BOMA New York Forum Navigating Local Law 97: Strategies for commercial real estate

Manhattan, NY The Climate Mobilization Act (CMA) is the largest climate solution of any city in the world. Its centerpiece, Local Law 97 of 2019, requires that all New York City buildings larger than 25,000 s/f meet carbon reduction targets beginning this year, or face fines for non-compliance.

Entrepreneurship’s vital role in economic development for upstate New York - by Christa Ouderkirk Franzi

For decades, traditional economic development initiatives have focused on the attraction and retention of existing well-established businesses. Entrepreneurship, or the process of starting new businesses, was often considered not immediate enough to address the urgent demands of economic development.

Gelberg and IMC Architecture near completion
of The James - 11,300 s/f

Brooklyn, NY The project team of investor/developer Einav Gelberg, architect IMC Architecture and other partners celebrated the completion of the structural frame traditionally known as the topping out milestone – for The James, an eight-unit luxury condominium building at 258 Saint James Pl.

Douglaston Development tops out 474,000 s/f, 456-unit multifamily development

Brooklyn, NY Douglaston Development has topped out of 1057 Atlantic Ave., a 474,000 s/f, 17-story, 456-unit mixed-income multifamily rental development in the Bedford-Stuyvesant neighborhood. The development serves as one of the last new housing developments eligible

Slate Property Group with LibreMax Capital provides $60.25m loan to Ming’s Garden Realty’s development

Queens, NY Slate Property Group, in partnership with LibreMax Capital, has provided Ming’s Garden Realty LLC with a $60.25 million bridge loan for 26-01 4^th St. in Astoria. Ming’s Garden Realty, the project’s developer, will utilize the funds for the final stages

BREV, PCD Development, and Hines top out The Daymark at five stories

Sleepy Hollow, NY Developers Biddle Real Estate Ventures (BREV) and PCD Development, along with development manager Hines, has topped out The Daymark at five stories, representing a construction milestone for the new collection of condominium residences

AKRF acquires Engineering & Land
Planning Associates

Manhattan, NY AKRF, Inc., a multidisciplinary consulting firm based in New York City, has acquired the assets of Engineering & Land Planning Associates, Inc.(E&LP), bringing together two premier East Coast companies

The Moinian Group and Bushburg launch
leasing at 320-unit redevelopment

Brooklyn, NY The Moinian Group, a privately held real estate investment company, and real estate development and management company, Bushburg, have launched leasing at the 320-unit residential component of the overall redevelopment and expansion of The Empire State Dairy Company site project, located at 2840 Atlantic Ave. in Cypress Hills.

Camber Property Group breaks ground on Phase 1
of $76m affordable housing project

Bronx, NY On Friday, March 1, local elected officials and community leaders joined Camber Property Group for a groundbreaking ceremony for Phase 1 of Stevenson Sq., a $1 billion mixed-use 100% affordable housing development in the Soundview section at 1843 Seward Ave. (between Thieriot Ave. and White Plains Rd.).

Syska Hennessy Group appoints Victor innovations manager

Manhattan, NY Syska Innovations, a subsidiary of Syska Hennessy Group, has appointed David Victor as innovations manager based in New York City. In his new role, Victor supervises the expanding innovations program, which has more than 20 projects