Wells Fargo CLI arranges $359m in financing
for 880-unit housing

Queens, NY Wells Fargo’s Community Lending and Investment (CLI) has arranged a total of $359 million in financing for one of the largest, 100% affordable housing development in New York City in 40 years. Willets Point Phase 1A is an 880-unit

Slate Property Group and RiseBoro Community Partnership to
convert hotel to housing under HONDA program

Queens, NY Slate Property Group and its non-profit partner RiseBoro Community Partnership completed their acquisition of the former JFK Hilton Hotel, marking a major milestone in converting the first former hotel into permanently affordable housing through New York’s Housing Our Neighbors with Dignity Act (HONDA).

Rose Associates appoints two managing directors

Manhattan, NY Rose Associates, Inc. has appointed two new managing directors. Roseann Coraci has been promoted to managing director of multifamily and Christopher Blackman has been hired as managing director of information technology. An industry veteran with nearly two decades of property management experience

Bradford Allen Hospitality
acquires two hotel properties

Riverhead, NY Bradford Allen Hospitality has acquired two adjacent hotel properties on Long Island, a 131-suite Residence Inn by Marriott located at 2012 Old Country Rd. and a 114-key Hilton Garden Inn at 2038 Old Country Rd.

FirstService Residential names Dunmore president of New York operations

Manhattan, NY FirstService Residential, the leading residential property management company, appointed Steve Dunmore president of its New York operations. In this role, Dunmore will oversee all aspects of FirstService Residential’s New York operations, leading a team of over 500 property management professionals across the metro area.

Skanska completes first phase of East River Waterfront Esplanade

Manhattan, NY Skanska has completed the first phase of the East Midtown Waterfront Esplanade and East River Greenway development along FDR Dr. The project, awarded to Skanska by New York City Economic Development Corp. (NYCEDC) in 2019

Cappelli Development Company begins leasing at 241-unit residential tower - Encore

New Rochelle, NY Cappelli Development Company has opened and commenced leasing at Encore, a 28-story residential tower directly across Centre Ave. from 3THIRTY3 featuring 241 luxury apartments and an array of amenities and services. 

Eastman Cooke renovates 4,500 s/f space for Greystone Management

Manhattan, NY Eastman Cooke & Associates (ECA), a preeminent New York-based general contracting firm, has completed another turnkey renovation for Greystone Management Corp. at 75 Spring St., a 10-story, circa 1905 commercial property, at the corner of Crosby Street.

Coldwell Banker boosts CRE data insights with Placer.ai vendor relationship

Manhattan, NY Coldwell Banker Commercial has formed a new vendor relationship with Placer.ai. This affiliation provides the Coldwell Banker Commercial brand and its network of CRE experts with insightful real estate data analytics that showcase the value of properties and optimize management.

Berger of Robert Martin honored by Jewish Business Network at gala

Tarrytown, NY Greg Berger, president of Robert Martin Company, was honored at the Jewish Business Network of Rivertowns-Westchester annual breakfast gala & business forum held December 14. More than 175 business leaders attended the event held at the Tarrytown House Estate, Biddle Mansion.