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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
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NYC contractors spending money to make money as construction costs spiral
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Despite the ever-rising costs of construction in New York City, the New York Building Congress said in its latest report that the industry is still profitable.
Deals & Dealmakers
Fisher nears full occupancy at 605 Third
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Fisher Brothers announced that Wellspring Capital Management has signed a new 15-year, 14,698 s/f lease to occupy the entire penthouse floor at 605 Third Avenue.
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Skanska to complete $36M PATH rehab
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Skanska USA has been awarded a $36 million contract by the Port Authority of New York and New Jersey to deliver upgrades to the PATH’s Exchange Place and
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AB Capstone taps Hollister for new Bronx design-build
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Hollister has been retained as design/builder by AB Capstone to execute the delivery of a 10-story building located at 425 Westchester Avenue in the Bronx.
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Development partners join $400M University Place initiative
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Circle Squared Alternative Investments and an affiliate of The PRC Group of Companies have entered into a joint venture partnership for the construction
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Madison International Realty acquires stake in Mack-Cali
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Madison International Realty, a  real estate private equity firm, has acquired a five percent ownership stake in Mack-Cali Realty Corporation (CLI), holding
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LEASES: Metropolitan Club extends lease, NJ Transit inks two new retailers at Newark Penn
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NEW YORK The Metropolitan Club, one of the oldest private clubs in the United States, closed an extension of lease transaction with its only tenant, The
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Latina leader Shirley Rodriguez Remeneski dead at age 81
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New York housing champion Shirley Rodriguez Remeneski has died at the age of 81. A member of the Koch, Mario Cuomo and Pataki Administrations, Mrs Remeneski
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NYU Tandon creates construction innovations hub
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The New York University Tandon School of Engineering has created the Institute of Design and Construction (IDC) Innovations Hub. The IDC Innovations Hub
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ON THE SCENE: Avison Young team sells Bowery building
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AGENTS Crosstown Realty’s Ed Bruckstein has been appointed exclusive broker for the sale of a 22,000 s/f warehouse / office building in central Maspeth
Debt & Equity
Pension funds in multi-billion dollar logistics play
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Two of Canada’s biggest pension funds announced a joint investment in Atlanta-based warehouse developer IDI Logistics. Ivanhoe Cambridge Inc.