Fuchs family secures $59.8 bridge loan for Queens nursing facility
Greystone, a real estate lending, investment and advisory company, announced it has provided a $59.8 million HUD-insured permanent loan for The Pavilion at Queens for … Continued
Category : Blog
Liniger names new co-CEO as RE/MAX ramps up New York expansion
RE/MAX has announced it continued expansion in New York and the appointment of a new co-chief executive officer. ADAM CONTOS Adam Contos, the current chief … Continued
NY-REIT ups its stake in skyscraper
New York REIT has acquired an additional 49.9 percent stake in One Worldwide Plaza for $276.7 million. The firm, which is liquidating its assets, exercised … Continued
IN PICTURES: AIGA Awards Gala
AIGA, the professional association for design, hosted a successful 2017 Awards Gala at Pier Sixty raising more than $450,000. The proceeds from the gala will … Continued
IN PICTURES: 34th Floor Club unveiled at 252 E57th
Over 200 guests gathered to celebrate the unveiling of The 34th Floor Club at 252 East 57th Street, the new condominium in Sutton Place developed by the … Continued
Weng on leaving Greenland and movement of Chinese investment
Yuejuan “Jane” Weng jumped from one giant Chinese corporation to another in pursuit of autonomy. Weng, who recently left her job as director of capital … Continued
Developers now targeting Bushwick over Williamsburg
It was the summer of 2013 when Daren Hornig first started his firm, Hornig Capital Partners, and found himself driving around Bushwick for hours, speaking … Continued
Non-union construction pushing into commercial real estate
Open shop construction, an arrangement where both union and non-union firms work different portions of a job site, has become commonplace in residential projects as developers look to cut costs on wages. Now, there are signs that the model may soon migrate to the commercial sector, further loosening the grip of union labor on the …
Elliman launches multi-million dollar rebrand
Douglas Elliman Real Estate, the fourth largest brokerage nationwide, has launched a “multi-million dollar” rebranding campaign.multi-million-dollar range. The company has adopted a new slogan, “It’s Time for Elliman” that will be promoted in a massive media campaign that will include television, print and digital advertising. The campaign will show in all of the markets the …
DONE DEALS: The week in residential sales
Keller Williams agent Cici Cao just sold a Sutton Place co-op for $30,000 above the asking price. The recently renovated one-bedroom, one-bathroom coop at Gotham Towne House on East 57th was purchased for $705,000 within a week of coming to market. Located on the corner of Lexington Avenue and 57th Street, Apartment 10H (pictured top) is …