Supreme Court ruling secures J-51 tax breaks for mod rehabs
Justice Debra James ruled in favor of landlords that challenged a recent policy shift by Housing Preservation and Development regarding J-51 tax breaks.
Category : Blog
DONE DEALS: Harlem block buster
Corcoran’s David Daniels has closed on the $3 million sale of a renovated Harlem townhouse at 109 West 132nd Street, a record price for the block and the West 130s. “Over the last three years, West 132nd Street has been one of the busiest blocks in Harlem with 15 houses...
Peopleʼs United Bank to open in new-look One Penn Plaza
People’s United Bank will occupy a portion of the ground floor of the 57-story building between 33rd and 34th Street and 7th and 8th Avenues in Manhattan.
The Squash Center leases Thor space
Thor Equities has leased 13,400 s/f at 25 West 39th Street in Manhattan to The Squash Center. The private, not-for-profit club signed a long-term deal for the entire fifth floor of the historic building owned by Thor Equities. The open space features expansive column spacing, and slab-to-slab ceiling heights of...
Dog playground pops up in Village
Human’s Best Friend, an immersive playground designed for dogs, is in the midst of a two-month, 3,117 s/f pop-up experience at 15 7th Avenue.
RXR inks Downtownʼs biggest lease of the year at 32 Old Slip
Cahill Gordon & Reindel signed a 20-year lease for 201,621 s/f on floors 17-22 at 32 Old Slip in Downtown Manhattan.
Columbia leases 115,000 s/f to WeWork at 149 Madison
Columbia will collaborate with WeWork to transform 149 Madison into a boutique office address with modernized amenities and infrastructure.
Outraged REBNY members turn out to protest ‘catastrophic’ commercial rent bill
It was the first time in REBNY history that the industry has shown up en masse at a City Hall hearing.
Thor, Wharton refinance trio of Soho buildings with $300M loan
JLL’s Capital Markets arranged the three-year, non-recourse floating-rate loan to refinance 530-536 Broadway, three adjoining mixed-use buildings.
HFF arranges $15M construction financing for self storage facility
Quinlan Development Group is building a New jersey CubeSmart