Category: Uncategorized

Co-developers Triangle Equities and Incline Capital closed on the recapitalization of construction financing for the first phase of The Crossings at Brick Church Station, a mixed-use development located directly adjacent to NJ Transit’s historic Brick Church Train Station in East Orange, NJ. The recapitalization totals $133.5 million, led by a $115-million senior secured bridge loan from funds managed by […]

“The Mayor came into office with a message of affordability, and it’s the right mesage. [On] how we get there, we’re going to disagree.” That’s Hal Fetner, chairman, Fetner Properties, responding to the question of the most important thing for Mayor Zohran Mamdani to focus on. For his part, Gary Rosenberg, president, Rosenberg & Estis, […]

Comptroller Levine emphasized that the Adams Administration’s FY26 spending levels, which exceed revenue, and failure to properly budget for known, re-occurring expenses, have led to unusually high budget deficit projections for FY26 and FY27.

Four major procurements that comprise the remaining construction packages for the new tunnel are also impacted by the federal funding pause.

American Express is close to a deal to relocate its headquarters from nearby 200 Vesey St. to Silverstein Properties’ long-delayed 2 World Trade Center, Bloomberg News reported. The financial services firm’s commitment could represent the anchor tenancy needed to begin construction. Published reports first surfaced in September 2024 that AmEx and Silverstein were in discussions […]

Comptroller Levine emphasized that the Adams Administration’s FY26 spending levels, which exceed revenue, and failure to properly budget for known, re-occurring expenses, have led to unusually high budget deficit projections for FY26 and FY27.

“The Mayor came into office with a message of affordability, and it’s the right mesage. [On] how we get there, we’re going to disagree.” That’s Hal Fetner, chairman, Fetner Properties, responding to the question of the most important thing for Mayor Zohran Mamdani to focus on. For his part, Gary Rosenberg, president, Rosenberg & Estis, […]

In its first phase, the Alliance will focus on building a common understanding of Westchester’s economic composition and the key sectors that drive the local economy.

In Westchester County alone, more than 1,600 people experience homelessness each night, nearly two-thirds of whom are families with children.

Could the region see these exorbitant prices decline? The report states perhaps.

American Express is close to a deal to relocate its headquarters from nearby 200 Vesey St. to Silverstein Properties’ long-delayed 2 World Trade Center, Bloomberg News reported. The financial services firm’s commitment could represent the anchor tenancy needed to begin construction. Published reports first surfaced in September 2024 that AmEx and Silverstein were in discussions […]

The City Council passed legislation requiring most residential apartment buildings to provide air conditioning by June 1, 2030.

Doorlist Event Management, Inc., d.b.a. DoorList, an app designed for college students to create and manage social events on campus, has signed a new three-year lease for 3,062 square feet at 322 Eighth Ave. in Chelsea. The circa-1925 office property saw its entrance and facade completely remodeled in recent years. Claire Koeppel and Dylan Weisman of Newmark represented the tenant. Allen […]

“This merger represents, in a word, opportunity,” said Lou Budetti.

Marcus & Millichap arranged the sale of an 11,850-square-foot industrial property in Brooklyn for $5,650,000. The property is located at 30 Richards St. in Brooklyn’s Red Hook neighborhood. “At $565 per square foot on the building’s floor plate, this sale represents a record price for an industrial building in Red Hook,” said Jesse Kay in Marcus & Millichap’s Manhattan office. “This outcome is the […]

Edison Properties and Gottesman Real Estate Partners and Tishman Speyer said Tuesday that Tishman Speyer has been selected to provide management services at the Hippodrome, a historic 21-story tower at 1120 Ave. of the Americas in Midtown Manhattan. As part of the assignment, ElevatedNY, the four-floor coworking and move-in-ready office concept at the Hippodrome, will join the […]

Could the region see these exorbitant prices decline? The report states perhaps.

Doorlist Event Management, Inc., d.b.a. DoorList, an app designed for college students to create and manage social events on campus, has signed a new three-year lease for 3,062 square feet at 322 Eighth Ave. in Chelsea. The circa-1925 office property saw its entrance and facade completely remodeled in recent years. Claire Koeppel and Dylan Weisman of Newmark represented the tenant. Allen […]