“Good cause” crowd attacks homeownership plan
It’s New York real estate’s Catch-22: Ignore poor neighborhoods and be blamed for disinvestment, or invest in them and...
conversions
The Latest
Chicago leads office-to-industrial conversions, followed by LA, Boston
Chicago leads the nation in converting offices for industrial space, followed by LA and Boston as pandemic-era demand for...
Vanbarton pitches Financial District office tower as resi conversion
Another of Lower Manhattan’s office buildings could be headed for a residential conversion. The last office tenants at 160...
State proposes zoning override for commercial-to-resi conversions
For the next five years, certain New York City building owners may be able to get around some local...
National
Brookfield’s nixed mall redevelopment may signal strategy shift
A tough economic environment has led Brookfield Property Partners to cancel plans to redevelop a mall in Burlington, Vermont,...
Contractor alleges George Soros’ daughter asked him to deceive city
A general contractor is accusing a member of the Soros clan of conspiracy — conspiracy to commit fraud, that...
Meadow Partners considering co-op conversion for LIC luxury rental
Amazon is coming, and Meadow Partners may cash in on the buying craze with a conversion of its two-year-old...
Bank that backs Brooklyn’s biggest Hasidic developers lends $40M on synagogue conversion on UWS
Bofl Federal, the California-based lender that’s provided a slew of loans to Brooklyn’s most prolific Orthodox Jewish developers, has provided a $40 million loan...
Flushing investor buys Mormon church site for $27M
A Flushing-based investor just paid $27 million for a two-story building owned by the Mormon church — a site...
HFZ sells 46 units at the Chatsworth
HFZ Capital Group sold off 46 apartments at its Chatsworth co-op conversion on the Upper West Side for $38 million, records filed with the city Friday show. The buyer was an entity linked to...