Owners Developers & Managers

Braverman Greenspun P.C. hires two attorneys

Manhattan,ny Braverman Greenspun P.C. has added two attorneys who each bring two decades of experience and extend the firm’s capabilities. Jillian Menna, a veteran insurance attorney, will assist clients with complex claims and other insurance issues. Daniella Zelefsky, a seasoned advisor on condo and co-op developments, will work with developer and condo board clients.

First Citizens Bank’s RE Finance business provides $42.2m in financing for 112,400 s/f studio facilities

Yonkers, NY First Citizens Bank’s Real Estate Finance business, a division of CIT, provided $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of 1050 North Bdwy., a new entertainment production facility 100% pre-leased to MediaPro Studios.

Maintaining indoor air quality in New York amid wildfire smoke from Canada - by Eric Mitchell and Daniel Galarza

Smoke from Canadian wildfires had an astonishing presence in New York this summer, and, even though wildfire season traditionally ends in August, now is the time for property owners to plan for a possible future recurrence. Canadian wildfires are expected to be even worse in the future

Bayport Funding provides $3.35m construction loan for multifamily property conversion

Brooklyn, NY Bayport Funding has provided a $3.35 million acquisition and construction loan for the single-family conversion of a multifamily brownstone in Boerum Hill. The three-story, 2,576 s/f property was built in 1899 and comprises four bedrooms and three bathrooms.

Rose Associates and The Marmara Group continue leasing at 301 East 94th St.

Manhattan, NY Rose Associates has leasing underway at 301 East 94th St. The property, a complete re-imagination of an existing hotel that has been fully renovated and transformed into a brand-new rental development by Rose and the Marmara Group, offers 106 apartments in studio-, one-, two- and three-bedroom configurations.

Executive of the Month: Jim Cinelli, P.E.,
President, Liberty Environmental

How did you get into environmental engineering?  Since I was very young, I was interested in the flow of water – whether in natural streams or in man-made channels. My friends and I used to frequently play in a nearby stream, and float sticks down drainage ditches after storms.

Incorporating AI responsibly into buildings - by Akram Khalis

It’s impossible to imagine the living, working and playing spaces of tomorrow without considering artificial intelligence (AI). After all, the rapidly democratizing technology has made itself at home in nearly every place we find humans today.

QuickBooks vs. property management software in New York - by Chris Ulep

Property management software for New Yorkers needs to be designed to handle their unique needs. While some have tried, it can be a substantial effort to take general accounting software such as QuickBooks and try to adapt it for property management. QuickBooks is arguably the best-known accounting software for small businesses in the country.

The benefits of choosing ‘full service’ for your next building renovation - by Ron Fanish

Building renovations are some of the most complex and stressful undertakings that a building owner can face. There’s no shortage of decisions to make, from setting a timeline and determining a budget, to selecting materials and the right design. Meanwhile, time is of the essence: tenants can only be displaced for so long.

MNPP secures lease extension for 545 Madison - 30,094 s/f

New York, NY Marx Realty (MNPP) has unveiled 545 Madison’s luxury penthouse renovation renderings. Additionally, GTS Securities has signed a two-year lease extension for its 30,094 s/f space, distributed across the building’s 9th, 15th, 16th, and 17th floors.