New York Building Congress welcomes board of directors’ class of 2025 & 2025 Emeriti

New York, NY At the annual membership meeting & construction industry luncheon, the New York Building Congress welcomed members to its board of directors’ class of 2025, its 2025 Emeriti, and acknowledged two retirements.

Meridian Capital Group arranges $44.5 million in financing for The Hotel @ Times Square

Manhattan, NY Meridian Capital Group has arranged $44.5 million in financing to refinance The Hotel @ Times Square, a 213-key hotel property

Question of the Month: What is a Uniform Land Use Review Procedure (ULURP)? - by Christopher Wright

The New York City Zoning Resolution was enacted in 1961 to provide the city with a comprehensive urban planning scheme consisting of different zoning designations based on a property’s location within a neighborhood. The drafters of the Zoning Resolution understood that NYC’s urban landscape would evolve over time.

Camber Property Group closes on 187 units totaling $56.4 million in Bronx properties

Bronx, NY Camber Property Group has closed on two 100% affordable properties, preserving and extending affordability for 187 units totaling $56.4 million, furthering its impact-driven investment strategy and Environmental, Social and Governance (ESG) focus.

Denham Wolf Real Estate names Innocent and Turner as new shareholders

Manhattan, NY Denham Wolf Real Estate—as it celebrates its 25^th anniversary—named Ronzard Innocent and Christopher Turner as shareholders of the firm. Their new roles as managing directors and principals reflect their promotions from their respective roles as director of project management and director of transaction services.

John Marshall Media signs 4,944 s/f 10-year lease renewal at 630 Ninth Ave.

New York, NY Multi–Grammy Award-winning production studio John Marshall Media has signed a ten-year lease renewal for its 4,944 s/f on the 11^th floor of 630 Ninth Ave., also known as the Film Center Building, with GFP Real Estate, LLC.

Blumenfeld Development Group signs Centers Urgent Care to 10-year lease at The Crossings

Syosset, NY The Blumenfeld Development Group (BDG) arranged the 10-year lease signing with Centers Urgent Care, a Medical Care company, at The Crossings in Hunts Point. The 2,000 s/f urgent care facility is scheduled to open in the summer of 2023.

ERG Commercial R.E. sells two adjacent multifamily buildings for $4.55 million

Yonkers, NY ERG Commercial Real Estate has sold two adjacent multifamily buildings for $4.55 million. The four-story buildings, at 502 and 508 Van Cortlandt Park Ave. in the McLean Heights neighborhood, features 46 units, totaling 38,948 s/f. The buildings were built in 1927 and 1922.

Manhattan office market posts mixed results in Q4 2022 according to TRS research

New York, NY The Manhattan office market posted 5.9 million s/f in leasing activity in the fourth quarter of 2022, bringing the 2022 total to 29.7 million s/f, 8% higher than the 2021 figure, according to research from Transwestern Real Estate Services (TRS).

Grassi Advisors & Accountants promotes four principals to partner

Jericho, NY Grassi Advisors & Accountants has promoted four principals to partner. Timothy Coners, CPA, MST advises clients on tax planning, projections and compliance on the federal, state and local levels.