Views
Construction industry push for diversity a good start, but more resources needed
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By Clark Peña, director of advocacy, Construction Workforce Project A recently announced diversity initiative by the Associated General Contractors of
Deals & Dealmakers
Who’s News: JLL taps Leviton in Long Island, Steptoe hires new lawyer
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JLL has hired David Leviton as managing director and market leader of its Long Island office. David Leviton His responsibilities will include building
Retail
Raymour & Flanigan to open outlet store in Paramus
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Levin Management has arranged a lease with furniture giant Raymour & Flanigan to open a 41,300 s/f outlet store at Paramus Place in Paramus.
Debt & Equity
TRANSACTIONS: Knighthead funds $27M construction loan for Forest Hills project
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GCP Capital Group arranged mortgage financing in the aggregate amount of $49,720,000 for the following properties: • $15,600,000 for a five-story mixed-use
Deals & Dealmakers
Affordable housing fund pays $110M for Hell’s Kitchen building
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An affordable housing fund has purchased a building in Hell’s Kitchen for $110 million, according to city records published today. Standard Communities
Featured
Gowanus gettin’ its groove with snazzy new apartments
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202 8th Street By Orlando Lee Rodriguez If you have not visited in a while, 4th Avenue, the thoroughfare that serves as the border between Park Slope and
Deals & Dealmakers
$905M Starrett City sale a win-win, says broker
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After nearly being derailed by familial infighting earlier this year, the sale of the nation’s largest subsidized housing complex closed last week for $905 million.
Featured
REBNY opposes new council bill that punishes brokers
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City Council Member Keith Powers recently introduced a convoluted piece of legislation that would have a significant negative impact on New York’s real
Deals & Dealmakers
Selling Points: GFI sells Prospect Park multifamily, Urstadt buys more shopping centers
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● GFI REALTY Family sells Prospect Park portfolio GFI Realty Services announced the $26.7 million sale of a two-building, multifamily portfolio in Prospect Park South.
Debt & Equity
S3 Capital Partners funding Upper West Side church conversion
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Holliday Fenoglio Fowler announced $20 million in financing for 140 West 81st Street, a boutique residential condo on the Upper West Side.
Featured
Flush with new development, builders are bankrolling a new Jamaica
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Three years after the City of New York released an action plan in an effort to spur economic development and growth in Jamaica, Queens, the neighborhood’s
Deals & Dealmakers
Anbang closes on $415M deal to buy 717 Fifth Ave. offices
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Blackstone has closed on the $415 million sale of the office portion of 717 Fifth Avenue to Anbang Insurance Group, the Chinese entity that bought the