Owners Developers & Managers

Nortco Development launches sales at Eleven Hancock condominium; Designed by Issac & Stern and Lemay + Escobar

Manhattan, NY According to  Nortco Development, sales have commenced at Eleven Hancock in Harlem, a ground-up condominium located at 11 Hancock Place south of 125th St. near Morningside Park.  Designed by Issac & Stern Architects with interiors by Lemay + Escobar, Eleven Hancock features cantilevered...

Enterprise and HPD select three grantees for initiative

New York, NY Enterprise Community Partners and the NYC Department of Housing Preservation and Development (HPD) unvield a grant to Brooklyn Workforce Innovations (BWI), The HOPE Program (HOPE), and New York City College of Technology (City Tech) to design a new program through their Housing Career Pathways initiative.

JMH and Mettle break ground on 143-unit Long Island City development; Project team: SLCE and Lauren Jayne Design

Queens, NY Construction is underway at 36-20 Steinway St. in Long Island City, which is being developed as a 158,000 s/f rental building by Jason Halpern’s JMH Development in partnership with Gerard Longo’s Mettle Property Group. The team previously secured a $56 million construction loan...

Gertler appointed president and CEO of Empire State Development

Albany, NY Governor Andrew Cuomo has nominated Eric Gertler to serve as president and CEO of Empire State Development (ESD), New York State's chief economic development agency. Gertler, who is currently the executive chairman of U.S. News & World Report and has been on the board of ESD since June 2018...

Parlante joins Feil Organization as director of leasing

New York, NY Timothy Parlante has joined The Feil Org. as director of leasing, and will focus on the company’s office properties in NY and on Long Island. Over his 12-year career, Parlante has represented tenants and landlords in the office sector, establishing relationships with community leader...

L+M, Prudential and Goldman Sachs unveil amenities at Walker House; Team includes: Inglese Architecture and CetraRuddy

Newark, NJ L+M Development Partners in partnership with Prudential Financial and the Goldman Sachs Urban Investment Group released finished exterior, lobby and amenity space photographs of Walker House, the fully restored, landmarked former home of NJ Bel. The exterior and amenity photographs highlight the Art Deco masterpiece at 540 Broad St.,

Governor Cuomo and NYNJPA launch RFP for JKF Airport redevelopment

strong>Queens, NY Governor Andrew Cuomo launched a request for proposals to solicit bids to provide expert professional construction management for the John F. Kennedy International Airport Redevelopment Program on an “as-needed” basis. The RFP, released by the Port Authority of New York and New Jersey...

Thor Equities launches Thor Sciences; focusing on the life sciences sector

New York, NY Thor Equities, a global leader in urban real estate development, leasing and management, has launched Thor Sciences, a division specializing in the life sciences sector. This comes on the heels of Thor’s $152 million acquisition of The Center of Excellence, a 784,000 s/f campus...

Building owners beware: Failure to comply with NYC emission standard could lead to hefty fines - by Golden, Phillipou and Atzrott

In April 2019, the NYC Council approved a “Green New Deal” to reduce greenhouse gas emissions by 2050. The regulations created an Office of Building Energy and Emission Performance (the office) within the Department of Buildings along with laws requiring certain buildings (the covered buildings) to comply with emission ceilings (the emission ceiling.)

How two acquisitions and $470 million in cash altered control over NYC property management software landscape - by Derrick Chou

Over the last couple of years, Realpage (NSDQ: RP), a publicly traded provider of property management software solutions, acquired On-Site, an online leasing and marketing platform for $250 million in cash (2017) and then Clickpay, an online electronic payments platform for $218 million in cash (2018). Acquiring the two companies has vaulted