Owners Developers & Managers

Clinton Management inks 6,200 s/f lease with Laundrybee at Douglaston’s 3254 White Plains Rd.

New York, NY Clinton Management, the property management affiliate of Douglaston Development, has arranged a 15-year, 6,200 s/f lease, inclusive of a 20-car parking lot with MWBE laundromat provider, Laundrybee at 3254 White Plains Rd. in the Williamsbridge section of the Bronx.

New Empire acquires 37,793 s/f mixed-use development sites in Flatbush, Brooklyn for $18 million

New York, NY New Empire Corp. (NEC) closed on the acquisition of neighboring sites for development in Flatbush, Brooklyn. Acquired for $18 million, the lots are located at 757-767 Flatbush Ave. and 21 Lenox Rd. and total 37,793 s/f combined. The existing structures at both 757-767 Flatbush

Lendlease hires Henley to lead NY dev. business

New York, ny Lendlease appointed Monique Henley as executive general manager for the Americas development business. Henley is based out of Lendlease’s NYC office and reports directly to Mark Dickinson, managing director of development, Americas.

Property of the Month: Montroy DeMarco Architecture designs 18,200 s/f office expansion for a national legal services non-profit

New York, NY Montroy DeMarco Architecture (MDA) has completed an 18,200 s/f expansion to an existing 20,000 s/f office space in the Financial District for a national not-for-profit organization focused on providing legal services.

L&L Holding Company celebrates completion of 688,000 s/f 425 Park Ave. office tower - designed by Pritzker Prize-winning architect Lord Norman Foster

New York, NY L&L Holding Company, with Pritzker Prize-winning architect Lord Norman Foster and its project partners, gathered to celebrate the grand opening of 425 Park Ave. in Manhattan’s Plaza District. Developed by L&L Holding along with its co-equity partner and co-developer Tokyu Land Corp. and co-managing partner Bentall -GreenOak, 425 Park is one of the first full-block office developments to be completed on Park Ave. in half a century.

Rose Assocs. and BedRock R.E. receive approval for 15.45 acre site

Port Chester, NY Rose Associates and BedRock Real Estate Partners received final site plan approval from the village to develop a 15.45-acre site that has been unused for almost 20 years. The property at 406 Boston Post Rd., once home to United Hospital, will be completely redeveloped into a mixed-use community

SCS unveils new facility at TF Cornerstone’s 52-41 Center Blvd.

New York, NY Sunnyside Community Services (SCS) has unveiled a new facility in Long Island City that will allow the organization to expand its Queens footprint. The 7,713 s/f space will house the organization’s Home Health Aide Training Program, caregiver services, and a portion of its staff offices. The site will also be used to host community events, concerts, support groups, and meetings

Arch Cos. takes over portfolios of apartment development sites

New York, NY Arch Companies has closed a portfolio of three luxury apartment development projects in the Bushwick, Brooklyn market. The portfolio totals 61 units and is located at 435 Central Ave., 1010 Bushwick Ave. and 1351 Dekalb Ave.

How technology is transforming the restoration industry - by Ron Fanish

The restoration industry is an age-old trade—there’s been a need for it as long as humans have been building structures. That said, the technology that drives the industry is never stagnant.

Simple ways to future-proof your property management business - by Chris Ulep

When the word recession gets thrown around, you may worry about your financial security. The economy goes through cycles, and while these cycles are often unpredictable, the threat of recession looms heavily on your ability to plan ahead. Thanks to some much-needed cloud-based services, a few simple moves can go a long way toward future-proofing your property management business.