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Douglaston Development's rendering for 1057 Atlantic Ave., which may be one of the last properties built using the now-expired 421-a tax break.
News

Douglaston Acquires Bed-Stuy Site, Lands $185M Loan To Start Construction

... Fargo led the financing deal as administrative agent, partnering with M&T Bank as the deal’s lead joint arranger and ...

May 31, 2023
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Writers strike Writers Guild of America
News

Writers Strike Silences Studios, Throwing Upstart Real Estate Asset Class Into Uncertainty

... for content is still insatiable.”   UPDATE, MAY 24, 10 P.M. ET: This story has been updated with new data on ...

May 24, 2023
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The Signature Bank branch on Madison Avenue in Manhattan.
News

Signature Bank's CRE Lending Leaders Laid Off With More ‘Likely Coming’

... regulations in 2019 and the soaring investment rate environment. “I'm confident there are plenty of investors in the market that ...

May 17, 2023
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NYC apartment buildings
News

Wall Of NYC Multifamily Maturities Forcing More Sellers To Market, Where Buyers Eagerly Await

... to see buyers coming out of the woodwork — as I'm seeing now.” Last year’s rapid, consecutive interest rate hikes ... will define the next cycle.” CORRECTION, MAY 12, 1 P.M. ET: Keyvan Ghaytanchi's title has recently changed from BEB ...

May 11, 2023
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600 Third Ave., a Class A office and retail property where BlackRock Realty Advisors and L&L Holding Company got a $160M loan from Crédit Agricole CIB and Landesbank Baden-Württemberg this week.
News

This Week’s N.Y. Deal Sheet

... financing. *** The Brodsky Organization nabbed a $155M construction loan from M&T Bank and the Bank of New York for a ...

May 09, 2023
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Senate Housing Chair Brian Kavanagh On Budget Negotiations, The Future Of Good Cause
News

Senate Housing Chair Brian Kavanagh On Budget Negotiations, The Future Of Good Cause

... , which I amended last week, and I'm planning to move forward with. I think we ... important positive things in the budget. I'm not going to spend time pointing fingers and ... tearing down the perspectives of colleagues. I'm going to work to get agreement on some ...

May 08, 2023
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Glenwood Management's luxury condo building at 1930 Broadway, across from the Lincoln Center in Manhattan, has installed carbon capture systems as it attempts to cut its carbon footprint ahead of Local Law 97 implementation next year.
News

Carbon Capture Tech Can Cut NYC Buildings' Emissions, But Not Their Local Law 97 Fines

... 't been able to.” UPDATE, MAY 10, 1:30 P.M. ET: This article has been updated to include a comment ...

May 05, 2023
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Manhattan District Attorney Alvin Bragg at a press conference in February 2023.
News

Contracting Firms, Executives Indicted In Construction Fraud Scheme

... Renewal, according to the release. Companies sought the appearance that M/WBE firms were providing goods and services, when JM3 was ...

May 04, 2023
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In New York's Slow-Moving Affordable Housing Market, Patience Is A Virtue
News

In New York's Slow-Moving Affordable Housing Market, Patience Is A Virtue

... York, Connecticut and New Jersey, which encourage the participation of M/WBE firms.” Also important is having an in-depth understanding ...

Apr 27, 2023
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Passive House Condo Developer Sued Over Alleged Roof Cracks, Building Leaks
News

Passive House Condo Developer Sued Over Alleged Roof Cracks, Building Leaks

... , and those damages may rise. UPDATE, APRIL 25, 5 P.M. ET: This story has been updated to include comments from ...

Apr 25, 2023
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