Lawsuits
City, state fine ICON Management $500,000 for ‘hazardous living conditions’
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A joint city-state task force has fined a New York property management company half a million dollars for forcing hundreds of tenants to live in “hazardous
Deals & Dealmakers
Queens no longer an investment wallflower
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Bargain-hunting investors have driven pricing in Queens to new heights and the search for ROI is leading to wallflower neighborhoods that include Sunnyside
Retail
Ripco ready to lease Brooklyn Navy Yard’s Admirals Row
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Doug Steiner, chairman of Steiner NYC, has retained Peter Ripka and Jason Pennington of Ripco Real Estate to lease Admirals Row at the Brooklyn Navy Yard
Featured
Spring Ahead: New condos look to warm up lackluster market
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A new report is showing a pause in Manhattan’s new development market, but that isn’t deterring a stream of buildings entering the city in the next few months.
Deals & Dealmakers
ON THE SCENE: TerraCRG tapped for Greenwood Heights ground lease
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AGENTS TerraCRG has been retained to represent ownership in the ground lease or sale of 225 25th Street, a 52,250 s/f block-through property in Greenwood
Deals & Dealmakers
EPA cuts may stall development in Gowanus, Newtown Creek
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A major cut to the Environmental Protection Agency’s (EPA) funding could put a damper on real estate development in Gowanus and Newtown Creek, two Superfund
Retail
Two Trees lands Roberta’s pizza at 260 Kent
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Bushwick’s favorite pizzeria will add a third location, this one a mere a stone’s throw from the Williamsburg waterfront and the newly-minted Domino Park.
Residential
Report Show Rising Rents, Shrinking Vacancies in Manhattan
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Manhattan’s average rents climbed upward while vacancy dipped in May, according to Citi Habitats’ monthly rental market report, resulting in more power
Technology
Nooklyn opens shop in Manhattan
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Tech startup Nooklyn is opening its first storefront in Manhattan. The upstart firm has become one of the biggest agencies in Brooklyn since launching in 2015.
Construction & Design
Rezoning could combat urban heat island phenomenon in Gowanus, ULI report finds
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The Urban Land Institute New York (ULI NY) has released a report outlining how the anticipated rezoning of Gowanus, Brooklyn can be used to mitigate a
Construction & Design
Hudson to lead Greenpoint Hospital redevelopment, build 500 new homes
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The Hudson Companies has won the contract to turn the former Greenpoint Hospital Campus into a 500-unit housing development. Shuttered since 1982, the
Deals & Dealmakers
$905M Starrett City sale a win-win, says broker
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After nearly being derailed by familial infighting earlier this year, the sale of the nation’s largest subsidized housing complex closed last week for $905 million.