BOMA NY elects new officers with Dolan of The Durst Organization as chair

Manhattan, NY BOMA New York, the city’s most influential commercial real estate trade organization, is proud to announce that Patrick Dolan, RPA, senior property manager at The Durst Organization and head of operations at One World Trade Center is the new chair of BOMA New York.

Lendlease, LMXD and Daiwa House Texas commence closings at Claremont Hall - designed by RAMSA

Manhattan, NY Lendlease, LMXD and Daiwa House Texas Inc. have commenced closings at Claremont Hall, the luxury condominium tower designed by Robert A.M. Stern Architects (RAMSA) in Morningside Heights. As the building wraps up construction,

L+M Development Partners and Services for the UnderServed secure $78m for Phase 2 housing dev.

Brooklyn, NY L+M Development Partners and Services for the UnderServed (S:US) have closed on a $78 million deal to develop Marcus Garvey Extension Phase 2 Building G in the Brownsville neighborhood. The project will feature 109 units, 55 of which will be supportive housing

Monadnock Development, CB Emmanuel and Equity Developers close $256 million finance

Brooklyn, NY Monadnock Development, CB Emmanuel Realty, and Equity Developers closed on $256 million in financing for the development of Utica Crescent, an affordable housing project in East Flatbush, that will transform an underutilized parking lot

Wells Fargo CLI arranges $359m in financing
for 880-unit housing

Queens, NY Wells Fargo’s Community Lending and Investment (CLI) has arranged a total of $359 million in financing for one of the largest, 100% affordable housing development in New York City in 40 years. Willets Point Phase 1A is an 880-unit

Slate Property Group and RiseBoro Community Partnership to
convert hotel to housing under HONDA program

Queens, NY Slate Property Group and its non-profit partner RiseBoro Community Partnership completed their acquisition of the former JFK Hilton Hotel, marking a major milestone in converting the first former hotel into permanently affordable housing through New York’s Housing Our Neighbors with Dignity Act (HONDA).

Rose Associates appoints two managing directors

Manhattan, NY Rose Associates, Inc. has appointed two new managing directors. Roseann Coraci has been promoted to managing director of multifamily and Christopher Blackman has been hired as managing director of information technology. An industry veteran with nearly two decades of property management experience

Bradford Allen Hospitality
acquires two hotel properties

Riverhead, NY Bradford Allen Hospitality has acquired two adjacent hotel properties on Long Island, a 131-suite Residence Inn by Marriott located at 2012 Old Country Rd. and a 114-key Hilton Garden Inn at 2038 Old Country Rd.

FirstService Residential names Dunmore president of New York operations

Manhattan, NY FirstService Residential, the leading residential property management company, appointed Steve Dunmore president of its New York operations. In this role, Dunmore will oversee all aspects of FirstService Residential’s New York operations, leading a team of over 500 property management professionals across the metro area.

Skanska completes first phase of East River Waterfront Esplanade

Manhattan, NY Skanska has completed the first phase of the East Midtown Waterfront Esplanade and East River Greenway development along FDR Dr. The project, awarded to Skanska by New York City Economic Development Corp. (NYCEDC) in 2019