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Enterprise Community Partners closes $190.2 million Equitable Upward Mobility Fund

Manhattan, NY Enterprise Community Partners (Enterprise) closed the Equitable Upward Mobility Fund (EUMF), a $190.2 million Low-Income Housing Tax Credit fund designed specifically to support economic mobility with a focus on racial equity. With commitments from investors

CBRE sells 262,000 s/f The Source

White Plains, NY CBRE brokered the sale of The Source, a 262,000 s/f mixed-use, grocery-anchored property. The CBRE team of Jeffrey Dunne, David Gavin, Steve Bardsley and Travis Langer represented the seller while also procuring the buyer, Hines U.S. Property Partners (HUSPP).

2023 REBNY Honorees - Barry Gosin - The Bernard H. Mendik Lifetime Leadership in Real Estate Award

Barry Gosin, the chief executive officer of Newmark Group, Inc., has led the business which operates as Newmark, one of the world’s leading commercial real estate advisory firms, since 1979. Gosin guides the firm’s national and global expansion initiatives and oversees all facets

2023 REBNY AWARDS - Barry Gosin

This leadership award, first bestowed in 2003, is presented to REBNY members who have displayed exceptional service to the real estate industry and professional accomplishments over the course of distinguished careers.

Clarion Partners announces series of upgrades and renovations to 114 W 41st St.

Clarion Partners has announced a series of upgrades and improvements at 114 W 41st St. off Bryant Park. The renovations are intended to create more sophisticated, modern, and functional common areas and amenity

Invictus and Stav complete $3.75 million sale of 48 Somers St.

Brooklyn, NY Invictus Property Advisors (“Invictus”) and Stav Equities (“Stav”) have completed the sale of a block-through development site on 48 Somers St. for $3.75 million. The property, located within an Opportunity Zone and eligible for the 421A Tax Abatement (421A), attracted a significant amount of interest from developers looking to build rental product and comply with 421A by completing construction by June 15,

Crowley elected president and CEO of Building Trades Employers Association

Manhattan, NY Elizabeth Crowley, a former New York City Council member, will succeed Lou Coletti as president and CEO of the Building Trades Employers Association (BTEA). Crowley, who worked as a union restorative painter on prized landmarks before serving in the Council,

Leaders of NYC real estate, business and government gather at the REBNY Annual to celebrate industry and civic leadership

The Real Estate Board of New York (REBNY) last night hosted more than 1,000 leaders of real estate, business and government at the REBNY Annual – the premier networking event for New York City’s real estate industry

Executive of the Month: Christopher Stout, principal of StoutCap

I got started in real estate investing in my early 20s when I purchased my first rental property. At the time, my main goal was to save money and build wealth by investing in a tangible asset that I could see and touch. I saw real estate as a way to create

Walker & Dunlop arranges $131 million construction financing for Werwaiss Properties

Long Island City, NY Walker & Dunlop Inc., New York Capital Markets team arranged a $131 million construction loan for 23-10 42nd Rd. a 35-story, residential development situated at the convergence of the Court Sq. and Queens Plaza subdistricts.