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NY RISING COMMUNITY RECONSTRUCTION PLAN FOR GRAVESEND/BENSONHURST RECEIVES RISING TO THE TOP AWARD FOR “BEST INCLUSION OF VULNERABLE POPULATIONS”
Perkins Eastman and affiliate BFJ Planning are proud to announce that Governor Andrew Cuomo’s Office of Storm Recovery (GOSR) has awarded the NY Rising to the Top Award for “Best Inclusion of Vulnerable Populations” to the NY Rising Community Reconstruction (NYRCR) Plan for Gravesend and Bensonhurst, which was completed by the Perkins Eastman/BFJ team last January. The award secures $1 million in additional funding to implement community-specific recovery efforts in the two South Brooklyn communities.
Rose Secures Financing for the Development of 7 West 21st Street
Rose Associates announced today that it has closed a $182 million loan funded by the issuance of bonds provided by the New York State Housing Finance Agency for the development of a new luxury rental property in Manhattan. The bonds were purchased by Wells Fargo, M&T Bank, and TD Bank. The loan will facilitate the construction of 7 West 21st Street, an 80/20 development led by New York City-based Friedland Properties
Meridian Capital Group Arranges $27.5 Million in Bridge Financing for Brooklyn Development Site
Meridian Capital Group, America’s most active debt broker, negotiated a $27.5 million bridge loan for the development site at 77 Commercial Street in Brooklyn, NY on behalf of the Chetrit Group and Clipper Equity.
Spring sales and price growth continue in the New York State housing market
Home sales and selling prices continued on an upward trend in April, according to the housing market report released today by the New York State Association of REALTORS. The April 2015 sales total of 7,207 units was up 1.3 percent from April 2014.
NY State Appellate Court Hears Arguments in Case against NYC Department of Buildings for Circumventing Building Code & Safety Provisions
The New York State Supreme Court Appellate Division heard oral arguments on Thursday in the Mechanical Contractors V. NYCDOB, Case No. 13-10093, regarding controversy over whether the NYC Department of Buildings (DOB) has the legal authority to ignore Building Code requirements when buildings are constructed modularly. This includes the largest Lego-style modular construction project in North America located at Brooklyn’s Atlantic Yards (now rebranded as Pacific Park), a 32-story, 363 unit residential building.
Randy Blankstein, President of the Boulder Group, to Co-Chair IREI Triple Net Investor Strategies Conference
Randymain reducedRandy Blankstein, President of national net lease advisory firm The Boulder Group, will be the conference co-chair of Institutional Real Estate, Inc.’s Triple Net Investor Strategies Conference in New York on June 16th, 2015. Additionally, he will be moderator for the Exit Strategies panel that will be a part of the conference. The conference description is as follows: Triple Investor Strategies is designed to provide insights into strategies, opportunities, trends and risk management for the investor community in a forum that connects these investors with owners, operators, developers and other key players in an interactive environment.
REBNY’s Summer Donation Drive Aids Elderly Victims of Hurricane Sandy
NEW YORK, NY - October 24, 2013 - (RealEstateRama) -- The Real Estate Board of New York (REBNY) partnered with the NYC Department for the Aging for its 5th Annual Summer Donation Drive, which received more than 400 battery-operated and hand-cranked radios, whistles and batteries from REBNY members. The items will be distributed to senior citizens through the New Dorp Beach Senior Center Friendship Club on Staten Island, which was devastated by Hurricane Sandy.
The Hampshire Companies Sells Retail Building in Upstate New York
Oneonta, N.Y. - August 15, 2013 - (RealEstateRama) -- The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced the sale of a 12,000-square-foot retail building located at 99 Chestnut Street in Oneonta, New York, to QB Associates, LP. The building is fully leased to Walgreens, the largest drug retailing chain in the United States.
Museum of the City of New York Hosts Adapt: Micro-Units in New York City on Thursday
New York, N.Y. - April 16, 2013 - (RealEstateRama) -- The Museum of the City of New York, which recently opened Making Room: New Models for Housing New Yorkers, will host a panel of urban planners and experts – including New York City Housing Commissioner Mathew Wambua – on Thursday, April 18, 2013.
THE MOINIAN GROUP GETS ‘F’ FROM NEW YORKERS
New York City - February 7, 2013 - (RealEstateRama) -- Hundreds of supporters joined elected officials, construction, building operations, and maintenance workers to give The Moinian Group failing grades on tenant relations, safety, financial stability, vendor relations and good jobs at the corner of Broadway and Barclay streets
Jones Lang LaSalle Inks 6 Deals Totaling 17,105 SF for Owners of 400 Madison Avenue
NEW YORK, NY - June 26, 2012 - (RealEstateRama) -- Jones Lang LaSalle has completed six transactions totaling 17,105 square feet of commercial office space for William Macklowe Co. at 400 Madison Avenue. The firm completed four new, direct deals and two lease extensions at the Class A, 200,000-square-foot commercial office building.
