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New Opportunity Zone rules: what was and wasn’t addressed
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By Sean M. Aylward and Bozena M. Diaz, Chiesa Shahinian & Giantomasi PC Since being unveiled as part of the Tax Cuts and Jobs Act of 2017, the Qualified
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Avison Young delivers refi package from syndicate of credit unions
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Avison Young’s New Jersey Office arranged a $21.1 million loan to refinance a 114,200 s/f Class A multi-tenant industrial/flex building at 75 Commerce
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Old-time families are real estate’s new money men
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Real estate owners have started angling for a market correction by shifting from acquisitions to debt — and some are using other people’s money to do it.
Debt & Equity
Unlikely alliance could rebuild America
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From the South Bronx to Paterson, New Jersey to Broad Street, Philadelphia, William “Billy” Procida knows what it takes to build in hardscrabble, inner-city neighborhoods.
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Amazon to Long Island City report raises excitement, concerns
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More than a year into its quest for a new home base, Amazon has reportedly settled on not one but two locations: suburban Washington, D.
Deals & Dealmakers
Real Estate Tech Week kicks off in NYC
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Industry experts are gathering in New York City for Real Estate Tech Week. The week encompasses 12 real estate tech events from Monday to Friday that includes
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Life sciences take 500,000 s/f leap forward
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Alexandria Real Estate Equities is set to start work on a 550,000 s/f addition to its New York life sciences campus. The company announced a final agreement
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Cathedral upgrades are glass acts
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Incorporating innovative, minimalist glass elements alongside exacting preservation work, the firm MBB (Murphy Burnham & Buttrick Architects) has helped
Deals & Dealmakers
Partners to transform Chelsea’s Terminal warehouse
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A new joint venture partnership of L&L Holding Company, Normandy Real Estate Partners and an institutional investor advised by J.P. Morgan Asset Management
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Somerset Group signs two renewals, expansions at 215 Lexington Avenue
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Cushman & Wakefield completed two transactions on behalf of Somerset Group, a privately held real estate investment, management and development organization, at 205 &
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Fashion brands, art crowd drawn to boutique 210 Eleventh Avenue
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ABS Partners Real Estate announced 36,088 s/f in new leases at the Chelsea Arts Building an 11-story, 125,000 s/f property located at 210 Eleventh Avenue
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AROUND TOWN: Broadway star to perform at annual Strolling Supper; Fireside chat with Robert Lapidus
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LIREG Breakfast Nov. 6: The Long Island Real Estate Group (LIREG) will host a breakfast event at the Old Westbury Country Club featuring an inside look