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Cirrus WFHA Funding and Resorts World NYC acquire Jamaica 1.8 acre development site for $46.125 million
Queens, NY Cirrus WFHA Funding LLC, an affiliate of Cirrus Real Estate Partners acting in partnership with Resorts World New York City, has acquired the 1.8-acre development site and parking garage at 92-30 165th St. in Jamaica for $46.125 million in a transaction brokered by RIPCO Real Estate.
Silber Investment Properties brokers $17 million sale of two shopping centers for Castle Bay Management
Syosset, NY Silber Investment Properties (SIP) has successfully brokered the sale of two prime shopping centers in Nassau County, Long Island, for a combined total of $17 million. The premier retail assets — located at 180 Jericho Tpke. in Syosset and 350-382 W. Old Country Rd. in Hicksville — encompass a combined 46,983 s/f. Both properties were acquired simultaneously by Castle Bay Management Services
CRESYN officially launches: Boutique new development condominium debuts in Long Island City
Long Island City, NY Acre NY Realty has officially launched sales of CRESYN, a six-story boutique condominium at 37-28 Crescent St. Developed by ZD Jasper Realty and Winspire Development, with architecture by Lemay_id, the project introduces 39 refined residences designed around privacy, calm, and modern urban living.
SCALE Lending deploys $45 million construction loan for condo development
Harlem, NY SCALE Lending, the debt financing arm of Slate Property Group, has issued a $45 million senior-secured construction loan for a new multifamily project located at 264-272 West 135th St. The loan will be used by the sponsor, Mass Development, for the ground-up development
Austin Interiors delivers new Cupsogue Beach Pavilion ahead of schedule
Southhampton, NY What was once a construction site is now one of Long Island’s newest community destinations in Westhampton Beach. Austin Interiors and general contractors completed the new beach pavilion at Cupsogue County Park, delivering the highly anticipated Suffolk County project on an accelerated schedule that allowed residents and visitors to begin enjoying the facility by Memorial Day
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NYREJ's 2026 Semi-Annual Summer Commercial Real Estate Guide is here!
A supplement of the New York Real Estate Journal, the Semi-Annual Commercial Real Estate Guide features a directory of services for CRE professionals.
Ariel Property Advisors arranges $45 million sale of four building affordable housing portfolio
Manhattan, NY Ariel Property Advisors (Ariel) brokered the $45 million sale of Hudson View II & III, a four-building affordable housing portfolio in the upper borough’s Hamilton Heights neighborhood. The portfolio includes 520 West 145th St., 528 West 145th St., 1704 Amsterdam Ave. and 502-504 West 145th St. Together, the properties comprise 129 Project-Based Section 8 residential units, and 11 retail units located along 200 ft.
Battery Park City Authority and Related Cos. to preserve and expand affordable housing at Tribeca Park
Manhattan, NY The Battery Park City Authority (BPCA) entered an agreement with Related Companies to preserve and expand rental affordability at Tribeca Park, a 27-story, 396-unit rental building built by Related in 1999 in Battery Park City’s north neighborhood. This agreement, in the form of an amendment to the building’s ground lease with BPCA, preserves 81 affordable units
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Riverside Memorial Chapel completes $18m restoration of Upper West Side landmark building for 100th anniversary
Manhattan, NY Riverside Memorial Chapel, a New York City landmark, and one of the nation’s most respected Jewish funeral service providers, celebrated the 100th anniversary of its landmark Upper West Side location and its $18 million restoration.
Inspired by Somerset Development secures $211m financing package for LIDO Asbury Park
Asbury Park, NJ Inspired by Somerset Development closed a $211 million financing provided by Madison Realty Capital and Cottonwood Group for LIDO Asbury Park. The milestone coincides with construction progress, with structural groundwork now complete, and the North Tower beginning its vertical ascent. Completion is on track for 2028.
Peapack Private appoints Kotronis as senior managing director, commercial real estate
Bedminster, NJ Peapack-Gladstone Financial Corp. and Peapack Private Bank & Trust have appointed Paul Kotronis as senior managing director, commercial real estate. In this role, Kotronis will support and expand the Bank’s Commercial Real Estate lending platform , drive relationship-based deposit growth, and further strengthen Peapack Private’s presence in the New York and New Jersey markets.
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A regular issue when negotiating a limited liability company agreement for a real estate project is what should happen if the company needs additional capital for the deal. This is particularly crucial for
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Long Island’s industrial real estate market continues to show resilience even as broader national fundamentals soften, according to recent data. The industrial vacancy rate for Long Island declined 20 basis
In legislation signed into law by New York Governor Kathy Hochul on May 26, 2026, the Legislature enacted significant reforms of the 50-year-old New York State Environmental Quality Review Act (SEQRA). The principal purpose of these reforms is to encourage housing development by shortening the approval process.
We hope you had the opportunity to join us at the 24th NYS Commercial Association of REALTORS® Annual Conference held June 8-10 at Rivers Casino, Schenectady, New York! Conference co-chairs Andrew Mangini and Don Minichino
New York City’s citizen idling enforcement program was created with a noble objective: reducing air pollution from unnecessarily idling commercial vehicles. Cleaner air is a worthy goal, and few people would argue that trucks and buses should be permitted to run endlessly while parked.