ARIEL PROPERTY ADVISORS SELLS RETAIL PROPERTY FOR $3.4 MILLION
NEW YORK, NY - June 15, 2012 - (RealEstateRama) -- Ariel Property Advisors has sold a Central Harlem retail property leased by Citibank for $3.4 million. Exclusive agents Victor Sozio, Shimon Shkury, and Michael Tortorici handled the sale for a private owner. The property was sold to a private investment group that operates multiple retail locations throughout the country.
Empire State Building Saves $2.4M in First Year of Energy Efficiency Plan
NEW YORK, NY - June 14, 2012 - (RealEstateRama) -- One year after an innovative building retrofit project, the Empire State Building is ahead of plan and has exceeded its year one energy-efficiency guarantee by 5 percent, saving $2.4 million and establishing a commercial real estate model for reducing costs, maximizing return on investment, increasing real estate value, and protecting the environment.
NYC MULTIFAMILY TRANSACTIONS JUMP 29 PERCENT IN APRIL
NEW YORK, NY - June 14, 2012 - (RealEstateRama) -- New York City multifamily transaction volume rose 29 percent in April 2012 compared to April 2011, but year-over-year dollar volume fell by 18 percent, according to Ariel Property Advisors’ Multifamily Month in Review: New York City.
MIDTOWN APARTMENT BUILDING WORKERS, TENANTS AND ELECTED OFFICIALS RALLY TO MARK ONE YEAR ON STRIKE
New York, NY - June 8, 2012 - (RealEstateRama) -- As a strike by doormen and porters at a 130-unit tower in Midtown reaches its one-year anniversary this week, dozens of tenants, elected officials and supporters rallied today to support the workers.
Corcoran Sunshine Marketing Group Announces
NEW YORK, NY - June 6, 2012 - (RealEstateRama) -- Elaine Diratz, managing director at Corcoran Sunshine Marketing Group, announced sales of over $59 million at 515 East 72 in the past 90 days. Corcoran Sunshine Marketing Group is the exclusive sales agent for 515 East 72, a luxury condominium building between York Avenue and the East River on the Upper East Side of Manhattan. Residences sold in the price range of $633,000 to $4.8 million.
NYC MULTIFAMILY SALES REMAIN STRONG IN MARCH
NEW YORK, NY - May 15, 2012 - (RealEstateRama) -- New York City multifamily sales remained strong in March, maintaining a healthy level of consistency from a very active February, according to Ariel Property Advisors’ Multifamily Month in Review: New York City.
ARIEL PROPERTY ADVISORS SELLS 70-UNIT, THREE-BUILDING PORTFOLIO FOR $8.9 MILLION
NEW YORK, NY - May 2, 2012 - (RealEstateRama) -- Ariel Property Advisors has announced the closing of three adjoining buildings at 546-52 West 146th Street in West Harlem for $8.9 million.
Michael Berne and Richard Donohue To Head Seniors Housing/Healthcare Brokerage at Lee NYC
Torrance, CA - April 26, 2012 - (RealEstateRama) -- With a “full steam ahead” mantra and no apparent signs of slowing down, Lee & Associates NYC has added yet another powerhouse industry duo to its ever-expanding roster of professionals. Michael Berne and Richard Donohue join the Manhattan office to spearhead its seniors housing and healthcare brokerage in an effort to branch out into new markets for Lee. Although the two industries were once unchartered territories for the firm, Berne and Donohue bring over 60 years of combined specialized experience to expand Lee’s repertoire of specialties and soon launch a dedicated national seniors housing/healthcare services group. Since its inception in November 2011, Lee & Associates NYC has recruited various key new hires like seasoned retail specialists Henry Goldfarb and Stanley Lindenfeld, Dennis Someck and brothers Robe rt and Mitchell Kunikoff. Over this time period, Lee’s New York office has brought on 22 new additions, currently making it a total of 32 brokers altogether.
Tenants & Neighbors and ALLIED ELECTED OFFICIALS RALLY TO protect rent controlled seniors
New York, NY - April 20, 2012 - (RealEstateRama) -- The New York State Tenants & Neighbors Coalition today joined with elected officials and allied organizations at a rally and press conference in support of critical legislation to protect seniors in rent controlled housing, A1892/S5699 (Rosenthal/Espaillat).