of Syracuse University
August 6, 2019
Syracuse, NY On July 24th, Professional Women in Construction New York’s (PWC-NY) Mentorship Committee hosted its first panel of the year on career growth and development at Syracuse University – Fisher Center. The event started with a networking reception followed by a panel discussion.
Are you violating the 14-day deposit return rule? How new rent laws in New York affect security depo...
August 6, 2019
The new rent laws are here, and real estate professionals all over New York State are still coming to grips with the full extent of this change. The most glaring changes have to do with a landlord’s ability to raise rent on rent-stabilized units, an issue that has received widespread coverage. One part which has received less attention...
Proactive engineering: Asking the right questions to ensure a successful project by Matt Grobert and...
August 6, 2019
It is often anticipated that taking on a large construction project will likely lead to the dreaded “change order.” A change order includes work that is added (or removed) from the original scope; which could cause a change in the overall project’s pricing and timeline. As a precaution, it can be factored into the loan and financial planning...
Amenities serve a purpose in today’s workplaces: Organizations re-examining offerings to employees...
August 6, 2019
Organizations are re-examining the amenities they offer employees to better align with the changing nature of work and high expectations for the workplace experience. We’re shifting away from the obvious (food and beverage) and frivolous (ping-pong tables) to providing access to amenities that are more meaningful to the individual...