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Alma Realty chipping in to build church senior facility
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Alma Realty will $10 million towards the cost of building St. Michael’s Home, an 11-acre independent, assisted living and nursing care complex.
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Report sets out plan for biggest industrial park in the Northeast
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Suffolk County Executive Steve Bellone, the Suffolk County Industrial Development Agency (Suffolk IDA), and Hauppauge Industrial Association of Long Island
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Monday Properties moves to EO tower
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Equity Office announced that it has signed a new 15-year 16,336 s/f lease with Monday Properties at Park Avenue Tower, its 36-story luxury office tower
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Muss Development closes $100M loan for Downtown Brooklyn hotel
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Muss Development received a $100 million loan for the 667-room New York Marriott at the Brooklyn Bridge in downtown Brooklyn. Korean real estate fund manager
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Seven real estate tech startups break into the industry
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Seven fledgling startups graduated from Metaprop’s accelerated growth program and were shepherded into a crowd interested in cutting edge real estate tech
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Raymour & Flanigan to open outlet store in Paramus
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Levin Management has arranged a lease with furniture giant Raymour & Flanigan to open a 41,300 s/f outlet store at Paramus Place in Paramus.
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DDG starts construction on luxury Palm Beach development
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DDG announced that construction is officially underway at 3550 South Ocean, a new addition to the Palm Beach shoreline. During an exclusive ceremony attended
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Around Town: MIPIM, Fordham RE Institute, Stacom Family Speaker Series
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MIPIM March 14-17, 2017: Global strategist Parag Khanna, an international relations expert and author, will keynote the 28th edition of the “world’s property
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Dropbox uploading to 31,000 s/f at Two Trees’ 50 West 23rd
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Two Trees Management Company announced that Dropbox, the cloud computing company, has signed a lease for 31,000 s/f at the firm’s Midtown South building
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Brooklyn office property trades for $29.5M
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An investment group led by Shaya Labin has paid $29.5 million for a Brooklyn office property. TerraCRG announced it brokered sale of the office building
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Industry welcomes NYC retail tax cut, but warns more to be done to revive flagging high street
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An amendment to the Commercial Rent Tax passed by the New York City Council last week will make life a little easier for Manhattan’s small business community
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DONE DEALS: California dreamer
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A Park Slope one bedroom priced just under the sellerʼs ask was scooped up in days. “It was the most attractively priced and accessibly located one bedroom