Local Queens Developer Buys OZ Development Site

Local Queens developer Gary Tsan has acquired a 200,000-square-foot development site situated in a qualified Opportunity Zone in the Downtown Flushing submarket for $58 million, or approximately $290 per buildable square foot. The one-acre development is located at 133-25 37th Ave., and is said to be one of the last large land parcels available in the submarket.

       

source https://feeds.feedblitz.com/~/619015728/0/globest/new-york~Local-Queens-Developer-Buys-OZ-Development-Site/

Art Johnson Lands $120M Loan For Jersey City Property

Tall Pines Capital has loaned $120 million to the development The Element, a six-story apartment building located at 400 Claremont Avenue in Jersey City, New Jersey. The loan is split between an $84,000 construction loan and $36,000 of equity. Kathy Anderson, a founding partner of commercial real estate firm Progress Capital, arranged the loan.

       

source https://feeds.feedblitz.com/~/618969138/0/globest/new-york~Art-Johnson-Lands-M-Loan-For-Jersey-City-Property/

Stonehenge NYC and A-Rod Venture Acquire First Property

A venture comprised of real estate firm Stonehenge NYC, retired Major League Baseball player Alex Rodriguez A-Rod Corp and real estate agency the Modlin Group have announced the acquisition of 340 East 51st, a 114-unit residential apartment building in Midtown East.

       

source https://feeds.feedblitz.com/~/618968434/0/globest/new-york~Stonehenge-NYC-and-ARod-Venture-Acquire-First-Property/

NJ State Senate Floats $500M NJ TRANSIT Funding Plan

On Friday, Sen. Sweeney proposed to tap a total of $500 million from the state Corporation Business Tax, the New Jersey Turnpike and the Clean Energy Fund for the NJ TRANSIT operating budget.

       

source https://feeds.feedblitz.com/~/618962796/0/globest/new-york~NJ-State-Senate-Floats-M-NJ-TRANSIT-Funding-Plan/

Riaz Capital Locks Into $100M OZ Fund Goal

The Bay Area-based has secured an estimated $75 million in capital commitments to its opportunity zone fund aimed at closing the affordability gap in the expensive local housing market.

       

source https://feeds.feedblitz.com/~/618847944/0/globest/new-york~Riaz-Capital-Locks-Into-M-OZ-Fund-Goal/

Living New York Acquires Brokerage Firm to Bulk-up Landlord Representation

Living New York, a real estate firm specializing in landlord representation, sales and new development, has acquired Mdrn. Residential, a New York-based brokerage firm.

       

source https://feeds.feedblitz.com/~/618846214/0/globest/new-york~Living-New-York-Acquires-Brokerage-Firm-to-Bulkup-Landlord-Representation/

Capital One Loans $131M for New Rochelle Mixed-Use Development

Capital One has loaned $131.2 million to RXR Realty, a New York-based real estate firm, for the construction of 26 South Division St., a 28-story mixed-use apartment tower in New Rochelle, New York.

       

source https://feeds.feedblitz.com/~/618845442/0/globest/new-york~Capital-One-Loans-M-for-New-Rochelle-MixedUse-Development/

JMC Holdings Unveil Plans for Pittsburgh Office Tower

The 950,000 square foot LEED-certified building, designed by New York-based British architect Brandon Haw, will consist of 13 office floors totaling 520,000 square feet of leasable floor area, a retail colonnade and storefront at grade level totaling 17,000 square feet with nearly 900 parking units.

       

source https://feeds.feedblitz.com/~/618844526/0/globest/new-york~JMC-Holdings-Unveil-Plans-for-Pittsburgh-Office-Tower/