BRP and Hudson begin phase two of $335 million La Central project; Designed by FXCOLLABORATIVE with MHG Architects and Future Green Studio

Bronx, NY Construction has started on two buildings at La Central, a $335 million, 1.1 million s/f mixed-income project. NYC and NYS officials joined the leaders of BRP Cos., Hudson Cos., ELH-TKC, Breaking Ground, Comunilife and the YMCA of Greater New York and other project partners to celebrate the groundbreaking.

Steenson named director of development at Townhomes Management

New York, NY Paul Steenson was recently appointed director of development at Townhouse Management Co., a third-generation real estate company that acquires, develops and manages residential, commercial, retail and mixed-use properties throughout the New York metropolitan area.

Construction commissioning: Protecting your investment Part two - by Andrea Mancino

Design Phase The design phase iscriticalto the commissioning process. There are a lot of complexities in designing and constructing a bui...

Ceruzzi and Kuafu begins construction on 230,000 s/f mixed-use development; Project team includes: Gilbane, HOK and Shelton Mindel

Manhattan, NY According to Ceruzzi Holdings LLC, construction is underway at 147-151 East 86th St., its 18-story, 210-ft. mixed-use development in partnership with Kuafu Properties. Construction financing has been provided by TCI Fund Management Ltd. and arranged by Holliday Fenoglio Fowler, L.P. (HFF).

WayFinderPM hosts Q1 Developers’ Summit

Manhattan, NY Real estate property and asset manager WayFinderPM just hosted the Q1 2018 WayFinderPM Developers’ Summit. The latest event in the ongoing series of lectures, discussions, and presentations aimed to educate both domestic and international property professionals and investors on the current legal, financial, and political issues impacting the NYC’s real estate industry.

Baugier launches Surecave; A real estate technology company

New York,NY Louis Baugier, a JP Morgan and RXR Realtyalum, launchedSurecave, a NYC-based real estate technology companythatallows landlords/...

Preservation of affordable housing in New York City will always be a challenge - by Jay Sobhraj

The preservation of affordable housing in NYC will always be an enormous challenge. Not only is New York one of the most expensive cities in the world, with very little room left to build, it is being constantly reinvented. Neighborhoods that a decade ago were neglected, or primarily heavy industry, become today’s hottest residential markets, with rents rising higher than anyone can predict.

Two changes in the new Tax Cuts and Jobs Act: Bonus depreciation and Section 179 Deduction - by Charles Tover and Ari Lasky

Bonus Depreciation One of the more significant items of the Tax Cuts and Jobs Act deals with bonus depreciation. Previously, bonus deprec...

LED upgrade analytics: Every building in New York City will literally have to upgrade to LED - by George Crawford

George Crawford is the principal of Green Partners, New York, N.Y. ...

East Harlem is on the move in 2018: Increased development, strong rents and high condo prices - by Holley Drakeford

Holley Drakeford is president of Drakeford Realty Group, New York, N.Y. ...