Deals & Dealmakers
City studies ways to usurp builders running rings round regs
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Tiny, unbuildable, gerrymandered zoning lots that have been created for the sole purpose of evading zoning restrictions, will be studied for regulation
Debt & Equity
New Mountain Capital targets net lease sector
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New Mountain Capital, an alternative investment firm headquartered in New York, has closed its first net lease real estate fund with $533 million of equity
Debt & Equity
Carson leading effort to jumpstart Opportunity Zone development
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Department of Housing and Urban Development (HUD) Secretary Ben Carson has been named chairman of a new White House Opportunity and Revitalization Council.
Debt & Equity
Sam Chang closes $83M refi for Times Square Holiday Inn
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Sam Chang’s McSam Hotel Group has secured an $83 million Deutsche Bank loan for the Holiday Inn NYC Times Square South, according to records filed with the city.
Residential
Extell tower tops city eviction list
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Extell’s showpiece Hudson yards tower, 555 Tenth Avenue, and Joe Moinian’s Sky condominium on 42nd Street have come out tops in a list of city evictions.
Deals & Dealmakers
Senior housing development tops out in Hunts Point, Bx.
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The project by two nonprofit development groups will offer 108 homes. In Hunts Point in the Bronx, a unique approach to development currently under construction
Leases
Plastic surgery practice moves to West Side
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Dana Moskowitz, Partner, and Jeffrey Zund, Executive Director/Leasing, HSP Real Estate Group (HSP), a member of NAI Global, have arranged a six-and-a-half-year
Deals & Dealmakers
ON THE SCENE: Bestreich Realty Group announces the sale of 854 Hancock Street in Bed Stuy
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AGENTS New York-based RCS Real Estate Advisors has been retained by worldwide fashion retailer Forever 21 to help the company as they
Deals & Dealmakers
REBNY’s annual Pro-Am Tennis Tournament raises money for NYC Detective Endowments Association
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REBNY’s 31 st Annual Pro-Am Tennis Tournament, helmed by Fried Frank’s Real Estate Department Chair Jonathan Mechanic and CBRE Chairman of Global Brokerage Stephen B.
REBNY Watch
Steering a new course for New York’s apparel industry
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New York City’s garment industry has been woven into the fabric of the city’s economy and provides thousands of jobs for our residents. However, the economic
Deals & Dealmakers
Brokers predict Fifth Avenue retailers will head downtown
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By Sarah Trefethen Fifth Avenue is a name known to shoppers around the world, but the avenue is longer than the 11-block stretch between 49th and 60th
Deals & Dealmakers
How far should you live from work?
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By the time Rick Matthews gets to work in the morning, he’s already covered the 60 miles of distance between Vernon, New Jersey and his office desk in