IREM NYC president Powell installs new members

Manhattan, NY IREM NYC chapter president Randall Powell, CPM had the honor of installing newly-certified members at the annual rooftop cocktail party at 230 Fifth. With a crowd of over 100 listening, Powell read IREM’s Code of Professional Ethics

GMDC, The Bridge, and Mega Development complete
$118m mixed-use housing and industrial development

Brooklyn, NY Greenpoint Manufacturing and Design Center (GMDC), The Bridge, and Mega Development held a ceremonial ribbon-cutting for the first new, mixed-use residential and industrial development in Brownsville. The $118 million project reimagines the former Fox’s U-Bet Chocolate Syrup factory on Rockaway Ave.

TF Cornerstone launches first phase of leasing at 2-20 Malt Drive - 575 units

Queens, NY TF Cornerstone (TFC) has launched leasing at its newest development on Malt Dr. Spanning 1.43 million s/f, the two-building, three-tower development is the firm’s ninth residential waterfront project to rise in the desirable Hunter’s Point South neighborhood.

Napolitano joins MRI Software as VP, product innovation

New York, NY MRI Software has appointed Robb Napolitano as vice president, product innovation. In this role, Napolitano will spearhead the continued growth and evolution of MRI’s affordable and public housing solutions, including the recently launched MRI PHA Pro, an integrated solution for public housing and voucher management compliance.

The Doe Fund with Robert Sanborn Development open 98 affordable apartments

Bronx, NY The Doe Fund, a homeless services nonprofit with an award-winning portfolio of affordable and supportive housing, has received a Temporary Certificate of Occupancy (TCO) for its newest residence — certifying that the building is in working order and tenants can begin moving in.

RockFarmer Properties appoints Krantz head of capital markets

Douglaston, NY RockFarmer Properties, a fully integrated real estate development and investment firm, appointed David Krantz as the company's new head of capital markets. With over 22 years of experience in the real estate industry, Krantz brings a wealth of knowledge

ERG Commercial brokers $7.5m loan for Skyland Management

Manhattan, NY ERG Commercial Real Estate brokered a $7.5 million bridge loan to allow the borrower, Skyland Management, to refinance existing debt on three adjoining vacant lots. The consecutive lots, 120-124 Lexington Ave., totaling 4,647 s/f,

Appraisals supporting conservation easements are in the crosshairs of the IRS - by David Wilkes

Restrictions placed on the use of land or buildings for conservation purposes have for many years been driven in part by syndicated conservation easements, in which a pass-through business entity acquires real property on behalf of investors, makes a conservation contribution to a qualified organization,

Executive of the Month: Q&A with David E. Gross,
AIA, Executive Partner at GF55 Architects

David E. Gross, AIA, Executive Partner at GF55 Architects, inspires through his leadership, innovation, and dedication to design solutions. His legacy extends beyond the individual buildings that his firm has created – to the neighborhoods that have been shaped by GF55.

The Domain Companies to open The Shop at 420 Carroll in early 2025

Brooklyn, NY The Domain Companies’ development The Shop Workspace will open in early 2025 at 420 Carroll, a mixed-use, mixed-rate development that will bring 360 new homes to Gowanus following the 2021 rezoning. The Shop is a coworking community