Category: Owners Developers & Managers

Bronx, NY Developers Asland Capital Partners (Asland) and Pembroke Development (Pembroke), alongside housing agency leaders, elected officials, and project partners, celebrated the official opening of the Park Lane Senior Apartments, located at 1940 Turnbull Ave. in the Soundview neighborhood.

Manhattan, NY A10 Capital LLC (A10), a nationwide direct lender and rated servicer of bridge and life company commercial real estate loans, has closed on a $200 million capital facility with Crayhill Capital Management LP

Manhattan, NY Genesis Companies and Lemor Development Group arranged the financial closing for the Frederick Samuel Apartments, a $383.6 million Permanent Affordability Commitment Together (PACT) project with the New York City Housing Authority (NYCHA) that will bring repairs to more than 1,200 residents.

Manhattan, NY “With great sadness, we share with you that Joseph Cotter passed away suddenly from a heart attack on Friday October 25, 2024 at home in his beloved New York City. Cotter, at 66, accomplished so much, developing visionary projects in places and communities that he believed in.

Fishkill, NY Toll Brothers, Inc. has released its final condominiums for sale at Van Wyck Mews. This final building of 20 luxury condos in this community offers quick move-in homes with designer appointed features that will be move-in ready in spring 2025. 

Manhattan, NY Naftali Group, a privately held global real estate development and investment firm based in New York, has launched sales at The Henry, a new luxury condominium building on the Upper West Side that reflects the heritage and architectural prestige of the neighborhood.

All of the recent talk about interest rates reductions is making some developers wonder if C-PACE financing will enhance their capital stacks. Since March 2022, when interest rates began their climb, more than a dozen states have improved or created C-PACE programs.

It’s no secret that the hybrid work revolution has upended the office real estate industry. In the hopes of attracting new tenants, some landlords have tried to make their buildings stand out by taking vacant spaces and building out new amenities.

As regulations in the tri-state area continue to evolve, property owners and managers are facing significant deadlines for building inspections aimed at safeguarding public safety.

Manhattan, NY Carthage Real Estate Advisors, an MBE residential development company, hosted a celebratory ribbon-cutting event with elected officials and celebrities on October 29^th. 

Brooklyn, NY Tankhouse launced sales for 144 Vanderbilt in the Fort Greene neighborhood. Designed by architecture firm SO – IL, 144 Vanderbilt will feature a limited collection of 26 condominiums, over 11,000 s/f of private amenity space and 3,422 s/f of retail space

Manhattan, NY ERG Commercial Real Estate has sourced a $4.65 million refinance loan on a midtown office building at 150 West 36^th St. The five-story, 13,000 s/f building, with ground floor retail, is located between Sixth and Seventh Aves.