Category : Blog

Today, BRP Companies, the Urban Investment Group within Goldman Sachs Asset Management (Goldman Sachs), the City of New Rochelle, Westchester County officials and additional project partners broke ground on 500 Main Street, a 26-story, 477-unit, mixed-income residential complex situated in Downtown New Rochelle. Financing for the project was provided by Goldman Sachs...

 Clinton Management, the property management affiliate of Douglaston Development, today announced that the firm has arranged a 15-year, 6,200-square-foot lease, inclusive of a 20 car parking lot with MWBE laundromat provider, Laundrybee at 3254 White Plains Road in the Williamsbridge section of The Bronx.   Kathy Zamechansky and Duley Panaigua of KZA Realty Group, Inc....

RXR, a leading real estate developer in the New York Metro area, today announced the topping out of its inaugural South Bronx development, Maven. RXR executives were joined by the project’s development team, including LRC Construction and CetraRuddy, as well as local community groups, to mark the completion of upward...

Governor Kathy Hochul today announced the completion of Tremont Residences, a $50.6 million affordable housing development in the West Farms area of the Bronx. The new 119-apartment development offers onsite services for people experiencing homelessness who need support to live independently. “The completion of this 119-unit development means that dozens of Bronx...

The $115 million,129-luxury apartment Life Plan Community is a unique concept in senior living, the newest such community on Long Island, and the final piece in Gurwin’s full continuum of care for seniors. Fountaingate Gardens opened for limited occupancy in May with the completion of The Terraces residential building and...

Ariel Property Advisors has arranged the sale of four Brooklyn properties in Bay Ridge, Park Slope, Brooklyn Heights and Crown Heights totaling more than $16 million.  Bay Ridge. A 27,548-square-foot, fully-stabilized 35-unit multifamily building at 571 Ovington Avenue sold for $5.7 million, which translates to a 5.4% cap rate. The four-story property features...

Fred Parola, chief executive of the Town of Hempstead Industrial Development Agency (IDA), said the agency has granted a five-year extension of property tax abatements for the Gallery at Westbury Plaza shopping center. The IDA acted at its Sept. 20 meeting on an application from the shopping center’s owner, the...

Rubenstein Partners’ 25 Kent, Brooklyn’s newest mixed-use office and light manufacturing building, today announced it signed a 37,403-square-foot, 10-year agreement with Mindspace, a Tel Aviv-based global boutique flex space provider, at 25 Kent Avenue in Williamsburg. This is the company’s second location in partnership with Rubenstein Partners, following Mindspace Wanamaker in Philadelphia....

 Rudin, a full-service real estate organization and one of New York City’s largest private owners, operators and developers of first-class real estate, announced today that it has completed a new 17,500-square-foot lease with Applause at 355 Lexington Avenue in Midtown. Applause’s deal with Rudin marks the digital quality control and testing firm’s first location in...

Pearlmark announced that it closed on a $7.9 million mezzanine debt investment for the development of Onyx on Park, a 61-unit multifamily property in the Hillcrest neighborhood of San Diego, California. The property will consist of 55 market rate and 6 affordable units with a parking ratio of 1.3 spaces...