Residential
Westchester getting a new Smart city
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The city of Mount Vernon, in Westchester County is getting smarter. The community, which is just 22 minutes away from mid-town Manhattan via the Metro
Finance
Strategic refinances Yonkers property with $70M Guggenheim loan
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River Club at Hudson Park Newmark Knight Frank arranged a $70 million fixed-rate loan for the financing of the River Club at Hudson Park, located in Yonkers
Residential
NEW DEVELOPMENT; Sales get underway at 35 Hudson Yards; Anchor House opens in Astoria
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● RELATED COMPANIES Sales get underway at 35 Hudson Related unveiled renderings for 35 Hudson Yards, the 1,000 ft. tower that will be the tallest residential
Opinion
Issues to consider before jumping into a zero cash flow deal
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By Anthony Baronci, partner, Ruskin Moscou Faltischek PC Zero cash flow deals, sometimes referred to as “Zeros,” are deals that are structured similar
Debt & Equity
Moinian secures $140M for luxury high-rise Ocean at One West
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The Moinian Group has closed a $140 million financing for Ocean at One West Street, the developer’s high-rise multifamily property located in Battery Park.
Construction & Design
Meringoff nears end of effort to restore classic Soho tower
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Meringoff Properties, an affiliate of Himmel + Meringoff, is completing its restoration of the landmarked 462 Broadway. The six-story, 165,000 s/f office
Retail
Savitt team signs Korean food hall at Times Square retail space
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Savitt Partners announced a major multi-level retail lease for a Korean food hall at 218 West 40th Street, a 166,000 s/f boutique office property.
Photo Gallery
IN PICTURES: CoreNet charges into 2018 with new board, big party
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CoreNet Global New York City Chapter (CoreNet NYC) hosted its Annual New Year’s Party on January 11 at 30 Rockefeller Plaza’s iconic Rainbow Room in New York City.
Deals & Dealmakers
Ruddy ruminates on remaking Rikers
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Architect Nancy Ruddy thinks she should be sent to Rikers Island. The co-founder of New York-based CetraRuddy said the notorious prison would be her top
Deals & Dealmakers
CRE brokers made big money in 2018 and expect to make more this year
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After the last commission checks are cut and other compensation added up, a healthy majority of commercial real estate brokers say they will have made
Opinion
No one-size-fits all when it comes to business interest expenses
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By Stephen Bertonaschi, senior managing director, FTI Consulting, Inc. As part of the Tax Cuts and Jobs Act (TCJA), IRC §163(j) was amended to potentially
Deals & Dealmakers
TOWN Residential, Chestertons form international partnership
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TOWN Residential and Chestertons, one of London’s leading residential property specialists, have created an alliance. Working from within New York City