A Look at 2018: A Year of Leasing Highs, Retail Lows and Stock Market Flux
New York City’s real estate scene appeared to have, at first, a meandering, take-it-or-leave-it kind of year. Yes, it saw a strong business cycle persist into a 10th trip around the sun, strong office...
View ArticleJeff Levine Lining Up $415M in Construction Financing for Hudson Yards Tower
Jeffrey Levine’s Douglaston Development is shopping around for a $415 million construction loan for its planned $580 million multifamily development at 601 West 29th Street near Hudson Yards,...
View ArticleHell’s Kitchen Building Gets $43M Refi From AIG
A Hell’s Kitchen apartment building has pulled in a $43 million mortgage from AIG, according to property records. The seven-story building, known as The Cameo, went up in 2001 at 311 West 50th Street,...
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Owners Magazine 2019: Talking With the Top Developers and Owners of NYC
Wait a second … Ziel Feldman does transcendental meditation? Scott Rechler tears up at “This is Us”? Justin Elghanayan is pushing for Dwayne “The Rock” Johnson to make a run for the presidency? These...
View ArticleUrgent Care Center Takes 18K SF in Bronx Development
An urgent care center with dozens of locations across the city will open an 18,000-square-foot flagship in the base of a newly built development in the Mott Haven section of the Bronx, Commercial...
View ArticleNew York Botanical Garden Plans Affordable and Senior Housing in Bronx
As the Brooklyn Botanic Garden fights a development in its own neighborhood, New York Botanical Garden is planning to build affordable housing on its property in the Bedford Park section of the Bronx....
View ArticleHow REBNY Fights for Relevancy Amid a Progressive Movement and COVID-19
It’d be easy to count out the Real Estate Board of New York’s relevancy in New York City after the powerful trade organization suffered a series of very public defeats in 2019. As a new class of...
View ArticleComic Art Collector Philippe Labaune Opening Gallery at 555 West 23rd
A collector plans to open a more permanent gallery dedicated to European comic art in Chelsea, Commercial Observer has learned. Philippe Labaune’s Art9 Comics signed a two-year lease for 1,250 square...
View ArticleURBN Playground Execs on ‘Hyper-Amenitization’ for the Workplace
An entire industry has sprung up in the apparently never-ending search for sweeteners to make living or working in a building more fun and engaging. One of those companies is URBN Playground, a Lower...
View ArticleLegendary Bagel Shop Kossar’s Opening Second Location in Chelsea
Legendary bagel shop Kossar’s Bagels & Bialys will open its first new location in nearly a century at Douglaston Development’s 312 11th Avenue, Commercial Observer has learned The Lower East Side...
View ArticleDouglaston-Led Team to Redevelop Brooklyn’s Kingsboro Psychiatric Center
Douglaston Development and six other organizations were selected to redevelop the Kingsboro Psychiatric Center in East Flatbush, Brooklyn, into affordable housing, Gov. Andrew Cuomo announced on...
View ArticleCherry Valley Marketplace Inks 40-Year, Bronx Affordable Housing Lease
Grocery store Cherry Valley Marketplace sealed a four-decade deal for space at a Bronx affordable housing complex at 2856 Webster Avenue. Cherry Valley is currently located at 410 Bedford Park...
View ArticleDouglaston’s Jeff Levine On His Big Hudson Yards Tower, 421a and Kathy Hochul
After 40 years in the New York City development business, Jeff Levine of Douglaston Development is working on his biggest project yet: a 938-unit tower near Hudson Yards. Designed by FXCollaborative,...
View ArticleCherry Valley Marketplace Takes Another 8K SF in the Bronx
Cherry Valley Marketplace took another 8,456 square feet for its grocery store at the base of a Bronx affordable housing development. The grocery store signed a 40-year term with Douglaston Development...
View ArticleLaundromat Laundry Bee Headed to Bronx Multifamily Building
Douglaston Development cleaned up with its latest lease at its Bronx residential property at 3254 White Plains Road. The laundromat Laundry Bee inked a 15-year deal for 6,200 square feet at the base...
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