Owners Developers & Managers

Five questions to ask when choosing a fire restoration company - by Ron Fanish

In the aftermath of a fire, building owners and property managers are overwhelmed. There’s a seemingly endless number of tasks to stay on top of, from communicating with insurance and emergency responders to finding temporary new space for tenants. It’s crucial, however, that owners and managers take extra time when choosing a fire restoration company.

Simone Development to create 970 affordable homes

Bronx, NY The City Council took its most significant action so far this year to address the urgent and growing housing crisis, unanimously voting 47-0 to approve a proposal by Simone Development that will create 970 permanently affordable homes in the city.

IREM NYC hosts annual rooftop cocktail party

Manhattan, NY Members and guests of IREM NYC enjoyed a perfect late summer evening at the organization’s annual rooftop cocktail party. Held on September 13th at 230 Fifth Ave., it is one of IREM NYC’s signature events and was generously sponsored by six IREM NYC industry partners — Champion Elevator; Crown Products; Herrick; Prise; Rosenwach Tank and Total Fire Protection.

BOMA NY Pinnacles – The Oscars for the CRE industry celebrates excellence in buildings & property professionals

New York, NY BOMA New York is pleased to announce the winners for the 2023 Pinnacle Awards; the biggest night of the year for the commercial real estate industry in New York City. A total of 41 nominees across 18 categories were considered for the annual Pinnacle Awards celebration at Pier Sixty, that took place on September 28, 2023.

JLL and HKS RE close on $41.5m acquisition for Cadence Property Group

Manhattan, NY Cadence Property Group, in a joint venture with HOH Capital Partners and Deal Lake Capital, has completed the acquisition of 360 West 52nd St.  and contemporaneously closed on financing for a proposed condominium development at the site.

Soloviev’s One United Nations Park 75% sold resulting in $260m in sales

Manhattan, NY The Soloviev Group’s development, One United Nations Park, the luxury residential tower in Midtown East located at 695 First Ave., is now officially 75% sold. With over $260 million in closed deals and signed contracts to date, One United Nations Park offers a collection of 148 condominium residences

Fairstead, Project FIND and NYC Department HPD celebrate opening of Park 79 - affordable housing

Manhattan, NY Fairstead, Project FIND and the NYC Department of Housing Preservation & Development (HPD) celebrated the opening of Park 79, an 100% affordable senior housing development on the Upper West Side. In addition to its roles as property owner and property manager,

Vanguard-Fine negotiates 14 sale and lease transactions

Albany, NY Vanguard-Fine, LLC brokered 14 sales and leases. • Kenneth Brownell and Steven Lerner of Vanguard-Fine and Jessica Curtis of CBRE-Stamford brokered the 15-year lease between RCSH Operations, LLC

Silverstein Properties and Metro Loft Mgmt. to convert 410,000 s/f office building to residential property in $172.5m acquisition

Manhattan, NY Silverstein Properties and Metro Loft Management have commenced the acquisition of 55 Broad St., a 30-story office building in New York’s Financial District, for $172.5 million from the Rudin Family, who will retain an equity stake in the project.

Arthur May Redevelopment Holdings development - 63-unit the Flats on Raymond ready for occupancy

Poughkeepsie, NY Arthur May Redevelopment Holdings, LLC (AMRH), an affiliate of Dutchess County-based PAZ Management, has slated its second building at The Arlington of Poughkeepsie, the Flats on Raymond, ready for occupancy. Located in the Arlington Town Center