Residential
Boogie Down Bronx beats Millionaires Row
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The Bronx has beaten Millionaires Row in the New York City housing stakes this quarter. According to the first quarter market report from REBNY, the neighborhood
Construction & Design
Bronx construction starts on pace to break $2B for third year in a row
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A rising tide a lifts all ships and the rushing current of capital flowing into New York has once again buoyed development in the city’s most cash-strapped borough.
Deals & Dealmakers
Upper Manhattan Empowerment Zone chief Kenneth Knuckles to retire after 15 years
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The Upper Manhattan Empowerment Zone today announced that the organization’s longtime President and Chief Executive Officer, Kenneth J. Knuckles, will
Deals & Dealmakers
Selling Points: Brooksville, Rockpoint partner up in Princeton, Fruchthandler nabs Bronx buildings
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● HFF Brooksville, Rockpoint partner on Princeton buy A joint venture between Boston-based Rockpoint Group and Andrew MacArthur’s Brooksville Company
Construction & Design
Affordable housing developer nabs three Bronx lots for biophilic senior living
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A Bronx-based affordable housing developer scooped up three parcels in the borough’s Belmont section for roughly $4 million to build a 120,000 s/f, environmentally-conscious
Deals & Dealmakers
SELLING POINTS: POKO deals Brownsville theater for $53M, Assa nets $50M for Midtown building
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● TERRA CRG POKO pockets $53M in Brownsville deal Brooklyn investor Shulem Herman has paid $53 million for the former Pitkin movie theater in Brooklyn’
Construction & Design
Maddd Equities, Joy Construction plan 3 projects in Bronx, Brooklyn
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Maddd Equities and Joy Construction are planning three mixed-use residential developments in The Bronx and Brooklyn. Jorge Madruga, of Maddd Equities
Deals & Dealmakers
SELLING POINTS: Ginsburg scoops up lakefront community, Section 8 sells for $27M
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● CBRE Ginsburg buys $54M lakefront community Ginsburg Development Companies (GDC) has acquired The Landing on Mohegan Lake, a lakefront rental community
Construction & Design
Diaz champions Bronx waterfront, sees west side development potential
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Bronx borough president Ruben Diaz is championing the Bronx as a corridor of new waterfront development not unlike the Hudson Yards. Speaking at the October
Construction & Design
JLL ready to go extra mile for last-mile distribution center in Bronx
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As demand for warehouse space in New York City continues to rise, the first new multi-story industrial buildings on the East Coast have been unveiled.
uncategorized
Emerald Equity Group refinances Bronx portfolio with Freddie Mac loans
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Emerald Equity Group has refinanced an 850-unit Bronx portfolio with $129 million in Freddie Mac loans. Sabal Capital Partners, a financial services company
Construction & Design
Selling Points: AMS has plans in Yonkers, Cushman sells apartments
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● AMS ACQUISITIONS Apartment building planned for Yonkers site AMS Acquisitions, a New York City-based real estate investment firm, has purchased a 50,000