Deals & Dealmakers
Besen partner planning to convert CT property
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JLJ Capital has closed on a transaction to provide $2 million in preferred equity financing for the purchase of a Class A owner-occupied building in New
Deals & Dealmakers
RAB strikes contract deal with building service workers
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The Realty Advisory Board on Labor Relations (RAB) has reached a tentative labor agreement with 32BJ, the union representing commercial building service
Green Building
Appointees announced for City’s Climate Advisory Board
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Mayor Bill de Blasio and Speaker Corey Johnson announced today the appointment of fifteen individuals to the New York City Climate Advisory Board ahead
Residential
NAR: No recession on this horizon
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A group of top economists arrived at a consensus 2020 economic and real estate forecast at the National Association of Realtors’ first-ever Real Estate
Construction & Design
Dattner to turn medical center into affordable housing complex
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Kingsbrook Medical Center will be redeveloped as a 266-unit affordable housing complex Dattner Architects has been selected to design Kingsbrook Estates
Deals & Dealmakers
$68M Greystone loan will protect affordable housing for seniors
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Greystone has provided a $68,500,000 Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance a Section 8 seniors housing property.
Featured
Catsimatidis giving Amazon a supermarket run for its money
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John Catsimatidis, owner of the Red Apple Group, which operates the Gristedes chain of supermarkets, has been quietly growing his empire.
Construction & Design
Ground broken for life sciences facility in Long Island City
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Rendering of the new lab facility King Street Properties and GFP Real Estate have broken ground for Innolabs, a new state-of-the-art life sciences facility
Deals & Dealmakers
TRANSACTIONS: GCP Capital Group places $66,450,000 in aggregate financing
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Dansker Realty Capital LLC provided an acquisition bridge loan of $1,050,000 for the purchase of a fully occupied mixed use property on 4th Avenue
Deals & Dealmakers
$19M Bronx co-op loan
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Knighthead Funding LLC has provided a New York-based investor group with a $19.1 million senior loan to refinance a portfolio of 156 unsold co-op
Construction & Design
Museum opens at historic property
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Fotografiska New York, the new destination for photography and culture in the Flatiron District, opened to the public last weekend. Located at 281 Park
Construction & Design
Building skills program helps trainees land 335 jobs
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The growing program is helping more and more minority underemployed workers. Building Skills New York (BSNY), a non-profit that connects underserved New