Front Section

GTL Construction hires Polsky as new CFO

White Plains, NY GTL Construction has announced the addition of Gary Polsky as their new chief financial officer. He will be responsible for the oversight of day-to-day accounting and financial operations as well as creating budgets

MRA and Angelo Gordon acquire 135,000 s/f of industrial assets $28.3 million

Ronkonkoma, NY Metropolitan Realty Associates (“MRA”), in partnership with Angelo Gordon, has acquired two industrial properties for $28.3 million. The properties -- located at 195 13th Ave.

Tishman Speyer and Project Destined launch first Global Partnership

New York, NY Tishman Speyer has announced an agreement to serve as the first-ever Global Partner with Project Destined, a social impact platform that provides students in underserved communities with training in financial

REZI secures $100 million from Stratos to expand nationwide

New York, NY REZI, a real estate technology company offering "Occupancy-as-a-Service" for rental property owners, has secured $100 million in debt financing from Stratos Credit, according to Sean Mitchell, CEO & co-founder

IIDA NY held 20th anniversary of Color Invasion

Manhattan, NY The International Interior Design Association’s New York Chapter (IIDA NY) held the 20th anniversary of Color Invasion, an industry networking and fundraising event. Held in Manhattan’s Center 415, this year’s Color Invasion

G2D Group brings WorkSmart to Long Island

Port Washington, NY A new collaborative shared workspace is making its debut in Port Washington in January 2023, ushering in a new era of the modern office. Developed by Long Island-based G2D Group, WorkSmart offers flexible

JLL arranges $387.5 million sale of 685 1st Ave. multi-housing for Solow Building Company

New York, NY JLL’s Capital Markets group closed the sale of a $387.5 million multi-housing community comprised of 408 market-rate units and 9,693 s/f of commercial space located at 685 1st Ave. in the Murray Hill neighborhood of Manhattan. 685 1st Ave. is part of a larger, six-property,

Cosentino and Norris of TerraCRG sell $2.85 million mixed-use building

Brooklyn, NY TerraCRG has closed on the $2.85 million sale of 684 Central Ave. in Bushwick. TerraCRG partner Matt Cosentino and senior associate Rémi Norris exclusively represented the seller. The 5,280 s/f  renovated property is comprised of five residential apartments,

Executive of the Month: Thomas Gallin, Jr. eighth president of oldest family-owned and operated construction management firm in the country

New York, NY Over forty years ago a young Tom Gallin sat in a work van with a carpenter named Stam. It was a sweltering summer day, and Tom was tagging alongside him to see some jobsites.

Keeping regulated units vacant - by Aaron Weber

With over two million renters, NYC has the most stringent housing regulations in the country. The Housing Stability and Tenant Protection Act (HSTPA) of 2019 added more red tape for property owners when it dramatically reduced an owner’s ability to increase rent based on an Individual