Owners Developers & Managers

RXR’s $1 billion waterfront development celebrates topping out The Beacon; Team includes Hunter Roberts and Handel Architects

Glen Cove, NY The $1 billion renaissance of the city’s 60-acre waterfront marked a new milestone with the topping-out of The Beacon at Garvies Point, a 167-unit, LEED-certified condo complex. The Beacon at Garvies Point, as well as the overall Garvies Point site, is being developed by RXR Realty in cooperation with the city. City officials and RXR executives were joined by representatives from Hunter Roberts, the site’s construction manager, to celebrate this construction milestone. The architect was Handel Architects.

Century Development launches sales at The Farrington in Flushing

Queens, NY The Farrington, a new development located at 134-37 35thAve. in Flushing has launched sales. The 100-unit condominium boastsone a...

2019 real estate industry outlook: Position your portfolio to minimize rate increases - by Tom DeLark and Chris Dunlap

Positioning your portfolio to be attractive has always been important to you. Now, it’s important to your property underwriter, too. 

National Grid awards CDCLI $25,000 grant for mixed-use development in support of Peconic Crossing in Riverhead

Riverhead, NY National Grid awarded a $25,000 grant to Community Development Corp. of Long Island (CDCLI) in support of Peconic Crossing, a 45-unit, mixed-use, affordable housing development that provides a preference for artists and displaced storm victims. The development, a joint project of CDCLI and Conifer Realty, complements the town’s ongoing efforts for revitalization of the downtown area, including obtainable housing and promotion of the arts in walkable neighborhoods connected to the Peconic River. 

Vinbaytel Property Development launches sales at 245 East 53rd Street; Listed by Tirosh & Team

Manhattan, NY Developer Vinbaytel Property Development LLC awarded Tirosh & Team at Douglas Elliman the exclusive listing for the condominiums at 245 East 53rd St. Located in Midtown East, the six-story property includes five modern units. 

Olshan Properties unveils redesign of 99 Hudson Street, TriBeCa; Design Republic reimagined building's entryway and lobby

Manhattan, NY Olshan Properties unveiled the redesign of TriBeCa’s 99 Hudson St. office space during a pair of brokers’ open house events. Olshan Properties owns a total of twelve full floors within the  TriBeCa office building. 

TF Cornerstone and MSD to redevelop Grand Hyatt New York

Manhattan, NY TF Cornerstone and MSD Partners, L.P. intend to pursue redevelopment of Grand Hyatt New York adjacent to Grand Central Terminal in Midtown in collaboration with an affiliate of Hyatt Hotels Corp. (Hyatt). The new project would replace the existing building and create a 2 million s/f mixed-use development, including office and retail space, improvements to the public transportation infrastructure in the Grand Central Terminal transit complex and a new Grand Hyatt hotel.

Mandarin Oriental to brand and manage 69 residences at 685 Fifth Avnue

Manhattan, NY Mandarin Oriental Hotel Group has agreed to brand and manage 69 residences scheduled for completion in 2021. Mandarin Oriental Residences at 685 Fifth Ave. are being developed in a 1920’s building on the corner of Fifth Ave. and 54th St. The owners and developers of the project are SHVO, BLG Capital and Deutsche Finance America. 

Executive of the Month: Hauck, supervisor of Total Safety Consulting’s Health and Medical Services division

New York, NY “Help others and expect nothing in return - that was a key value ingrained in me by my parents. Another was: never let a challenge hold you back,” said George Hauck, supervisor of Total Safety Consulting (TSC)’s Health and Medical Services division. Hauck, along with his five siblings, always followed the example set by his father, a machinist and entrepreneur with a strong work ethic, and his mother, a nurse “who saw her profession more as a calling than a job.” 

IFMA NYC holds 2018 annual Awards for Excellence Dinner; Sold-out event attended by over 400 guests

New York, NY The NYC chapter of the International Facility Management Association (IFMA NYC) hosted its 2018 annual Awards for Excellence Dinner at The Plaza.