Queens, NY Brisa Builders Development LLC and PMG Affordable have secured $51.7 million in financing for 19-19 Cornaga Ave., a nine-story, 92-unit affordable housing project designed by Paul Castrucci Architects and located in the Downtown Far Rockaway Special
Manhattan, NY Bradford Allen negotiated the completion of 50,000 s/f of new leases at 750 Lexington Ave. in the Plaza District. Glenn Isaacson, the firm’s New York market leader, and Tony Builder, senior associate, represented building owner Cohen
Bronx, NY Amit Doshi and Shallini Mehra have closed the sale of two fully rent-stabilized elevator buildings, marking the first change in ownership in 60 years. The properties, located at 1930 Anthony Ave. and 1475 Wythe Pl., are well-maintained assets situated in the mid-section of the city.
White Plains, NY The Bronx Chapter of the Hudson Gateway Association of Realtors (HGAR), will celebrate the 10th anniversary of its “Bowling with the Bronx” event on April 8, from 6:30 to 9:00 PM at Bowlero.
Yonkers, NY Callahan Construction Managers (Callahan) has completed construction of the new Alexander Crossing apartment community. The seven-story project was developed by Rose Associates and designed by Perkins Eastman.
Today’s banking environment for commercial real estate can be defined as a period of low liquidity and lingering distress. Much of this distress is due to banks having made aggressive loans in the COVID era, coupled with the functional obsolescence of many
Brooklyn, NY The Capital Services Group for Ariel Property Advisors (Ariel) arranged nine separate financing transactions totaling more than $27 million for properties in Brooklyn, Upstate New York, Connecticut, Pennsylvania, Texas and New Mexico. These
New York City real estate owners and developers have long asked us about transferring unused development rights from an individual landmark to a site across the street, through a 74-79 Special Permit issued by the City Planning Commission (CPC). While these transfers have
Uniondale, NY McHugh Furnishings, a provider of specialty furnishings for education, healthcare, entertainment, and multifamily housing has acquired Professional Furnishings & Equipment (PFE), a Buffalo-based company with additional offices in Syracuse and
While real estate professionals should be familiar with the term “estoppel,” the legal doctrine of estoppel has a surprisingly wide reach. Estoppel is a legal principle that prevents someone from denying a fact that they previously agreed to. In real estate,
Manhattan, NY Silverstein Properties signed a relocation agreement with the German American Chamber of Commerce in New York (GACC NY) at 120 Wall St. Established over 75 years ago to promote commerce between Germany and the United States,
Manhattan, NY Capitol Fire Sprinkler has been retained for a second project at the 92nd St. Y. The fire protection firm is providing system upgrades at the cultural and education center, located at 1395 Lexington Ave.