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JV bags $95M to reposition Garment District trio
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A joint venture looking to rejuvenate a trio of Garment District office buildings has secured $95 million in financing to get the job done.
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Rick Chandler to step down as Buildings Commissioner
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New York City’s buildings commissioner, Rick Chandler will step down at the end of this month after 20 years with the department. Mayor Bill de Blasio
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Newmarkʼs Matt Duthie is IREM Person of Year
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The Greater New York Chapter of the Institute of Real Estate Management announced that it has selected Matt Duthie, regional director of management services
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Landlord gives furloughed workers a big rent break
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Benchmark Real Estate Group is offering its government-employed tenants deferment from their rent during the ongoing government shutdown.
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DEP starts work on $300M wastewater greening plan
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The New York City Department of Environmental Protection (DEP) announced that work is underway on a $300 million project to install new, cleaner-burning
Residential
MatriArch gets go-ahead to build new mixed-used Pelham property
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The Village of Pelham has given the go ahead for a mixed-use development near the Pelham Metro-North Station. The project, at 101 Wolfs Lane, is an over-$20
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IN PICTURES: RFR Sunset Cocktail Party at 17 State Street
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More than 200 brokers attended RFR Realty’s “Sunset Cocktail Party”  in the Penthouse at 17 State Street, a 42-story boutique office tower that sits
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Dwight closes on two loans
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Dwight Capital has closed on two cash-out refinances in Indiana and Texas. Josh Hoffman, managing director and Kevin Lifshitz, senior vice president, closed
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Picking winners puts builder Meredith Marshall ahead of the game
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There are few people rewarded as handsomely as developer Meredith Marshall for going where no other — or at least few — builders have gone before.
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Sotheby’s says it will relocate to new Upper East Side headquarters
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Sotheby’s International Realty will ready for a relocation of its new expanded corporate headquarters, slated for 650 Madison Avenue according to the firm.
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Camber, Belveron, HPD close $75M deal to keep Bronx homes affordable
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Camber Property Group, Belveron Partners, and the New York City Department of Housing Preservation and Development (HPD) last week closed on the $75 million
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SELLING POINTS: Turnbridge Equities pays $56M for Bronx site; TEI buys mixed-use CT portfolio
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● TURNBRIDGE EQUITIES Investor places $56M bet on last-mile market Turnbridge Equities has expanded its last mile industrial portfolio in New York City