Global Holdings inks lease with Amalgamated Bank - making 99 Park Ave. 98% leased

Manhattan, NY Global Holdings, real estate development and investment firm led by chairman and founder Eyal Ofer, has arranged a lease with Amalgamated Bank for a 94,045 s/f, 15-year deal within 99 Park Ave. The 26-story Midtown East office tower is currently in the midst of a $30 million capital improvement program featuring a detailed facade redesign and the integration

Syska Hennessy promotes
four to associate partner

Manhattan, NY Syska Hennessy Group, the international engineering firm, has elevated four professionals to associate partner. The group represents three different offices within the U.S. The new associate partners are: Melonee Jenkins, PE, LEED AP BD+C (New York). Jenkins has more than 14 years of experience in mechanical engineering design. Her project portfolio includes offices, education, healthcare, laboratories, data centers

Sioni Group appoints REAL NY marketing agent for 100 West 37th development

Manhattan, NY A 70-story building with a champagne-colored glass curtain wall structure is about to enter the era of luxury living for Midtown South. 100 West 37^th St., at the corner of 6^th Ave., will bring a futuristic cylinder glass tower to the emerging residential area along with the largest number of ground-up new development units and a new standard of luxury, never before seen in this area.

Leveraging IDA incentives and property tax exemptions for development success - by David Wilkes and Kevin Clyne

Real estate developers operating in New York State know that the high cost of taxes and regulatory compliance can be major obstacles to new construction and redevelopment. To address these challenges, New York has established a network of local Industrial Development Agencies (IDAs) and economic development authorities empowered to offer meaningful incentives to stimulate private investment. Created under the General Municipal Law and Local Authorities Law, IDAs provide a variety of financial tools — including tax abatements

Mulford Corp., Community Builders, and Yonkers Housing Authority to develop affordable community

Yonkers, NY After 15 years in the making, the demolition of the final building of the former Cottage Gardens Housing Complex took place on March 20 to make room for Willow at the Ridgeway, a new community featuring a new 8-story, all-electric, 100% affordable building with 92 units for seniors.  Attending the demolition were officials from the City of Yonkers, Yonkers Housing Authority

Ailanthus, BEB Capital, and SK Development unveil 187-unit project renderings

Brooklyn, NY The partnership team of Ailanthus, BEB Capital, and SK Development, revealed project renderings for One Sunset, a 193,000 s/f, 14-story, 187-unit mixed-income housing and retail development located at 201 East 25^th St. in the Sunset Park neighborhood. 

Haussmann Development begins leasing at The Eve - mixed-income residence

Brooklyn, NY Haussmann Development has launched leasing at The Eve, a seven-story, mixed-income residential building located at 827 Sterling Pl. in Crown Heights. The development introduces 76 new apartments to one of Brooklyn’s most in-demand neighborhoods, including studios, one- and two-bedroom layouts, and duplex residences.

Dow-Moore joins Nickerson as associate director of real estate, PR and communications

Manhattan, NY Nickerson, a global full-service branding, marketing, PR and communications agency, has welcomed Magnolia (Maggie) Dow-Moore as associate director of real estate, PR and communications. In this new role, Dow-Moore will be integral in helping lead and manage Nickerson’s real estate accounts, driving strategic communications and positioning for the companies’ diverse portfolios of properties.

Triangle Equities and The Michaels Organization launch leasing at 40-story Maxwell Downtown Brooklyn

Brooklyn, NY Triangle Equities and The Michaels Organization, alongside partners Geolo Capital and Helaba Bank, have launched residential leasing at the newly branded “Maxwell Downtown Brooklyn,” a 40-story, class-A, mixed-use residential high-rise tower at 111 Willoughby St. Concurrently with the launch of residential leasing,

Two Trees Management leases 99% of One Domino Square residences

Brooklyn, NY According to Two Trees Management, a family-owned, Brooklyn-based real estate development firm, over 99% of rental units in One Domino Square, Williamsburg’s tallest residential building, have been leased since the building’s launch less than a year ago.