Deals & Dealmakers
Developers get in the zone as new tax plan gets rolling
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New York is seeing its first flurry of Opportunity Zone deals as the new government program aimed at targeting economic development in depressed neighborhoods takes effect.
Deals & Dealmakers
Governor, Mayor say joint hello to Amazon
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Below is a joint press release between the City of New York and New York State announcing the winning bid for Amazon’s HQ2 competition. NEW YORK – Mayor
Deals & Dealmakers
A-ha guitarist sells SoHo pad for $9 million
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Singer/songwriter and guitarist of the Norwegian pop band A-Ha, Paul Waaktaar-Savoy, has sold his SoHo condo to real estate billionaire, Axel Stawski.
Residential
Have You Heard? Gatsby era mansion hits market on LI Gold Coast
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A Gatsby-era mansion built by petroleum pioneer Charles Pratt and owned by the Rockefellers is being offered for sale. Laurel Hill estate was built by
Deals & Dealmakers
Swimwear company expands footprint in Garment District
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Swimwear manufacturer, In Mocean, will expand its presence in the Garment District, signing on to a new lease 23,000 s/f lease at 463 Seventh Avenue.
Debt & Equity
Eastern Union finds finance package for search firm’s acquisition
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Eastern Union Funding’s Abraham Bergman and Yossi Orzel arranged a $11.2 million acquisition loan from Bank of America for the $12.8 million purchase of
Debt & Equity
Lancewood funds bridge loan for East Village student housing
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Lancewood Capital provided a $5,200,000 bridge loan to finance the acquisition and renovation of 317 East 5th Street a mixed-use property located in the East Village.
Debt & Equity
Unlikely alliance could rebuild America
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From the South Bronx to Paterson, New Jersey to Broad Street, Philadelphia, William “Billy” Procida knows what it takes to build in hardscrabble, inner-city neighborhoods.
Deals & Dealmakers
Real Estate Tech Week kicks off in NYC
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Industry experts are gathering in New York City for Real Estate Tech Week. The week encompasses 12 real estate tech events from Monday to Friday that includes
Deals & Dealmakers
Partners to transform Chelsea’s Terminal warehouse
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A new joint venture partnership of L&L Holding Company, Normandy Real Estate Partners and an institutional investor advised by J.P. Morgan Asset Management
Construction & Design
Co-living industry sees opportunity in city’s ShareNYC program
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City Hall is putting together a co-living program as part of its ongoing effort to address the growing housing affordability crisis in the five boroughs.
Construction & Design
Report: Most new apartments concentrated in Brooklyn, Queens
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Queens or Brooklyn are braced for a rush of new apartment units as developers target the two boroughs over the others. According to a new report from Localize.