BEB, Totem, Ofer Cohen and SK Development secure
financing for 193,000 s/f housing development

Brooklyn, NY The partnership team of BEB Capital (BEB), Totem, Ofer Cohen, and SK Development, have secured financing for a 193,000 s/f, 14-story, 187-unit mixed-income housing and retail development in Sunset Park. Canyon Partners Real Estate LLC and J.P. Morgan co-originated

Syska Hennessy Group promotes four members to associate partner

Manhattan, NY Syska Hennessy Group, the international engineering firm, has promoted four professionals to associate partner, ten to senior associate, and nine to associate. The group of 23 represents seven different offices across the U.S.

L+M affiliates named 2024 Freddie Mac Multifamily Impact Sponsor

Manhattan, NY L+M Development Partners (L+M), affiliates L+M Fund Management and LMXD has been named the 2024 Freddie Mac Multifamily Impact Sponsor. The Impact Sponsor cohort comprises of sponsors who have shown significant results in providing affordable housing options,

Argo RE assumes management of 430,000 s/f commercial condo

Manhattan, NY Argo Real Estate’s property management division has been retained to manage 62 West 47^th St., a commercial condominium in the Diamond District, between Fifth and Sixth Ave’s. The 430,000 s/f, circa 1926 Art Deco jewel has 16 floors

BGO RE and 1Sharpe Capital form partnership

Manhattan, NY 1Sharpe Capital, builder and innovator across the real estate and technology spectrum, and BGO, a global real estate investment management advisor, have formed a partnership focused on investing in build-to-rent, single family home communities in the U.S.

Avdoo & Partners Development launch sales and near completion at the Bergen

Brooklyn, NY Avdoo & Partners Development revealed their newest project in Boerum Hill. Bergen is set to launch sales in spring 2024. Avdoo tapped architecture studio Taller Frida Escobedo to conceptualize the project’s design.

Sladkus inducted to American College of Real Estate Lawyers

Manhattan, NY Co-founding partner of Schwartz Sladkus Reich Greenberg Atlas LLP (SSRGA), Steven Sladkus, has accepted an invitation to become a fellow of the American College of Real Estate Lawyers (ACREL).

Question of the Month: Does a recent sale impact property taxes? It all depends. - by David Wilkes

A recent, arm’s length sale is often considered a strong indicator of a property’s value. But a sale price can also mask considerations that went into a deal that would be unknown to an outsider, such as business motivations, financing terms, and retained interests.

For city’s construction, new ways to speed projects (while taming budgets) - by Tallal Bhutta

While many real estate experts admit it privately, few say it aloud: Project construction delivery in metro New York is often substandard. Our proud city seems to lack the integrated, foresightful focus on construction seen in many other parts of the country.

Greenpoint Landing holds ribbon cutting for 374-unit affordable housing

Brooklyn, NY Greenpoint Landing Associates, an affiliate of Park Tower Group, joined by city and elected officials, celebrated the most recent addition to its Greenpoint Landing master-planned development site, 35 Commercial St. The 22-story brick tower, located in Greenpoint,