Manhattan, NY The Armani Group and SL Green have launched plans to redevelop the Giorgio Armani boutique at 760 Madison Ave. The fully reimagined 97,000 s/f building will be home to a new flagship Giorgio Armani retail boutique and 19 residences designed by Giorgio Armani. Giorgio Armani will conceive the residential interiors and the designer intends to take up residence within the building upon its completion. New York architecture firm COOKFOX will serve as architect on the project and redesign the new building to reflect the evolution of the Armani brand which has become a perfect complement to the Upper East Side.
New York, NY Professional Women in Construction (PWC) - New York Chapter launched its 2019 Experienced & Emerging Mentorship Program on January 25. In June 2017, PWC launched its first Experienced & Emerging Mentorship program. The inaugural program paired 50 of the chapter’s members into 25 pairs. PWC is now taking applications from members to launch the third year, after a successful second year in 2018 with 28 pairs.
Albany, NY On January 27-29, the American Council of Engineering Companies of New York (ACEC New York) held their annual Winter Conference for the second year at the Capital Center and Renaissance Hotel in downtown Albany. This event is the largest conference on the ACEC New York calendar, and this year’s attendance exceeded all expectations with over 400 engineering and related professionals, as well as agency and authority personnel, in attendance. The conference also offered parallel tracks for CFOs/business managers, emerging leaders (engineering professionals preparing to take on top leadership roles in engineering firms), and a new track for HR personnel, which turned out to be a popular addition.
New York, NY IREM NYC held its January Breakfast Meeting, “Property Management in the Age of #MeToo.” For years, courts have provided guidance on the definitions of sexual harassment and sexually hostile work environment, and on the defenses available to employers. Their breakfast meeting provided an overview of what constitutes sexual harassment according to legislation, EEOC guidelines and case law.
Manhattan, NY Related Companies and The Hudson Companies have launched plans to bring 340 new units of affordable housing to Roosevelt Island. The developers and their city and state partners at the NYC Housing Preservation Department, NYC Housing Development Corp. and NYS’ Homes and Community Renewal agencies closed on the property on December 26th, 2018. Construction for Riverwalk 8, a 21-story building, located at 460 Main St., began in January and occupancy is expected in 2021.
Brooklyn, NY Douglaston Developmen has launched sales at its landmarked condominium conversion project, 75 Greene Ave., with over ...
Rye Brook, NY Con Edison’s announcement on January 18 that effective March 15 it will no longer accept new natural gas customers in rapidly developing lower Westchester County due to a severe shortage of available supply, is a wake-up call for all who are focused on the economic present and future of Westchester and the entire metropolitan area. In light of Con Edison, the Business Council of Westchester will immediately organize a campaign to bring together the best minds from the public, private and not-for-profit sectors to address the natural gas shortage crisis head-on and present viable, practical solutions.
White Plains, NY More than 100 real estate professionals were on hand for the Annual State of the Market luncheon held recently by the Building Owners and Managers Association of Westchester (BOMA). The program, which was held January 10th at the Crowne Plaza, featured a panel of real estate executives including Charles Epstein, VP of development for Lennar Multifamily Communities; Guy Leibler, president of Simone Healthcare Development; and Peter Duncan, president and CEO of George Comfort & Sons. Robert Weisz, president and CEO of RPW Group, was the moderator.
Brooklyn, NY According to Brown Harris Stevens Development Marketing, the firm has added JDS Development Group’s 613 Baltic to its roster of developments. The brokerage firm, which just opened its second office in Park Slope, will be assuming sales and marketing for the 11-story, 43-unit condominium building.
As the Tax Cuts and Jobs Act brings the most sweeping changes in the tax code in over 30 years, the 2018 tax season is going to be a roller coaster ride for many. Tax professionals are scrambling to learn all of the implications for both individuals and businesses as the season gets into full swing. How this affects you, the commercial real estate investor, and what you should be aware of before making your next real estate purchase, is detailed below. We also rate the tax changes between 2017 and 2018 as Good, Great or Ugly.
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