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A rendering of the base of The Orchard, BLDG's planned 69-story Long Island City luxury residential tower.
News

Long Island City’s Tallest Apartment Tower Scores $425M Construction Loan

... in Long Island City. A coalition of lenders led by M&T Bank, U.S. Bank and Bank of China, along ...

Jun 22, 2023
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New York City
News

After Coming Up Empty On Office Conversion Deal In Albany, NYC Pushes Renovation Tax Break

... to apply for the Manhattan Commercial Revitalization program — known as M-CORE. The offering, a strategic tax abatement aimed at ... significant, even with loosened restrictions. When it comes to M-CORE, Laremont said she isn't convinced there will be ...

Jun 21, 2023
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The Olayan Group's 550 Madison Ave., where private equity group Clayton Dubilier & Rice signed a 144K SF lease this week.
News

This Week’s N.Y. Deal Sheet

... docks and three exterior tailboard doors for tractor-trailers. *** L+M Development Partners sold six multifamily properties in Harlem for $10 ...

Jun 20, 2023
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32BJ SEIU members rallied in Manhattan on Thursday afternoon for higher wages and improved benefits for NYC's union janitors.
News

NYC Custodians Prepare To Fight Office Owners For Wage Increases

... 32BJ SEIU is hosting a rally shortly after 3 p.m. Workers are asking for pay increases that align with inflation ...

Jun 15, 2023
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Chef Marcus Samuelsson's Recipe To Help Minority-Run Businesses Flourish
News

Chef Marcus Samuelsson's Recipe To Help Minority-Run Businesses Flourish

... different types of rent structures … Now that I'm successful in the food space, it's my ... can actually sustain that,” she said. “I'm hearing a lot of expansion and a lot of ... many make pledges on diversity and inclusion. “I'm reaching out to them to see if they ...

Jun 14, 2023
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A two-story parking garage at in Greenwich Village, located at 160 West 10th St., where the NYC DOB issued a partial order to vacate after insepectors found damage to supporting steel girders and wooden joists, sheet metal handing from the ceiling and risk of ceiling collapse in several places among other violations.
News

The EV Push Adds Grave Weight To New York City's Garage Collapse Concerns

... the weight of a typical Honda Civic, she said.  “I'm concerned about the increased risk of severe injury and death ...

Jun 12, 2023
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Fisher Brothers Head of Real Estate David Cheikin
News

Fisher Brothers Hires Former Brookfield, CXP Exec As Head Of Real Estate

... . and 605 Third Ave. CORRECTION, JUNE 2, 10:45 A.M. ET: Martin Fisher was Arnold Fisher's uncle. A previous ...

Jun 01, 2023
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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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