Category: Owners Developers & Managers

Real estate developers operating in New York State know that the high cost of taxes and regulatory compliance can be major obstacles to new construction and redevelopment. To address these challenges, New York has established a network of local Industrial Development Agencies (IDAs) and economic development authorities empowered to offer meaningful incentives to stimulate private investment. Created under the General Municipal Law and Local Authorities Law, IDAs provide a variety of financial tools — including tax abatements

Yonkers, NY After 15 years in the making, the demolition of the final building of the former Cottage Gardens Housing Complex took place on March 20 to make room for Willow at the Ridgeway, a new community featuring a new 8-story, all-electric, 100% affordable building with 92 units for seniors.  Attending the demolition were officials from the City of Yonkers, Yonkers Housing Authority

Brooklyn, NY The partnership team of Ailanthus, BEB Capital, and SK Development, revealed project renderings for One Sunset, a 193,000 s/f, 14-story, 187-unit mixed-income housing and retail development located at 201 East 25^th St. in the Sunset Park neighborhood. 

Brooklyn, NY Haussmann Development has launched leasing at The Eve, a seven-story, mixed-income residential building located at 827 Sterling Pl. in Crown Heights. The development introduces 76 new apartments to one of Brooklyn’s most in-demand neighborhoods, including studios, one- and two-bedroom layouts, and duplex residences.

Manhattan, NY Nickerson, a global full-service branding, marketing, PR and communications agency, has welcomed Magnolia (Maggie) Dow-Moore as associate director of real estate, PR and communications. In this new role, Dow-Moore will be integral in helping lead and manage Nickerson’s real estate accounts, driving strategic communications and positioning for the companies’ diverse portfolios of properties.

Brooklyn, NY Triangle Equities and The Michaels Organization, alongside partners Geolo Capital and Helaba Bank, have launched residential leasing at the newly branded “Maxwell Downtown Brooklyn,” a 40-story, class-A, mixed-use residential high-rise tower at 111 Willoughby St. Concurrently with the launch of residential leasing,

Brooklyn, NY According to Two Trees Management, a family-owned, Brooklyn-based real estate development firm, over 99% of rental units in One Domino Square, Williamsburg’s tallest residential building, have been leased since the building’s launch less than a year ago.

New Rochelle, NY Encore, a 29-story residential tower featuring 241 luxury residences and amenities, has leased 95% of its units and unveiled its exclusive spa amenity. “We are delighted by the overwhelming response Encore has received from people looking for a luxurious residence with unmatched amenities and services with a convenient location in the heart of downtown New Rochelle,

Brooklyn, NY Naftali Group, along with Access Industries, a U.S.-based private holding company with global strategic investments, has entered into an agreement with chef Eyal Shani and Good People Group, a global restaurant group founded by Shani and restaurant visionary Shahar Segal, to introduce a new restaurant concept at Williamsburg Wharf,

Westchester, NY The Westchester Children’s Association (WCA), an advocate for the county’s youth, has released its quarter Poverty Pulse report offering real-time insights into the state of poverty in the county. 

Manhattan, NY In recent years, the pandemic and the subsequent return-to-office transition have emphasized the importance of amenities in the workplace. The New York chapter of Professional Women in Construction (PWC-NY) recently brought together top industry leaders for an owner/developer panel discussion on “Amenities in Focus” to look at reimagining workspaces to meet this new priority.

In today’s dynamic real estate landscape, a deep understanding of financial concepts isn’t just advantageous – it’s essential for maximizing portfolio value and driving income. IREM recognizes this critical need and offers ASM603, Financing and Loan Analysis for Investment Real Estate, a cornerstone course designed to equip you with the knowledge and tools to excel.