Competition up with $5B of NYC 3Q construction loans; Bank Leumi top private lender
By Adam Pincus The number of lenders competing to provide construction loans rose as construction
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Denali Mgmt buys $23M note secured by Thor’s 49-unit Harlem rental, in pre-foreclosure
Denali Management through the entity 125 Improvement Group LLC bought a note with an original
Ashkenazy loses Midtown retail building bought for $18.5M
By Varvara Budetti Ashkenazy Acquisition through the entity Midtown Lexington Retail Owner LLC has transferred
Vornado files plans for construction of a 573-unit high rise in Rego Park
Vornado Realty Trust, on October 19, filed a permit application for construction of a 573-unit,
Silverstein Properties files plans for 354-unit mixed-use building in LIC
Silverstein Properties, on October 19, filed a permit application for construction of a 354-unit, 302,852-square-foot
BEB Capital files plans for 425-unit mixed-use building, most units planned in Bed-Stuy in 10 years
BEB Capital, on October 19, filed a permit application for construction of a 425-unit, 397,252-square-foot
Q&A with Grubb Properties’ VP of development Paul O’Shaughnessy
By Atticus O’Brien-Pappalardo PincusCo connected with Grubb Properties’ vice president of development, Paul O’Shaughnessy, to
39-unit LIC condo project with $18M debt files for bankruptcy
The owner entity affiliated with a 39-unit Long Island City condominium development originally led by
KKR buys 75% stake in $508.5M 30 Hudson Yards observatory condo from Related, Oxford
Kohlberg Kravis Roberts & Co. through the entity KRE Hyod Owner LLC acquired an interest