Category : Construction & Design

Marx Realty, a New York-based owner, developer and manager of office, retail and multifamily property across the United States, unveiled 10 Grand Central, its hospitality-infused reimagining of the historic Ely Jacque Kahn-designed building in Midtown’s Grand Central submarket. The 35-story building, located at 155 East 44th Street, has been renamed...

A joint venture of PRC and Camber Property Group last week closed on financing for the construction of a 163-unit affordable housing development at 975 Tiffany Avenue in the Bronx’s Longwood neighborhood. 975 Tiffany Avenue will be funded through a combination of $40 million in tax-exempt bonds and subsidy from...

Construction employment increased by 13,000 jobs in June and by 282,000 jobs over the past year, reaching a 10-year high, according to an analysis of new government data by the Associated General Contractors of America. Association officials said many construction firms appear to be more willing to hire amid lower...

Clarion Partners and Marcus Partners have retained Gensler to spearhead a renovation to the interior and exterior common areas and amenities of Merritt 7’s Buildings 501 and 601. The six-building, 1.4 million square foot property, owned by an institutional client of Clarion Partners and managed by Marcus Partners, is currently...

The city has increased its bottom line for award contracts to minority and women-owned businesses (M/WBEs) from $16 to $20 billion. “Communities of color and women are the future economic engine of New York City. That’s why Mayor de Blasio is investing in them more than the city ever has...

John R. Sorrenti, FAIA, president of JRS Architect, P.C., has received the Honorary Fellow designation from the Royal Architectural Institute of Canada (RAIC). The 111-year-old RAIC is Canada’s leading professional organization for promoting excellence in the built environment. Sorrenti’s designation is the latest tribute in a 40-year record of outstanding...