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LaBarbera: 421-a is ‘dead’ and should not be revived ‘under any circumstances’
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Despite a recent display of flexibility in regards to 421-a guidelines, the cityʼs affordable housing logjam seems no closer to a resolution.
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LEASES: ADAMS sets 8,056 s/f, 10-year lease at 463 7th ave
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NEW YORK DAVID LEVY Adams & Co. Real Estate announced that Core Staffing Services, Inc. has signed an 8,056 s/f, ten-year lease at 463 Seventh Avenue.
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Sugar Hill Capital scores $127M Mack loan
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Richard Mackʼs Mack Real Estate Credit Strategies funded a $127 million construction loan for Sugar Hill Capital Partners redevelopment of One Prospect
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Maloney a step closer to closing real estate loophole that aids terrorism
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Congresswoman Carolyn Maloney believes she is a step closer to closing a real estate loophole blamed for aiding money launderers and financing terrorism
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HAVE YOU HEARD? BHS lists movie buff apartment; Patricia Peterson to collect preservation award
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Barbra Streisand’s former Central Park West home has just been listed by Barbara Fox and Alexis Hilton Mintz of Fox Residential Group. The duplex penthouse
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BOMA joins CDC effort to halt Legionella spread
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The Building Owners and Managers Association (BOMA) International is working with the US Centers for Disease Control and Prevention (CDC) to help reduce
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Securities survey shows scrapping 1031 a danger to the economy
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A fresh study has found that some six percent of all commercial real estate sales in the US use a 1031 tax exchange. And deferred gains from real estate
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REW TV: Houlihan Parnes’ James Houlihan on his firm’s 125th year
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James Houlihan, an executive at family-run real estate firm Houlihan Parnes, said that his firm’s 125th anniversary party had a 25-year gestation period.
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DONE DEALS: An open & closed case in Greenwood Heights
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The Mike & Marta Team at Compass just closed on a Greenwood Heights condo 15 percent over ask within five days of showing. MARTA MALETZ How’
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Bethpage Federal Credit Union closes biggest deal to date
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Debt broker Meridian Capital Group has arranged $28 million in permanent financing for the refinance of a multi-tenant medical office property located in Brooklyn.
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Landlords threaten court action after two-in-a-row rent freeze
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A week after defeating the cityʼs water board in court, the RSA has warned it is prepared to go back to the judiciary to fight this weekʼs proposed rent
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Construction worker wins record award
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By James Hagedorn In the largest personal injury settlement for a construction accident in New York City’s history, a court has award $36 million to a