BRP pulls off $290M loan to build Jamaica resi complex

BRP Companies scored $290 million from the New York City Housing Development Corporation to build a 669-unit apartment complex in Queens. The city provided $227 million for 147-40 Archer Avenue, where BRP plans to build a 26-story, mixed-income property with 539 units, according to documents filed with the city on Tuesday. The developer received another […]

State taps Lendlease, Turner Construction for Javits expansion

The state entity that controls the Jacob K. Javits Convention Center selected Lendlease and Turner Construction to develop the exhibition hall’s 1.2 million-square-foot expansion. The directors of the New York Convention Center Development Corporation Tuesday chose the partnership as the design-builder of the project, which is expected to cost $1.55 billion, the Commercial Observer reported. Lendlease and […]

Compass inks deal for UWS office, its third in Manhattan

Compass is headed due north to the Upper West Side. The venture capital-backed brokerage firm has inked a 10-year deal for its third Manhattan office location at the Laureate, at 2150 Broadway, a company spokesperson told The Real Deal. The 8,725-square-foot location, on the second floor of the Stahl Organization-developed condo tower, will be the […]

City’s DOB chief opposes apprenticeship bill

NYC Department of Buildings Commissioner Rick Chandler is the latest member of the de Blasio administration to oppose a mandatory apprenticeship program for construction workers. Testifying on Tuesday before the City Council, Chandler said while the program has safety components, “they are primarily focused on teaching a trade,” Crain’s reported. Instead, Chandler said the agency […]

Related Group’s Jorge Perez rebukes Trump’s plan for US-Mexico wall, calling it “idiotic”

From the South Florida website: Despite a longstanding friendship with Donald Trump, Miami’s condo king has spoken out against the president’s plan to build a wall along the U.S. border with Mexico, and his immigration and trade policies.  Jorge Perez, chairman and CEO of the Miami-based Related Group, declined an email invitation following the inauguration from the […]

Bushwick residents set to revive rezoning plan

Bushwick residents are working to bring a delayed rezoning plan in the neighborhood back to life. Community group the Bushwick Community Plan is slated to hold a town hall meeting later this month, DNAinfo reported. The workshop will offer residents an opportunity to provide input on how they think the neighborhood should look in the […]

Jared Kushner sells stake in 666 Fifth Avenue

UPDATED Jan. 31, 02:47 PM: Jared Kushner sold his equity stake in 666 Fifth Avenue, once the most expensive office buildings in America. According to a spokesperson for Kushner Companies, the stake was sold to a family trust, but the company declined to comment on who exactly would control it. “Mr. Kushner’s ownership interests were sold […]