Deals & DealmakersFeatured Doomsday scenario for building owners as Manhattan vacancy tops 13 percent REW November 20, 2020 November 20, 2020 by REWNovember 20, 2020November 20, 20204494 Housing group paints grim picture for NYC apartment owners as renters continue to flee city and elected officials offer no real solution.
Deals & DealmakersFeatured Doomsday scenario for building owners as Manhattan vacancy tops 13 percent REW November 20, 2020 November 20, 2020 by REWNovember 20, 2020November 20, 20205837 Housing group paints grim picture for NYC apartment owners as renters continue to flee city and elected officials offer no real solution.
Deals & DealmakersFeatured Lawyers warn employers to brace for legal fallout from COVID-weary workers REW November 20, 2020 November 20, 2020 by REWNovember 20, 2020November 20, 20204060 With the virus upending the workplace, legal experts say there has already been an uptick in litigation and emploeyrs should be prepared.
Deals & DealmakersFeatured Camber acquires affordable Bronx properties for $32M REW November 20, 2020 November 20, 2020 by REWNovember 20, 2020November 20, 20203123 So far this year, Camber has purchased nearly 1,000 affordable units in transactions totaling $250 million.
Deals & DealmakersFeatured MKF buys Related’s One Union Square for $211M REW November 20, 2020 November 20, 2020 by REWNovember 20, 2020November 20, 20206512 Related Management Company will stay on to manage the 239-unit luxury rental
Construction & DesignFeatured NYCHA looking for more private developers to renovate its apartments REW November 19, 2020 November 19, 2020 by REWNovember 19, 2020November 19, 20207506 Latest Request for Expressions of Interest (RFEI) is to repair and preserve more than 4,400 units in Brooklyn, Manhattan, and the Bronx.
Construction & DesignFeatured Long-awaited Gowanus Green to be 100% affordable REW November 19, 2020 November 19, 2020 by REWNovember 19, 2020November 19, 20205209 Affordability announcement comes ahead of long-awaited rezoning process
Debt & EquityFeatured Spinnaker JV secures $68M multifamily construction loan REW November 19, 2020 November 19, 2020 by REWNovember 19, 2020November 19, 20202742 JLL arranges loan from Sculptor Real Estate to fund building of luxury multi-housing property in Bridgeport, CT
Construction & DesignFeatured L+M signs historic hiring deal with laborers union REW November 19, 2020 November 19, 2020 by REWNovember 19, 2020November 19, 20209512 It will give the job of building affordable apartments to more of the people who live in them and pay them $40 an hour, healthcare and retirement benefits.
Construction & DesignFeatured NYBC weighs in on what to do with an empty Rikers Island REW November 19, 2020 November 19, 2020 by REWNovember 19, 2020November 19, 20203942 Builders say jail closure presents once-in-a-lifetime opportunity to design, develop and build at a tremendous scale.