The Real Deal New York

The Jarmulowsky Bank building at 54 Canal Street (Credit: Flickr)

Construction is slated to begin this week on a 12-story hotel at the site of the landmarked Jarmulowsky Bank building at 54 Canal Street, William Helm, vice president at DLJ Real Estate Capital Partners told The Real Deal. The 105-room hotel is slated to open in late 2014. [more]

TRD will be covering all the highlights of this year’s ICSC REcon event in Las Vegas

Watch this space for live updates from the 2013 International Council of Shopping Centers’ RECon event in Las Vegas, on now through Wednesday. [more]

Sam Nazarian and 47 East 30th Street

Hotel mogul Sam Nazarian and Moin Development’s David Moinian have purchased a pet hospital next to their 444 Park Avenue South hotel conversion project, according to a release from Daniel T Enterprises, a commercial real estate firm that brokered the deal. The duo paid $4 million for the 4,200-square-foot property, located at 47 East 30th Street, which will be an addition to their hotel, the release said.

“This was a great opportunity for both seller and purchaser,” Tamir Daniel, the president of Daniel T Enterprises, said in the release. [more]

Rockaways boardwalk damage (source: WIVB)

With Memorial Day just around the corner, city workers are speeding to finish $270 million in post-Sandy repairs to get public beaches ready for their opening weekend, the New York Post reported.

“Reopening the beaches is a major focus for us every year, but Sandy just set the degree of difficulty beyond anything we’ve ever seen before,” Liam Kavanagh, first deputy commissioner of the city Parks Department, told the Post. [more]

From left: TF Cornerstone’s Thomas Elghanayan, a rendering of 4545 Center Boulevard and an image of the crane collapse (Credit: Larry Dusseau)

TF Cornerstone’s 41-story, 820-unit rental property at 4545 Center Boulevard in Long Island City is now leasing homes, according to a release from the developer. [more]

Williamsburg

Out of the 1,345 affordable homes that the city vowed to develop on municipal land in North Brooklyn following the 2005 rezoning, only 19 have been finished, DNAinfo reported. The reason, city officials told the publication, is that the city ran into unexpected roadblocks. But local residents are calling foul.

“Some sites have presented unique challenges that we are committed to working through with the community and local leaders,” a Department of Housing Preservation and Development spokesperson told DNAinfo. [more]

Aby Rosen and the Paramount Hotel

The 53rd birthday of developer Aby Rosen drew an array of big names in business and culture in Midtown West on Thursday night, the New York Post reported.

The Paramount Hotel at 245 West 46th Street turned into a nightclub with a DJ booth and mirrored bars. Rosen’s firm RFR Holding purchased the 19-story, 597-room hotel for $275 million from Walton Street Capital and Highgate Holdings in 2011. [more]

BaubleBar’s Daniella Yacobovsky, 131 Greene Street in Soho

BaubleBar, an Internet jewelry retailer, plans to use short-term pop-up stores in cities around the country, including in their New York City base, as a way to test further expansion into bricks and mortar, company co-founder Daniella Yacobovsky said during a panel yesterday on the first day of the International Council of Shopping Centers’ global retail real estate convention RECon in Las Vegas. [more]

Stribling & Associates founder Elizabeth Ann Stribling-Kivlan and 384 Atlantic Avenue (Building photo via StreetEasy)

Stribling & Associates is expanding into Brooklyn, but its pick for the new office, in Boerum Hill near the Barclays Center, is somewhat unusual: a former furniture shop at 384 Atlantic Avenue, the Wall Street Journal reported.

The brokerage has opened in a neighborhood where housing prices are not soaring, a contrast to where many of its contemporaries, such as Douglas Elliman and the Corcoran Group, have set up in Brooklyn. [more]

Orange Leaf, Lee’s Henry Goldfarb

Add another name to ever-expanding roster of self-serve frozen yogurt slingers to take on Manhattan. Orange Leaf, one of the nation’s fast-growing franchises, has two local stores, plans for three more in the borough, and an additional eight to 12 locations planned to get up and running across the city by the end of next year. [more]