Manhattan, NY Mitchell Cooperstock, executive director/leasing, and Brett Weiss, director/leasing of Resolution Real Estate, a member of NAI Global, have arranged a 15-year lease for a full-service eye care practice Union Square Eye Center LLC at 32 Union Sq. East. The practice is taking 8,884 s/f, spanning the entire seventh floor of the block-long building located
Queens, NY Arrow Real Estate Advisors secured a $125 million construction loan on behalf of Z.D. Jasper Realty for the luxury residential condominium at 45-40 Vernon Blvd. in Long Island City. The financing was secured by Arrow Real Estate Advisors’ Morris Betesh, founder and managing partner, Omar Ferreira, senior vice president and Jacob Petrovic, associate.
Harlem, NY The new Davis Center is one of the most complex projects ever undertaken in Central Park’s long history. Spearheaded by the Central Park Conservancy, the project was designed by Susan T. Rodriguez Architecture & Design and Mitchell Giurgola. EW Howell Construction Group served as the general contractor for this $160 million project, which began
Bronx, NY Capitol Fire Sprinkler completed a comprehensive fire protection project at the Hunts Point Library, 877 Southern Blvd. The new fire safety systems are part of a $32 million renovation project at the landmark building and include the installation of a fire sprinkler system installed on the three main floors of the library, plus two mezzanine levels
Brooklyn, NY RFR sold its development site located at 175 3
rd St. in the Gowanus neighborhood. Tavros Capital and Charney Companies acquired the 750,000 s/f site – one of the largest development sites in in the newly rezoned Gowanus submarket – for $160 million. After several years of pre-development stewardship, RFR sold the site
Queens, NY The Port Authority of New York and New Jersey, in partnership with Realterm and Worldwide Flight Services (WFS), celebrated the opening of a new $270 million consolidated cargo handling center at John F. Kennedy International Airport (JFK). As the first new cargo facility at JFK in 25 years, this new cargo center will consolidate operations from four separate cargo zones
Manhattan, NY JRM Construction Management has completed the Wellness Center at the Hospital for Special Surgery (HSS). The 5,400 s/f facility provides holistic wellness solutions for HSS’s employees – offering an inviting space that addresses healthcare worker burnout and promotes both mental and physical wellbeing.
Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Manhattan, NY CM&B has promoted Tom Tassinari to executive vice president and chief operating officer (COO) at CM&B. In this role, Tassinari will oversee the internal operations of their Boston and New York offices. His promotion is a direct reflection of the leadership, dedication, and strategic contributions he has made throughout his 15 years
Manhattan, NY Neighborhood Housing Services of New York City, Inc. (NHSNYC) has appointed Tywan Anthony as director of property management & real estate training. In this role, Anthony will lead the newly established property management and training division at NHSNYC, focusing on enhancing technical expertise, educational resources, and overall support for industry
