Category: Owners Developers & Managers
Life insurance liquidity: Critical component of an overall estate/financial plan for real estate ow...
July 2, 2019
Estate tax with an effective rate of taxation approaching 50% in larger estates, causes many real estate families concern. Life insurance is often considered as part of an overall plan to supply liquidity/cash at the inevitable death of an owner. The transfer tax from one generation to another ...
Con Ed steps up to plate with limited-time offer: Enhanced incentives for C&I qualified buildings - ...
July 2, 2019
Con Ed has stepped up to the plate and is offering, for a limited time period, enhanced incentives (double or triple existing incentives) for buildings that qualify for their C&I program. Buildings in this incentive program include assisted living facilities, hotels, and hospitals, as well as commercial and industrial buildings.
3 World Trade Center: Beyond the glass - by Aaron Twersky
July 2, 2019
I was fortunate to be a part of a 20-person building tour of 3WTC, arranged by BOMA NY. Arriving at the WTC Transportation Hub’s Oculus is like entering a new world of urban luxury. The largess is jaw-dropping and equally remarkable is the seamless flow of people.
Greater N.Y. IREM annual rooftop cocktail party at 230 FIFTH; Event sponsored by Mackel of HD Supply...
July 2, 2019
New York, NY IREM NYC hosted their annual rooftop cocktail party on Wednesday, June 23rd at 230 FIFTH. The event was so popular this year, that it sold out! Though the weather forced them to leave the rooftop views for another day, the crowd had a great time!
ACEC NY honors ACE Mentor of Greater NY with Chairman’s Award; Engineer of the Year is Gozdziewski...
July 2, 2019
New York, NY The American Council of Engineering Companies of NY (ACEC NY) presented the 2019 Chairman’s Award to the ACE Mentor Program of Greater NY. This award was presented at the council's annual meeting and awards luncheon at the Union League Club on June 5th.
Jungreis of Rosewood completes $9.6 million sale of 54-unit Fordham Heights building
June 18, 2019
Bronx, NY Rosewood Realty Group has completed the $9.6 million sale of a 54-unit Fordham Heights multifamily building. The five-story walk-up at 2474 Valentine Ave. (between East Fordham Rd. and East 188th St.), sold for 11 times the total rent roll. All of the apartments are rent stabilized.
OC Development Management at halfway
mark of 368 Ninth Avenue redevelopment project
June 4, 2019
Manhattan, NY OC Development Management (OCDM), a New York-based development management firm specializing in turn-key project management and construction management services, is nearing the halfway mark of construction on the base building redevelopment of 368 Ninth Ave.
Starwood Capital reaches agreement to develop 147,000 s/f mixed-use opportunity zone in the Bronx
June 4, 2019
Bronx, NY According to Starwood Capital Group, a global private investment firm focused on real estate and energy investments, an affliate has reached an agreement to develop a 147,000 s/f mixed-use facility in a designated opportunity zone.
NYCEDC, HPD, HDC, BRP and Urbane break ground on Caton Flats; Team includes: Freeform+Deform and Mag...
June 4, 2019
Brooklyn, NY The New York City Economic Development Corp. (NYCEDC), Department of Housing Preservation and Development (HPD), Housing Development Corp. (HDC), BRP Companies and project partners broke ground on Caton Flats...
Doe Fund breaks ground on 90-unit affordable/supportive housing development; Designed by MHG archite...
June 4, 2019
Bronx, NY On Wednesday, May 22nd, New York City-based non-profit organization The Doe Fund broke ground to launch the construction of 90 units of affordable and supportive housing at 555 Nereid Ave., located in the Wakefield section.
Fisher House Foundation opens two new homes in the Bronx
June 4, 2019
Bronx, NY A dedication ceremony for the first Fisher Houses in New York City was held on May 22nd. The two new homes will be dedicated by Department of Veterans Affairs (VA) secretary Robert Wilkie, chairman and CEO of Fisher House Foundation,
Ceruzzi Properties launches sales at The Hayworth
June 4, 2019
Manhattan, NY Ceruzzi Properties’ The Hayworth, located at 1289 Lexington Ave. on the northeast corner of 86th St., has launched the sales of its 61 condominiums. The architect for the 21-story project was HOK.
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