New York
Yuco Opens 66 New Affordable Apartments
Yuco Real Estate Co. opened 66 new and affordable apartments at Brook Avenue Apartments, in the Mott Haven neighborhood of… Read more
Construction Wages Grew 5.4% in 2016
With the construction business growing quickly, wages for construction workers rose 5.4% in 2016. It’s the first time since 2008… Read more
Short to Expand Lending at Hunt Mortgage
Justin Short has joined New York-based Hunt Mortgage Group as managing director. Short will expand Hunt’s proprietary platform for originating… Read more
Yucaipa Companies Secures $93M Refi for K-Town’s Line Hotel
Natixis provided $93 million of floating-rate financing to The Yucaipa Companies, owner of The Line Hotel, a 384-room, newly renovated… Read more
Cross Champions Diversity at JRT
Earlier this year, Howard Cross joined JRT Realty Group to help spread awareness on the need for diversity in the… Read more
272 Luxury Apartments Open in Long Island City
Brause Realty and Gotham Organization opened 272 apartments in The Forge, a new 38-story tower in Long Island City in… Read more
35K New Apartments for NYC
Developers will open more than 35,000 new apartments in New York City in 2017. Many of these are squeezed into… Read more
Acquisitions Expert Joins L&L
Alex C. O’Connor joined L&L Holding Company as an associate in the firm’s acquisitions department. The hire comes as L&L… Read more
$44M Keeps 139 Apartments Affordable
Renovation and new $43.5 million financing will keep the rents low at 139 apartments in the Highbridge neighborhood of the… Read more
Greystone Renews at 505 Eighth Ave.
Greystone Management Solutions has renewed its 7,400-square-foot lease on the third floor of 505 Eighth Ave., in Manhattan’s Midtown. “Greystone… Read more
Building Business Cheers New MTA Chief
New York City’s subways, trains and buses seem to be falling apart, with frequent delays and negative headlines. “This is… Read more
Monday Properties Shifts to Buyer in Alexandria Portfolio Deal
New York-based Monday Properties acquired Beauregard Office Park, a five-property 300,000-square-foot office portfolio in Alexandria, VA from special servicing for… Read more
18 Steps to Close Rikers Island
New York City has laid out the 18 steps it’s now taking to close the complex of jails on Rikers… Read more
$1M-Per-Apartment for East Village Building
Shorenstein Company paid $57 million to buy 200 E. 11th St., a 54-unit apartment building in Manhattan’s East Village. The… Read more
CVS Renews 10K-SF at Wellington Tower
CVS Pharmacy has signed a 10-year lease renewal for 10,000 square feet of space at Wellington Tower, a luxury condominium… Read more
Higher Rents and Higher Vacancy Rates for Office Space
Giant developments on the Far West Side of Manhattan are stirring up the market for office space — pushing both… Read more
Virtual Reality Comes to Brooklyn
A new kind of retail experience is coming to 537 Atlantic Ave. in the Boerum Hill neighborhood of Brooklyn. YokeyPokey… Read more
Really Happy Fridays!
Half-day (almost) “Summer Fridays” are becoming more and more popular among company owners this year. The summer Friday half-day schedule… Read more
Brooklyn Pro Joins Ariel
Sean Kelly joined Ariel Property Advisors in its New York office as a Senior Director in the Investment Sales Division,… Read more