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Attendees onstage at the end of Friday's panels at Yoba Development's Flipping The Hood event.
News

Even As Business World Guts DEI, Black Developers Carve A Path Forward

... B. Stuyvesant Champagne’s Navy Yard tasting room. “All I'm doing is the same thing all of my ancestors have ...

May 14, 2025
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522 Fifth Ave., RFR's 600K SF property where SL Green has purchased a $224M senior note from Credit Suisse.
News

Amazon Buys 600K SF Fifth Avenue Building From RFR

... for $1B in 2020. UPDATE, MAY 2, 1:30 P.M. ET: This story has been updated to include a comment ...

May 02, 2025
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Brooklyn buildings with New York skyline in the back
News

Rent Guidelines Board Gives Preliminary OK To Hikes Up To 4%, Disappointing Landlords

... little interest in taking over the buildings. In March, L+M Development Partners sued Santander Bank over its refusal to take ...

May 01, 2025
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109 Prince St., acquired by Ralph Lauren for $132M this week.
News

This Week's N.Y. Deal Sheet: Ralph Lauren Spends $132M On SoHo Storefronts

... into a 135-unit rental apartment property using the 467-m tax abatement. Northwind Group provided a $45M acquisition and predevelopment ...

Apr 29, 2025
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'Toxic Waste' Signature Loans Add To Volatility Facing NYC Multifamily
News

'Toxic Waste' Signature Loans Add To Volatility Facing NYC Multifamily

... really large real estate book — I'm sure that was part of it. But I'm confident there are plenty of investors ...

Mar 22, 2023
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Queens council members Joann Ariola and Vickie Paladino sitting either side of Eric Adams' then aide Ingrid Lewis-Martins at Ariola's 2024 inauguration.
News

Lawmakers, Neighborhood Groups Sue To Overturn City Of Yes

... have a chilling effect.” UPDATE, MARCH 26, 3:30 P.M. ET: This story has been updated with a statement from ...

Mar 26, 2025
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What Does It Take To Convert Office Space To Residential In NYC? Industry Experts From SOCOTEC Weigh In
News

What Does It Take To Convert Office Space To Residential In NYC? Industry Experts From SOCOTEC Weigh In

... the Affordable Housing from Commercial Conversion tax incentive called 467-m. It provides property tax exemptions for conversions of nonresidential buildings ...

Mar 13, 2025
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The view from Union Channel's rooftop, where residents will be able to see the Gowanus Canal as well as Lower Manhattan and Downtown Brooklyn, even with the projects set to rise in between them.
News

How NYC's New Development Tax Credits Are Changing What Gets Built And Where

Manhattan developers have seized on 467-m, even those that started their projects before the new abatement ... .  To reinvigorate housing production, state legislators last year passed 467-m and 485-x, intended to replace 421-a. The 485 ...

Mar 13, 2025
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1500 Broadway
News

1500 Broadway Owner Coughs Up $20M To Hang Onto Struggling Tower

... continued to lose value. CORRECTION, MARCH 12, 4:25 P.M. ET: A previous version of this story misstated 1500 Broadway ...

Mar 11, 2025
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Michael Giaramita (left) inspects the Delta Air Lines Airfield Reconfiguration Project at JFK with Group PMX Senior Project Manager Mohammad Mualla.
News

Doing It For The Team: Group PMX’s Michael Giaramita At Bisnow’s New York Construction And Development Event On Feb. 15

... those sectors.  Bisnow: What are you passionate about? Giaramita: I'm actually writing a book on what we do and how ... about is fixing that team dynamic, which is why I'm working on this book to get people to look at ...

Jan 27, 2023
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