Debt & Equity
Sherwood venture secures $48M for new Flatiron condo
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CIT Group Inc. announced that CIT Real Estate Finance provided a $48 million senior secured credit facility to a joint venture between Arun Bhatia Development
Deals & Dealmakers
SilverTech takes on lease guarantee platform
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Insuretech company TheGuarantors, which provides landlords with payment insurance at no cost to them and fast-tracks leases for potential tenants who do
Green Building
Managers offered new tool kit to help tenants SEE the light
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Utility costs represent the single largest controllable expense in a multi-family housingcommunity, consuming 25 to 35% of most operating budgets[1].
Banking and Finance
EB5 investors set to fund Coachella venture
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George Washington Immigration Group aims to provide $65 million in EB-5 financing for Glenroy Coachella LLC. The funds will be used to finance a portion
Deals & Dealmakers
Financing secured for $190M New Roc development
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14 LeCount Place A joint venture of Wilder Balter Partners, L+M Development Partners and Goldman Sachs Urban Investment Group has closed on financing for
Residential
DONE DEALS: Big deal on little house in Park Slope
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NATHALIE ROY CHARLIE PIGOTT They say big things come in small packages, and that was certainly the case at 344A 13th Street in Park Slope. Corcoran’
Leases
Vision, Rubenstein arrange 315,000 s/f lease in Warren
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The outdoor ampitheater at Warren Corporate Center A joint venture partnership between affiliates of Vision Real Estate Partners and Rubenstein Partners, L.
Construction & Design
Why owners shouldn’t wait until blackouts to consider cogeneration
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By Sabina Mollot When 73,000 residents of Manhattan’s West Side were left without power on the night of July 13, both the mayor and the governor, who rarely
Deals & Dealmakers
Giant step for cityʼs outlet mall as new VR attraction lands
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Virtual Rush: New York will feature motion-based VR adventures that include an Apollo 11 simulation. A new, state-of-the-art motion-based virtual reality
NYSAFAH News
Expansion of MWBE program is good news for affordable housing
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New York’s affordable housing industry has long been one of diversity and inclusion. For this reason, it has served as an open door and pathway into housing
Deals & Dealmakers
SELLING POINTS: Domain buys South Bronx development site
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● DOMAIN COMPANIES Domain buys South Bronx development site The Domain Companies has purchased 445 Gerard Avenue and 414 Gerard Avenue in the Mott Haven
Retail
American Dream will be home to three-level sweet shop “IT’Sugar”
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“IT’Sugar” will be the world’s largest non-manufacturer candy store. American Dream has anounced that experiential retailer IT’Sugar