Category: Owners Developers & Managers

Bronx, NY Construction has started on two buildings at La Central, a $335 million, 1.1 million s/f mixed-income project. NYC and NYS officials joined the leaders of BRP Cos., Hudson Cos., ELH-TKC, Breaking Ground, Comunilife and the YMCA of Greater New York and other project partners to celebrate the groundbreaking.

New York, NY Paul Steenson was recently appointed director of development at Townhouse Management Co., a third-generation real estate company that acquires, develops and manages residential, commercial, retail and mixed-use properties throughout the New York metropolitan area.

Manhattan, NY According to Ceruzzi Holdings LLC, construction is underway at 147-151 East 86th St., its 18-story, 210-ft. mixed-use development in partnership with Kuafu Properties. Construction financing has been provided by TCI Fund Management Ltd. and arranged by Holliday Fenoglio Fowler, L.P. (HFF).

Manhattan, NY Real estate property and asset manager WayFinderPM just hosted the Q1 2018 WayFinderPM Developers’ Summit. The latest event in the ongoing series of lectures, discussions, and presentations aimed to educate both domestic and international property professionals and investors on the current legal, financial, and political issues impacting the NYC’s real estate industry.

The preservation of affordable housing in NYC will always be an enormous challenge. Not only is New York one of the most expensive cities in the world, with very little room left to build, it is being constantly reinvented. Neighborhoods that a decade ago were neglected, or primarily heavy industry, become today’s hottest residential markets, with rents rising higher than anyone can predict.