Stellar Management completes
Astoria Pointe - 53,748 s/f office building

Queens, NY Stellar Management, a real estate developer, investor, and manager with over 35 years of experience, has completed Astoria Pointe, a nine-story, class A, 53,748 s/f, mixed-use office building located at 35-01 and 36^th Ave. on the border of Long Island City and Astoria.

Alloy partners with Radial Power and MaxSolar to bring offsite solar energy to 505 State St. residences

Brooklyn, NY Alloy Development (Alloy) has selected Radial Power and MaxSolar to provide 100% renewable energy at New York City’s first all-electric residential tower, 505 State St., through two separate community solar agreements – helping it to reach its goal of being NYC’s first all-electric,

Optimum Asset Management opens
222 LES Tower + Lofts to residents

Manhattan, NY Optimum Asset Management, a real estate investment and development firm, has commenced  closings at 222 LES Tower + Lofts, its new boutique condominium downtown. Situated on the Lower East Side, 222 LES Tower + Lofts offers an intimate collection of light-filled residences and a suite of indoor and outdoor amenities,

BOMA New York: Welcome back to the office

As we navigate the transition from remote work to returning to the office, BOMA New York acknowledges the significance of in-person collaboration and the many benefits it offers. At BOMA New York, we encourage all our members to embrace the opportunity to return to the office, not only for increased productivity but also for the vital relationship-building that in-person collaboration fosters. 

RIPCO sells three-family building for $4.775 million

Brooklyn, NY RIPCO Real Estate completed the sale of 168 Pacific St. in Cobble Hill, for $4.775 million. The three-family building measures 4,200 s/f and is a four-story brick brownstone situated on a tree-lined street between Clinton and Court St. The sale price equated to over $1,100 per s/f. The seller delivered the property vacant allowing the buyer to immediately begin a gut renovation of the entire property.

The Domain Companies closes $218.6m in
financing for Estela - 544 mixed-income units

Mott Haven, NY The Domain Companies has closed $218.6 million in financing for Estela, a two-building mixed-use development that has brought 544 mixed-income, homes and 10,000 s/f of ground-floor retail in the South Bronx. Freddie Mac’s Forward Commitment program provided long-term permanent financing through JLL Real Estate Capital.

Horovitz named president of Brown Harris Stevens Residential Management

Manhattan, NY Brown Harris Stevens Residential Management (BHS Residential Management), LLC has named Richard Horovitz president of the company. In this role, Horovitz will oversee the BHS Residential Management, LLC company as well as an extensive portfolio of cooperatives and condominiums in some of Manhattan’s most desirable buildings.

Soloviev Group and Kent Hospitality Group launch dining and hospitality offerings at 9 West 57th St.

Manhattan, NY Soloviev Group, a real estate development firm, began a new collaboration with Kent Hospitality Group (KHG) to enhance the suite of luxury amenities at its office property, 9 West 57^th St. The new food and beverage amenities  —  available exclusively to tenants of the building and their guests —

BXP signs 246,000 s/f lease renewal with KnitWell Group at 7 Times Square

Manhattan, NY BXP, one of the largest publicly traded developers, owner, and manager of premier workplaces in the U.S., signed a 246,000 s/f long-term lease renewal and expansion with KnitWell Group at 7 Times Sq. The 20-year lease comprises the existing approximately 191,000 s/f premises plus two additional full floors totaling 55,000 s/f.

The Moinian Group completes payment of $630m in bonds issued through Moinian Limited

Manhattan, NY Joseph Moinian, CEO and founder of The Moinian Group, has completed the full payment of over $630 million in principal and interest on bonds issued through Moinian Limited, the company’s publicly reporting subsidiary on the Tel Aviv Stock Exchange (TASE).