Category : Construction & Design

Jersey City condo secures $26M construction loan
Construction & DesignDebt & Equity

Jersey City condo secures $26M construction loan

REW
by REW1632
Brad Domenico, partner at Progress Capital, negotiated a $26,250,000 construction to permanent loan secured by two parcels of land for construction of a new nine-story mixed-use, residential and retail building on Summit Avenue in Jersey City. At present, one parcel of land is vacant, while the second is occupied by...
Brit buy allows Thornton Tomasetti to beef up anti-terror capabilities
Construction & Design

Brit buy allows Thornton Tomasetti to beef up anti-terror capabilities

REW
by REW1002
Thornton Tomasetti, the international engineering consultancy behind the new US Embassy in London, has acquired Romsey, UK-based security consultancy MFD in a deal that will strengthen Thornton Tomasetti’s existing expertise in protective design and security services. MFD specializes in delivering physical, operational and technical security services and has provided counter-terrorist...
Highrise contractors charged with fraud
Construction & Design

Highrise contractors charged with fraud

REW
by REW1485
Contractors hired to build Steinway Tower, the American Copper Building and several other high-profile Manhattan projects have been indicted for theft and fraud. Manhattan District Attorney Cyrus Vance Jr. has accused the owners of Parkside Construction, brothers Francesco, 39, and Salvatore Pugliese, 46, and their associates of bilking their employees...
HAP crowdfunds new development in Chelsea
Construction & DesignFeaturedResidential

HAP crowdfunds new development in Chelsea

REW
by REW1271
HAP Investment Developers is moving into uncharted territory with its newest development, HAP Eight. Not only is the residential builder venturing below 110th Street for the first time, but it’s also experimenting with a new form of financing for the project: digital crowd-sourcing. For HAP Eight, a two-building development on...
Landmarks Commission launches interactive web tool for permits
Construction & Design

Landmarks Commission launches interactive web tool for permits

REW
by REW1567
The New York City Landmarks Preservation Commission (LPC) just launched Permit Application Finder, a new interactive web map that will for the first time allow the public to see geographically where LPC permits have been filed and issued and what that work entails. The Commission has also enhanced its online Permit Application...
NKF gives LIC jewelry factory a second chance to shine
Construction & Design

NKF gives LIC jewelry factory a second chance to shine

REW
by REW1109
Newmark Knight Frank (NKF) has announced the market debut of 11-20 46th Road, a renovated 34,725 rentable square-foot office building in Long Island City. Senior Managing Directors Bernard Weitzman, Eric Cagner and Associate Director Ryan Gessin are representing the developer, Caerus Group. Caerus is close to completing the retrofitting of...
REBNY president blasts builders unions, urges city to go open shop
Construction & DesignFeatured

REBNY president blasts builders unions, urges city to go open shop

REW
by REW1276
REBNY President John Banks blasted the city’s construction unions for their decision to picket the Hudson Yards work site, accusing members of being overpaid and corrupt. In his weekly column for Real Estate Weekly, Banks called the demonstrations “a sad statement on the inability of these unions to compete in...