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How to deregulate regulated units in light of recent legislation
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By Andrew Levine & Josh Lipton, Invictus Property Advisors  June 15, 2019 may come to be remembered as doomsday by the New York City real estate community.
Construction & Design
Cuomo invites plans for newest WTC highrise
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Governor Andrew M. Cuomo today announced the request for proposals to develop World Trade Center Site 5, one of the last two remaining undeveloped World
Retail
Dutch dresser creates a Brookfield Place flagship
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Brookfield Place announced that Suitsupply has expanded its store in the downtown shopping center. MICHAEL GOLDBAN The retailer added 3,903 s/f to its
Retail
RETAIL: Bareburger returns to Chelsea
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Bareburger returns to Chelsea After closing their previous Chelsea locations, Bareburger will be opening a new location at 184 Eighth Avenue under the
Deals & Dealmakers
Enterprise in $82M deal to build Morrisania senior homes
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Enterprise Housing Credit Investments announced an $82 million deal to acquire 1080 Washington Avenue in the Morrisania neighborhood of the Bronx and construct
Deals & Dealmakers
JLL to use Google Cloud for new AI app
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JLL has introduced JiLL, an AI-powered, conversational smartphone app that can help employees streamline their work and be more productive.
Debt & Equity
TRANSACTIONS: Meridian Capital places $23,250,000 mortgage on NJ multifamily
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Eastern Union Funding announced the following transactions: • A $21,000,000 first lien mortgage for the acquisition of a 266-unit multifamily
Debt & Equity
L+M secures funding for Sect. 8 building
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Rendering of the new facade planned for Zion Towers L+M Development Partners and Prudential Financial announced a deal to preserve and modernize 268 units
Debt & Equity
Mack antes up $295M to fund development of Philadelphia condo tower
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Newmark Knight Frank has arranged a $295 million floating-rate loan on behalf of Southern Land Company (SLC), for the construction of the Laurel, located
Debt & Equity
Bronx nursing home lands first HUD-insured loan for $104M
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Workmen’s Circle Multicare Center Berkadia announced $104.27 million in financing for Workmen’s Circle Multicare Center, a skilled nursing facility in
Deals & Dealmakers
Davines leases 15,000 s/f Williamsburg space
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CW Realty reinvented the North 11th Street building Lee & Associates NYC has negotiated a 10-year, 15,479 s/f lease on behalf of luxury sustainable
Deals & Dealmakers
John Banks stepping down as REBNY president
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The Real Estate Board of New York (REBNY) announced today that its President, John Banks, will retire after five years of service to REBNY and 33 years