Category : Blog

Blog

First Downpayment Assistance deal closes in the Bronx

REW
by REW1388
Settlement Housing Fund (SHF) has purchased the first property to be sold under the city’s new Downpayment Assistance Fund. 1415-1417 Wythe Place in the Mount Eden neighborhood of the Bronx, will be renovated and its 58 unregulated apartments preserved as affordable as part of the city’s new Neighborhood Pillars Program....
Lightbridge Academy to open at Hell’s Kitchen rental tower
Blog

Lightbridge Academy to open at Hell’s Kitchen rental tower

REW
by REW1981
TF Cornerstone today announced Lightbridge Academy, a leading early education and childcare center, has signed a 11,491 s/f lease for ground floor retail space at The Max on 606 West 57th Street, a 1,028-unit luxury residential rental building located in Hell’s Kitchen. The lease represents Lightbridge Academy’s first Manhattan location;...
Contractor and tech company move into Somerset building
Blog

Contractor and tech company move into Somerset building

REW
by REW1184
This summer, Cushman & Wakefield represented the Winter Organization, which has inked two new, long-term leases at 200 Cottontail Lane in Somerset. The commercial real estate services firm serves as the exclusive leasing agent for the 208,000 s/f, Class A office property, which continues to experience steady interest. The transactions...
Firm must pay $6M in stolen wages to welders, iron workers
Blog

Firm must pay $6M in stolen wages to welders, iron workers

REW
by REW919
Governor Andrew M. Cuomo has announced that a joint investigation between the New York State Department of Labor and the Manhattan District Attorney’s Construction Fraud Task Force has led to a plea agreement that will return approximately $6 million in stolen wages to about 500 welders and iron workers, the...
Blog

Lexington office tower sells for $180M

REW
by REW933
By Sabina Mollot Savanna has closed on a $180 million purchase of 360 Lexington Avenue, a, 24-story office tower in East Midtown, from AEW Capital Management. The buy was financed with a $126 million loan provided by Barclays and arranged by Eastdil Secured and the new owner is promising a...
St Josephʼs Health to anchor state-of-the-art medical complex
Blog

St Josephʼs Health to anchor state-of-the-art medical complex

REW
by REW2026
Lee & Associates-NJ represented St. Joseph’s Health in securing a long-term lease of 60,000 s/f within a new 125,000 s/f Medical Arts Complex being developed by CHA Partners (CHA) in Totowa, New Jersey. Lee & Associates brokers Brian Lynch, Peter Rasmusson, Jason Lynch and Joe Tormen exclusively represented St. Joseph’s...
MRC funds $225M construction loan for Mandarin Oriental condos
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MRC funds $225M construction loan for Mandarin Oriental condos

REW
by REW1155
Madison Realty Capital has provided a $225 million construction loan on The Residences at Mandarin Oriental, Boca Raton, a planned 12-story, 580,000 s/f luxury condominium tower in Boca Raton, Florida. The financing will allow owner/developer Penn-Florida Companies to complete the 12-story, 288,000 saleable-square-foot luxury condominium tower with an additional 22,000...
Storefront data bill is good public policy
Blog

Storefront data bill is good public policy

James Whelan
by James Whelan1815
New legislation will result in more accurate and reliable data about the City’s retail landscape.
Blog

New Jersey takes aim at slumlords by monitoring multifamily buildings

REW
by REW1281
The New Jersey Apartment Association joined Acting Governor Sheila Y. Oliver in Trenton in support of new legislation that allows the state to monitor multifamily properties. The billestablishes inspection tiers for multifamily homes and requires annual updates to owners’ registration information. It was sponsored by Senator Teresa Ruiz (D-29) and...
WHOʼS NEWS: American International Group, Inc. announced that James “Jamie” Love will join the company as Global Head of Real Estate.
Blog

WHOʼS NEWS: American International Group, Inc. announced that James “Jamie” Love will join the company as Global Head of Real Estate.

REW
by REW7548
American International Group, Inc. announced that James “Jamie” Love will join the company as Global Head of Real Estate. Love will be based in New York and report to Peter Zaffino, AIG’s Global Chief Operating Officer and Chief Executive Officer, General Insurance. He will be responsible for aligning AIG’s global real estate...