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PWC’s professional development advisory council hosts panel on IPD
April 2, 2019
New York, NY International Women’s Day was Friday, March 8th this year, and Professional Women in Construction’s Professional Development Advisory Council (PDAC) hosted an informational panel on integrated project delivery to celebrate!
Message from the CEO of Bronx-Manhattan North Association of Realtors: The Broker’s Fee Proposal -...
April 2, 2019
On February 21, 2019, councilman Keith Powers proposed Intro. No. 1423. I refer to it as “The Broker’s Fee Proposal.” It’s a Local Law to amend the Administrative Code of the City of New York to limit the fee earned by a real estate licensee to one month’s rent.
Akiva, Salem & Slate of Tri State Commercial Realty collaborate for 1,640 s/f at 839 Broadway
April 2, 2019
Brooklyn, NY According to Tri State Commercial Realty, Zack’s Dance Loft has signed a 10-year lease at 839 Broadway for 1,640 s/f. Asking rent for this property was $70 per s/f.
Bestreich Realty Group handles three sales in Brooklyn totaling $9.05 million
April 2, 2019
Brooklyn, NY Bestreich Realty Group (BRG) completed three sales totaling $9.05 million. Includes 298 7th Ave., a mixed-used property in the Park Slope neighborhood sold for $3.4 million by Bestreich, Sproviero, Lobel, Waring, and Kates…
Abramov and Kandkhorov of Asset Commercial Realty Group broker 1,566 s/f
April 2, 2019
Brooklyn, NY Michelle Abramov and Mark Kandkhorov of Asset Commercial Realty Group’s (AssetCRG) retail leasing team exclusively represented EyeCrafters LLC in its lease negotiations with the Muss Development for 1,566 s/f at 340 Jay St. Muss Development was represented in-house by Ross Spitalnick.
Madison Realty Capital provides $30.5 million to refinance GEM Hotel
April 2, 2019
Manhattan, NY Madison Realty Capital (MRC) closed $30.5 million of financing collateralized by the GEM Hotel, a boutique hotel located at 300 West 22nd St. in the Chelsea neighborhood. JLL’s Aaron Appel brokered the financing.
Meeting the needs of Millennials and Boomers in transit-oriented workforce housing - by Nate Kline
April 2, 2019
During the past decade, millennials have flocked to larger cities to take advantage of abundant employment opportunities and an environment of restaurants, shopping, culture and community. The ability to use mass transit in place of a car has added to the appeal.
Fire safety code shortfalls and compliance: Do not get busted by your insurance company - by George ...
April 2, 2019
Insurance companies are busting clients left and right over fire safety code shortfalls. On the one hand, nobody wants to be caught in the line of fire. On the other hand, hard to read code regulations are good candidates for the back burner.
Innovation in life safety design for New York City historic or landmark buildings - by Daniel Colomb...
April 2, 2019
What is of value is worth protecting. That is the fundamental premise in protecting buildings and their occupants and contents. In life safety design for buildings, the most valuable asset is human capital; the building is secondary to the people in it.
The dawn of Generation Z in the workplace: Businesses need to create spaces generation needs - by Me...
April 2, 2019
While appealing to Millennials has dominated the workplace conversation in recent years, a new group, Generation Z, is on its way to transform how organizations conduct day-to-day business. With members of Generation Z entering the workforce by 2020,
Following five protocols to achieve reliable and successful smart buildings - by Walt Herring and No...
April 2, 2019
The ultimate Internet of Things (IoT) Smart Building dream is having an abundance of devices and sensors deployed across a building, interacting with one another to proactively and analytically respond to various events, needs, and desires. The device and sensor markets are ripe with products to fulfill...
Blockchain: The future of the real estate industry - by Stephen King
April 2, 2019
Blockchain is most basically defined as “a distributed, decentralized, public ledger,” and is easiest to think of as a series of unique data points – or blocks – that are forever built upon, forming an unbreakable chain. Do you remember the handwritten cards in the back of a library book?
Executive of the Month: Fava, president of PK Metals and eGreen Recycling: Pioneer in eWaste soluti...
April 2, 2019
Holtsville, NY The New York Real Estate Journal recently sat down with Philip Fava, president of PK Metals and eGreen Recycling Management, LLC (eGreen), to talk about one of today’s most important and complicated issues, that of eWaste handling, disposal and compliance.
Klosed Properties acquires two buildings in the Belmont neighborhood of the Bronx
April 2, 2019
Bronx, NY According to Klosed Properties, the firm has acquired two properties in the Belmont neighborhood.
2333 Beaumont Ave. is a mixed-use 2,000 s/f building, with plans to build 12 apartments, 11,000 s/f ground up.
Brookfield Properties and Convene to create 73,000 s/f event venue
April 2, 2019
Manhattan, NY Brookfield Properties and Convene have partnered to create a 73,000 s/f, multi-use, flagship venue at Brookfield Place. The full-service events space will be managed by Convene’s staff of hospitality professionals, further enhancing Brookfield Place as a destination
JLL Capital Markets arranges $215 million loan to refinance Tower 28
April 2, 2019
Queens, NY JLL Capital Markets has arranged a $215 million loan to refinance Tower 28, a multifamily tower in the Queensboro Plaza neighborhood of Long Island City. The group worked on behalf of Heatherwood Luxury Rentals to place the loan with Morgan Stanley.
Tishman Speyer and Common launch Kin in Long Island City
April 2, 2019
New York, NY Tishman Speyer and Common have launched Kin, one of the country’s first residential brands made for families living in and near cities. Kin buildings will feature custom-designed shared spaces with family programming and events, on-demand childcare and more.
Eastone Equities launches Harrison Yards - a $340 million project; A Transited-oriented class A mixe...
April 2, 2019
Harrison, NJ Eastone Equities, a New York City-based real estate private equity firm, has launched Harrison Yards, a $340 million transit-oriented class A mixed-use development that promises to deliver a new urban lifestyle. Harrison Yards sits on two adjacent sites along Frank E. Rodgers Blvd