New York
Facebook to Open New Engineering Office in New York
By Veronica Grecu, Associate Editor
Facebook, the world’s largest and fastest-growing social networking company, has announced plans to increase its footprint in New York by adding an engineering center in early 2012. The announcement was made recently by Facebook Chief Operating […]
Brooklyn Toren Condos 80 Percent Sold; Human Rights Watch Expands Empire State Building Lease
By Veronica Grecu, Associate Editor
Recent reports issued by BFC Partners and the Corcoran Group reveal that Brooklyn’s iconic new Toren condominium tower is over 80 percent sold. The 37-story building is located at 150 Myrtle Avenue at Flatbush Avenue, right […]
Rehab is On for Penn South, New Baptist Temple
By Veronica Grecu, Associate Editor
The American Federation of Labor and Congress of Industrial Organizations Housing Investment Trust (AFL-CIO HIT) will invest $134 million in the rehabilitation of Penn South, a co-op located between 8th and 9th Avenues and East 23rd […]
Courtyard by Marriott Hotel to Replace 83-Year Old Building; Charles Schwab Corp. Expands NYC Footprint
By Veronica Grecu, Associate Editor
Marriott International will develop a new 168-room Courtyard by Marriott hotel on the northeast corner of 6th Avenue and 35th Street, near Macy’s and New York’s Penn Station. This will be the hotel chain’s seventh Courtyard-branded […]
New York Hotels are Cheaper to Build than Buy
By Veronica Grecu, Associate Editor
Strange as it might seem, New York’s hospitality industry is heading toward a construction boom similar to pre-recession times. Around 50 new hotels are expected to open by the end of 2013 in the Big Apple, […]
Prospect Heights Leasing Inventory Grows with New Building; Inkeepers to Exit Bankruptcy
By Veronica Grecu, Associate Editor
A new apartment building is now available for Prospect Heights residents looking for affordable rent. The leasing process began last week and is being handled by Brooklyn-based Aguayo & Huebener Realty Group. According to the Brooklyn […]
Harlem Affordable Housing Adds 226 New Units
By Veronica Grecu, Associate Editor
The Uptowner reports that after having completed two affordable housing buildings totaling 226 units on West 127th and 128th Streets between Frederick Douglass Boulevard and St. Nicholas Avenue in Central Harlem, development company The Richman Group […]
Manhattan Office Building Goes Residential; City Encourages Neighborhood Sustainability
By Veronica Grecu, Associate Editor
As Manhattan’s residential inventory is calling for more and more space, office building reconversion seems to be the best solution for developers. One such reconversion plan was filed with the New York State Attorney General’s office […]
Private Developers and Local Officials Make Up Willoughby Park Missing Funds; 31 Penn Station Tower Sold to Savanna
By Veronica Grecu, Associate Editor
The public park at Willoughby Square in Downtown Brooklyn will receive $8 million from private developers and local officials who teamed up to give a helping hand to this stalled project. According to the Brooklyn Daily […]
Much-Needed Housing for Seniors and Low-Income Families Breaks Ground in South Queens
By Veronica Grecu, Associate Editor
In an effort to revitalize a long-vacant site that’s part of the Brownfield cleanup program, the Arcker Cos. broke ground on two housing developments for seniors and low-income families in Richmond Hill. According to the Queens […]