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The Real Deal New York
This tax bill would be a massive win for condo developers, if it ever makes a vote
October 12, 2018 09:30AM
Will Parker and Kevin Sun
A stalled bill in the House of Representatives would grant luxury condominium developers the same tax benefits homebuilders already receive, saving them millions during...
Related says LaBarbera is lying about
50 Hudson Yards
October 11, 2018 09:30AM
The fight between New York’s construction unions and developer Related Companies is morphing into an information war. The head of the Building and Construction...
One of the city’s biggest concrete contractors, Navillus, can exit bankruptcy
October 10, 2018 05:44PM
A federal bankruptcy court judge on Wednesday approved Navillus’ reorganization plan, meaning the construction company can exit bankruptcy in the next few weeks. Judge...
Blame game: Expediters say they’re not at fault for landlords’ inaccurate permits
October 09, 2018 07:00AM
Kathryn Brenzel and Will Parker
When some of the city’s most prominent landlords were exposed last month for failing to disclose rent-stabilized tenants on construction paperwork, many blamed the...
Beams crack in San Fran’s new $2B transit center
October 07, 2018 10:00AM
Crews are scrambling at the Transbay Transit Center in downtown San Francisco after a second cracked beam was discovered in as many days. The...
Contractor hits JDS with suit over joint venture dispute at Brooklyn condo project
October 05, 2018 03:00PM
A Staten Island-based construction company claims JDS Development’s Michael Stern gradually cut the firm out of a Brooklyn condominium project, instead hiring his own...
Schimenti Construction to open first West Coast office
October 01, 2018 06:15PM
Schimenti Construction, which specializes in retail build-outs, is opening its first office on the West Coast. The company is opening a new office in...
Chris Ward is leaving AECOM at the end of
September 25, 2018 06:43PM
After three years leading AECOM’s New York design and consulting operations, Chris Ward is leaving. It seems that Ward’s position as executive vice president...
A new record for Manhattan office condos, Q2’s construction boom and more of the biggest trends in CRE right now
September 14, 2018 03:00PM
NYC construction surpasses pre-recession levels Over 9 million square feet of new construction was completed in New York City in 2018’s second quarter, with...
Queens hotel permits reached historic highs in August. Why the party could soon be over
September 12, 2018 08:00AM
Outer-borough hotel construction has been on a roll lately, with new construction in light manufacturing zones being a major driver. That window may be...
New York’s construction unions are at
September 11, 2018 07:30AM
Standing in front of thousands of construction workers in Union Square, Gary LaBarbera screamed into the microphone — his voice going hoarse from condemning Related...
Overbuilding is causing rents in even the hottest markets to plummet, freeze
September 09, 2018 01:00PM
Timing is everything. It’s a great time to be renting in America as a glut of new supply is causing rents across the country...
At the desk of: Michael Buono
September 07, 2018 07:30AM
Michael Buono, 41, is the CEO of general contractor Mulberry Construction & Development and vice president of New York Renaissance Group, a separate development...
Has LEED lost its luster?
September 05, 2018 03:15PM
To cut its energy usage in half, JPMorgan Chase hired more than 400 construction workers to upgrade its massive Midtown East headquarters. When the...
Contractors at Greystone condo project hit with wage theft lawsuits
August 29, 2018 09:32AM
A group of construction workers at an Upper West Side condominium project have filed lawsuits against their contractor bosses, claiming they are victims of...
DOB hits engineer blamed for scaffolding collapse with additional violations
August 28, 2018 05:30PM
The engineer behind scaffolding that collapsed and injured five people in Soho last year was found to have submitted flawed designs for nine sidewalk...
Fortis plans $113M sellout for 1 River Park
August 27, 2018 01:30PM
The last condominium building in the second phase of the Long Island College Hospital redevelopment will hold 48 units and go on the market...
“Every day is a fire drill”: Construction startup Katerra struggles to stay on track as it scales up
August 27, 2018 09:00AM
Construction startup Katerra — valued at $3 billion following an $865 million funding round in January including SoftBank — is struggling with delays and...
A federal judge ordered Navillus to pay unions $76M. Here’s why the contractor is only paying $26M
August 25, 2018 09:09AM
In a deal that will allow Navillus to exit bankruptcy, the concrete contractor will pay less than half of the $76 million settlement that...
Female hardhats are breaking barriers
August 23, 2018 07:30AM
Tierra Williams quickly discovered construction sites aren’t always welcoming places for women. Williams joined Trade Off, a Nassau County-based construction management firm, in 2015...
Entertainment law firm takes 57K sf at
Wall Street spin doctor Sard Verbinnen relocating on Third Avenue
Taconic, Clarion buy pair of Bronx apartment buildings for $28M
Here’s what the $10M-$20M NYC investment sales market looked like last week
These were the 10 largest Manhattan real estate loans in September
October 2018 issue
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