News

Fairstead has financed a 905-unit portfolio of subsidized housing in Manhattan and Brooklyn. The nine properties include 49 buildings, which were slated to get converted to market-rate housing before the firm swooped in.

Hales as president of the student living division will drive investment, development and operational strategy for the $4.7-billion division.

"The successful launch of this new industry is a historic development for our state that will benefit the very communities that have been disproportionately impacted by the failed war on drugs," says Toi Hutchinson, senior advisor to Governor J.B. Pritzker for Cannabis Control.

The RFI is the latest in a series of steps the State of New Jersey is taking to make the Garden State a hub for sports wagering innovation, services and technology, state officials note.

Denholtz Properties also reports that RENEX NY has signed a lease for 9,000 square feet of industrial/ flex space at its Edgeboro Corporate Center at 12-16 Edgeboro Road in East Brunswick.

The 1970-built Mitchell-Lama property will continue to stay affordable housing and receive improvements.

Owners of the Gargiulo's Restaurant in Coney Island, Brooklyn have implemented a 99-year ground lease on their property at 1517 Surf Ave., a near full-block of development land just blocks away from the Coney Island beach waterfront.

Workplace management platform Eden has become the matchmaker for enterprise businesses in search of third-party vendors, and the company has no plans on stopping as scaling up and rebranding becomes its top priority.