Category: Owners Developers & Managers

As 2024 comes to a close, I want to express my gratitude for the many successes BOMA New York, and its members have achieved this year. From committee participation to events to contributing to local volunteerism, the dedication and passion that our members have for New York and its commercial real estate industry remains unmatched. 

Brooklyn, NY Alloy Development (Alloy) has opened the Grow Room, a tranquil, tech-free space designed to promote well-being through interaction with nature at 505 State St., the city’s first all-electric skyscraper. As part of a suite of amenities at the 44-story tower

Brooklyn, NY Jamie Smarr, president and CEO of the NYC Housing Partnership and Adolfo Carrion, commissioner of the New York City Department of Housing Preservation and Development presented Ebenezer Urban Ministry Center (EUMC),

Manhattan, NY New York-based real estate developer Baron Property Group has completed The Park Overture, a 92-unit residential building in the Washington Heights neighborhood. Located at 4568 Bdwy. and developed with partner LargaVista, the project overlooks the beloved Fort Tryon Park

Hawthorne, NY Robert Martin Company’s (RMC) CEO Tim Jones and president Greg Berger along with Town of Mount Pleasant and county officials celebrated the groundbreaking for construction of two flex-industrial buildings. Located at 14-16 Skyline Dr.

Bronx, NY Developers Asland Capital Partners (Asland) and Pembroke Development (Pembroke), alongside housing agency leaders, elected officials, and project partners, celebrated the official opening of the Park Lane Senior Apartments, located at 1940 Turnbull Ave. in the Soundview neighborhood.

Manhattan, NY A10 Capital LLC (A10), a nationwide direct lender and rated servicer of bridge and life company commercial real estate loans, has closed on a $200 million capital facility with Crayhill Capital Management LP

Manhattan, NY Genesis Companies and Lemor Development Group arranged the financial closing for the Frederick Samuel Apartments, a $383.6 million Permanent Affordability Commitment Together (PACT) project with the New York City Housing Authority (NYCHA) that will bring repairs to more than 1,200 residents.

Manhattan, NY “With great sadness, we share with you that Joseph Cotter passed away suddenly from a heart attack on Friday October 25, 2024 at home in his beloved New York City. Cotter, at 66, accomplished so much, developing visionary projects in places and communities that he believed in.

Fishkill, NY Toll Brothers, Inc. has released its final condominiums for sale at Van Wyck Mews. This final building of 20 luxury condos in this community offers quick move-in homes with designer appointed features that will be move-in ready in spring 2025. 

Manhattan, NY Naftali Group, a privately held global real estate development and investment firm based in New York, has launched sales at The Henry, a new luxury condominium building on the Upper West Side that reflects the heritage and architectural prestige of the neighborhood.

All of the recent talk about interest rates reductions is making some developers wonder if C-PACE financing will enhance their capital stacks. Since March 2022, when interest rates began their climb, more than a dozen states have improved or created C-PACE programs.