Deals & Dealmakers
SELLING POINTS: TerraCRG sells Brooklyn church for $13.5m
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● TERRACRG Brooklyn church/school site sold TerraCRG has announced the sale of 257 Washington Avenue, a 32,000 s/f development site in Clinton Hill, Brooklyn.
NYSAFAH News
Solving affordable housing crisis means changing the conversation
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Any New Yorker who has tried to rent a house or apartment recently knows that New York City is in the throes of an affordable housing crisis.
Retail
Orange, NJ gets first brewery area has seen in nearly 40 years
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55 south Essex Avenue L+M Development Partners has welcomed Four City Brewing, an approximately 4,600 s/f craft brewery, as part of the 55 South Essex
REBNY Watch
Studies shed light on discussion regarding gentrification
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As New York City’s population continues to grow, and efforts continue to create housing to accommodate such growth, the word “gentrification” is raised
Deals & Dealmakers
City: Don’t just blame high rent
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Study reveals variety of reasons for retail vacancies By Sabina Mollot While too-high rents and competition from Amazon are often blamed for the state
Deals & Dealmakers
Spike Lee’s firehouse studio sold
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A three-story former New York City firehouse used by celebrated filmmaker Spike Lee’s production studio in Fort Greene for more than 20 years, 
Banking and Finance
FCP invests in Suffolk County development with 80 townhomes
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FCP has announced that it recently closed on a preferred equity investment to facilitate the acquisition of The Preserve, a Class-A, 80-unit
Construction & Design
DOB halts all crane work by United after accident at NYCHA building
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On Monday, the New York City Buildings Department halted all crane work citywide by United Crane and Rigging (“United”), the firm that
Banking and Finance
$4.2 million infusion for Rivet, a 163-unit building near NJCU
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RIVET Apartments at 23 University Place Blvd. in Jersey City. JLL has arranged $42.5 million in financing for RIVET, a mixed-use multi-housing and retail
Banking and Finance
Cushman & Wakefield arranges $94M for 17-building industrial park
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Cushman & Wakefield, acting as the exclusive advisor to Angelo Gordon & Onyx Equities, has helped in the procurement of $94 million in financing
Deals & Dealmakers
Kasirer seeks a happy ending for battered industry
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By Linda O’Flanagan After a summer of “greedy landlord” headlines, protests about rents, proposed commission caps, structural voids and downzoning
Banking and Finance
Fannie Mae reducing portfolio, now selling re-performing loans
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Fannie Mae on Tuesday has begun marketing its thirteenth sale of re-performing loans as part of the company’s ongoing effort to reduce the size of