Category : Featured

No idea too bold in architectʼs vision for Staten Island
FeaturedResidential

No idea too bold in architectʼs vision for Staten Island

REW
by REW2498
Staten Island has often been called “the forgotten borough,” but one architectural firm is hoping to change that phrase to “the borough of opportunity.” CetraRuddy, the firm led by husband-wife team Nancy Ruddy and John Cetra, has designed major office and residential buildings all across New York City over the...
Deals & DealmakersDebt & EquityFeaturedResidential

Developers secure $65M loan to buy Astoria waterfront site for apartment project

REW
by REW1841
Cape Advisors and Wainbridge Capital have secured $65 million in financing to acquire 30-77 Vernon Boulevard to build 770 apartments. Zoned for 522,132 s/f of development, the site is a two-minute walk from the Astoria Ferry Terminal and at the heart of quickly-developing slice of the Queens neighborhood.
Lucky break at 95 Evergreen leads Hornig, Savanna to $80M exit
Deals & DealmakersFeatured

Lucky break at 95 Evergreen leads Hornig, Savanna to $80M exit

REW
by REW1416
From the outside, 95 Evergreen looks like a textbook conversion deal. The investors paid $33 million for the site and $30 million to turn it into modern offices. Then, after leasing the whole building for 20 years they sold the land for $81 million. In and out no problem, right? Not exactly.
World looks on as EB-5 stalls
Deals & DealmakersFeatured

World looks on as EB-5 stalls

Linda O'Flanagan
by Linda O'Flanagan1376
A mounting backlog in EB-5 funding applications from Chinese investors has sent borrowers on a global search of new money to fund their projects. And the government’s failure to unite American interests has caused a stalemate in EB-5 reform unlikely to be resolved during the current administration. Speaking during last...
Oxford closes on $110M Deutsche Bank loan for retail spaces at 252 E. 57th Street
Deals & DealmakersDebt & EquityFeatured

Oxford closes on $110M Deutsche Bank loan for retail spaces at 252 E. 57th Street

REW
by REW1460
Oxford Properties Group closed on a $110 million mortgage to buy the leasehold interests in retail spaces and rental property within 252 East 57th Street. Toronto-based Oxford, the real estate investment arm of the Ontario Municipal Employee Retirement System, finalized the loan with Deutsche Bank’s New York Branch on Monday...
100 Norfolk hits all the right angles on Lower East Side
FeaturedResidential

100 Norfolk hits all the right angles on Lower East Side

REW
by REW2076
Sandwiched between a medium-rise prewar apartment building and a graffiti-strewn pawn shop, the unblemished glass and white steel of 100 Norfolk stick out on the Lower East Side. In addition to contrasting with some of its neighboring structures, the 12-story condo building literally sticks out, with six of its top...