Agency loans heading north
Eastern Union’s production of agency loans is on an upward slope, particularly in markets where the non-recourse high-leverage deals are far more competitive than products … Continued
Category : Blog
Frick expansion is good for New York
By Steven Spinola One way to ensure that New York City is prepared for the future is to embrace our rich history. The Frick has … Continued
Brooklyn building permits reach new peak
The New York City Department of Buildings (DOB) authorized construction of 20,329 residential units in 1,513 buildings in 2014, an 11 percent increase (in units) … Continued
Third timeâs a charm for 11 Greene Street development
A mixed-use project at 11 Greene Street designed by Gwathmey Siegel Kaufman & Associates Architects and unanimously approved by the Landmark Preservation Commission (LPC) will … Continued
Landmarks Commission approves RFRâs plan for 281 Park Ave South
The New York City Landmarks Preservation Commission (LPC), has approved RFRâs plans for 281 Park Avenue South, the company announced. The six-story, 45,000-square-foot landmark building, … Continued
NCBâs solar investment tops $370M
National Cooperative Bank (NCB), a national financial institution serving co-operatives and socially responsible organizations, has reached a major milestone by arranging approximately $370 million in … Continued
Retail flagship makes sense for AvalonBay’s midtown site
AvalonBay is considering a 60,000 s/f retail flagship for the base of its newest Midtown apartment tower.
The builder paid $300 million for 1865 Broadway in February and announced plans for a 300,000 s/f tower.
Speaking at a panel hosted by the Hellenic-American Chamber of Commerce last week, Martin Piazzola, senior vice president of development at AvalonBay Communities, said the retail concept made the most financial sense.
Curtains up for Cultural District newbie
The first major commercial building to join the Brooklyn Cultural District’s development boom, 620 Fulton Street, broker ground last week. Architecture firm Francis Cauffman designed … Continued
Bank buys bonds for college refinance
BankUnited announced the purchase of $26.5 million in tax-exempt bonds to refinance existing debt obligations at Dominican College in Orangeburg, N.Y. The original bonds were … Continued
Asset managers expand at SL Greenâs 1350 Sixth
SL Green Realty Corp announced that P. Schoenfeld Asset Management L.P., a global alternative asset manager, has renewed and expanded its lease for 10 years … Continued