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Silverstein Properties' Jonathan Hong, GFP Real Estate's Alice Chen, Arrow Real Estate Advisors' Morris Betesh, William Macklowe Company's Billy Macklowe, Yellowstone Real Estate Investments's Issac Hera and Adler & Stachenfeld's YuhTyng Patka onstage at Bisnow's 2026 New York Conversions and Building Upgrades conference.
News

Commercial Space Is Developers' Secret Sauce For Making Residential Conversions Work

... 430K SF tower on Billionaires’ Row into housing using 467-m, the developer revealed in August. Part of the appeal, ... still uncertainty about the value of buildings utilizing 467-m because of the incentive’s permanent affordability requirements, Silverstein ...

Mar 05, 2026
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Papers piling up outside a building
News

Chronic HPD Staff Shortage Could Hamstring Mamdani's Housing Goals

... and two others that are often combined with 467-m and 485-x: Mandatory Inclusionary Housing and Universal Affordability ... Preference. And while optional for 467-m and 485-x projects, developers converting offices to housing ...

Mar 03, 2026
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Billionaire's Row from Central Park
News

NYC Multifamily Sales Drop As Market Weighs Mamdani Impacts

... we had meetings where New York families — I'm talking about ones who have owned here for ... decades — who are like, ‘I'm pulling the rip cord’? Yes,” Avison Young Head ... what? I think it's time. I'm not prepared to wait another five years.’” Appetite ...

Jan 13, 2026
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Floor & Decor's interior
News

Floor & Decor To Debut In NYC With 129K SF Brooklyn Store

... from 6 a.m. to 10 p.m. on weekdays, 7 a.m. to 9 p.m. Saturdays and 8 a.m. to 8 p ... .m. Sundays.  “We remain committed ...

May 03, 2024
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Lawsuit: Cushman & Wakefield, Adams Ally Conspired To Oust Brokerage From City Leasing Deals
News

Lawsuit: Cushman & Wakefield, Adams Ally Conspired To Oust Brokerage From City Leasing Deals

... by Jodi Pulice, has served as the M/WBE representative for Cushman on the DCAS account ... JRT from competing for city contracts. “I’m very troubled by what I’ve learned,” Carmine ... phone Wednesday. “This could happen to any M/WBE, if this is happening to the  ...

Jan 08, 2025
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Tower 57, at 135 E. 57th St. in Midtown Manhattan, is planned to be converted into apartments.
News

TF Cornerstone To Convert Billionaires' Row Office Tower To Residential

... new residential conversion tax incentive program, 467-m. The land under the building is controlled ... .  In order to benefit from the 467-m program, 25% of the building's units ... permit as quickly as possible under the 467-m program by June 2026,” Shell said. “ ...

Aug 06, 2025
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Pfizer World HQ Midtown
News

This Week's N.Y. Deal Sheet: Madison Realty Capital Lends $720M On Pfizer HQ Conversion

... PincusCo reported. The new debt comes from M&T Bank through the entity Manufactures And Traders ... has yet to receive permits.  *** L+M Development nabbed a $36.9M mortgage from ... $32M mortgage with Goldman Sachs. L+M has owned the 86K SF property since 2016 ...

May 20, 2025
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SARA QUEEN
News

Oxford Properties Hires MetLife Exec As New Head Of U.S.

... career,” Queen said in a statement. “I’m looking forward to building on the momentum in ... the time. CORRECTION, APRIL 30, 5 P.M. ET: A previous version of this story did ... been updated. CORRECTION, APRIL 30, 5 P.M. ET: Daniel Fournier is no longer at Oxford ...

Apr 30, 2026
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Getting To Yes On NYC Housing Development At Bisnow's Feb. 27 Event
News

Getting To Yes On NYC Housing Development At Bisnow's Feb. 27 Event

... that's available for conversion called 467-m. The program will make several conversions viable ... someone on board who understands the 467-m program and can work with the client ... on how and where to invest.  I'm looking forward to witnessing how the City ...

Feb 20, 2025
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Gov. Kathy Hochul
News

Hochul Slams Brake On Congestion Pricing, Rejecting Real Estate-Backed Policy

... the peak hours of 5 a.m.-9 p.m. on weekdays and 9 a.m.-9 p.m. on weekends, with higher pricing ...

Jun 05, 2024
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